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Economics

Rates go up; house go down

House prices have topped out. A quick visit to any of Australia’s holiday hotspots will reveal a testament to the sudden end of the recent property boom…

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House prices have topped out. A quick visit to any of Australia’s holiday hotspots will reveal a testament to the sudden end of the recent property boom – a plethora of properties advertised for sale at the vaguest possible price known; ‘Contact Agent’.

When a vendor wants more than a property is worth in the current market, and the agent cannot persuade them to be credible, rather than scaring off potential buyers with a now unrealistic asking price, the agent invites potential buyers to call. 

Some of the hottest property markets in the country had become decidedly cool. And that was before the RBA decided to lift the overnight cash rate for the first time in a decade by 25 basis points earlier this week.

We have consistently pointed out property pundits need to look at only one measure to divine future property prices. That measure is ‘access to credit’.

In November last year we used this measure to announce “The boom is over (for now)” citing the changing conditions for property credit access and specifying APRA’s October increase in the minimum interest rate ‘buffer’ it requires banks to employ when assessing serviceability for new home loan applications. In October, the buffer was increased from 2.5 per cent to 3 per cent above the rate offered on the product being sold.

In that blog post we also published the chart also shown in Figure 1. revealing, the rising cost of bank funding and concluded “It all points to a property market-cooling.”

Figure 1.  Bank funding costs bounced higher from August last year

When banks or APRA, for example, and as they’ve done previously, restrict lending in any way, to any subset of buyers, such as to investors, or limit the proportion of interest-only loans, change the price of loans or even blacklist postcodes, the demand for property, and consequently its market value, will be impacted.

And while the RBA overnight cash rate change – during an election campaign, mind you – will dominate political headlines, it’s not the rate that matters to property investors.

What matters for property investors

The rate at which banks can access money over two-and three-years matters more for property investors. At the 2 November 2021 monetary policy meeting, the RBA Board discontinued its targeting of 10bp for the April 2024 Australian Government bond, exiting from the yield curve control (YCC) policy it announced on 19 March 2020 at the depths of the pandemic. As a result, two-year bond yields promptly rose (they were starting to creep up even before the decision), and the cheapest domestic source of mortgage funding the banks had arguably ever seen vanished.

Before the RBA’s decision to terminate YCC, the rate on a four-year fixed-rate mortgage for owner-occupiers offered by the NAB was 1.98 per cent. Today, that same loan is 4.79 per cent. While the rate remains low, the price is 142 per cent higher. For every million dollars borrowed, a purchaser who was once annually paying $19,800 interest, is now paying $47,900. 

Australia’s housing market sensitivity to credit access is not unique. Home sales in the US have also slowed over the past few months amid rising mortgage rates. The average rate on a 30-year fixed-rate mortgage is above 5.1 per cent, and the highest since 2010. Just as Australia’s four-year fixed rate has surged, the jump in the US 30 year fixed-rate mortgage is the fastest in four decades.

Consequently, the volume of US home sales in March, according to the US Census Bureau, has fallen 23 per cent from the January peak of 993,000 units to 763,000.

How about sales volume

Here in Sydney, sales turnover has similarly slumped, by 27 per cent year-on-year.  In Melbourne sales turnover is 14 per cent lower and 15 per cent weaker in Brisbane. 

The slump in sales turnover, just as vendors now race to market to avoid missing the end of the boom, has resulted in a lift in the number of unsold properties and will ultimately lead to a rise in the numbers of days it takes to sell them.  Of course, election years never help either.

As demand falls, turnover will rapidly retreat, properties will remain on market for longer and those vendors keenest to sell will meet the market.  When that happens prices will fall.  Remember, it is the marginal buyer and seller, this weekend, who determine property prices for everyone else.

Eventually, annual price growth measures will flatline and possibly roll over.  Last November Sydney prices, by way of example, had grown by an annual 25.8 per cent, but as the pace of increase slows each subsequent month, and quarter, the annual change must cycle much higher historical numbers, ensuring a deterioration in annual growth rates.

Table 1.  Annual increases are much tougher comparators
ABS quarterly Residential Property Price Index (unsustainable boom quarterly increases in red)

  Quarterly Change (%) Annual Change
Mar-2013 0.7  
Jun-2013 2.5  
Sep-2013 2.5  
Dec-2013 4  
Mar-2014 1.4 10.79%
Jun-2014 1.9 10.15%
Sep-2014 1.2 8.75%
Dec-2014 2 6.66%
Mar-2015 1.6 6.87%
Jun-2015 4.7 9.80%
Sep-2015 2 10.67%
Dec-2015 0.2 8.72%
Mar-2016 -0.2 6.79%
Jun-2016 2 4.04%
Sep-2016 1.5 3.53%
Dec-2016 4.1 7.56%
Mar-2017 2.2 10.15%
Jun-2017 1.9 10.04%
Sep-2017 -0.2 8.19%
Dec-2017 1 4.97%
Mar-2018 -0.7 1.99%
Jun-2018 -0.7 -0.61%
Sep-2018 -1.5 -1.90%
Dec-2018 -2.4 -5.21%
Mar-2019 -3 -7.40%
Jun-2019 -0.7 -7.40%
Sep-2019 2.4 -3.73%
Dec-2019 3.9 2.48%
Mar-2020 1.6 7.34%
Jun-2020 -1.8 6.15%
Sep-2020 0.8 4.49%
Dec-2020 3 3.59%
Mar-2021 5.4 7.46%
Jun-2021 6.7 16.76%
Sep-2021 5 21.63%
Dec-2021 4.7 23.63%
     

As Table 1. demonstrates, the more recent quarterly price increases were between three and seven per cent, contributing to annual increases of over 20 per cent. 

Accelerating annual house price growth drew in many property buyers and speculators, amid a fear of missing out.

As the strong quarterly numbers roll off the calculation of the annual rate however, annual house price growth will be more muted, dissuading speculators, and further dampening demand.

In March, IBISWorld predicted Australian house prices will fall by 5.2 per cent in 2022-23.  Sydney prices are predicted to fall 9.2 per cent.

Perhaps more significantly, the Reserve Bank of Australia estimates property prices could fall as much as 20 per cent if cash rates are raised 200 basis points.

This flies in the face of a recent consumer survey by investment bank Barrenjoey.  Keeping in mind 60 per cent of Australian mortgagors have variable rate loans and are therefore most sensitive to interest rate changes the Barrenjoey consumer survey revealed property owners are out of step with the market and the RBA.

Barrenjoey’s Consumer Health check published 28 April 2022, indicated consumers expected their mortgage rate to be, on average, 130bps higher in 12 months’ time.  This is an optimistic assessment when compared to the money market, which is pricing circa 300 basis points of interest rate increases within twelve months. 

And despite consumers’ anticipating interest rates will move higher, they expect house prices to remain flat over the coming two years. As mentioned above, the RBA has warned a 200bps rise in interest rates would likely lead to a 15 per cent decline in real house prices.

As an aside, this is classic RBA ‘jawboning’ by the way.  Much better to quell animal spirits by planting the seed of material rate rises, than to materially raise rates.  The economy would most likely contract if rates were raised as much as the RBA warns.  More jawboning may therefore be required.

The simple fact is access to credit is now tighter by virtue of the fact it has become more expensive.  When access to credit tightens property prices decline.

Most property buyers of course plan to own for many years and selling into a declining market is usually accompanied by an upgrade in the same market.  And so, property price changes for current owners are less relevant than for those yet to enter, or for those looking to add to their property portfolio.  For those buyers, news of declining prices may be welcome news indeed.

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Economics

Looming Global Food Crisis Requires Immediate and Coordinated Action from All Sectors

Looming Global Food Crisis Requires Immediate and Coordinated Action from All Sectors
PR Newswire
BOSTON, May 17, 2022

The War in Ukraine Exposes an Urgent Need to Rethink and Improve the Structure and Resilience of Our Food SystemsPublic, Private,…

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Looming Global Food Crisis Requires Immediate and Coordinated Action from All Sectors

PR Newswire

  • The War in Ukraine Exposes an Urgent Need to Rethink and Improve the Structure and Resilience of Our Food Systems
  • Public, Private, and Social Sectors Must Collaboratively Reshape Food Systems to React Quickly When Humanitarian Needs Are Most Pressing
  • New BCG Report Provides 30 Near- and Medium-Term Solutions to Make Global Food Systems More Resilient

BOSTON, May 17, 2022 /PRNewswire/ -- Russia's invasion of Ukraine is testing the capacity of global food systems to feed the world in times of crisis. An estimated 1.7 billion people—most of them in developing economies—could suffer severely increased food insecurity, higher energy prices, or greater debt burdens, according to the UN Task Team for the Global Crisis Response Group. Each of these individual factors adversely affects people's ability to feed themselves. At the same time, there is a critical need to address them more holistically and across all sectors in order to reshape our food systems so that we can counteract this humanitarian crisis—and future ones.

A new report from Boston Consulting Group (BCG), titled The War in Ukraine and the Rush to Feed the World, explores in detail the multiple direct and indirect impacts of the turmoil in Ukraine and provides 30 near- and medium-term solutions to help respond to the crisis and improve the resilience of global food systems. As the report notes, the looming global food crisis isn't about the world's capacity to produce enough food. Rather, it is about our food systems' inability to securely and equitably store and distribute enough food—and the inputs needed to produce it—in the face of the disruption caused by the ongoing war.

Together, Russia and Ukraine account for about 12% of the total food calories traded around the world, and both are critical exporters of key commodities such as wheat (28% of global trade) and sunflower oil (69%), according to the International Food Policy Institute. The UN's World Food Programme (WFP) buys from Ukraine half of the wheat it distributes around the world. Further, as exports from these countries tumble, some other leading exporting countries have announced export bans or licensing restrictions designed to protect their own food stockpiles.

As a result, prices are skyrocketing—not just for food, but also for essential agricultural inputs, such as fertilizer and fuel, that Russia has long been a key supplier of. About half of the world's people rely on food outputs that use fertilizer, and a drop in fertilizer supply could severely affect exposed populations for up to four years unless action is taken immediately to boost supplies. Moreover, the ripple effects of disruptions to the fertilizer supply chain will reach consumers worldwide.

The war's impact on fuel prices has been equally dramatic. Aside from the added cost to farmers of fuel they need to power their equipment, last-mile inland transportation account for as much as 40% of food costs in many developing countries. So as fuel prices go up, the total cost of food increases, creating a vicious cycle.

Making matters worse, the current crisis coincides with high debt levels in many developing economies around the world. Largely due to public spending to address the challenges presented by COVID-19, about 60% of low-income countries are currently in, or at high risk of, debt distress, compared with just 30% in 2015, according to the International Monetary Fund.

"While this crisis will impact all of us around the world in significant ways, low-income economies risk devastation and potential unrest," said Ertharin Cousin, CEO and founder of Food Systems for the Future, and a coauthor of the report. "We're not just talking about the poorest of the poor, who are already suffering from hunger. We're also talking about people who could recently afford a loaf of bread for their families and who now will literally be unable to do so."

Relieving the current crisis requires, most importantly, a coordinated and immediate emergency humanitarian response by all stakeholders—governments, development institutions and banks, NGOS, and private companies—to meet the most pressing needs for humanitarian aid. They must provide not only food and financial support, but also the seeds, inputs, tools, and technical assistance needed to support in-country sustainable intensification and other crop substitution actions. The report outlines a solution set of 30 key recommendations for all stakeholders. (See the exhibit.)

"There is a lot of talk about the individual components of the crisis, but it is critical that we look at things holistically and recognize the interdependence of factors ranging from rising costs of food, fertilizer, and fuel, to maxed-out debt, climate-related issues, ongoing conflicts elsewhere in the world, and COVID-19. There are multiple prongs of failure at risk of being tipped over by Russia's invasion of Ukraine," said Shalini Unnikrishnan, a managing director and partner at BCG, the global leader for Food and Nature in the firm's Social Impact practice, and a coauthor of the report.

"Just as critically, we need a coordinated effort across all sectors to rethink and repair our food systems, making them more equitable, more resilient, and more responsive in times of great need," Unnikrishnan continued. "Avoiding more such crises will require diversifying food production across diets, supply chains, and markets, and addressing the indebtedness, economic inequities, and market distortions that have contributed to the current crisis."

Download the publication here: https://www.bcg.com/publications/2022/how-the-war-in-ukraine-is-affecting-global-food-systems

For media queries, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

About Food Systems for the Future
Food Systems for the Future (FSF) was founded to catalyze, enable, and scale market-driven agtech, foodtech, and innovative businesses across the value chain to improve nutrition outcomes in underserved and low-income communities. Through wraparound support to enterprises and broader ecosystem building, FSF addresses barriers to affordability, availability, and awareness of healthy, nutrient dense foods through our core services: financing, business acceleration, public policy & education, partnerships & community engagement, and nutrition expertise. FSF currently operates in the United States and Sub-Saharan Africa. To find out more, visit fsfinstitute.net.

View original content to download multimedia:https://www.prnewswire.com/news-releases/looming-global-food-crisis-requires-immediate-and-coordinated-action-from-all-sectors-301548546.html

SOURCE Boston Consulting Group (BCG)

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Economics

Morgan Stanley: SPX could return to its pre-pandemic 3,400 level

The S&P 500 index could return to its pre-pandemic 3,400 level in the coming months that translates to another 15% downside from here, warned a Morgan…

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The S&P 500 index could return to its pre-pandemic 3,400 level in the coming months that translates to another 15% downside from here, warned a Morgan Stanley analyst on Monday.

Don’t be fooled by the bear market rally

Michael Wilson dubs the recent bounce (about 4.0%) in U.S. equities a “bear market rally” and says investors should brace for more pain ahead as inflation and supply constraints remain a significant headwind. In his note, the analyst said:

With valuations now more attractive, equity markets so oversold an rates potentially stabilizing below 3.0%, stocks appear to have begun another material bear market rally. After that, we remain confident that lower prices are still ahead.

Last week, the U.S. Bureau of Labour Statistics said inflation stood at 8.30% in April – a marginal decline versus the prior month but still ahead of the Dow Jones estimate.

How to navigate the current environment?

Wilson continues to see a recession as unlikely, but agrees that the risk of such an economic downturn has certainly gone up. The U.S. economy unexpectedly shrank 1.40% in the first quarter of 2022.

That is just another reason why equity risk premium is too low, and stocks are still overpriced. The bear market won’t be over until valuations fall to levels (14 – 15x) that discount the kind of earnings cuts we envision, or earnings estimates get cut.

He recommends increasing exposure to real estate, health care, and utilities stocks to navigate the current environment, while tech and consumer discretionary stocks remain a big “no” for him.

The post Morgan Stanley: SPX could return to its pre-pandemic 3,400 level appeared first on Invezz.

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Economics

DNA Sequencing Market Size to Rise by USD 23.56 bn | 38% of the market growth to originate from North America| Technavio

DNA Sequencing Market Size to Rise by USD 23.56 bn | 38% of the market growth to originate from North America| Technavio
PR Newswire
NEW YORK, May 16, 2022

NEW YORK, May 16, 2022 /PRNewswire/ — According to the latest market analysis report “DNA S…

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DNA Sequencing Market Size to Rise by USD 23.56 bn | 38% of the market growth to originate from North America| Technavio

PR Newswire

NEW YORK, May 16, 2022 /PRNewswire/ -- According to the latest market analysis report "DNA Sequencing Market by Solution and Geography - Forecast and Analysis 2022-2026", the market will witness a YOY growth of 19.53% in 2022. The market is predicted to witness a potential growth difference of USD 23.56 billion at a CAGR of 20.85% from 2021 to 2026. The report is segmented by solution (products and services) and geography (North America, Europe, Asia, and Rest of World (ROW)).

 

For more insights on YOY and CAGR, Read our Sample Report

Vendor Insights 

The DNA sequencing market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Companies are engaging in launching innovative market solutions to garner the attention of existing and new customers. To make the most of the opportunities and recover from post-pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 10X Genomics Inc.
  • Abbott Laboratories
  • Agilent Technologies Inc.
  • Azenta US Inc.
  • Becton Dickinson and Co.
  • BGI Group
  • Bio Rad Laboratories Inc.
  • Danaher Corp.
  • Eurofins Scientific SE
  • F. Hoffmann La Roche Ltd.
  • Illumina Inc.
  • Macrogen Inc.
  • Merck KGaA
  • Pacific Biosciences of California Inc.
  • PerkinElmer Inc.
  • QIAGEN NV
  • SeqLL Inc.
  • Tecan Group Ltd.
  • Thermo Fisher Scientific Inc.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Sample Report. 

Geographical Market Analysis 

The rising incidence of chronic diseases, increasing healthcare expenditure, and the presence of several key vendors in the region will facilitate the DNA sequencing market growth in North America over the forecast period. 38% of the market's growth is anticipated to be contributed by North America during the forecast period. The US is the key revenue-generating economy for DNA sequencing market in the region. Market growth in this region will be slower than the growth of the market in the European and Asian regions. 

Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/dna-sequencing-market-industry-analysis 

Key Segment Analysis

The products solution segment held the largest DNA sequencing market share in 2021. The segment will continue to account for the highest share throughout the forecast period. The growth of this segment can be attributed to the increasing demand for consumables in academic institutions and research centers and their expanding use in a wide range of genetic testing procedures.

View Sample Report: to know additional highlights and key points on various market segments and their impact in coming years. 

Key Market Scope

Technavio categorizes the global DNA Sequencing market as a part of the global life science tools and services market. Our report provides extensive information on the value chain analysis for the DNA sequencing market, which vendors can leverage to gain a competitive advantage during the forecast period.

The DNA sequencing market covers the following areas:

DNA sequencing Market Sizing
DNA sequencing Market Forecast
DNA sequencing Market Analysis

Key Market Drivers & Challenges: 

The rising adoption of NGS DNA sequencing technology has emerged as a crucial factor in influencing the market growth positively in the recent years. NGS enables the sequencing of entire human genome within one day and aid in revolutionized genomic research. In addition, NGS is increasingly being used for the diagnosis and treatment of chronic conditions including cancer and infectious diseases. Furthermore, NGS technology detects sequence variations effectively, and provides several genetic markers, including common and rare variants, further spurring its adoption. This is further expected to boost the DNA sequencing market growth.

However, the inadequate resources for DNA sequencing in developing countries will be a major challenge for the DNA sequencing market during the forecast period. The deployment of DNA sequencing has spurred in the recent years due to its investigative accuracy and overall minimized sequencing cost. However, DNA sequencing remains largely underutilized in developing countries, leading to limited R and D funding Furthermore, lack of skilled personnel coupled with high costs incurred in the establishment and maintenance of sequencing facilities will limit the overall market growth in the long run.

Download sample report copy  for highlights on market Drivers & Challenges affecting the DNA sequencing market.

Customize Your Report 

Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.  

For tailor-made reports suiting your business requirements,  Speak to our Analyst now!

Related Reports: 

Next Generation Sequencing Market by Product and Geography - Forecast and Analysis 2021-2025

Microbiome Sequencing Services Market by End-user and Geography - Forecast and Analysis 2020-2024

Carrier Screening Market by Type and Geography - Forecast and Analysis 2022-2026

DNA Sequencing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.85%

Market growth 2022-2026

$ 23.56 billion

Market structure

Fragmented

YoY growth (%)

19.53

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 38%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

10X Genomics Inc., Abbott Laboratories, Agilent Technologies Inc., Azenta US Inc., Becton Dickinson and Co., BGI Group, Bio Rad Laboratories Inc., Danaher Corp., Eurofins Scientific SE, F. Hoffmann La Roche Ltd., Illumina Inc., Macrogen Inc., Merck KGaA, Pacific Biosciences of California Inc., PerkinElmer Inc., QIAGEN NV, SeqLL Inc., Tecan Group Ltd., and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Solution

  • 5.1 Market segments
    • Exhibit 24: Chart on Solution - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Solution - Market share 2021-2026 (%)
  • 5.2 Comparison by Solution
    • Exhibit 26: Chart on Comparison by Solution
    • Exhibit 27: Data Table on Comparison by Solution
  • 5.3 Products - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Products - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Products - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Products - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Products - Year-over-year growth 2021-2026 (%)
  • 5.4 Services - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Solution
    • Exhibit 36: Market opportunity by Solution ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 Asia - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
  • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
  • 7.7 US - Market size and forecast 2021-2026
    • Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.8 UK - Market size and forecast 2021-2026
    • Exhibit 62: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.11 Japan - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.12 Market opportunity by geography
    • Exhibit 78: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 79: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 81: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 82: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 83: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 84: Matrix on vendor position and classification
  • 10.3 Agilent Technologies Inc.
    • Exhibit 85: Agilent Technologies Inc. - Overview
    • Exhibit 86: Agilent Technologies Inc. - Business segments
    • Exhibit 87: Agilent Technologies Inc. - Key news
    • Exhibit 88: Agilent Technologies Inc. - Key offerings
    • Exhibit 89: Agilent Technologies Inc. - Segment focus
  • 10.4 BGI Group
    • Exhibit 90: BGI Group - Overview
    • Exhibit 91: BGI Group - Product / Service
    • Exhibit 92: BGI Group - Key offerings
  • 10.5 Bio Rad Laboratories Inc.
    • Exhibit 93: Bio Rad Laboratories Inc. - Overview
    • Exhibit 94: Bio Rad Laboratories Inc. - Business segments
    • Exhibit 95: Bio Rad Laboratories Inc. - Key news
    • Exhibit 96: Bio Rad Laboratories Inc. - Key offerings
    • Exhibit 97: Bio Rad Laboratories Inc. - Segment focus
  • 10.6 Danaher Corp.
    • Exhibit 98: Danaher Corp. - Overview
    • Exhibit 99: Danaher Corp. - Business segments
    • Exhibit 100: Danaher Corp. - Key news
    • Exhibit 101: Danaher Corp. - Key offerings
    • Exhibit 102: Danaher Corp. - Segment focus
  • 10.7 Eurofins Scientific SE
    • Exhibit 103: Eurofins Scientific SE - Overview
    • Exhibit 104: Eurofins Scientific SE - Business segments
    • Exhibit 105: Eurofins Scientific SE - Key news
    • Exhibit 106: Eurofins Scientific SE - Key offerings
    • Exhibit 107: Eurofins Scientific SE - Segment focus
  • 10.8 F. Hoffmann La Roche Ltd.
    • Exhibit 108: F. Hoffmann La Roche Ltd. - Overview
    • Exhibit 109: F. Hoffmann La Roche Ltd. - Business segments
    • Exhibit 110: F. Hoffmann La Roche Ltd. - Key news
    • Exhibit 111: F. Hoffmann La Roche Ltd. - Key offerings
    • Exhibit 112: F. Hoffmann La Roche Ltd. - Segment focus
  • 10.9 Illumina Inc.
    • Exhibit 113: Illumina Inc. - Overview
    • Exhibit 114: Illumina Inc. - Business segments
    • Exhibit 115: Illumina Inc. - Key news
    • Exhibit 116: Illumina Inc. - Key offerings
    • Exhibit 117: Illumina Inc. - Segment focus
  • 10.10 PerkinElmer Inc.
    • Exhibit 118: PerkinElmer Inc. - Overview
    • Exhibit 119: PerkinElmer Inc. - Business segments
    • Exhibit 120: PerkinElmer Inc. - Key news
    • Exhibit 121: PerkinElmer Inc. - Key offerings
    • Exhibit 122: PerkinElmer Inc. - Segment focus
  • 10.11 QIAGEN NV
    • Exhibit 123: QIAGEN NV - Overview
    • Exhibit 124: QIAGEN NV - Product / Service
    • Exhibit 125: QIAGEN NV - Key news
    • Exhibit 126: QIAGEN NV - Key offerings
  • 10.12 Thermo Fisher Scientific Inc.
    • Exhibit 127: Thermo Fisher Scientific Inc. - Overview
    • Exhibit 128: Thermo Fisher Scientific Inc. - Business segments
    • Exhibit 129: Thermo Fisher Scientific Inc. - Key news
    • Exhibit 130: Thermo Fisher Scientific Inc. - Key offerings
    • Exhibit 131: Thermo Fisher Scientific Inc. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 132: Inclusions checklist
    • Exhibit 133: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 134: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 135: Research methodology
    • Exhibit 136: Validation techniques employed for market sizing
    • Exhibit 137: Information sources
  • 11.5 List of abbreviations
    • Exhibit 138: List of abbreviations

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