World trade was already slowing in 2019 before COVID 19 outbreak, weighed down by trade tensions and slowing economic growth, such as uncertainty generated from Brexit, the U.S.-China trade war, the Japan-South Korea trade war.
Trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world, according to the study of WTO.The decline in exports has been mainly due to the ongoing global slowdown, which got aggravated due to the current Covid-19 crisis. The latter resulted in large scale disruptions in supply chains and demand resulting in cancellation of orders.
XYZResearch’s analysis shows that as China started reopening its economy, world exports initially recovered across the board. But estimates of the expected recovery in 2021 are uncertain, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses.
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Regional Segmentation (Value; Revenue, USD Million, 2015 – 2026) of Life Science Instrumentation Market by XYZResearch Include
Middle East and Africa
Competitive Analysis; Who are the Major Players in Life Science Instrumentation Market?
Agilent Technologies (US)
BectonDickinson and Company (US)
Bruker Corporation (US)
Danaher Corporation (US)
Eppendorf AG (Germany)
GE Healthcare (US)
Hitachi High-Technologies Corporation (Japan)
Merck KGaA (Germany)
Qiagen N.V. (Netherlands)
Shimadzu Corporation (Japan)
Thermo Fisher Scientific(US)
Waters Corporation (US)
Major Type of Life Science Instrumentation Covered in XYZResearch report:
Application Segments Covered in XYZResearch Market
Agri and Food Industry
Hospitals & Diagnostic Labs
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