Global Laboratory Equipment Services Market is Driven by Increasing Growth of Biotechnology and Pharmaceutical Industry

Laboratory equipment services market is forecasted to grow at 11.90% for 2020-2027 with factors such as rising preferences towards home based testing and high cost of services will restrict the growth of the market in emerging economies.

Laboratory equipment services market has shown an exceptional penetration in developed economies in North America. Increasing number of CROs, rising import of laboratory equipment and growing research activities will surge the growth of the market.

Laboratory Equipment Services Market Scenario

According to Data Bridge Market Research the laboratory equipment services market is witnessing a stable growth in developing economies during the forecast period of 2020-2027 due to factors such as surging demand of effective diagnosis of diseases, prevalence of improved healthcare infrastructure and equipment, increasing research activities to enhance biomedical growth will accelerate the growth of the market.

Now the question is which are the other regions that laboratory equipment services market is targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific laboratory equipment services market and the market leaders targeting China and India to be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the laboratory equipment services market

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Laboratory Equipment Services Market Development

  • In February 2018, Detector Technology, Inc acquired Scientific Instrument Services that will help in expanding the liquid handling as well as automobile capabilities and also provide innovative product solutions of the customer.

Scope of the Laboratory Equipment Services Market

Laboratory equipment services market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the laboratory equipment services market is further analyzed based on maximum granularity into further segmentation. On the basis of equipment type, the market is segmented into analytical equipment, general equipment, specialty equipment and support equipment. Based on type, the market is segmented into repair and maintenance services, calibration services, validation services and others. Based on service providers, the market is segmented into original equipment manufacturers, third-party service providers and others. Based on contract type, the market is segmented into standard service contracts and customized service contracts. The end-users covered for the report are pharmaceutical & biotechnology companies, clinical & diagnostic laboratories, academic & research institutions.
  • Laboratory equipment is a type of tools that will be used by scientist in the laboratory while laboratory equipment service is defined as maintenance of various type of equipment’s such as specialty, general, analytical and other equipment’s which are used in many companies and diagnostic laboratories.   

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Key Pointers Covered in the Laboratory Equipment Services Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Agilent Technologies, Inc.
  • Thermo Fisher Scientific Inc.
  • Waters Corporation
  • Danaher
  • Eppendorf AG
  • PerkinElmer Inc.
  • Pace Analytical Services, LLC
  • BD
  • Bio-Rad Laboratories, Inc
  • Siemens Medical Solutions USA, Inc.
  • Hettich Instruments
  • Merck KGaA
  • Shimadzu Corporation
  • Abbott

Above are the key players covered in the report, to know about more and exhaustive list of Laboratory Equipment Services companies contact us

Research Methodology: Global Laboratory Equipment Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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