New York, NY -- (SBWIRE) -- 08/02/2019 -- The global laboratory equipment market is projected to expand at a compound annual growth rate (CAGR) of 8.0% during the 2018-2023 period, and will reach USD 84.4 Bn by 2023. Increasing life sciences research is responsible for a major part of the huge demand for laboratory equipment across the globe. The market is segmented based on technologies like spectroscopy, chromatography, flow cytometry, next-generation sequencing, etc. Increase in incidence of chronic diseases such as diabetes and respiratory ailments, and the higher demand for timely and early detection of diseases will aid the growth of the market in the near future.
The report analyzes the leading players of the global Laboratory Equipment market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Laboratory Equipment market. Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Laboratory Equipment market. It also provides beneficial insights for both new as well as established players of the global Laboratory Equipment market.
We provide detailed product mapping and investigation of various market scenarios. Market Expertz expert analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Laboratory Equipment market. This helps us to comprehensively analyze the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.
Segmentation based on technologies:
Based on technologies, the 'other' technologies segment had the highest market share (45.8%) in 2018, owing to a growing geriatric population, rapidly emerging diagnostics centers and hospitals, and technological advancements. Time-consuming operations and mechanical failure of equipment are major challenges faced by users. It is followed by the spectroscopy segment, with a market share of 21.3% in 2018. This is due to the increased demand for spectrometers in the life sciences sector for the analysis of drugs and biomolecules.
Global Laboratory Equipment Market: Manufacturers Segment Analysis (Company and Product introduction, Powered Data Buoy Sales Volume, Revenue, Price and Gross Margin):
- Danaher Corporation
- Thermo Fischer
- Agilent Technologies
- Waters Corporation
- PerkinElmer Corporation
- Bio-Rad Laboratories
- Shimadzu Corporation
- Bruker Corporation
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The global Laboratory Equipment market has been categorized based on the product type, application, and region. Market Expertz expert analysts undertake a thorough assessment of all of the segments included in the report and analyze them based on their market share, revenue, market growth rate, and other vital factors. All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Laboratory Equipment market. It also provides information on key trends related to the segments included in the report. The segmentation allows the interested parties to determine sectors in the global Laboratory Equipment market with high growth prospects and understand the growth strategies adopted by leading segments during the forecast period.
Regional insights:
The North America laboratory equipment market is projected to expand at a CAGR of 7.8% during the 2018-2023 period, leading to global revenue of USD 33.7 Bn by 2023. An increasing number of clinical trials and higher funding for life sciences research will aid the growth of the market. Europe, a region characterized by high awareness and a wide range of laboratory equipment, is anticipated to expand at a CAGR of 7.9% during the forecast period. The Asia-Pacific laboratory equipment market is expected to expand at the highest CAGR (8.4%) during the 2018-2023 period. Latin America, and the Middle East and Africa markets, still in the nascent stages, will also experience high growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
Incorporated with Info-graphics, charts, 35 tables and 55 figures, this 143-page research report "Laboratory Equipment Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2019 - 2026" is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2014-2018, base year estimates for 2018, and forecasts from 2019 to 2026.
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Key questions answered in the report
- What will be the market size in terms of value and volume in the next five years?
- Which segment is currently leading the market?
- In which region will the market find its highest growth?
- Which players will take the lead in the market?
- What are the key drivers and restraints of the market's growth?
Research Methodology
- Data triangulation and market breakdown
- Research assumptions Research data including primary and secondary data
- Primary data includes breakdown of primaries and key industry insights
- Secondary data includes key data from secondary sources
Why buy?
1. Understand the demand for global Laboratory Equipment to determine the viability of the market.
2. Identify the developed and emerging markets where Laboratory Equipment services are offered.
3. Identify the challenge areas and address them.
4. Develop strategies based on the drivers, trends and highlights for each of the segments.
5. Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
6. Recognize the key competitors of this market and respond accordingly.
7. Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
8. Define the competitive positioning by comparing the products and services with the key players in the market.
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