- Report ID: BMRC 814 | Number of pages: 200 | Publish Date: Feb 2020
Status: Published | Category: Medical Device | Delivery Timeline:
Laboratory Equipment Services Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Laboratory Equipment Services Market place for the forecast 2019– 2025.
Increasing shift towards home based testing and high prices of the services contracts are predicted to hinder the market development in the mentioned period.
Laboratory equipment services offer different kinds of apparatus and equipment that are essential for the research & study in the biological and pharmaceutical industry. Moreover, laboratory equipment services have their usage in industrial services and commercial industries. Increasing research in biological and pharmaceutical sector, the global laboratory equipment services market is predicted to touch new heights of development in the years to come.
The global laboratory equipment services market is segmented into its equipment, service types, service provider, service contract, and end-user. By the service types, the market is segmented into calibration, repair & maintenance, validation, and other services. By equipment, the laboratory equipment services market is divided into support equipment, general equipment, analytical equipment, specialty equipment, and others. Based on service contract, laboratory equipment services market is divided into standardized and customized. By service provider, the laboratory equipment services market is divided into third-party service agencies, original equipment manufacturers, and others. By end-user, the laboratory equipment services market is divided as pharmaceutical & biotechnology companies, clinical & diagnostic laboratories, academic institutes, and others.
The major players included in the global laboratory equipment services market forecast are,
By Equipment Type:
By Service Providers Type
By Contract Type
Increasing Research Activities In Pharmaceutical & Biotechnology Sector Is Predicted To Improve The Market Development
Increasing research activities in pharmaceutical & biotechnology sector is predicted to improve the market development. Some of the other factors such as increasing demand for effective diagnosis of diseases, increasing investment by government to enhance biomedical research activities, advancement in the laboratory equipment, and improvement in the healthcare infrastructure will act as factors for the development of the laboratory equipment services market in the coming period. Increasing shift towards home based testing and high prices of the services contracts are predicted to hinder the market development in the mentioned period.
This laboratory equipment services market is affected by trade regulations, new recent developments, production analysis, import export analysis, market share, value chain optimization, analyses opportunities in terms of emerging revenue pockets, impact of domestic and localized market players, strategic market growth analysis, changes in market regulations, category market growths, market size, product approvals, product launches, application niches and dominance, technological innovations, and geographic expansions in the market.
North America Led The Laboratory Equipment Services Market, After Asia Pacific, And Is Claimed To Maintain The Same In The Years To Come
North America led the laboratory equipment services market, after Asia Pacific, and is claimed to maintain the same in the years to come. The growing and high number of clinical trials, the strong presence of major pharmaceutical and biotechnology companies, high life science R&D expenditure, and the attendance of a huge number of academic organizations & research institutions in the area are the factors powering the development of the market in the region.
The Asia Pacific region is predicted to clock the highest development rate in the global laboratory equipment services market during the coming period. This is credited primarily to the rising occurrence of acute and chronic diseases such as cancer, HIV, and diabetes and the rising aim of big pharmaceutical firms towards outsourcing their research to CROs in Asia.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Interested in this report?
Laboratory Equipment Services Market 2020 By Equipment Type (Analytical Equipment, General Equipment, Specialty Equipment, Support Equipment), By Type (Repair and Maintenance, Calibration, Validation),By Service Providers Type (OEMs, Third-party Service Providers, Other Service Providers, Laboratory Equipment Services Market) 2025