Laboratory Equipment Market Biggest Players in the Game Market Poised for Huge Growth

Laboratory Equipment Market Latest Research Report provides an up-to-date analysis of the growth opportunities and trends in the market’s development up to 2030. With a focus on the Laboratory Equipment market, this report offers a thorough examination of the factors driving market growth as well as the restraints influencing its progress. By employing both qualitative and quantitative methodologies, this report presents a comprehensive analysis of the market landscape. It equips companies with valuable insights and data to make informed decisions about their business strategies and identify potential areas for growth. Ask for Sample Report

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 Billion by 2023.

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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.

Segmentation based on technologiesBased 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.

Regional insightsThe 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 Billion 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.

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Companies coveredDanaher CorporationThermo FischerAgilent TechnologiesWaters CorporationPerkinElmer CorporationBio-Rad LaboratoriesShimadzu CorporationBruker Corporation

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity OutlookLatin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity OutlookEurope (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity OutlookAsia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity OutlookMiddle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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