Increasing Demand for New Drug Formulation to Drive Laboratory Equipment Market to Grow at a Healthy CAGR of 7.30% During Forecast 2019-2025

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Updated on Nov 19, 2019

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Laboratory Equipment Market Overview:
The global Laboratory Equipment Market is expected to exhibit a strong 7.30% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global laboratory equipment market size is mainly driven by the growing demand for biochemical reactions in the drug development and disease diagnostics sectors, according to the report. The report presents a detailed analysis of the global laboratory equipment market share by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global laboratory equipment market overview are assessed in detail in the report. The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period.
Laboratory equipment is a must in biological and biochemical testing and is thus a major part of the global healthcare and medical research sector. Laboratory equipment is used to store, handle, and carry various types of chemicals as well as biological samples, and carry out various reactions in order to gain results of varying kinds.
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Laboratory Equipment Market-Competitive Analysis:
• Agilent Technologies Inc BD
• Beckman Coulter Inc
• Bio-Rad Laboratories Inc
• Bruker
• Eppendorf AG
• F. Hoffman-La Roche AG
• Perkinelmer Inc
• Shimadzu Corporation
• Thermo Fisher Scientific Inc
Laboratory Equipment Market-Segmentation:
• The global laboratory equipment market is segmented on the basis of product type, application, end use, and region.
• By product type, the global laboratory equipment market is segmented into incubators, centrifuges, spectrometers, scopes, sonicators, autoclaves, and others. The incubators segment holds the largest share in the global laboratory equipment market.
• By application, the global laboratory equipment market is segmented into biochemistry, endocrinology, microbiology, hematology, genetic testing, and others.
• By end use, the global laboratory equipment market is segmented into hospitals and clinics, diagnostic laboratories, and others.
Laboratory Equipment Market-Regional Analysis:
The Americas are expected to dominate the global laboratory equipment market in the coming years due to the growing product advancement in the region and the increasing number of new products coming into the market. Many major players in the global laboratory equipment market are also located in the U.S. and Canada, which also further drives the laboratory equipment market in this region. The Europe market is also likely to be a major regional market for laboratory equipment in the forthcoming years.
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