Authored By: Sarah
19 Nov 2021

General Laboratory Equipment Market | Market Highlights and Insights to Recovery from COVID-19
Market Forecast and Growth Projections 2021-2025

The general laboratory equipment market is expected to grow by $ 8.63 bn, accelerating at a CAGR of almost 8.89% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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General Laboratory Equipment Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The report segments the market by Product (instruments and equipment and laboratory consumables), End-user (pharmaceutical, healthcare, academic, industrial, and others), and Geography (North America, Europe, APAC, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
  • 36% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the General Laboratory Equipment Market size.

General Laboratory Equipment Market Size to Grow by $ 8.63 bn through 2021-2025 | Leading Segments and Market Trends

General Laboratory Equipment Market: Top Trends, Drivers, Challenges to drive Market Recovery

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

  • A key market driver for the General Laboratory Equipment Market will be increasing demand from quality testing and research laboratories.
  • Growing adoption of miniaturized products is another factor that will be instrumental in driving market growth during the forecast period.
  • Strict compliance requirement for validation and calibration of laboratory equipment is a hurdle that needs to be crossed on the path to success.

General Laboratory Equipment Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Avantor Inc., Bio Rad Laboratories Inc., Borosil Ltd., Corning Inc., DWK Life Sciences GmbH, Eppendorf AG, Mettler Toledo, Sartorius AG, Thermo Fisher Scientific Inc., and VITLAB GmbH are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 8.89%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 8.63 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Increasing demand from quality testing and research laboratories will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    36% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Avantor Inc., Bio Rad Laboratories Inc., Borosil Ltd., Corning Inc., DWK Life Sciences GmbH, Eppendorf AG, Mettler Toledo, Sartorius AG, Thermo Fisher Scientific Inc., and VITLAB GmbH

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (instruments and equipment and laboratory consumables), End-user (pharmaceutical, healthcare, academic, industrial, and others), and Geography (North America, Europe, APAC, South America, and MEA)
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