Global Laboratory Equipment Market Estimates Till 2023

Posted by Pooja Patil on December 4th, 2019

Aarkstore Enterprise announced Latest Trending Market Research Report Titled “Global Laboratory Equipment Market (2018-2023)” under Healthcare category. The global laboratory equipment market is projected to expand at a compound annual growth rate (CAGR) of 8.0% during the 2018-2023 period. The report also provides the largest market share, industry growth, market Revenue.

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 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.

To Get a Free Sample Report, Kindly Contact Us On: contact@aarkstore.com

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.

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.

Companies covered

• Danaher Corporation

• Thermo Fischer

• Agilent Technologies

• Waters Corporation

• PerkinElmer Corporation

• Bio-Rad Laboratories

• Shimadzu Corporation

• Bruker Corporation

View Full Market Research Reports on Market: 

https://www.aarkstore.com/healthcare/1488471/global-laboratory-equipment-market

Category:- Healthcare

About Aarkstore Enterprise

Aarkstore curates global market research reports from various industry verticals and serves businesses worldwide. As market research report resellers, we at Aarkstore, partner with established publishers for both; syndicated data and customized reports. The market research data supplied by us is up-to-date and reliable for current day industry analysis and future market forecasts equally.

Avail Market Research Reports from us and gathers critical information about customer preferences, market requirements, key drivers and challenges for your business to align your strategies with them. The comprehensive overview of the market provided will allow you to make insight-driven decisions giving you an upper hand in the competitive landscape.

Contact Us:

Aarkstore Enterprise

+91 9987295242 | contact@aarkstore.com | www.aarkstore.com