Global Laboratory Equipment Market 2020-25 at a Glance +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Laboratory equipment market is one of the fastest growing markets in the world. In-fact truth to be told, it always was; however, the Covid 19 pandemic outbreak has turned out to be a catalyst. The pandemic will be one of the prime driving factors determining the rapid growth of the lab equipment market in the coming years. The burgeoning investments in the development of vaccines and increasing number of sample tests are some of the reasons, we will see an upsurge.
Global laboratory market size anticipated to reach USD 58,960 by 2025 Exhibiting a CAGR of 7.3 percent, the global laboratory equipment market is all poised to touch USD 58,960 mark by 2025. Laboratory equipment comprises tools, devices and other equipment used in research and development. The need of this equipment is immense in several industries such as food & beverage, biotechnology, and pharmaceuticals to name a few. There has been a hefty investment in the laboratory equipment market recently and it is just going to increase in the coming years.
Laboratory equipment market segmentation at a glance Laboratory equipment supplier in Canada says that the market is segmented by application, product type and end user. As far as the application is concerned the market can be segmented into endocrinology, genetic testing, microbiology, hematology and biochemistry among others. Hematology is anticipated to generate huge revenue for the global market due to its importance in determining count of white blood cells, red blood cells, hemoglobin, platelets among others. By product type the market can be segmented into incubators, centrifuges, autoclaves, sonicators, and spectrometers. 1
Regional analysis America is expected to continue its dominance in the global laboratory equipment market. Regional market growth will get propelled due to huge need of advanced laboratory equipment. US and Canada are two large economies and they will play a crucial role in the growth of global laboratory equipment market till 2025. Laboratory glassware supplier in Canada also says that Canada has a huge contribution to the global market. Europe secures the second position, mainly due to the increasing number of research organizations in the region. Owing to the increase in chronic diseases, APAC is also expected to demonstrate an accelerated growth. An increase in advanced & rapid diagnostic kits will also be seen and it will also propel the growth of international laboratory equipment market between 2020 and 2025. If you need to grab more information related to automated liquid handling equipment or liquid handling equipment supplier, feel free to write in to us.
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