Zion Market Research, the market research group announced the analysis report titled “Laboratory Equipment Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”
Global Laboratory Equipment Services Market: Overview
Laboratory equipment services provide different apparatus that are essential for the research and study in the biological and pharmaceutical industry. With this, there is various other application of these services in industrial and commercial sectors.
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Global Laboratory Equipment Services Market: Growth Factors
The global laboratory equipment services market is likely to have a huge elevation in coming future. Rising research in biotechnology and pharmaceutical industries is the main reason that has driven the growth of the global market. Moreover, increasing concern for effective and timely diagnosis of diseases is also boosting the growth of the global laboratory equipment services market. In addition to this, increasing number of asset management companies is also driving the global market’s growth. On top of this, increasing deployment of laboratory equipment services in educational institutes is also powering the growth of the global laboratory equipment services market.
On the other hand, increasing spotlight to reduce the cost of treatments among healthcare providers is the main reason hampering the growth of global laboratory equipment services market. The high value of contracts for servicing laboratory equipment is one of the reasons that are decreasing the growth of the global market. Further, huge value of the raw material is also one of the significant reasons that are restraining the growth of the global market. Moving on, growing stress on pharmaceutical firms to decrease the price of marketing their drugs is one of the reasons that are decreasing the growth of the global market.
Global Laboratory Equipment Services Market: Segmentation
Based on service types, the global laboratory equipment services market is mainly classified as calibration, repair and maintenance, validation, and other services.
Based on equipment, the global market is bifurcated into general equipment, analytical equipment, specialty equipment, support equipment, and others.
On the basis of the service contract, the global market for laboratory equipment services segmented into standardized and customized.
Based on the service provider, the global market is divided into third-party service agencies, original equipment manufacturers, and others.
On the basis of the end user, the global market for laboratory equipment services classified into pharmaceutical and biotechnology companies, clinical and diagnostic laboratories, academic institutes, and others.
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Global Laboratory Equipment Services Market: Regional Analysis
Area-wise, the global market for laboratory equipment services is bifurcated into North America, Europe, Asia-Pacific, and Rest of the World. Increasing research in biotechnology and pharmaceutical industries is boosting the global market in North America. Increasing number of asset management companies in educational institutes is towering the global market in Germany and France. Growing need for timely and effective diagnosis of diseases has elevated the global market in India and China.
Global Laboratory Equipment Services Market: Competitive Players
Key players in the global laboratory equipment services market are Danaher Corporation, Agilent Technologies, Waters Corporation, Thermo Fisher Scientific Inc., Eppendorf AG, Mindray Medical International Limited, Hettich Instruments, Pace Analytical Services, Inc., Merck Millipore, and LP.
Global Laboratory Equipment Services Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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