Over the years, the pharmaceutical and biotechnology industries have grown rapidly due to the various ongoing research and development activities within these industries. With increasing number of research activities in pharmaceutical and biotechnology industries across the globe, the laboratory equipment services market is estimated to grow heavily. Moreover, the funding to support biomedical research activities by government authorities has helped the key players focus on research activities and indulge in collaboration and partnerships with other organizations. Consequently, these determinants will push the market to show expand immensely over the forecasted period.
Frequently Asked Questions
The market is segmented based on Segmentation, By Equipment Type (Analytical Equipment, General Equipment, Specialty Equipment, Support Equipment), Product (Sonicators And Homogenizers, Incubators, Spectro photometers, Others),Service Type (Repair and Maintenance Services, Calibration Services, Validation Services, Others), Service Providers (Original Equipment Manufacturers, Third-Party Service Providers, Others), Contract Type (Standard Service Contracts, Customized Service Contracts), End- Users (Pharmaceutical and Biotechnology Companies, Clinical and Diagnostic Laboratories, Academic and Research Institutions) – Industry Trends and Forecast to 2031
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The Global Laboratory Equipment Services Market size was valued at USD 13.72 USD Billion in 2023.
The Global Laboratory Equipment Services Market is projected to grow at a CAGR of 12.4% during the forecast period of 2024 to 2031.
The major players operating in the market include Agilent Technologies , Thermo Fisher Scientific, Waters Corporation, Abbott, Hettich Instruments, Merck KGaA, Shimadzu Corporation, Danaher, Siemens, Eppendorf Corporate, PerkinElmer , Pace Labs, BioRad Laboratories , BD.
The market report covers data from the U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa.
