Life Sciences & Lab Equipment Market
Summary
Life Sciences & Lab Equipment Market Size is forecast to reach $ 62,254.86 Million by 2030, at a CAGR of 5.8% during forecast period 2024-2030.- Author Company: Our reports and in-depth insights will provide you with all the data, strategic inputs and competitive intelligence to move ahead in the market.
- Author Name: Venkat
- Author Email: sales@industryarc.com
Life Sciences & Lab Equipment Market Size is forecast to reach $ 62,254.86 Million by 2030, at a CAGR of 5.8% during forecast period 2024-2030.
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Laboratory is facility that is equipped to perform scientific experiments with the help of equipment such as watch glasses, Erlenmeyer flasks, graduated cylinders, Bunsen Burners and disposables. Micromanipulation systems are most common equipment in laboratory that physically interact with a sample under a microscope. In laboratory, lab air filtration system offers solution in order to modify air quality within the laboratory in order to provide safety. In laboratory, laminar flow hood are used as ventilation devices to provide an aseptic work area that helps to prevent both the laboratory personnel and the materials. A homogenizer is a piece of laboratory that are high-quality handheld models which is used for the homogenization of various types of material in molecular biology. Laboratory Equipment offers spectrophotometers that helps to measure light intensity as a function of wavelength. Increasing prevalence of infectious disease among people and growing technological advancement is the major factor driving the growth of this market. Furthermore, increasing research and development activities in medical industry is set to further enhance the overall market demand for Life Sciences & Lab Equipment Market for the period 2021-2026.
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Report Coverage
The report: “Life Sciences & Lab Equipment Market Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Life Sciences & Lab Equipment Market.
By Equipment Type: Cold Storage, Lab Ovens & Furnaces, Liquid Handling, Lab Centrifuges & Shakers, Microbiological Incubators & Environmental Chambers, Water baths, Circulators & Chillers, Analytical & Measuring Instruments, Others.
By Technology Type: Spectroscopy, Chromatography, PCR, Immunoassays, Lyophilization, Clinical Chemistry Analyzers, Microscopy, Flow Cytometry, Centrifuges, Electrophoresis, Others.
By Application: Cell Culture & Cell Therapy, Cancer Research, Drug Discovery, Genomics, In,Vitro Fertilization, Bioprocess, Metabolomics, Proteomics, Others.
By End Users: Clinical & Diagnostic, Research, Academic & Government Institutions, Pharmaceutical & Biotechnology, Blood Banks, Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).
Key Takeaways
- Geographically, in 2020, APAC dominated the Life Sciences & Lab Equipment Market owing to increasing prevalence of infectious diseases that require laboratory testing, high healthcare expenditure and increasing favorable reimbursement policies.
- Increasing prevalence of infectious disease among people and growing technological advancement factors are likely to aid in the market growth of the Life Sciences & Lab Equipment.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Life Sciences & Lab Equipment Market report.
- High cost associated with laboratory equipment is set to create hurdles for the Life Sciences &d Lab Equipment Market.
