Dublin, May 18, 2023 (GLOBE NEWSWIRE) -- The "Global Laboratory Equipment Services Market (2023-2028) by Equipment Type, Type, Contract, Service Provider, End-User, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Laboratory Equipment Services Market is estimated to be USD 17.99 Bn in 2023 and is expected to reach USD 34.95 Bn by 2028, growing at a CAGR of 14.2%.
Market Dynamics
Drivers
- Increase in Research and Development in Pharmaceutical Industry
- Rising Number of Chronic Diseases and Need of Diagnosis
- Growing Investment and Government Funding to Support Biomedical Research Activities
Restraints
- High Cost of Service Contracts
- Increasing Shift Towards Home Based Testing
Opportunities
- Advancement in the Laboratory Equipment
- Growth in Asset Management Companies
Challenges
- Limited Scope for Innovation
Market Segmentations
The Global Laboratory Equipment Services Market is segmented based on Equipment Type, Type, Contract, Service Provider, End-User, and Geography.
- By Equipment Type, the market is classified into Analytical Equipment, General Equipment, Specialty Equipment, and Support Equipment.
- By Type, the market is classified into Repair and Maintenance Services, Calibration Services, Validation Services, and Others.
- By Contract, the market is classified into Standard Service Contracts and Customized Service Contracts.
- By Service Provider, the market is classified into Original Equipment Manufacturers and Third-Party Service Providers.
- By End-User, the market is classified into Pharmaceutical & Biotechnology Companies, Clinical & Diagnostic Laboratories, and Academic & Research Institutions.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Thermo Fisher Scientific, Waters Corp., Danaher, PerkinElmer, Pace Analytical Services, Bio-Rad Laboratories, Siemens, etc.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Laboratory Equipment Services Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Laboratory Equipment Services Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Laboratory Equipment Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report..
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $18 Billion |
| Forecasted Market Value (USD) by 2028 | $34.96 Billion |
| Compound Annual Growth Rate | 14.2% |
| Regions Covered | Global |
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Laboratory Equipment Services Market, By Equipment Type
7 Global Laboratory Equipment Services Market, By Type
8 Global Laboratory Equipment Services Market, By Contract
9 Global Laboratory Equipment Services Market, By Service Provider
10 Global Laboratory Equipment Services Market, By End- User
11 Americas' Laboratory Equipment Services Market
12 Europe's Laboratory Equipment Services Market
13 Middle East and Africa's Laboratory Equipment Services Market
14 APAC's Laboratory Equipment Services Market
15 Competitive Landscape
16 Company Profiles
17 Appendix
Companies Mentioned
- Abbott Laboratories
- Agilent Technologies, Inc.
- AIC Lab Equipments Pvt. Ltd.
- Avantor, Inc.
- Becton, Dickinson Co.
- Bionics Scientific Technologies Pvt. Ltd
- Bio-Rad Laboratories
- C&M Scientific
- Eppendorf Ag
- Full Spectrum Group, LLC
- Hettich Instruments
- Hitachi High-Technologies
- Labochema
- Labx Media
- Merck GmbH
- Nordic Service Group
- Pace Analytical Services, LLC
- PerkinElmer, Inc.
- Shimadzu
- Siemens Healthineers
- Thermo Fisher Scientific
- Waters Corp.
For more information about this report visit https://www.researchandmarkets.com/r/5qiinl
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