$84.4 Billion Laboratory Equipment Market - Global Analysis & Forecasts 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Laboratory Equipment Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The global laboratory equipment market is projected to expand at a compound annual growth rate (CAGR) of 8.0% during the 2018-2023 period, and will reach USD 84.4 Bn by 2023.

Increasing life sciences research is responsible for a major part of the huge demand for laboratory equipment across the globe. The market is segmented based on technologies like spectroscopy, chromatography, flow cytometry, next generation sequencing, etc. Increase in incidence of chronic diseases such as diabetes and respiratory ailments, and the higher demand for timely and early detection of diseases will aid the growth of the market in the near future.

Segmentation based on technologies

Based on technologies, the other' technologies segment had the highest market share (45.8%) in 2018, owing to a growing geriatric population, rapidly emerging diagnostics centers and hospitals, and technological advancements. Time-consuming operations and mechanical failure of equipment are major challenges faced by users. It is followed by the spectroscopy segment, with a market share of 21.3% in 2018. This is due to the increased demand for spectrometers in the life sciences sector for the analysis of drugs and biomolecules.

Regional insights

The North America laboratory equipment market is projected to expand at a CAGR of 7.8% during the 2018-2023 period, leading to global revenue of USD 33.7 Bn by 2023. An increasing number of clinical trials and higher funding for life sciences research will aid the growth of the market.

Europe, a region characterized by high awareness and a wide range of laboratory equipment, is anticipated to expand at a CAGR of 7.9% during the forecast period. The Asia-Pacific laboratory equipment market is expected to expand at the highest CAGR (8.4%) during the 2018-2023 period. Latin America, and the Middle East and Africa markets, still in the nascent stages, will also experience high growth.

Key Topics Covered:

Chapter 1: Executive summary

1.1. Market scope and segmentation

1.2. Key questions answered in the study

1.3. Executive summary

Chapter 2: Introduction

2.1. Market definitions

2.2. Global market trends

2.3. Global drivers

2.4. Global challenges

2.5. Revenue based on technologies - 2018 (USD Bn)

2.6. Value chain of laboratory equipment market

Chapter 3: Global Laboratory Equipment Market Overview

3.1. Market overview

3.1.a. Global historical market revenue - (2015-2017) (USD Bn)

3.1.b. Global forecast market revenue - (2018-2023) (USD Bn)

3.1.c. Geography-wise market revenue - (2018, 2023) (USD Bn)

Chapter 4: Global Laboratory Equipment Market - Segment Insights

4.1. Global Chromatography market

4.2. Global Spectroscopy market

4.3. Global Flow Cytometry market

4.4. Global Next Generation Sequencing market

4.5. Global Other Technologies market

Chapter 5: Global Laboratory Equipment Market - Based on Regions

5.1. North America

5.1.a. Market Overview

5.1.b. North America chromatography market

5.1.c. North America spectroscopy market

5.1.d. North America flow cytometry market

5.1.e. North America Next Generation sequencing market

5.1.f. North America other technologies market

5.2. Europe

5.3. Asia-Pacific

5.4. Latin America

5.5. The Middle-East and Africa

Chapter 6: Competitive Landscape

6.1. Major players- Market share analysis

6.2. Danaher Corporation

6.2.a. Company snapshot

6.2.b. Key financials

6.2.c. Business description

6.2.d. Major products

6.2.e. Growth strategies and major initiatives

6.2.1 Thermo Fischer

6.3. Agilent Technologies

6.4. Waters Corporation

6.5. PerkinElmer Corporation

6.6. Bio-Rad Laboratories

6.7. Shimadzu Corporation

6.8. Bruker Corporation

Chapter 7: Conclusion

Chapter 8: Appendix

For more information about this report visit https://www.researchandmarkets.com/r/68hy7p

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Related Topics: Laboratory Equipment

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Laboratory Equipment