The latest report on “Laboratory Balance and Scales Market (Product Type – Bench Scales, Compact Scales, Counting Scales, and Other Scales; End User – Research and Academic Institutes, Pharmaceutical Industry, Cosmeceutical Industry, and Biotechnology Industry): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global laboratory balance and scales market are projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.
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Laboratory balance and scales are used to accurately measure the amount of the sample/products. In the pharmaceutical and biotechnology industries standardization of products and the exact composition amount of samples is very important, which is accomplished by laboratory balances and scales. Rapidly growing industrialization and stringent regulations are affecting the rapid adoption of laboratory balance and scales.
Growing Pharmaceutical and Biotech Industries is One of the Major Factors Fuelling the Growth of the Market
Growing pharmaceutical and biotech industries is one of the major factors fuelling the growth of the market. The rate of development of pharma and healthcare industries has almost doubled in the last decade that in turn has boosted the demand for laboratory balance and scales. Moreover, stringent regulation by regulatory bodies such as WHO and FDA for product safety made it mandatory to use high standards of laboratory balance and scales that in turn is boosting the growth of the market. On the other hand, the high cost associated with the balance and scale and their routine maintenance can hamper the growth of the market. However, the growing industrial needs will provide a better opportunity for the laboratory balance and scales market in the forecast period.
North America Holds the Highest Share of the Market
Based on the region, the laboratory balance and scales market is categorized into North America, Europe, Asia-Pacific, and RoW. North America holds the highest share of the market and expected to keep its dominance in the forecast period. The presence of major healthcare industries and increasing use of laboratory balance and scales in academic and research institute is fuelling the growth of the market in this region.
The market in Europe expected to grow at a significant rate in the forecast period. Growing healthcare industries and research activities contributing to the growth of the market. The market in the Asia Pacific is estimated to grow with a high CAGR in the forecast period. The growing healthcare industry and rising funding for research and development institutes are contributing to the growth of the market.
The report on global laboratory balance and scales market covers segments such as product type, and end user. On the basis of product type, the sub-markets include bench scales, compact scales, counting scales, and other scales. On the basis of end user, the sub-markets include research and academic institutes, pharmaceutical industry, cosmeceutical industry, and biotechnology industry.
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The report provides profiles of the companies in the market such as A&D Company, Ltd., Adam Equipment, Ltd., Avery Weigh-Tronix LLC, Bonso Electronics International, Inc., Danaher Corporation, Essae Group, Humboldt Mfg. Co., Kern & Sohn GmbH, Mettler Toledo International, Inc., Sartorius AG, and Other companies.
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=> Comprehensive analysis of global as well as regional markets of the laboratory balance and scales.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.