The Infinium Global Research analyzes the Global Laboratory Balance and Scales Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global laboratory balance and scales market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of laboratory balance and scales. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the laboratory balance and scales market during the period. 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 market is estimated to grow with significant rate in the forecast period, rapidly growing healthcare industry is one of the major factor affecting the growth of the market. Rate of development of pharma and healthcare industries has doubled in last decade that in turn has boosted the demand of laboratory balance and scales.
Moreover, stringent regulation by regulatory bodies such as WHO and FDA has mandatory to use high standards of laboratory balance and scales that in turn is fuelling the growth of the market. On the other hand, high cost associated with the balance and scale and routine calibration can hamper the growth of the market. However, rising industrial need will provide better opportunity to the laboratory balance and scales market in forecast period.
Laboratory Balance and Scales Market: Segmentation
Laboratory balance and scales market is segmented based on product type and end user. Based on product type laboratory balance and scales market can be further classified in to bench scales, compact scales, counting scales and other scales. Bench scale products holds the largest share in the segment. Based on end user market is segregated into research and academic institutes, pharmaceutical industry, cosmeceutical industry and biotechnology industry.
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North America Dominates the Market and Expected to Keep Its Dominance in the Forecast Period
Geographically, the laboratory balance and scales market is segmented into North America, Europe, Asia-Pacific, and RoW. North America dominates the market and expected to keep its dominance in the forecast period. Presence of major pharma and biotech companies and growing research activities are some of the factors fuelling the growth of the market. Europe holds the second position in the market. Growing healthcare industries boosting the growth of the market in this region. Market in the Asia Pacific is estimated to grow with a significant rate in the forecast period. Growing healthcare industry and rising funding for research and development instituests are contributing to the growth of the market.
Laboratory Balance and Scales Market: Competitive Analysis
Key players in the market includes 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 others.
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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 applications 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.