Laboratory Equipment Services Market
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The laboratory equipment service market is projected to at a significant rate from 2019 to 2024. Growth in the laboratory equipment service market is driven mainly by an increasing number of research activities in pharmaceutical and biotechnology industries, growing need for the effective and timely diagnosis of diseases, and the rising investments and government research funding to support biomedical research activities. However, the shift from lab-based diagnosis to home-based/POC testing and the high cost of service contracts are the major factors restraining the growth of this market.
The pharmaceutical & biotechnology companies segment is expected to dominate the market. The dominant share of this segment is primarily attributed to the increased volume of drug discovery research in these companies.
North America is projected to dominate the market in 2019. On the other hand, the APAC region is expected to witness the highest CAGR during the forecast period. An increasing number of CROs, a growing number of life science R&D activities, rising import of laboratory equipment, and the rising presence of major market players in emerging countries such as India and China are some of the key factors driving the growth of the market in the Asia Pacific region.
Key Market Players includes Agilent Technologies (US), Waters Corporation (US), Thermo Fisher Scientific, Inc. (US), PerkinElmer, Inc. (US), Danaher Corporation (US), Eppendorf (Germany), Pace Analytical Services, Inc. (US), Becton, Dickinson, and Company (US), Bio-Rad Laboratories, Inc. (US), and Siemens Healthineers (Germany).
Key Questions Addressed by the Report
- Which regions are likely to grow at the highest CAGR?
- What are the recent trends affecting the market?
- Who are the key players in the market and how intense is the competition?
- What are the application areas of laboratory equipment services?
- What are the challenges hindering the adoption of maintenance services?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Laboratory Equipment Services Market, By End User
Pharmaceutical & Biotechnology Companies
Academic & Research Institutions
Clinical & Diagnostic Laboratories
6. Laboratory Equipment Services Market, By Equipment Type
7. Laboratory Equipment Services Market, By Service Providers
Standard Service Contracts
Customized Service Contracts
8. Laboratory Equipment Services Market, By Type
Repair and Maintenance Services
9. Laboratory Equipment Services Market,, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
10. Company Profiles
Thermo Fisher Scientific, Inc.
Pace Analytical Services, LLC.
Becton, Dickinson and Company
Bio-Rad Laboratories, Inc.
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