Laboratory Equipment Market Upcoming Trends, Demand, Regional Analysis and 2028 Forecast

 

Laboratory Equipment

Increased prevalence of lifestyle diseases like heart disease, obesity, atherosclerosis, and chronic respiratory, cardiovascular, and metabolic diseases as well as hereditary diseases like haemophilia, Down syndrome, cystic fibrosis, and sickle cell anaemia are driving up demand for laboratory equipment and propelling the introduction of cutting-edge technologies into the market. According to the World Health Organization (WHO), noncommunicable diseases account for 40 million annual deaths, or 70% of all fatalities globally. The leading cause of NCD mortality each year is cardiovascular disease (17.7 million), followed by cancer (8.8 million), respiratory illness (3.9 million), and diabetes (3.9 million) (1.6 million).

This Laboratory Equipment Market study offers insightful information on the market's response to COVID-19, which will aid businesses in assessing their strategies. A number of market vendors are also profiled in the report on the general laboratory equipment market, including among others Avantor Inc., Bio Rad Laboratories Inc., Borosil Ltd., Corning Inc., DWK Life Sciences GmbH, Eppendorf AG, Mettler Toledo, Sartorius AG, Thermo Fisher Scientific Inc., and VITLAB GmbH.

The Laboratory Equipment Market growth during and after the COVID-19 era has been positively impacted, according to the results of our research. The growth of the market for laboratory equipment in general is being significantly fueled by the rising demand from quality testing and research laboratories, though certain factors, such as stringent compliance standards for the validation and calibration of laboratory equipment, may restrain the market's expansion. Our research experts have analysed historical data to determine the major market factors and the effect of the COVID-19 pandemic on the overall laboratory equipment market. Determining end goals and improving marketing tactics to acquire a competitive edge will be made easier with the help of a comprehensive analysis of the drivers.

A significant factor driving the growth of the overall laboratory equipment market is the rising demand from high-quality testing and research facilities. There is a growing need for general laboratory equipment from facilities like quality control labs. These facilities serve a variety of sectors, including the pharmaceutical, cosmetics, and food and beverage industries.

In order to efficiently and accurately carry out their standard quality-testing duties, such as microbiological growth tests, bio burdening tests, and quantitative tests, these laboratories are adopting high-quality goods with high-throughput capabilities. Industrial settings are modernising their quality testing laboratories with the newest laboratory systems and equipment as a result of the strict regulatory requirements surrounding product safety and purity, which is fueling the need for new equipment internationally.

Top Companies involved are Thermo Fisher Scientific, Inc., Merck KGaA, Beckman Coulter, Inc., Danaher Corporation, Shimadzu Corporation, PerkinElmer, Inc. and Agilent Technologies.

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