Laboratory Equipment Market Industry, Top Services by Thermo Fisher Scientific, Inc., Merck KGaA, Beckman Coulter, Inc., Danaher Corporation, Shimadzu Corporation, PerkinElmer

For instance, in March 2017, Echo—a San Diego-based company—unveiled the Revolve hybrid microscope, a digital, all-in-one microscope. The innovative microscope integrates the features of upright microscope and an inverted microscope. It is used primarily in clinical laboratories and by cancer and stem cell scientists to capture high resolution images and it also provides cloud storage to allow the remotely maintain, manage and backed up images taken by the microscope. The company received the US$ 7.5 million funding from two capital ventures, moreover the funding helps to increase the production of Revolve hybrid microscope.

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In October 2017, Beckman Coulter, Inc. introduced next generation, refrigerated, high-speed benchtop centrifuge-Avanti J-15 Series. It allows to improve operational efficiency and saves time by shortening workflows. These technology and product advancements helps to boost the laboratory equipment market in future.

Increasing chronic diseases such as chronic respiratory diseases, cardiovascular diseases and diabetes, and increasing incidence of lifestyle diseases such as heart disease, obesity, atherosclerosis and hereditary disease such as haemophilia, Down’s syndrome, cystic fibrosis and sickle cell anemia are leading to the increasing demand of laboratory equipment to bring innovative technologies in the market. According to World Health Organization (WHO), noncommunicable disease leads to cause 40 million deaths each year, which is equivalent to 70% of all deaths worldwide. Cardiovascular diseases account for most of NCD mortality (17.7 million) annually, followed by cancer (8.8 million), respiratory disease (3.9 million) and diabetes (1.6 million).

Some of the key players in the laboratory equipment market are Thermo Fisher Scientific, Inc., Merck KGaA, Beckman Coulter, Inc., Danaher Corporation, Shimadzu Corporation, PerkinElmer, Inc. and Agilent Technologies.

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Laboratory Equipment Market Taxonomy:

On the basis of equipment type, laboratory equipment market segmented into:

General instrument
Analytical instrument
Specialty instrument
On the basis of end user, laboratory equipment market segmented into:

Academic laboratory
Research laboratory
Pharmaceutical laboratory
Clinical and diagnostic laboratory

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