2021 Laboratory Equipment Services Market By Region, End User, By Service Providers and By Types

The laboratory equipment service market is projected to grow at a CAGR 12.67% rate from 2021 to 2026. 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.

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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.

Few Points from Table of Contents :
Market Dynamics
Drivers
Increasing Research Activity in the Pharmaceutical and Biotechnology Industries
Growing Need for Timely and Effective Diagnosis of Diseases
Growing Investment and Government Funding to Support Biomedical Research Activities
Challenges
Shift From Lab-Based Diagnosis to Home-Based/Poc Testing
High Cost of Service Contracts
Limited Scope for Innovation
Opportunities
Increasing Demand for Laboratory Automation
Growth in Asset Management Companies
Executive Summary
Laboratory Equipment Services Market, By Equipment Type
Analytical Equipment
General Equipment
Speciality Equipment
Support Equipment
Laboratory Equipment Services Market, By Type
Repair and Maintenance Services
Calibration Services
Validation services
Other services
Laboratory Equipment Services Market, By Service Providers
Standard Service Contracts
Customized Service Contracts
Laboratory Equipment Services Market, By End User
Pharmaceutical & Biotechnology Companies
Academic & Research Institutions
Clinical & Diagnostic Laboratories
Laboratory Equipment Services Market, By Region

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