Press release
Pharmaceutical Lab Equipment Market Witness an Outstanding Growth and Strong Revenue by 2027 | GE Healthcare, Pace Analytical, Agilent Technologies
The global Pharmaceutical Lab Equipment market is expected to reach US$ 12.2 Billion by 2027, with a CAGR of 5.4% from 2021 to 2027. The increasing number of research activities in the pharmaceutical and biotechnology industries, the growing need for effective and timely disease diagnosis, and rising investments and government research funding to support biomedical research activities are all driving growth in the laboratory equipment service market. However, the move from lab-based diagnosis to home-based/POC testing, as well as the high cost of service contracts, are limiting the market's growth.In 2020, North America is expected to dominate the market. The APAC area, on the other hand, is predicted to have the greatest CAGR during the forecast period. The increased presence of significant market participants in emerging nations such as India and China, as well as an increasing number of CROs and life science R&D activities, are some of the important drivers driving the industry's growth in the Asia Pacific region.
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Top Key Players Included in Pharmaceutical Lab Equipment Market Report: GE Healthcare, Pace Analytical, Agilent Technologies, Danaher, Thermo Fisher Scientific, Waters, Millipore, Bruker, Shimadzu, Eppendorf, Perkin Elmer, Telstar, Brand GmbH
Because of the lockdowns imposed in the majority of countries, the COVID-19 pandemic appears to have impacted product demand in the Pharmaceutical Lab Equipment industry in recent months. Since the epidemic, these lockdowns have resulted in a temporary halt in output. Several countries faced curfew-like situations in which businesses were not authorised to operate except for vital services, reducing demand for Pharmaceutical Lab Equipment.
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Pharmaceutical Lab Equipment Market segment by Type:
Pretreatment Type
Reaction Type
Analysis & Test Type
Others
Pharmaceutical Lab Equipment Market segment by Application:
Research Institutions
Pharmaceutical Factory
The Pharmaceutical Lab Equipment market study looks at the industry in terms of countries and regions, type and application, and main market participants. The market is divided into many regions, including Latin America, North America, Europe, Asia Pacific, and Africa. These variables are then further split into the nations that comprise the major geographical regions.
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4. What are the market opportunities and threats faced by the vendors in the Pharmaceutical Lab Equipment market?
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