Global Laboratory Equipment Services Market is Estimated at a Record USD 29,222.5 Million by the End of 2030 | Infinium Global Research

Infinium Global Research, a prominent market research firm, has recently published a comprehensive report on the Global Laboratory Equipment Services Market. This report presents an extensive analysis of segments and sub-segments, shedding light on the driving forces, restraints, and macro indicators influencing both global and regional landscapes. According to the report, the global laboratory equipment services market is poised to experience a remarkable Compound Annual Growth Rate (CAGR) of 11.45% during the forecast period of 2023-2030.

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Driving Forces Steering Market Growth: The rising demand for cutting-edge spectroscopy and chromatography instruments in the pharmaceutical and biotechnology sectors serves as a primary catalyst for the burgeoning laboratory equipment services market. The imperative need for efficient medical diagnostics and the escalation in clinical trials for drug development further propel the demand for comprehensive laboratory equipment services. Moreover, increased investments from both established corporations and governmental organizations stimulate research activities, fostering the growth of laboratory equipment services.

Dominant Geographical Trends: North America stands as the frontrunner in the global laboratory equipment services market, fueled by a surge in clinical trials and expansive research and development initiatives in the biotech industry. Notably, the U.S. witnesses substantial investments from technology and pharmaceutical giants like Celgene Corporation, Merck & Co., Inc., Johnson & Johnson, Pfizer Inc., and Bristol-Myers Squibb Company, further propelling the laboratory equipment services market in the region.

Meanwhile, Asia Pacific emerges as the fastest-growing region, driven by the booming pharmaceutical industry and robust government support for research institutions and laboratories, particularly in countries such as India and China.

Market Segmentation and Industry Overview: The report categorizes the laboratory equipment services market into regions encompassing North America, Europe, Asia Pacific, and RoW. Laboratory equipment services providers offer custom design, calibration, installation, and maintenance services, catering to diverse industries including government institutions, research laboratories, environmental safety sectors, food & beverage testing, chemicals, and petrochemicals industries.

The laboratory equipment services market plays a pivotal role in supporting research and development activities by providing innovative technologies, comprehensive services, and unmatched technical support. This, in turn, contributes significantly to the growth of R&D companies, encouraging private-sector investments and stimulating economic growth.

Challenges and Emerging Opportunities: While the laboratory equipment services market continues to thrive, challenges such as high service contract costs and the lack of public and private investments in certain regions pose restraints. However, the integration of cloud technology into laboratory equipment offers promising avenues for growth. Automation and cloud integration enhance time efficiency for technicians and improve data accessibility, aligning with the burgeoning trend of advanced laboratory processes.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Laboratory Equipment Services Market Highlights

2.2. Laboratory Equipment Services Market Projection

2.3. Laboratory Equipment Services Market Regional Highlights

Chapter 3. Global Laboratory Equipment Services Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Equipment Type

3.4.2. IGR-Growth Matrix Analysis by Service Type

3.4.3. IGR-Growth Matrix Analysis by Service Providers

3.4.4. IGR-Growth Matrix Analysis by End User

3.4.5. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Laboratory Equipment Services Market

Chapter 4. Laboratory Equipment Services Market Macro Indicator Analysis

Chapter 5. Global Laboratory Equipment Services Market by Equipment Type

5.1. Support Equipment

5.2. Analytical Equipment

5.3. Specialty Equipment

5.4. General Equipment

Chapter 6. Global Laboratory Equipment Services Market by Service Type

6.1. Installation

6.2. Validation

6.3. Repair & Maintenance

Chapter 7. Global Laboratory Equipment Services Market by Service Providers

7.1. Original Equipment Manufacturers

7.2. Third Party Suppliers

7.3. Others

Chapter 8. Global Laboratory Equipment Services Market by End User

8.1. Pharmaceutical & Biotechnology Industries

8.2. Academic Institutes

8.3. Research Institutions

8.4. Clinical & Diagnostic Laboratories

Chapter 9. Global Laboratory Equipment Services Market by Region 2023-2030

9.1. North America

9.1.1. North America Laboratory Equipment Services Market by Equipment Type

9.1.2. North America Laboratory Equipment Services Market by Service Type

9.1.3. North America Laboratory Equipment Services Market by Service Providers

9.1.4. North America Laboratory Equipment Services Market by End User

9.1.5. North America Laboratory Equipment Services Market by Country

9.2. Europe

9.2.1. Europe Laboratory Equipment Services Market by Equipment Type

9.2.2. Europe Laboratory Equipment Services Market by Service Type

9.2.3. Europe Laboratory Equipment Services Market by Service Providers

9.2.4. Europe Laboratory Equipment Services Market by End User

9.2.5. Europe Laboratory Equipment Services Market by Country

9.3. Asia-Pacific

9.3.1. Asia-Pacific Laboratory Equipment Services Market by Equipment Type

9.3.2. Asia-Pacific Laboratory Equipment Services Market by Service Type

9.3.3. Asia-Pacific Laboratory Equipment Services Market by Service Providers

9.3.4. Asia-Pacific Laboratory Equipment Services Market by End User

9.3.5. Asia-Pacific Laboratory Equipment Services Market by Country

9.4. RoW

9.4.1. RoW Laboratory Equipment Services Market by Equipment Type

9.4.2. RoW Laboratory Equipment Services Market by Service Type

9.4.3. RoW Laboratory Equipment Services Market by Service Providers

9.4.4. RoW Laboratory Equipment Services Market by End User

9.4.5. RoW Laboratory Equipment Services Market by Sub-region

Chapter 10. Company Profiles and Competitive Landscape

10.1.Competitive Landscape in the Global Laboratory Equipment Services Market

10.2.Companies Profiles

10.2.1. Agilent Technologies

10.2.2. Waters Corporation

10.2.3. Mindray Medical International Limited

10.2.4. Eppendorf AG

10.2.5. Perkinelmer, Inc.

10.2.6. Merck Millipore

10.2.7. Thermo Fisher Scientific Inc.

10.2.8. Hettich Instruments, LP

10.2.9. LTE Scientific

10.2.10. Danaher Corporation

Chapter 11. Appendix

11.1.Primary Research Findings and Questionnaire

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of laboratory equipment services.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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