Laboratory Equipment Services Market, By Equipment Type (Analytical Equipment, General Equipment, Specialty Equipment, Support Equipment),registering a CAGR of 12.4%

Laboratory equipment services basically encompass a wide range of services such as repair and maintenance, calibration, and validation that help labs run more efficiently, increase machine uptime, and improve testing and production results. Equipment servicing, user training, installation & modification, maintenance services, and equipment validation and calibration are just a few of the services available.

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Global Laboratory equipment services Market was valued at USD 10.86 billion in 2021 and is expected to reach USD 31.33 billion by 2029, registering a CAGR of 12.4% during the forecast period of 2022-2029. The "bacterial" accounts for the largest pathogen segment in the laboratory equipment services market within the forecasted period owing to the rise in the bacterial laboratory equipment services cases and the rising prevalence of HAIs. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Over the years, the pharmaceutical and biotechnology industries have grown rapidly due to the various ongoing research and development activities within these industries. With increasing number of research activities in pharmaceutical and biotechnology industries across the globe, the laboratory equipment services market is estimated to grow heavily. Moreover, the funding to support biomedical research activities by government authorities has helped the key players focus on research activities and indulge in collaboration and partnerships with other organizations. Consequently, these determinants will push the market to show expand immensely over the forecasted period.

Key Players Analysis

Some of the major players operating in the laboratory equipment services market are Agilent Technologies Inc., (U.S), Thermo Fisher Scientific. (U.S.), Waters Corporation (U.S), Abbott (U.S), Hettich Instruments (Germany), Merck KGaA (Germany), Shimadzu Corporation (Japan), Danaher (U.S), Siemens (Germany), Eppendorf Corporate (Germany), PerkinElmer, Inc. (U.S.), Pace Labs (U.S), Bio-Rad Laboratories, Inc. (U.S.), and B.D. (U.S.) among others.

Global Laboratory Equipment Services Market Scope

The laboratory equipment services market is segmented on the basis of equipment type, product, service type, service providers, contract type and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Equipment Type

Analytical Equipment

General Equipment

Specialty Equipment

Support Equipment

On the basis of equipment type, the laboratory equipment services market is segmented into analytical equipment, general equipment, specialty equipment and support equipment.

Product

Sonicators and Homogenizers

Incubators

Spectro photometers

Others

On the basis of product, the laboratory equipment services market is segmented into sonicators and homogenizers, incubators, spectro photometers and others.

Service Type

Repair and Maintenance Services

Calibration Services

Validation Services

Others

On the basis of service type, the laboratory equipment services market is segmented into repair and maintenance services, calibration services, validation services and others.

Service Providers

Original Equipment Manufacturers

Third-Party Service Providers

Others

On the basis of service providers, the laboratory equipment services market is segmented into original equipment manufacturers, third-party service providers and others.

Contract Type

Standard Service Contracts

Customized Service Contracts

On the basis of contract type, the laboratory equipment services market is segmented into standard service contracts and customized service contracts.

End-User

Pharmaceutical and Biotechnology Companies

Clinical and Diagnostic Laboratories

Academic and Research Institutions

On the basis of end-user, the laboratory equipment services market is bifurcated into pharmaceutical and biotechnology companies, clinical and diagnostic laboratories and academic and research institutions.

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