Press release
Laboratory Data Loggers Market: Global Industry Size, Share, Growth, Forecast
Laboratory Data Loggers Market: Overview
A data logger is an electronic device that records data over time or based on the location with the help of inbuilt instrument or sensors. Data loggers are widely used in agriculture, weather forecast, automobile industry, and laboratories. Laboratory data loggers are the devices that are used in clinical laboratories to monitor various parameters such as time, temperature, pressure and humidity. Laboratory data loggers are also referred data recorder or data loggers.
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Laboratory Data Loggers Market: Growth Enablers
Demand for laboratory data loggers is swiftly increasing owing to its advantages such as small size, portability, microprocessor equipped and battery power. In addition, data loggers also provide advantages such as internal memory storage, personal computer interface, software and sensors enabling. Therefore, rising demand is fueling the growth of the global laboratory loggers market. Furthermore, rising number of clinical and research laboratories is propelling the growth of the global laboratory loggers market. While on the other hand, high cost, requirement of calibration of sensor for accurate recording, and loss of data on logger breakage or malfunction are some of the disadvantages that are restraining growth of the global laboratory loggers market.
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Laboratory Data Loggers Market: Region-wise Insight
Geographically, the global laboratory loggers market is segmented as North America, Europe, Asia Pacific and Rest of the World (RoW). North America comprises community laboratory loggers market for the U.S and Canada. Europe comprises cumulative market of laboratory loggers in Germany, Italy, France, Spain, and Rest of Europe (RoE). Asia Pacific comprises cumulative market of laboratory loggers in China, India, Australia, New Zealand and rest of Asia Pacific (RoAPAC). Rest of the World (RoW) comprises laboratory loggers market in Latin America, Middle East and Russia.
Presently, Europe and North America are leading the global laboratory loggers market. Factors such as presence of large number of advanced clinical and research laboratories, advanced research infrastructure, and skilled laboratory personnel are driving the laboratory loggers market in North America and Europe. Countries in Asia Pacific are anticipated to show swift growth during the forecast period. China, Japan, India, and South Korea are the major countries in Asia Pacific which are growing speedily owing to rapidly developing medical tourism industry in these countries.
As a result, number of clinical laboratories is increasing leading to accentuate the demand for laboratory data loggers. Moreover, Argentina, Mexico and Brazil are the countries in Rest of the World (RoW) region that are expected to show faster growth in this region.
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Laboratory Data Loggers Market: Key Players
Some of the top players operating in the global laboratory loggers market include MadgeTech, Inc., Thermo Fisher Scientific Inc., Testo India Pvt. Ltd., and Campbell Scientific Inc.
Based on the type, the global laboratory loggers market is segmented as follows:
Data Logger Systems
Wireless Data Loggers
Temperature Data Loggers
Pressure Data Loggers
Humidity Data Loggers
Pulse/Event/State Data Loggers
Motion Data Loggers
LCD Display Data Loggers
Shock Data Loggers
Current/Voltage Data Loggers
Wind Data Loggers
Water Level Data Loggers
Bridge-Strain Data Loggers
pH Data Loggers
Carbon Dioxide Data Loggers
Others
Based on the type of accessories, the global laboratory loggers market is segmented as follows:
Data Logger Batteries
Current Switches/Transducers
Interface Cables
Probes
Enclosures
Weather
Mounting Kits
O-Rings
Wireless
Others
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
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