Laboratory Equipment Services Market - Global Industry Analysis
Laboratory Equipment Services Market By Equipment Type (Analytical Equipment, General Equipment, Specialty Equipment, Support Equipment), By Type (Repair and Maintenance, Calibration, Validation, Other Services), By Service Providers (OEMs, Third-party Service Providers, Other Service Providers), By Contract Type (Standard Service Contract, Customized Service Contract), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028
The global laboratory equipment services market was worth around USD 13275.10 million in 2021 and is estimated to grow to about USD 27491.70 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.9 percent over the forecast period.
Description
Industry Prospective:
The global laboratory equipment services market was worth around USD 13275.10 million in 2021 and is estimated to grow to about USD 27491.70 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.9 percent over the forecast period. The report analyzes the Laboratory Equipment Services market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Laboratory Equipment Services market.
Laboratory Equipment Services Market: Overview
Laboratory equipment services are anticipated to see an increase in demand over the forecast period as the focus on healthcare bolsters and there is an increase in research and development activities across the world. The increasing spending on healthcare research activity will spawn demand for Laboratory Equipment Services over the forecast period.
The increasing prevalence of chronic diseases has bolstered the demand for effective diagnostic and treatment services, and this is also expected to boost demand for Laboratory Equipment Services over the forecast period. Rising focus on healthcare, increasing healthcare expenditure, and spending are other factors that will influence Laboratory Equipment Services market growth through 2028.
However, high service costs are expected to be a major restraining factor for the Laboratory Equipment Services market growth in the long run. The shift from lab-based diagnosis to home-based/POC testing is also anticipated to hamper the market potential.
COVID-19 Impact:
The COVID-19 pandemic restricted the Laboratory Equipment Services market potential in 2020 and the trend was prevalent in early 2021 as well as the world grappled to control the coronavirus pandemic on a global scale. Drop in research activities majorly hampered the Laboratory Equipment Services market growth and restrained the market in these adverse times.
The shift in focus from other healthcare research prospects to focus on coronavirus also led to a drop in the Laboratory Equipment Services market growth curve.
The Laboratory Equipment Services market growth is expected to rise at a stellar pace over the forecast period, owing to rising research and increasing adoption of new treatments in the healthcare industries. Rising government support will also favor the Laboratory Equipment Services market potential.
Laboratory Equipment Services Market: Growth Drivers
Rising Research Activity to Boost Laboratory Equipment Services Market Growth
Focus on healthcare has bolstered across the world and this has increased research and development activity, which is majorly driving the Laboratory Equipment Services marketplace. The rising prevalence of chronic diseases and rising demand for diagnosis and treatment are other factors that will be influencing the Laboratory Equipment Services market growth over the forecast period.
Laboratory Equipment Services Market: Restraints
High Cost of Service to Restrict Market Growth
Laboratory Equipment Services are costlier now that advanced technologies are being integrated to increase productivity and efficiency. Increasing costs of laboratory equipment are expected to hamper the global Laboratory Equipment Services market growth over the forecast period. This factor is anticipated to have a major adverse impact on the Laboratory Equipment Services market potential in the developing region.
Global Laboratory Equipment Services Market: Segmentation
The global Laboratory Equipment Services market is segregated based on equipment type, type, service providers, contract type, and region.
By Product Type, the market is divided into Analytical Equipment, General Equipment, Specialty Equipment, and Support Equipment. The analytical equipment segment is expected to hold a dominant outlook over the forecast period in the global Laboratory Equipment Services marketplace. The high cost of this sensitive equipment and rising demand are expected to be prominent trends driving Laboratory Equipment Services market potential through 2028.
By contract type, the Laboratory Equipment Services market is segmented into Standard Service Contract and Customized Service Contract. The standard service contract segment is expected to have a bright outlook over the forecast period.
Report Scope:
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2021 - 2028 |
| Segments Covered | By Product Type, By Application, and By End Use |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Recent Developments
- In 2018 – Agilent an analytical instrumentation manufacturing organization announced the opening of its new logistics hub in Shanghai that is aimed at increasing the speed of delivery for its products in China.
Regional Landscape
Asia Pacific region leads the global Laboratory Equipment Services market in terms of growth and is estimated to rise at the fastest CAGR through 2028. Increasing focus on healthcare is anticipated to further foster demand for research and development activities and subsequently drive the Laboratory Equipment Services market potential over the forecast period. India and China are expected to be the most prominent markets in this region through 2028
The market for Laboratory Equipment Services in North America is expected to hold a dominant outlook over the forecast period. Owing to the presence of key pharmaceutical and biotechnology companies and increasing focus on research in the healthcare sector in this region is expected to further bolster the demand for Laboratory Equipment Services in this region through 2028. The United States is expected to be a highly lucrative market for Laboratory Equipment Services over the forecast period in this region.
Competitive Landscape
Some of the main competitors dominating the global Laboratory Equipment Services market include - Agilent Technologies (US), Thermo Fisher Scientific Inc. (US), Waters Corporation (US), Danaher Corporation (US), and Siemens Heathineers (Germany), Eppendorf AG (Germany), PerkinElmer, Inc. (US), Pace Analytical Services, Inc. (US), Bio-Rad Laboratories, Inc. (US), and Becton, Dickinson, and Company (US).
Global Laboratory Equipment Services market is segmented as follows:
By Equipment Type
- Analytical Equipment
- General Equipment
- Specialty Equipment
- Support Equipment
By Type
- Repair and Maintenance
- Calibration
- Validation
- Other Services
By Service Providers
- OEMs
- Third-party Service Providers
- Other Service Providers
By Contract Type
- Standard Service Contract
- Customized Service Contract
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Laboratory Equipment Services Market, (2022 - 2028) (USD Million)
- 2.2 Global Laboratory Equipment Services Market : snapshot
- Chapter 3. Global Laboratory Equipment Services Market - Industry Analysis
- 3.1 Laboratory Equipment Services Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising Research Activity to Boost Laboratory Equipment Services Market Growth
- 3.3 Market Restraints
- 3.3.1. High Cost of Service to Restrict Market Growth
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Equipment Type
- 3.7.2 Market attractiveness analysis By Type
- 3.7.3 Market attractiveness analysis By Service Providers
- 3.7.4 Market attractiveness analysis By Contract Type
- Chapter 4. Global Laboratory Equipment Services Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Laboratory Equipment Services Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Laboratory Equipment Services Market - Equipment Type Analysis
- 5.1 Global Laboratory Equipment Services Market overview: By Equipment Type
- 5.1.1 Global Laboratory Equipment Services Market share, By Equipment Type, 2021 and 2028
- 5.2 Analytical Equipment
- 5.2.1 Global Laboratory Equipment Services Market by Analytical Equipment, 2022 - 2028 (USD Million)
- 5.3 General Equipment
- 5.3.1 Global Laboratory Equipment Services Market by General Equipment, 2022 - 2028 (USD Million)
- 5.4 Specialty Equipment
- 5.4.1 Global Laboratory Equipment Services Market by Specialty Equipment, 2022 - 2028 (USD Million)
- 5.5 Support Equipment
- 5.5.1 Global Laboratory Equipment Services Market by Support Equipment, 2022 - 2028 (USD Million)
- 5.1 Global Laboratory Equipment Services Market overview: By Equipment Type
- Chapter 6. Global Laboratory Equipment Services Market - Type Analysis
- 6.1 Global Laboratory Equipment Services Market overview: By Type
- 6.1.1 Global Laboratory Equipment Services Market share, By Type, 2021 and 2028
- 6.2 Repair and Maintenance
- 6.2.1 Global Laboratory Equipment Services Market by Repair and Maintenance, 2022 - 2028 (USD Million)
- 6.3 Calibration
- 6.3.1 Global Laboratory Equipment Services Market by Calibration, 2022 - 2028 (USD Million)
- 6.4 Validation
- 6.4.1 Global Laboratory Equipment Services Market by Validation, 2022 - 2028 (USD Million)
- 6.5 Other Services
- 6.5.1 Global Laboratory Equipment Services Market by Other Services, 2022 - 2028 (USD Million)
- 6.1 Global Laboratory Equipment Services Market overview: By Type
- Chapter 7. Global Laboratory Equipment Services Market - Service Providers Analysis
- 7.1 Global Laboratory Equipment Services Market overview: By Service Providers
- 7.1.1 Global Laboratory Equipment Services Market share, By Service Providers, 2021 and 2028
- 7.2 OEMs
- 7.2.1 Global Laboratory Equipment Services Market by OEMs, 2022 - 2028 (USD Million)
- 7.3 Third-party Service Providers
- 7.3.1 Global Laboratory Equipment Services Market by Third-party Service Providers, 2022 - 2028 (USD Million)
- 7.4 Other Service Providers
- 7.4.1 Global Laboratory Equipment Services Market by Other Service Providers, 2022 - 2028 (USD Million)
- 7.1 Global Laboratory Equipment Services Market overview: By Service Providers
- Chapter 8. Global Laboratory Equipment Services Market - Contract Type Analysis
- 8.1 Global Laboratory Equipment Services Market overview: By Contract Type
- 8.1.1 Global Laboratory Equipment Services Market share, By Contract Type, 2021 and 2028
- 8.2 Standard Service Contract
- 8.2.1 Global Laboratory Equipment Services Market by Standard Service Contract, 2022 - 2028 (USD Million)
- 8.3 Customized Service Contract
- 8.3.1 Global Laboratory Equipment Services Market by Customized Service Contract, 2022 - 2028 (USD Million)
- 8.1 Global Laboratory Equipment Services Market overview: By Contract Type
- Chapter 9. Laboratory Equipment Services Market - Regional Analysis
- 9.1 Global Laboratory Equipment Services Market Regional Overview
- 9.2 Global Laboratory Equipment Services Market Share, by Region, 2021 & 2028 (USD Million)
- 9.3. North America
- 9.3.1 North America Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.3.1.1 North America Laboratory Equipment Services Market, by Country, 2022 - 2028 (USD Million)
- 9.3.1 North America Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.4 North America Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028
- 9.4.1 North America Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028 (USD Million)
- 9.5 North America Laboratory Equipment Services Market, by Type, 2022 - 2028
- 9.5.1 North America Laboratory Equipment Services Market, by Type, 2022 - 2028 (USD Million)
- 9.6 North America Laboratory Equipment Services Market, by Service Providers, 2022 - 2028
- 9.6.1 North America Laboratory Equipment Services Market, by Service Providers, 2022 - 2028 (USD Million)
- 9.7 North America Laboratory Equipment Services Market, by Contract Type, 2022 - 2028
- 9.7.1 North America Laboratory Equipment Services Market, by Contract Type, 2022 - 2028 (USD Million)
- 9.4. Europe
- 9.4.2 Europe Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.4.2.1 Europe Laboratory Equipment Services Market, by Country, 2022 - 2028 (USD Million)
- 9.4.2 Europe Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.4 Europe Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028
- 9.4.1 Europe Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028 (USD Million)
- 9.5 Europe Laboratory Equipment Services Market, by Type, 2022 - 2028
- 9.5.1 Europe Laboratory Equipment Services Market, by Type, 2022 - 2028 (USD Million)
- 9.6 Europe Laboratory Equipment Services Market, by Service Providers, 2022 - 2028
- 9.6.1 Europe Laboratory Equipment Services Market, by Service Providers, 2022 - 2028 (USD Million)
- 9.7 Europe Laboratory Equipment Services Market, by Contract Type, 2022 - 2028
- 9.7.1 Europe Laboratory Equipment Services Market, by Contract Type, 2022 - 2028 (USD Million)
- 9.5. Asia Pacific
- 9.5.3 Asia Pacific Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.5.3.1 Asia Pacific Laboratory Equipment Services Market, by Country, 2022 - 2028 (USD Million)
- 9.5.3 Asia Pacific Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.4 Asia Pacific Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028
- 9.4.1 Asia Pacific Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028 (USD Million)
- 9.5 Asia Pacific Laboratory Equipment Services Market, by Type, 2022 - 2028
- 9.5.1 Asia Pacific Laboratory Equipment Services Market, by Type, 2022 - 2028 (USD Million)
- 9.6 Asia Pacific Laboratory Equipment Services Market, by Service Providers, 2022 - 2028
- 9.6.1 Asia Pacific Laboratory Equipment Services Market, by Service Providers, 2022 - 2028 (USD Million)
- 9.7 Asia Pacific Laboratory Equipment Services Market, by Contract Type, 2022 - 2028
- 9.7.1 Asia Pacific Laboratory Equipment Services Market, by Contract Type, 2022 - 2028 (USD Million)
- 9.6. Latin America
- 9.6.4 Latin America Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.6.4.1 Latin America Laboratory Equipment Services Market, by Country, 2022 - 2028 (USD Million)
- 9.6.4 Latin America Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.4 Latin America Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028
- 9.4.1 Latin America Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028 (USD Million)
- 9.5 Latin America Laboratory Equipment Services Market, by Type, 2022 - 2028
- 9.5.1 Latin America Laboratory Equipment Services Market, by Type, 2022 - 2028 (USD Million)
- 9.6 Latin America Laboratory Equipment Services Market, by Service Providers, 2022 - 2028
- 9.6.1 Latin America Laboratory Equipment Services Market, by Service Providers, 2022 - 2028 (USD Million)
- 9.7 Latin America Laboratory Equipment Services Market, by Contract Type, 2022 - 2028
- 9.7.1 Latin America Laboratory Equipment Services Market, by Contract Type, 2022 - 2028 (USD Million)
- 9.7. The Middle-East and Africa
- 9.7.5 The Middle-East and Africa Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.7.5.1 The Middle-East and Africa Laboratory Equipment Services Market, by Country, 2022 - 2028 (USD Million)
- 9.7.5 The Middle-East and Africa Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 9.4 The Middle-East and Africa Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028
- 9.4.1 The Middle-East and Africa Laboratory Equipment Services Market, by Equipment Type, 2022 - 2028 (USD Million)
- 9.5 The Middle-East and Africa Laboratory Equipment Services Market, by Type, 2022 - 2028
- 9.5.1 The Middle-East and Africa Laboratory Equipment Services Market, by Type, 2022 - 2028 (USD Million)
- 9.6 The Middle-East and Africa Laboratory Equipment Services Market, by Service Providers, 2022 - 2028
- 9.6.1 The Middle-East and Africa Laboratory Equipment Services Market, by Service Providers, 2022 - 2028 (USD Million)
- 9.7 The Middle-East and Africa Laboratory Equipment Services Market, by Contract Type, 2022 - 2028
- 9.7.1 The Middle-East and Africa Laboratory Equipment Services Market, by Contract Type, 2022 - 2028 (USD Million)
- Chapter 10. Company Profiles
- 10.1 Agilent Technologies (US)
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Thermo Fisher Scientific Inc. (US)
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Waters Corporation (US)
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Danaher Corporation (US)
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Siemens Heathineers (Germany)
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Eppendorf AG (Germany)
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 PerkinElmer Inc. (US)
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Pace Analytical Services Inc. (US)
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Bio-Rad Laboratories Inc. (US)
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Becton
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Dickinson
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Company (US).
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.1 Agilent Technologies (US)
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 4. Porter’s Five Forces Analysis
- 5. Global Laboratory Equipment Services Market attractiveness, By Equipment Type
- 6. Global Laboratory Equipment Services Market attractiveness, By Type
- 7. Global Laboratory Equipment Services Market attractiveness, By Service Providers
- 8. Global Laboratory Equipment Services Market attractiveness, By Contract Type
- 9. Global Laboratory Equipment Services Market share by Equipment Type, 2022 and 2028 (USD Million)
- 10. Global Laboratory Equipment Services Market by Analytical Equipment, 2022 - 2028 (USD Million)
- 11. Global Laboratory Equipment Services Market by General Equipment, 2022 - 2028 (USD Million)
- 12. Global Laboratory Equipment Services Market by Specialty Equipment, 2022 - 2028 (USD Million)
- 13. Global Laboratory Equipment Services Market by Support Equipment, 2022 - 2028 (USD Million)
- 14. Global Laboratory Equipment Services Market share by Type, 2022 and 2028 (USD Million)
- 15. Global Laboratory Equipment Services Market by Repair and Maintenance, 2022 - 2028 (USD Million)
- 16. Global Laboratory Equipment Services Market by Calibration, 2022 - 2028 (USD Million)
- 17. Global Laboratory Equipment Services Market by Validation, 2022 - 2028 (USD Million)
- 18. Global Laboratory Equipment Services Market by Other Services, 2022 - 2028 (USD Million)
- 19. Global Laboratory Equipment Services Market share by Service Providers, 2022 and 2028 (USD Million)
- 20. Global Laboratory Equipment Services Market by OEMs, 2022 - 2028 (USD Million)
- 21. Global Laboratory Equipment Services Market by Third-party Service Providers, 2022 - 2028 (USD Million)
- 22. Global Laboratory Equipment Services Market by Other Service Providers, 2022 - 2028 (USD Million)
- 23. Global Laboratory Equipment Services Market share by Contract Type, 2022 and 2028 (USD Million)
- 24. Global Laboratory Equipment Services Market by Standard Service Contract, 2022 - 2028 (USD Million)
- 25. Global Laboratory Equipment Services Market by Customized Service Contract, 2022 - 2028 (USD Million)
- 26. Global Laboratory Equipment Services Market share, by Region, 2022 and 2028
- 27. North America Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 28. Europe Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 29. Asia Pacific Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 30. Latin America Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
- 31. The Middle-East and Africa Laboratory Equipment Services Market, 2022 - 2028 (USD Million)
Table Of Tables
- 1. Global Laboratory Equipment Services Market: Snapshot
- 2. Drivers of the Laboratory Equipment Services Market: impact analysis
- 3. North America Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 4. North America Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 5. North America Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 6. North America Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 7. U.S. Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 8. U.S. Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 9. U.S. Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 10. U.S. Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 11. Canada Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 12. Canada Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 13. Canada Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 14. Canada Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 15. Europe Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 16. Europe Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 17. Europe Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 18. Europe Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 19. Germany Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 20. Germany Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 21. Germany Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 22. Germany Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 23. France Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 24. France Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 25. France Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 26. France Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 27. U.K. Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 28. U.K. Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 29. U.K. Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 30. U.K. Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 31. Italy Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 32. Italy Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 33. Italy Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 34. Italy Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 35. Spain Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 36. Spain Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 37. Spain Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 38. Spain Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 39. Rest of Europe Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 40. Rest of Europe Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 41. Rest of Europe Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 42. Rest of Europe Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 43. Asia Pacific Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 44. Asia Pacific Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 45. Asia Pacific Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 46. Asia Pacific Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 47. China Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 48. China Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 49. China Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 50. China Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 51. Japan Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 52. Japan Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 53. Japan Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 54. Japan Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 55. India Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 56. India Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 57. India Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 58. India Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 59. South Korea Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 60. South Korea Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 61. South Korea Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 62. South Korea Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 63. South-East Asia Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 64. South-East Asia Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 65. South-East Asia Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 66. South-East Asia Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 67. Rest of Asia Pacific Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 68. Rest of Asia Pacific Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 69. Rest of Asia Pacific Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 70. Rest of Asia Pacific Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 71. Latin America Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 72. Latin America Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 73. Latin America Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 74. Latin America Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 75. Brazil Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 76. Brazil Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 77. Brazil Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 78. Brazil Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 79. Mexico Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 80. Mexico Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 81. Mexico Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 82. Mexico Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 83. Rest of Latin America Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 84. Rest of Latin America Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 85. Rest of Latin America Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 86. Rest of Latin America Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 87. The Middle-East and Africa Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 88. The Middle-East and Africa Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 89. The Middle-East and Africa Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 90. The Middle-East and Africa Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 91. GCC Countries Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 92. GCC Countries Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 93. GCC Countries Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 94. GCC Countries Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 95. South Africa Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 96. South Africa Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 97. South Africa Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 98. South Africa Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
- 99. Rest of Middle-East Africa Laboratory Equipment Services Market revenue, By Equipment Type, 2022 - 2028 (USD Million)
- 100. Rest of Middle-East Africa Laboratory Equipment Services Market revenue, By Type, 2022 - 2028 (USD Million)
- 101. Rest of Middle-East Africa Laboratory Equipment Services Market revenue, By Service Providers, 2022 - 2028 (USD Million)
- 102. Rest of Middle-East Africa Laboratory Equipment Services Market revenue, By Contract Type, 2022 - 2028 (USD Million)
Methodology
Free Analysis
Laboratory equipment services provide different types of equipment and apparatus that are vital for the study & research in the pharmaceutical and biological industry. Furthermore, laboratory equipment services have their applications in commercial sectors and industrial services. Growing research in pharmaceutical and biological industry, the global laboratory equipment services market is anticipated to touch new heights of growth in the upcoming years.
As per the World Health Organization, cardiovascular diseases are one of the causes of death worldwide. About 17.5 million people died because of cardiovascular disease in 2015 representing 31% of all global deaths. Additionally, as per the World Health Organization estimates, worldwide, there were 14 million new cancer cases recorded in 2012 and 8.8 million deaths resulted due to cancer in 2015. Globally, approximately 1 in 6 deaths is because of cancer. Also, the global burden of these disorders is increasing owing to the increasing geriatric population base across the world. According to the World Health Organization, the number of people who are aged 60 or above are expected to be doubled by 2050 and will reach 2.1 billion in 2050 from 962 million globally. Thus, laboratory equipment services market has vast potential in terms of large patient pool and upsurge need for analysis. This is estimated to drive the laboratory equipment services market services in the estimated period.
The global laboratory equipment services market is divided into its service types, equipment, service contract, service provider, and end-user. On the basis of the service types, the market is divided into validation, repair & maintenance, calibration, and other services.
Based on equipment, the laboratory equipment services market is categorized into general equipment, support equipment, specialty equipment, analytical equipment, and others.
By service contract, laboratory equipment services market is bifurcated into customized and standardized.
Based on the service provider, the laboratory equipment services market is categorized into original equipment manufacturers, third-party service agencies, and others.
On the basis of the end-user, the laboratory equipment services market is segregated as academic institutes, clinical & diagnostic laboratories, pharmaceutical & biotechnology companies, and others.
North America is anticipated to be the dominant region in the laboratory equipment services market over the forecast period. Favorable government policies supporting the invasion of new and advanced services, development in the healthcare infrastructure, and research grant by the government and ruling authorities are expected to propel the growth of the market in this region. Europe is the second largest market followed by the Asia Pacific. Large healthcare industry due to the large population base in the Asia Pacific region, especially India, China, and Japan is the significant accelerating factor for the growth of the laboratory equipment services market in this region. Therefore, Asia Pacific is anticipated to show the fastest CAGR growth during the forecast period whereas Latin America market is estimated to grow at a slow to moderate rate during the forecast period. The Middle East and Africa are also expected to hold a limited market value share in the laboratory equipment services market.
Some of the key players in laboratory equipment services market include Thermo Fisher Scientific Inc., Waters Corporation, Agilent Technologies, Danaher Corporation, LP, Merck Millipore, Pace Analytical Services, Inc., Hettich Instruments, Mindray Medical International Limited, Eppendorf AG, and others.
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FrequentlyAsked Questions
Increasing focus on healthcare and rising research and development activity are some major trends that guide Laboratory Equipment Services market growth.
According to the Market Research report, the global Laboratory Equipment Services market was worth about US$ 13275.10 million in 2021 and is predicted to grow to around US$ 27491.70 million by 2028, with a compound annual growth rate (CAGR) of around 12.9 percent.
Asia Pacific region leads the global Laboratory Equipment Services market in terms of growth and is estimated to rise at the fastest CAGR through 2028. Increasing focus on healthcare is anticipated to further foster demand
Some of the main competitors dominating the global Laboratory Equipment Services market include -- Agilent Technologies (US), Thermo Fisher Scientific Inc. (US), Waters Corporation (US), Danaher Corporation (US), and Siemens Heathineers (Germany), Eppendorf AG (Germany), PerkinElmer, Inc. (US), Pace Analytical Services, Inc. (US), Bio-Rad Laboratories, Inc. (US), and Becton, Dickinson and Company (US).
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