Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.73 Billion | USD 34.07 Billion | 13.5% | 2024 |
FrequentlyAsked Questions
Laboratory equipment services refer to the maintenance, calibration, repair, and installation of lab instruments to ensure accurate and reliable performance. These services help extend equipment lifespan, maintain compliance with standards, and support smooth laboratory operations.
The global laboratory equipment services market is expected to grow due to increasing complexity and sophistication of laboratory equipment, the rising need for regulatory compliance, and the growing focus on maximizing equipment uptime and operational efficiency.
According to a study, the global laboratory equipment services market size was worth around USD 9.73 Billion in 2024 and is expected to reach USD 34.07 Billion by 2034.
The global laboratory equipment services market is expected to grow at a CAGR of 13.5% during the forecast period.
Asia Pacific is expected to dominate the laboratory equipment services market over the forecast period.
Leading players in the global laboratory equipment services market include Agilent Technologies (US), Thermo Fisher Scientific Inc. (US), Waters Corporation (US), Danaher Corporation (US), Siemens Heathineers (Germany), Eppendorf AG (Germany), PerkinElmer Inc (US), Pace Analytical Services Inc (US), Bio-Rad Laboratories Inc (US), Becton, Dickinson and Company (US), among others.
The report explores crucial aspects of the laboratory equipment services market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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