Global Laboratory Equipment Market Research Report 2018-2023
Bharat Book Bureau Provides the Trending Market Research Report on “Global Laboratory Equipment Market (2018-2023)” under Healthcare category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Global Laboratory Equipment Market is projected to expand at a compound annual growth rate (CAGR) of 8.0% during the 2018-2023 period, and will reach USD 84.4 Bn by 2023. Increasing life sciences research is responsible for a major part of the huge demand for laboratory equipment across the globe.
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Segmentation based on technologies
Based on technologies, the ‘other’ technologies segment had the highest market share (45.8%) in 2018, owing to a growing geriatric population, rapidly emerging diagnostics centers and hospitals, and technological advancements. Time-consuming operations and mechanical failure of equipment are major challenges faced by users. It is followed by the spectroscopy segment, with a market share of 21.3% in 2018. This is due to the increased demand for spectrometers in the life sciences sector for the analysis of drugs and biomolecules.
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