General Laboratory Equipment Market Opportunities and Forecasts 2031

Apr 12, 2023

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Global General Laboratory Equipment Market: Overview

The development of the global general laboratory equipment market is anticipated to be influenced by increased research activities in biotechnological and pharmaceutical industries. In addition, rising need for timely and effective diagnosis of various diseases along with increased research funding by governments is anticipated to pave well for rapid development of the global general laboratory equipment market over the analysis timeframe, from 2020 to 2030. There have been a shift to home based/POC testing from lab-based diagnosis and high cost of such services are likely to act as constraints for the expansion of this market.

Automated general laboratory equipment find wide utilization in the pharmaceutical companies and these equipments are assisting them in overcoming excessive burden of work. In addition, these equipments are also helping in adhering to strict and complicated regulatory requirements as laid out by authorities, such European Medicines Agency (EMA) and the US-based Food and Drug Administration (FDA). Nanotechnology and miniaturization together have played important roles in point-of-care testing and enabled making of portable equipment. These equipments, such as miniaturized centrifuges offered by Corning, Thermo Fisher Scientific, and Bio-Rad Laboratories are estimated to add to the growth of the global general laboratory equipment market in the near future.

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This study titled "global general laboratory equipment market" contains a detailed outline of the important market segments, namely product, end user, and regional markets. It also makes an inclusion of the analysis of the competition prevailing in the global general laboratory equipment market over the assessment tenure, from 2020 to 2030.

Global General Laboratory Equipment Market: Key Trends

The rising demand for research laboratories and quality testing in several manufacturing industries, such as pharmaceutical, cosmetic, and food and beverage is anticipated to trigger expansion of the global general laboratory equipment market over the forecast timeline, from 2020 to 2030. Laboratories are rapidly adopting quality products that come with high-throughput capabilities to accurately perform quick routine quality-testing tasks. Such tasks comprise quantitative tests, bio-burdening tests, and microbial growth tests.

Presence of several strict regulatory requirements pertaining to product purity and safety, companies and industrial set ups are constantly making upgradations of their quality testing laboratories along with latest laboratory systems and equipment, which is anticipated to foster growth of the global general laboratory equipment market in the forthcoming years.

The rising demand for portable and miniaturized general laboratory equipment has increased manifold to efficiently accommodate and save shelf space while placing such equipment within confined laboratory spaces. The market participants are reworking on their already industry proven designs and making them more effective, hassle-free, and compact utilizing miniaturization technologies. Integrated printed circuit boards (PCBs) and fluidics are some of the miniaturization technologies. Advancement made in enhanced wireless connectivity and sensors have further assisted in making such equipment independent of cables and wires. Riding on the back of such technological development, the global general laboratory equipment market is anticipated to observe considerable growth over the assessment timeframe, from 2020 to 2030.

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Global General Laboratory Equipment Market: Competitive Assessment

The increasing focus of market vendors on product advancement, quality enhancements, and innovations aimed at breakthrough performance and sustainability of their equipment is triggering entry of new products in the market.

Some of the well-known players in the global general laboratory equipment market are listed below:

Global General Laboratory Equipment Market: Regional Assessment

In the global general laboratory equipment market, North America is likely to come up as one the leading regions. Driven by the US, the market in North America is anticipated to observe considerable growth over the forecast period. The regional growth is ascribed to the increased focus on research and development.

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