Technavio market research analysts foresee positive growth for many segments of the lab equipment industry in the next five years. In their recent findings, Technavio talks about three booming markets under the lab equipment industry that are anticipated to generate significant revenues and grow at a consistent rate during the forecast period.
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Global Lab Glassware and Plasticware Market 2017-2021
The global market for laboratory glassware and plasticware comprises of various products that can be segmented broadly based on the composition of a product such as glassware and plastic ware. The market will be highly influenced by the rise in the numbers of application-oriented end-users. Different products are designed for different application such as clinical uses and the research uses. Further, the technological advances in the pharmaceutical, life science, biotechnology and healthcare research industries will be gaining traction in the market. There is an increased awareness among the people encouraging them to take more proactive health measures and diagnostics tests. The augmented number of diagnostics tests and healthcare facilities is directly increasing the consumption of the lab glassware and plastic ware products. Request a sample report
Global Lab Oven and Freezer Market 2017-2021
With the increase in end-users such as hospitals, research, and testing laboratories, and diagnostic centers, there has been an increase in demand for laboratory ovens and freezers for various applications. Similarly, the use of laboratory freezers is increasing with the swelling need to store vaccines, blood, or blood samples for cryogenic freezing. The demand for laboratory freezers is expected to continue to grow, owing to the increasing number of blood, embryo, sperm, and eggs donors. As a result, the market witnessed a continuous introduction of products by vendors. Even small and medium scale vendors are enhancing their product offerings in terms of technology to meet the standards set by governing bodies and at the same time meet the fast-changing requirements of end-users. Request a sample report
Global Hot Plate Stirrer Market 2017-2021
There is a significant growth in the pharmaceutical industry that engages in research using several laboratory equipment, which includes hot plate stirrer to test and experiment a broad range of sterile solutions. With an improving environment for pharmaceutical industry in APAC, there is a high possibility that several pharmaceutical companies will shift their operational bases into the region to leverage low cost of manufacturing inputs such as labor and raw materials. Also, the steady growth in the chemical sector, which is one of the leading end-user segment of the market is likely to improve the growth prospects for hot plate stirrers globally. Further, the growing penetration of e-commerce has made these products more accessible to end-users and also helped in providing better support and services from the manufacturers and distributors. Request a sample report
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