London, 09 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global General Laboratory Equipment Market 2014-2018.
General laboratory equipment, used to carry out technological research and experiments are also used in various end-user segments like pharmaceutical, academic, industrial, government and healthcare sectors. This equipment includes laboratory instruments, chemical reagents, chemicals, kits and consumables. The Global General Laboratory Equipment Market is expected to grow at a CAGR of 11.60 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on the growing need for automation and auto-precision devices, as consumers worldwide are looking for high-quality, time-saving and auto-precision devices. Furthermore, the report highlights the adoption of e-commerce practices, as with the growing penetration of internet, there has been an increase in the trend of online shopping.
“Customer preference is shifting away from store or catalog purchasing to online shopping. E-commerce websites are preferred by many consumers because they are time-saving, information-rich and fast. It allows small companies to merge with established companies online. Thus, vendors in this market are exploring the e-commerce platform to reach a wide range of consumers, which is expected to boost the market growth during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Need for Automation and Auto-precision Devices
- For a full detailed list, view our report.
Market Challenges:
- Cost-cutting Pressure
- For a full detailed list, view our report.
Market Trends:
- Adoption of E-commerce Practices
- For a full detailed list, view our report.
Key Vendors:
- Bellco Glass Inc.
- Brand GmbH
- Thermo Fisher Scientific Inc.
- VITLAB GmbH
Other Prominent Vendors:
- APS Labware
- Belart
- Chemglass
- Citotest Labware Manufacturing
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