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Laboratory Balances and Scales - Global Market Trajectory & Analytics

  • ID: 338887
  • Report
  • May 2020
  • Region: Global
  • 172 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Laboratory Balances and Scales market worldwide will grow by a projected US$216 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 2.4%. Pharma & Biotech, one of the segments analyzed and sized in this study, is forecast to grow at over 2.9% and reach a market size of US$471.9 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Pharma & Biotech market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 1.4% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$4.7 Million to the region's size over the next 7 to 8 years. In addition, over US$5.3 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Pharma & Biotech segment will reach a market size of US$20.3 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Laboratory Balances and Scales market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 5.1% over the next couple of years and add approximately US$75.2 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Laboratory Balances and Scales market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

A&D Company Ltd, Adam Equipment Co. Ltd, Avery Weigh-Tronix LLC, Bonso Electronics International Inc, CAS - USA Corp, Contech Instruments Ltd, Kern & Sohn GmbH, Mettler Toledo International Inc, OHAUS Corporation, Panomex Inc, RADWAG Balances and Scales, Sartorius AG, Scientech Inc, Setra Systems Inc, Shimadzu UK Limited

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Balances and Scales: Essential Equipment for Accurate & Reliable Lab Operations
Recent Market Activity
Bright Prospects Ahead for Laboratory Balances and Scales Market
Developed Regions: Primary Consumers of Laboratory Balances and Scales
Fast Paced Growth on the Cards in Developing Regions
Key Factors Influencing Demand for Laboratory Technologies in Developing Regions
A Growing Biotech Sector
Rising Healthcare Awareness
Increased Access to Healthcare
Proliferation of Medical Tourism
Global Competitor Market Shares
Laboratory Balances and Scales Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
A&D Company Ltd. (Japan)
Adam Equipment Co. Ltd. (UK)
Bonso Electronics International, Inc. (Hong Kong)
Contech Instruments Ltd. (India)
Gram Precision S.L (Spain)
Kern & Sohn GmbH (Germany)
Mettler Toledo International, Inc. (USA)
OHAUS Corporation (USA)
Panomex, Inc. (India)
RADWAG Balances and Scales (Poland)
Sartorius AG (Germany)
Scientech, Inc. (USA)
Setra Systems Inc. (USA)
Shimadzu UK Ltd. (UK)

3. MARKET TRENDS & DRIVERS
Pharmaceutical Industry: Largest End-User of Lab Balances & Scales
Increased Spending in Pharmaceutical R&D Sector - Opportunity for Lab Balances & Scales Market
Analytical Balance - A Vital Cog in Pharmaceutical Lab Operations
Pharmaceutical Compounding - High Significance of Precision Lab Balances
Revised Weighing Guidelines Aim at Reducing Unwarranted Testing
Food Industry: Rising Significance of Lab Balances for Regulatory Compliance & Food Safety
Forensic Laboratories - An Emerging & Promising Application Market for Lab Balances
Chemistry Labs Rely on Balances and Scales for Efficient Operations
Balances and Scales Remain Highly Relevant in Cosmetic Labs
Reliability, Durability & Precision - Key Factors Considered in Purchasing Decisions of Customers
Technological Advancements Causing Surge in Replacement Demand
Sales of New and Improved Models on Northbound Trajectory
Regular Maintenance & Calibration: Keys to an Effective Lab Balance
Calibration: An Often Overlooked but Vital Necessity
Uptrend in Academic Research Sector to Foster Demand for Laboratory Balances and Scales
High Significance of Lab Balances & Scales in Food Safety Testing
Software-Enabled Balances and Scales: High in Demand

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Laboratory Balances and Scales Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Laboratory Balances and Scales Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Laboratory Balances and Scales Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Pharma & Biotech (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 5: Pharma & Biotech (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 6: Pharma & Biotech (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Academia (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
TABLE 8: Academia (End-Use) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019
TABLE 9: Academia (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Food (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 11: Food (End-Use) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 12: Food (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Chemicals (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 14: Chemicals (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 15: Chemicals (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Other End-Uses (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 17: Other End-Uses (End-Use) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 18: Other End-Uses (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Laboratory Balances and Scales Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 19: United States Laboratory Balances and Scales Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
TABLE 20: Laboratory Balances and Scales Historic Demand Patterns in the United States by End-Use in US$ Thousand for 2012-2019
TABLE 21: Laboratory Balances and Scales Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
CANADA
TABLE 22: Canadian Laboratory Balances and Scales Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 23: Laboratory Balances and Scales Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2012-2019
TABLE 24: Canadian Laboratory Balances and Scales Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
JAPAN
TABLE 25: Japanese Demand Estimates and Forecasts for Laboratory Balances and Scales in US$ Thousand by End-Use: 2020 to 2027
TABLE 26: Japanese Laboratory Balances and Scales Market in US$ Thousand by End-Use: 2012-2019
TABLE 27: Laboratory Balances and Scales Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
CHINA
TABLE 28: Chinese Demand for Laboratory Balances and Scales in US$ Thousand by End-Use: 2020 to 2027
TABLE 29: Laboratory Balances and Scales Market Review in China in US$ Thousand by End-Use: 2012-2019
TABLE 30: Chinese Laboratory Balances and Scales Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Laboratory Balances and Scales Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
TABLE 31: European Laboratory Balances and Scales Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 32: Laboratory Balances and Scales Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 33: European Laboratory Balances and Scales Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European Laboratory Balances and Scales Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 35: Laboratory Balances and Scales Market in Europe: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2012-2019
TABLE 36: European Laboratory Balances and Scales Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
FRANCE
TABLE 37: Laboratory Balances and Scales Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
TABLE 38: French Laboratory Balances and Scales Historic Market Review in US$ Thousand by End-Use: 2012-2019
TABLE 39: French Laboratory Balances and Scales Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
GERMANY
TABLE 40: Laboratory Balances and Scales Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
TABLE 41: German Laboratory Balances and Scales Market in Retrospect in US$ Thousand by End-Use: 2012-2019
TABLE 42: Laboratory Balances and Scales Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
ITALY
TABLE 43: Italian Demand for Laboratory Balances and Scales in US$ Thousand by End-Use: 2020 to 2027
TABLE 44: Laboratory Balances and Scales Market Review in Italy in US$ Thousand by End-Use: 2012-2019
TABLE 45: Italian Laboratory Balances and Scales Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 46: United Kingdom Demand Estimates and Forecasts for Laboratory Balances and Scales in US$ Thousand by End-Use: 2020 to 2027
TABLE 47: United Kingdom Laboratory Balances and Scales Market in US$ Thousand by End-Use: 2012-2019
TABLE 48: Laboratory Balances and Scales Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
SPAIN
TABLE 49: Spanish Laboratory Balances and Scales Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 50: Laboratory Balances and Scales Market in Spain: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2012-2019
TABLE 51: Spanish Laboratory Balances and Scales Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
RUSSIA
TABLE 52: Russian Laboratory Balances and Scales Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
TABLE 53: Laboratory Balances and Scales Historic Demand Patterns in Russia by End-Use in US$ Thousand for 2012-2019
TABLE 54: Laboratory Balances and Scales Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 55: Rest of Europe Laboratory Balances and Scales Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 56: Laboratory Balances and Scales Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2012-2019
TABLE 57: Rest of Europe Laboratory Balances and Scales Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 58: Asia-Pacific Laboratory Balances and Scales Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 59: Laboratory Balances and Scales Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 60: Asia-Pacific Laboratory Balances and Scales Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 61: Laboratory Balances and Scales Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
TABLE 62: Asia-Pacific Laboratory Balances and Scales Historic Market Review in US$ Thousand by End-Use: 2012-2019
TABLE 63: Asia-Pacific Laboratory Balances and Scales Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
AUSTRALIA
TABLE 64: Laboratory Balances and Scales Market in Australia: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
TABLE 65: Australian Laboratory Balances and Scales Market in Retrospect in US$ Thousand by End-Use: 2012-2019
TABLE 66: Laboratory Balances and Scales Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027
INDIA
TABLE 67: Indian Laboratory Balances and Scales Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 68: Laboratory Balances and Scales Market in India: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2012-2019
TABLE 69: Indian Laboratory Balances and Scales Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SOUTH KOREA
TABLE 70: Laboratory Balances and Scales Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by End-Use for the Period 2020-2027
TABLE 71: South Korean Laboratory Balances and Scales Historic Market Analysis in US$ Thousand by End-Use: 2012-2019
TABLE 72: Laboratory Balances and Scales Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 73: Rest of Asia-Pacific Demand Estimates and Forecasts for Laboratory Balances and Scales in US$ Thousand by End-Use: 2020 to 2027
TABLE 74: Rest of Asia-Pacific Laboratory Balances and Scales Market in US$ Thousand by End-Use: 2012-2019
TABLE 75: Laboratory Balances and Scales Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 76: Latin American Laboratory Balances and Scales Market Trends by Region/Country in US$ Thousand: 2020-2027
TABLE 77: Laboratory Balances and Scales Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 78: Latin American Laboratory Balances and Scales Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 79: Latin American Demand for Laboratory Balances and Scales in US$ Thousand by End-Use: 2020 to 2027
TABLE 80: Laboratory Balances and Scales Market Review in Latin America in US$ Thousand by End-Use: 2012-2019
TABLE 81: Latin American Laboratory Balances and Scales Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
ARGENTINA
TABLE 82: Argentinean Laboratory Balances and Scales Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 83: Laboratory Balances and Scales Market in Argentina: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2012-2019
TABLE 84: Argentinean Laboratory Balances and Scales Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
BRAZIL
TABLE 85: Laboratory Balances and Scales Quantitative Demand Analysis in Brazil in US$ Thousand by End-Use: 2020-2027
TABLE 86: Brazilian Laboratory Balances and Scales Historic Market Review in US$ Thousand by End-Use: 2012-2019
TABLE 87: Brazilian Laboratory Balances and Scales Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
MEXICO
TABLE 88: Laboratory Balances and Scales Market in Mexico: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
TABLE 89: Mexican Laboratory Balances and Scales Market in Retrospect in US$ Thousand by End-Use: 2012-2019
TABLE 90: Laboratory Balances and Scales Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 91: Rest of Latin America Laboratory Balances and Scales Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
TABLE 92: Laboratory Balances and Scales Historic Demand Patterns in Rest of Latin America by End-Use in US$ Thousand for 2012-2019
TABLE 93: Laboratory Balances and Scales Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 94: The Middle East Laboratory Balances and Scales Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 95: Laboratory Balances and Scales Market in the Middle East by Region/Country in US$ Thousand: 2012-2019
TABLE 96: The Middle East Laboratory Balances and Scales Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 97: The Middle East Laboratory Balances and Scales Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 98: Laboratory Balances and Scales Market in the Middle East: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2012-2019
TABLE 99: The Middle East Laboratory Balances and Scales Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
IRAN
TABLE 100: Iranian Demand Estimates and Forecasts for Laboratory Balances and Scales in US$ Thousand by End-Use: 2020 to 2027
TABLE 101: Iranian Laboratory Balances and Scales Market in US$ Thousand by End-Use: 2012-2019
TABLE 102: Laboratory Balances and Scales Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027
ISRAEL
TABLE 103: Israeli Laboratory Balances and Scales Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 104: Laboratory Balances and Scales Market in Israel: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2012-2019
TABLE 105: Israeli Laboratory Balances and Scales Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 106: Saudi Arabian Demand for Laboratory Balances and Scales in US$ Thousand by End-Use: 2020 to 2027
TABLE 107: Laboratory Balances and Scales Market Review in Saudi Arabia in US$ Thousand by End-Use: 2012-2019
TABLE 108: Saudi Arabian Laboratory Balances and Scales Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED ARAB EMIRATES
TABLE 109: Laboratory Balances and Scales Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by End-Use for the Period 2020-2027
TABLE 110: United Arab Emirates Laboratory Balances and Scales Historic Market Analysis in US$ Thousand by End-Use: 2012-2019
TABLE 111: Laboratory Balances and Scales Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 112: Laboratory Balances and Scales Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
TABLE 113: Rest of Middle East Laboratory Balances and Scales Market in Retrospect in US$ Thousand by End-Use: 2012-2019
TABLE 114: Laboratory Balances and Scales Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027
AFRICA
TABLE 115: African Laboratory Balances and Scales Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
TABLE 116: Laboratory Balances and Scales Historic Demand Patterns in Africa by End-Use in US$ Thousand for 2012-2019
TABLE 117: Laboratory Balances and Scales Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 25
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