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Global Laboratory Equipment Services Market (2023-2028) by Equipment Type, Type, Contract, Service Provider, End-User, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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  • 183 Pages
  • January 2023
  • Region: Global
  • Infogence Global Research
  • ID: 5544107
The Global Laboratory Equipment Services Market is estimated to be USD 17.99 Bn in 2023 and is expected to reach USD 34.95 Bn by 2028, growing at a CAGR of 14.2%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.

Market Segmentations

The Global Laboratory Equipment Services Market is segmented based on Equipment Type, Type, Contract, Service Provider, End-User, and Geography.
  • By Equipment Type, the market is classified into Analytical Equipment, General Equipment, Specialty Equipment, and Support Equipment.
  • By Type, the market is classified into Repair and Maintenance Services, Calibration Services, Validation Services, and Others.
  • By Contract, the market is classified into Standard Service Contracts and Customized Service Contracts.
  • By Service Provider, the market is classified into Original Equipment Manufacturers and Third-Party Service Providers.
  • By End-User, the market is classified into Pharmaceutical & Biotechnology Companies, Clinical & Diagnostic Laboratories, and Academic & Research Institutions.
  • By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Thermo Fisher Scientific, Waters Corp., Danaher, PerkinElmer, Pace Analytical Services, Bio-Rad Laboratories, Siemens, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Laboratory Equipment Services Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Laboratory Equipment Services Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Laboratory Equipment Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report..
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Laboratory Equipment Services Market

What is the estimated value of the Global Laboratory Equipment Services Market?

The Global Laboratory Equipment Services Market was estimated to be valued at $18 Billion in 2023.

What is the growth rate of the Global Laboratory Equipment Services Market?

The growth rate of the Global Laboratory Equipment Services Market is 14.2%, with an estimated value of $34.96 Billion by 2028.

What is the forecasted size of the Global Laboratory Equipment Services Market?

The Global Laboratory Equipment Services Market is estimated to be worth $34.96 Billion by 2028.

Who are the key companies in the Global Laboratory Equipment Services Market?

Key companies in the Global Laboratory Equipment Services Market include Abbott Laboratories, Agilent Technologies, Inc., AIC Lab Equipments Pvt. Ltd., Avantor, Inc., Becton, Dickinson Co., Bionics Scientific Technologies Pvt. Ltd, Bio, Rad Laboratories, C&M Scientific and Eppendorf Ag.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook

4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Research and Development in Pharmaceutical Industry
4.1.2 Rising Number of Chronic Diseases and Need of Diagnosis
4.1.3 Growing Investment and Government Funding to Support Biomedical Research Activities
4.2 Restraints
4.2.1 High Cost of Service Contracts
4.2.2 Increasing Shift Towards Home Based Testing
4.3 Opportunities
4.3.1 Advancement in the Laboratory Equipment
4.3.2 Growth in Asset Management Companies
4.4 Challenges
4.4.1 Limited Scope for Innovation

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTEL Analysis
5.4 SWOT Analysis
5.5 Impact of Covid-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis

6 Global Laboratory Equipment Services Market, By Equipment Type
6.1 Introduction
6.2 Analytical Equipment
6.3 General Equipment
6.4 Specialty Equipment
6.5 Support Equipment

7 Global Laboratory Equipment Services Market, By Type
7.1 Introduction
7.2 Repair and Maintenance Services
7.3 Calibration Services
7.4 Validation Services
7.5 Others

8 Global Laboratory Equipment Services Market, By Contract
8.1 Introduction
8.2 Standard Service Contracts
8.3 Customized Service Contracts

9 Global Laboratory Equipment Services Market, By Service Provider
9.1 Introduction
9.2 Original Equipment Manufacturers
9.3 Third-Party Service Providers

10 Global Laboratory Equipment Services Market, By End- User
10.1 Introduction
10.2 Pharmaceutical & Biotechnology Companies
10.3 Clinical & Diagnostic Laboratories
10.4 Academic & Research Institutions

11 Americas' Laboratory Equipment Services Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas

12 Europe's Laboratory Equipment Services Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe

13 Middle East and Africa's Laboratory Equipment Services Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA

14 APAC's Laboratory Equipment Services Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific

15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements

16 Company Profiles
16.1 Abbott Laboratories
16.2 Agilent Technologies, Inc.
16.3 AIC Lab Equipments Pvt. Ltd.
16.4 Avantor, Inc.
16.5 Becton, Dickinson Co.
16.6 Bionics Scientific Technologies Pvt. Ltd
16.7 Bio-Rad Laboratories
16.8 C&M Scientific
16.9 Eppendorf Ag
16.10 Full Spectrum Group, LLC
16.11 Hettich Instruments
16.12 Hitachi High-Technologies
16.13 Labochema
16.14 Labx Media
16.15 Merck GmbH
16.16 Nordic Service Group
16.17 Pace Analytical Services, LLC
16.18 PerkinElmer, Inc.
16.19 Shimadzu
16.20 Siemens Healthineers
16.21 Thermo Fisher Scientific
16.22 Waters Corp.

17 Appendix
17.1 Questionnaire

Companies Mentioned

  • Abbott Laboratories
  • Agilent Technologies, Inc.
  • AIC Lab Equipments Pvt. Ltd.
  • Avantor, Inc.
  • Becton, Dickinson Co.
  • Bionics Scientific Technologies Pvt. Ltd
  • Bio-Rad Laboratories
  • C&M Scientific
  • Eppendorf Ag
  • Full Spectrum Group, LLC
  • Hettich Instruments
  • Hitachi High-Technologies
  • Labochema
  • Labx Media
  • Merck GmbH
  • Nordic Service Group
  • Pace Analytical Services, LLC
  • PerkinElmer, Inc.
  • Shimadzu
  • Siemens Healthineers
  • Thermo Fisher Scientific
  • Waters Corp.