A recent report published by Infinium Global Research on laboratory balance and scales market provides an in-depth analysis of segments and sub-segments in the global as well as regional laboratory balance and scales market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional laboratory balance and scales market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global laboratory balance and scales market. According to the report, the global laboratory balance and scales market are projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.
Laboratory balance and scales are used to accurately measure the amount of the sample/products. In the pharmaceutical and biotechnology industries standardization of products and the exact composition amount of samples is very important, which is accomplished by laboratory balances and scales. Rapidly growing industrialization and stringent regulations are affecting the rapid adoption of laboratory balance and scales.
Growing pharmaceutical and biotech industries is one of the major factors fuelling the growth of the market. The rate of development of pharma and healthcare industries has almost doubled in the last decade that in turn has boosted the demand for laboratory balance and scales. Moreover, stringent regulation by regulatory bodies such as WHO and FDA for product safety made it mandatory to use high standards of laboratory balance and scales that in turn is boosting the growth of the market. On the other hand, the high cost associated with the balance and scale and their routine maintenance can hamper the growth of the market. However, the growing industrial needs will provide a better opportunity for the laboratory balance and scales market in the forecast period.
Based on the region, the laboratory balance and scales market is categorized into North America, Europe, Asia-Pacific, and RoW. North America holds the highest share of the market and expected to keep its dominance in the forecast period. The presence of major healthcare industries and increasing use of laboratory balance and scales in academic and research institute is fuelling the growth of the market in this region. The market in Europe expected to grow at a significant rate in the forecast period. Growing healthcare industries and research activities contributing to the growth of the market. The market in the Asia Pacific is estimated to grow with a high CAGR in the forecast period. The growing healthcare industry and rising funding for research and development institutes are contributing to the growth of the market.
The report on global laboratory balance and scales market covers segments such as product type, and end user. On the basis of product type, the sub-markets include bench scales, compact scales, counting scales, and other scales. On the basis of end user, the sub-markets include research and academic institutes, pharmaceutical industry, cosmeceutical industry, and biotechnology industry.
The report provides profiles of the companies in the market such as A&D Company, Ltd., Adam Equipment, Ltd., Avery Weigh-Tronix LLC, Bonso Electronics International, Inc., Danaher Corporation, Essae Group, Humboldt Mfg. Co., Kern & Sohn GmbH, Mettler Toledo International, Inc., Sartorius AG, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of laboratory balance and scales market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.