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General Laboratory Equipment: Global Markets

General Laboratory Equipment: Global Markets

  • November 2015
  • 254 pages
  • ID: 1351946
  • Format: PDF
  • By BCC Research

Summary

Table of Contents

This BCC Research report presents an in-depth analysis of the labware market by products, materials and end users. This report includes general laboratory equipment ranging from beakers to lab storage containers used in pharmaceutical and biotechnology, clinical and diagnostic, and forensic laboratories. Includes forecast through 2020.

Use this report to:

- Analyze the global labware market and its segments in regard to products, end users and
materials.
-Identify opportunities and major factors driving or inhibiting growth of the global labware
market and its subsegments.
-Track and analyze recent developments, alliances, joint ventures, mergers and acquisitions, and patents of the market players in the industry.
-Identify major stakeholders, product portfolios and recent developments, and to draw a competitive landscape for market leaders.

Highlights

The global market for general labware was valued at nearly $4.9 billion in 2014. This market is expected to reach $5.4 billion in 2015 and $9.4 billion by 2020, with a compound annual growth rate (CAGR) of 11.7% from 2015 to 2020.
The North American market for general labware is expected to increase from $1.8 billion in 2015 to $3 billion by 2020, with a CAGR of 10.4% from 2015 to 2020.
The Asian market for general labware is expected to increase from $1.4 billion in 2015 to $2.8 billion in 2020, with a CAGR of 15% from 2015 to 2020.

STUDY AND OBJECTIVE<:b>

The purpose of this study and its objectives are as follows:
To define the global market for labware, to identify the market structure and discuss market trends.
To measure and forecast the global labware market and its segments in regard to products, end users and materials.
To identify opportunities and major factors driving or inhibiting growth of the global labware market and its subsegments.
To identify the trends, gaps and opportunities in each of the micromarkets.
To analyze trends and forecasts of the main market and its segments.
To provide an in-depth study of market growth by geography analyzing trends and opportunities in major regions:
North America.
Europe.
Asia.
Rest of the world (ROW).

To identify major stakeholders, product portfolios and recent developments, from which to draw a competitive landscape for the market leaders.
To track and analyze recent developments, alliances, joint ventures, mergers and acquisitions, and patents of the market players in the industry.

STUDY BACKGROUND

The lab equipment market is extremely complex given the number and nature of market players involved in it. Market players in this segment range anywhere from electronic players to glassware players and huge multinationals to small regional players. This greatly fragments the market, leaving fertile ground for mergers and
acquisitions. A recent example includes the Corning acquisition of the majority of BD’s (Becton Dickinson) Discovery Labware business (valued at $720 million) in Nov. 2012.

Amid intense competition, general labware market players are also facing significant challenges, as the scope of innovations in this segment is comparatively limited.

However, the market is in great need of higher-quality equipment as well as timesaving and autoprecision mechanisms. Miniaturization and automation have been successfully welcomed in the general labware market.

The market is extremely sensitive to changes in end-user segments. For example, pharmaceuticals (which is the
major revenue-contributing segment) is focusing on cutting costs and enhancing productivity. This is leading manufacturing to outsource to developing economies.

China, to date the largest market in Asia for lab equipment, is one of the fastest-growing markets in the world (growing at nearly 20% per annum). A high level of dynamism, complex market characteristics and opportunities in new markets are all compelling market players to stay abreast with market information to enhance their
market presence.

Although the laboratory glassware and plasticware market witnessed sluggish growth from 2008 through 2009, the growth in this market was retained in 2010. With this growth, the market is expected to reach approximately $6 billion by the end of 2017.
Availability of cheaper plasticware and its flexibility to mold to a desired shape is increasing the adoption levels of plasticware in a lab setting in comparison to glass.

The buyers in all segments of labware are in need of new designs to enhance convenience. This report details market trends, gap analysis and market intelligence with respect to product segment.

SCOPE OF THE REPORT

This research report presents an in-depth analysis of the labware market by products, materials and end users. This report includes general laboratory equipment ranging from beakers to lab storage containers used in pharmaceutical and biotechnology, clinical and diagnostic, and forensic laboratories. This report will discuss manufacturers and suppliers based on their product portfolios, recent developments and core strategies adopted to enhance their market segment in the general labware market.
The in-depth patent analysis in this report will focus on providing extensive technological trends spanning years and geographies such as the U.S., Europe and Japan.

The labware market addressed in this report has been analyzed for the four main global areas of North America, Europe, Asia and ROW.

This report excludes other laboratory equipment such as robotics, controlled environment and personnel protection, cleaning and purification (labware cleaning methods are included) and thermal conditioning. The application of general labware in other industrial segments such as food safety, manufacturing and process industries, safety and security, material sciences, etc. are excluded from the scope of the study.

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