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Middle East and Africa Laboratory Balances and Scales Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and End User

Middle East and Africa Laboratory Balances and Scales Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and End User

  • July 2021
  • 128 pages
  • ID: 6134337
  • Format: PDF
  • The Insight Partners

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The laboratory balances and scales market in MEA is expected to grow from US$ 44.05 million in 2021 to US$ 59.89 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.

Several countries in this region are emerging as attractive outsourcing locations for pharmaceuticals and biopharmaceuticals industries.Low manufacturing and operating costs in emerging economies are key factors attracting these manufacturing businesses toward the region.

Flourishing domestic pharmaceutical market in region and increasing number of pipeline drugs are further opening new avenues for the contract manufacturers as well as generic drug manufacturing in the region.Additionally, to meet the growing demand, many contract-based organizations are expanding their manufacturing capabilities.

Thus, this expansion of manufacturing facilities is expected to offer favorable environment for the growth of the laboratory balances and scales market during the forecast period across the region, which will ultimately drive the laboratory scales and balances market during the forecast period.

The laboratory balances segment led the MEA laboratory balances and scales market based on product in 2020.Laboratory balances are basically used to measure liquids, solids, tissues, and other biological components in clinical, research and environmental settings.

Some of the widely used laboratory balances includes micro and semi-micro balances, triple beam balance, and analytical balance.These balances are capable to measure the mass of substances in the sub-milligram range up to 3,200g.

Rising number of research and development activities in the field of pharmaceuticals and biotechnology are projected to contribute to the laboratory balances market during the forecast period. Furthermore, strong focus on implementation of food safety regulations are also likely to drive the segment growth.

Countries such as UAE, and Saudi Arabia have also registered a significant number of positive patients.These regions are developing in terms of the medical industry.

The countries in these regions are highly dependent on medical devices and biopharmaceuticals products.Therefore, countries have faced several challenges for their requirements.

Following COVID-19 and government actions, certain laboratory balance and scales applications, such as pharmaceuticals and detergents, are likely to see an increase in demand.The increase in medical research and diagnostics has been a major factor in the increase in laboratory balance and scales demand, as laboratory balance and scales are widely used in medicine and pharmaceutical engineering.

Some companies in the area are working with other businesses to consolidate all facilities under one roof for the convenience of the clients. DuBiotech, for example, is actively forming affiliations and partnerships with prestigious universities, specialist hospitals, global regulatory bodies, and other research parks to link the DuBiotech group with the global life sciences industry. DuBiotech includes a group of biotechnology, pharmaceutical, and research firms, including global leaders such as Pfizer, Amgen, Merck Serono, and Glaboratory balance and scales, in keeping with its philosophy of being the major life science centre in the Middle East. Many small and medium-sized enterprises are also involved in the city. Such initiatives will help the gain traction for the laboratory balance and scales market in near future.

The overall MEA laboratory balances and scales market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the MEA laboratory balances and scales market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA laboratory balances and scales market. A&D Company, Limited., Adam Equipment Ltd, BONSO Electronics International Inc., GRAM PRECISION, METTLER TOLEDO, OHAUS, Sartorius AG, and Scientech Inc. are among a few players operating in the MEA laboratory balances and scales market.

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