Global Market Size of Laboratory Equipment Services Market – 10 Year Market Forecast

Healthcare

Laboratory Equipment Services Market Size Forecast 2022-2029

 

Laboratory Equipment Services is estimated to have a market value of USD 16.29 Billion in the year 2022 and is expected to grow to USD 28.36 Billion by the year 2029, giving a CAGR of 8%. Increasing number of research activities in pharmaceutical and biotechnology industries and government research funding to support biomedical research activities could lead to growth in the market. However, high cost of service contracts and shift from lab-based diagnosis to home-based/POC testing couls hamper the growth of this market.

Frequently Asked Questions(FAQ)

• Who are the key players of this market?

• Agilent Technologies, Waters Corporation and Thermo Fisher Scientific INC., are some of the key players of this market.
• What is the estimated market value of this market in the year 2022?

• The estimated market value of this market in the year 2022 is USD 16.29 Billion.
• What is the estimated market value of this market in the year 2029?

• The estimated market value of this market in the year 2029 is USD 28.36 Billion.
• Who is the largest end user in this market?

• Pharmaceutical and Biotechnology is the largest end user in this market.
• What is Global Market Database?

• The Laboratory Equipment Services vertical is studied by Global Market Database to provide relevant market information to industry players.

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