The global laboratory accessories market is expected to reach $504.7 million by 2020 from $327 million in 2014, growing at a CAGR of 7.5% during the forecast period. However, high capital expenditure required for laboratory automation, higher level of maintenance required as compared to manually operated machines, and lower flexibility in terms of products as compared to that of manual systems are some of the restraining factors that may hinder the growth of this market.
Complete report on Laboratory Accessories Market spread across 152 Pages, Profiling 12 Companies and Supported with 78 Tables and 41 Figures is now available at http://www.reportsnreports.com/reports/345391-lab-accessories-market-by-type-label-printer-pipette-tips-pumps-microplate-reagent-reservoir-valve-tubing-wash-station-end-user-oem-biotechnology-pharmaceutical-companies-hospital-private-labs-research-institute-global-forecast-to-2020.html
The dearth of qualified laboratory professionals(over 17% of laboratory professionals are set to retire in the next five years) and rising aging population have increased the demand for laboratory automation.The application of advanced technology in testing laboratories has gained importance as it ensures timely progress and efficiency with minimal errors. This has led to the adoption of lab automation in high-throughput screening, combinatorial chemistry, automated clinical and analytical testing, diagnostics, and large-scale bio repositories.
This Research Report has Following Premium
- Geographical Snapshot of the Global Laboratory Accessories Market, 2014
- Laboratory Accessories Market By Type
- Growth Potential of Laboratory Accessories Market
- Laboratory Accessories Market By End User
The wash stations products segment dominated the laboratory automation accessories market,and was valued at $91.6 million 2014. Geographically, the laboratory accessories market is dominated by North America, which accounted for the largest share—42%—of the market.This segment is expected to reach $196.8 million by 2020 from $137.3 million in 2014, growing at a CAGR of 6.2% from 2014 to 2020.
Interested in this New Research Study the Sample Copy of this research is Available Now
However, Asia is the fastest-growing region of the laboratory accessories market. This market is expected to grow at a CAGR of 11.8% during the forecast period. The growth of this market can be attributed to the governments of China, South Korea, and Singapore that significantly focus on the biotechnology industry.
Some of the prominent players in the global market include Roche Holding AG (Switzerland), Abbott Laboratories, Inc. (U.S.), Tecan Group Ltd. (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Beckton, Dickinson and Company (U.S.), Greiner Bio-One GmbH (Austria), Bio-Rad Laboratories, Inc. (U.S.) Hamilton Company (U.S.), Analytik Jena AG (Germany), Brooks Automation, Inc. (U.S.), and Corning Incorporated (U.S.).
Click now for more Details, Queries, Discount and Other Information on this study “Lab Accessories Market by Type (Label Printer/ Pipette tips/ Pumps/Microplate/Reagent Reservoir/Valve/Tubing/Wash Station) & End User (OEM/Biotechnology & Pharmaceutical Companies/Hospital/Private Labs/Research Institute) - Global Forecast to 2020” report @ http://www.reportsnreports.com/contacts/discount.aspx?name=345391
The global laboratory accessories market is highly competitive with the presence of many big and small firms. These companies adopt various strategies (innovation, acquisitions, and geographic expansions) to increase their market shares and to establish a strong foothold in the global market.
Explore more reports on Medical Devices at www.reportsnreports.com/market-research/medical-devices/ .
ReportsandReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets.
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013