Global Laboratory Equipment Market Outlook 2018-2023

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Global Laboratory Equipment Market (2018-2023) Bharat Book Bureau Provides the Trending Market Research Report on “Global Laboratory Equipment Market (2018-2023)” under Healthcare category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Global Laboratory Equipment Market is projected to expand at a compound annual growth rate (CAGR) of 8.0% during the 2018-2023 period, and will reach USD 84.4 Bn by 2023. Increasing life sciences research is responsible for a major part of the huge demand for laboratory equipment across the globe. The market is segmented based on technologies like spectroscopy, chromatography, flow cytometry, next-generation sequencing, etc. Increase in incidence of chronic diseases such as diabetes and respiratory ailments, and the higher demand for timely and early detection of diseases will aid the growth of the market in the near future. Request a free sample copy of Laboratory Equipment Market Report @ https://www.bharatbook.com/marketreports/sample/reports/1602450

Segmentation based on technologies Based on technologies, the ‘other’ technologies segment had the highest market share (45.8%) in 2018, owing to a growing geriatric population, rapidly emerging diagnostics centers and hospitals, and technological advancements. Time-consuming operations and mechanical failure of equipment are major challenges faced by users. It is followed by the spectroscopy segment, with a market share of 21.3% in 2018. This is due to the increased demand for spectrometers in the life sciences sector for the analysis of drugs and biomolecules.


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