Global Lab Accessories Market Overview:
Lab accessories play a significant role in laboratories in order to offer reliable, precise, and rapid outcomes. Hospitals and research institutes are focusing on their testing laboratory automation. Thus, it will save time as well as cost; hence, they are used in diagnostics, combinatorial chemistry, screening, large-scale bio-repositories, and analytical testing. Lab accessories are user-friendly and thus, they can be used at clinics, ambulance, hospitals, and homes. Rapid technological advancements and increased demand for lab automation are the major factors driving the growth of the market. According to AMA, the Global Lab Accessories market is expected to see growth rate of 7.9%
- Increased Demand for Lab Automation
- Growth in Productivity and Reduction in Costs
- Extensive Disease Outbreaks
- Automation over Manual Works Reduces the Error
- Increasing In Number of Hospitals
- Large-Scale Disease Outbreaks
- Rapid Technological Advancements
- Lack of Preparation for Technology Development
- Lack of Planning for Technology Development
- Automation Not A Priority for Small and Medium-Sized Laboratories
- Aging Population Leading to an Increase in the Number of Diagnostic Tests Performed in Laboratories
- Automation in Cancer Research for Early Cancer Detection
- Rising Number of Hospitals in Asia Pacific Regions
- Survival for Emerging Players
Some of the key players profiled in the report are ThermoFisher Scientific, Inc. (United States), Bio-Rad Laboratories, Inc. (United States), Becton Dickinson (United States), Biotix, Inc. (United States), Endress+Hauser AG (Switzerland), VISTALAB TECHNOLOGIES, INC. (United States), Brooks Automation, Inc. (United States), Corning Inc. (United States), Hamilton Company (United States) and PARKER HANNIFIN CORP. (United States). Additionally, following companies can also be profiled that are part of our coverage like IWAKI CO., LTD. (Japan), Heidolph Instruments GmbH & Co.KG (Germany), Qiagen N.V. (Netherlands), HNP Mikrosysteme GmbH (Germany), Gilson, Inc. (United States) and Charles Austen Pumps Ltd. (United Kingdom). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Lab Accessories market by 2024. Considering Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Lab Accessories market.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Lab Accessories market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Lab Accessories market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Lab Accessories Manufacturers, Lab Accessories Raw Material Suppliers, Lab Accessories Traders/Distributor’s, Lab Accessories Importer/Exporter, Regulatory Bodies, Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.