Laboratory Equipment Services Market Forecast (2024-2031), Size
The Laboratory Equipment Services Market is expected to register a CAGR of 12.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Equipment Type ( Analytical Equipment, General Equipment, Specialty Equipment, Support Equipment ). The report further presents analysis based on the Service Type ( Repair and Maintenance Services, Calibration Services, Validation Services, Other ). The report is segmented by Service Providers ( Original Equipment Manufacturers, Third-Party Service Providers, Other Service Providers ). The report further presents analysis based on the Contract Type ( Standard Service Contracts, Customized Service Contracts ).The report is segmented by End User ( Pharmaceutical and Biotechnology Companies, Clinical and Diagnostic Laboratories, Academic and Research Institutions ). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Laboratory Equipment Services Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Laboratory Equipment Services Market Segmentation
Equipment Type- Analytical Equipment
- General Equipment
- Specialty Equipment
- Support Equipment
- Repair and Maintenance Services
- Calibration Services
- Validation Services
- Other
- Original Equipment Manufacturers
- Third-Party Service Providers
- Other Service Providers
- Standard Service Contracts
- Customized Service Contracts
- Standard Service Contracts
- Customized Service Contracts
Strategic Insights
Laboratory Equipment Services Market Growth Drivers- Growing Demand for Efficient and Dependable Testing: The increased significance of effective and dependable testing in a range of industries including but not limited to pharmaceutical, biotechnology, food safety and even environmental analysis has caused a rise in the use of laboratory equipment services. As laboratories play an integral role in quality assurance, and research and development, it becomes imperative to maintain and service the equipment to avoid any compromising results on the testing. There’s also an increasing demand for their routine calibration, validation, preventive maintenance, and repair, which in turn stimulates market development.
- Evolution of Laboratory Equipment: With the coming up of new laboratory devices for instance, automated machines, complex analyzers, and fully integrated laboratory systems, the demand for maintenance and support services has also risen. Maintenance of such equipment includes specialist technicians and service contracts which increases the market scope. Digital and automated laboratory solutions are on the rise, which in turn calls for specialist repair and calibration services.
- Growing Acceptance of Outsourcing Services: With more emphasis on performance and a reduction in operational costs, it is common nowadays to find laboratories washing their hands off the maintenance and repair of equipment and have these services provided by experts off site. This allows laboratories to devote more time to their core activities like research and testing and also ensures equipment is in good working order. Outsourcing services allow the provision of services that are more flexible and less expensive to small scale laboratories that do not have many resources internally.
- Construction of labs and lab-supporting systems: The recent developing trend of integrating the Internet of Things and remote monitoring into laboratory equipment is a significant factor changing the laboratory equipment services market. The internet enabled devices are able to perform the tasks by tracking the performance index which sends out an alert on maintenance request. Remote diagnostics and troubleshooting capabilities enhance the ability of service providers to provide support faster and in a more improved manner which reduces the downtime of the equipment and increases its useful life. Due to this, the supply of these solutions for monitoring services is on the rise through the inclusion of laboratory services contracts.
- Preventive and Predictive Maintenance: The models of preventive maintenance and predictive maintenance are gaining ground in the laboratory equipment services. Proactive maintenance schemes are being developed for laboratories instead of depending on corrective repairs. Predictive maintenance is preemptive in its approach to probable breakdowns due to interchanges of vast data understanding, machine learning and predictive algorithms. This development trend and development strategy brings about reduction of risks in unplanned equipment out of service time and maximization of hardware and software operational life in research laboratories.
- Customization and Flexible Service Contracts: Laboratories are looking for service agreements that meet their specific needs. That is, as the laboratory instruments are becoming more complex; it is no longer possible to create arbitrary service agreements. Providers are now developing these maintenance strategies based on the type of equipment available and more so the operations of that particular lab. These flexible service contracts often contain elements of preventative maintenance, emergency repairs and other activities such as training which leads to a better operation of the service system.
- The biotechnology and pharmaceutical industries are on the rise: the biotechnology and pharmaceutical industries are booming due to the increasing need in the market for new medicines, vaccines, and targeted therapy. This growth presents a great chance for service providers in maintenance of laboratory instruments, as these industries are characterized with extensive use of elaborate laboratory instruments for research, testing and manufacturing. Although these services require closer understanding of the industries, services such as calibration, validation and doing equipment upgrades also present a clear opportunity to the service providers in these industries.
- Integration in Lab Management Software Solutions: A different venture that holds promise is the inclusion of laboratory equipment service provision with laboratory management software. Including service management, scheduling and service tracking components in lab information management systems (LIMS) makes it possible for service providers to provide an all: encompassing package to laboratory managers. As a result, maintenance processes are enhanced, service history management improves, and regulatory adherence is accomplished leading to a rise in effective functioning of the labs.
- Deepening offered service to include training and consultancy: There has been an increased sophistication of scientific tools in laboratories and as such the demand for training of the users of the tools has increased. Service providers can seize the opportunity of providing training and consulting services to the laboratory workers on effective operating of equipment and enhancing safety as well as adhering to regulatory requirements. By offering training in addition to the regular maintenance services, the providers can be viewed as crucial components for the sustainable growth of the laboratory operations.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Laboratory Equipment Services Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Laboratory Equipment Services Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
General Equipment segment, by equipment type, dominated the market in 2023.
Players operating in the market are Agilent Technologies, Waters Corporation, Thermo Fisher Scientific Inc, PerkinElmer Inc., Danaher Corporation, Eppendorf, Pace Analytical Services Inc., Becton Dickinson and Company, Bio-Rad Laboratories Inc, Siemens Healthineers
North America region dominated the Laboratory Equipment Services market in 2023.
Deepening offered service to include training and consultancy act as a opportunity for growth of the market in forecast period.
The Laboratory Equipment Services Market is estimated to witness a CAGR of 12.8% from 202#to 2031
The major factors driving the Laboratory Equipment Services market are:
1. Growing Demand for Efficient and Dependable Testing
2. Evolution of Laboratory Equipment
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Laboratory Equipment Services - By Equipment Type
1.3.2 Laboratory Equipment Services - By Service Type
1.3.3 Laboratory Equipment Services - By Service Providers
1.3.4 Laboratory Equipment Services - By Contract Type
1.3.5 Laboratory Equipment Services - By End User
1.3.6 Laboratory Equipment Services - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LABORATORY EQUIPMENT SERVICES LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LABORATORY EQUIPMENT SERVICES - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LABORATORY EQUIPMENT SERVICES - GLOBAL MARKET ANALYSIS
6.1. LABORATORY EQUIPMENT SERVICES - GLOBAL MARKET OVERVIEW
6.2. LABORATORY EQUIPMENT SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LABORATORY EQUIPMENT SERVICES - REVENUE AND FORECASTS TO 2028 - EQUIPMENT TYPE
7.1. OVERVIEW
7.2. EQUIPMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ANALYTICAL EQUIPMENT
7.3.1. Overview
7.3.2. Analytical Equipment Market Forecast and Analysis
7.4. GENERAL EQUIPMENT
7.4.1. Overview
7.4.2. General Equipment Market Forecast and Analysis
7.5. SPECIALTY EQUIPMENT
7.5.1. Overview
7.5.2. Specialty Equipment Market Forecast and Analysis
7.6. SUPPORT EQUIPMENT
7.6.1. Overview
7.6.2. Support Equipment Market Forecast and Analysis
8. LABORATORY EQUIPMENT SERVICES - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
8.1. OVERVIEW
8.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
8.3. REPAIR AND MAINTENANCE SERVICES
8.3.1. Overview
8.3.2. Repair and Maintenance Services Market Forecast and Analysis
8.4. CALIBRATION SERVICES
8.4.1. Overview
8.4.2. Calibration Services Market Forecast and Analysis
8.5. VALIDATION SERVICES
8.5.1. Overview
8.5.2. Validation Services Market Forecast and Analysis
8.6. OTHER
8.6.1. Overview
8.6.2. Other Market Forecast and Analysis
9. LABORATORY EQUIPMENT SERVICES - REVENUE AND FORECASTS TO 2028 - SERVICE PROVIDERS
9.1. OVERVIEW
9.2. SERVICE PROVIDERS MARKET FORECASTS AND ANALYSIS
9.3. ORIGINAL EQUIPMENT MANUFACTURERS
9.3.1. Overview
9.3.2. Original Equipment Manufacturers Market Forecast and Analysis
9.4. THIRD-PARTY SERVICE PROVIDERS
9.4.1. Overview
9.4.2. Third-Party Service Providers Market Forecast and Analysis
9.5. OTHER SERVICE PROVIDERS
9.5.1. Overview
9.5.2. Other Service Providers Market Forecast and Analysis
10. LABORATORY EQUIPMENT SERVICES - REVENUE AND FORECASTS TO 2028 - CONTRACT TYPE
10.1. OVERVIEW
10.2. CONTRACT TYPE MARKET FORECASTS AND ANALYSIS
10.3. STANDARD SERVICE CONTRACTS
10.3.1. Overview
10.3.2. Standard Service Contracts Market Forecast and Analysis
10.4. CUSTOMIZED SERVICE CONTRACTS
10.4.1. Overview
10.4.2. Customized Service Contracts Market Forecast and Analysis
11. LABORATORY EQUIPMENT SERVICES - REVENUE AND FORECASTS TO 2028 - END USER
11.1. OVERVIEW
11.2. END USER MARKET FORECASTS AND ANALYSIS
11.3. PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
11.3.1. Overview
11.3.2. Pharmaceutical and Biotechnology Companies Market Forecast and Analysis
11.4. CLINICAL AND DIAGNOSTIC LABORATORIES
11.4.1. Overview
11.4.2. Clinical and Diagnostic Laboratories Market Forecast and Analysis
11.5. ACADEMIC AND RESEARCH INSTITUTIONS
11.5.1. Overview
11.5.2. Academic and Research Institutions Market Forecast and Analysis
12. LABORATORY EQUIPMENT SERVICES REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Laboratory Equipment Services Overview
12.1.2 North America Laboratory Equipment Services Forecasts and Analysis
12.1.3 North America Laboratory Equipment Services Forecasts and Analysis - By Equipment Type
12.1.4 North America Laboratory Equipment Services Forecasts and Analysis - By Service Type
12.1.5 North America Laboratory Equipment Services Forecasts and Analysis - By Service Providers
12.1.6 North America Laboratory Equipment Services Forecasts and Analysis - By Contract Type
12.1.7 North America Laboratory Equipment Services Forecasts and Analysis - By End User
12.1.8 North America Laboratory Equipment Services Forecasts and Analysis - By Countries
12.1.8.1 United States Laboratory Equipment Services
12.1.8.1.1 United States Laboratory Equipment Services by Equipment Type
12.1.8.1.2 United States Laboratory Equipment Services by Service Type
12.1.8.1.3 United States Laboratory Equipment Services by Service Providers
12.1.8.1.4 United States Laboratory Equipment Services by Contract Type
12.1.8.1.5 United States Laboratory Equipment Services by End User
12.1.8.2 Canada Laboratory Equipment Services
12.1.8.2.1 Canada Laboratory Equipment Services by Equipment Type
12.1.8.2.2 Canada Laboratory Equipment Services by Service Type
12.1.8.2.3 Canada Laboratory Equipment Services by Service Providers
12.1.8.2.4 Canada Laboratory Equipment Services by Contract Type
12.1.8.2.5 Canada Laboratory Equipment Services by End User
12.1.8.3 Mexico Laboratory Equipment Services
12.1.8.3.1 Mexico Laboratory Equipment Services by Equipment Type
12.1.8.3.2 Mexico Laboratory Equipment Services by Service Type
12.1.8.3.3 Mexico Laboratory Equipment Services by Service Providers
12.1.8.3.4 Mexico Laboratory Equipment Services by Contract Type
12.1.8.3.5 Mexico Laboratory Equipment Services by End User
12.2. EUROPE
12.2.1 Europe Laboratory Equipment Services Overview
12.2.2 Europe Laboratory Equipment Services Forecasts and Analysis
12.2.3 Europe Laboratory Equipment Services Forecasts and Analysis - By Equipment Type
12.2.4 Europe Laboratory Equipment Services Forecasts and Analysis - By Service Type
12.2.5 Europe Laboratory Equipment Services Forecasts and Analysis - By Service Providers
12.2.6 Europe Laboratory Equipment Services Forecasts and Analysis - By Contract Type
12.2.7 Europe Laboratory Equipment Services Forecasts and Analysis - By End User
12.2.8 Europe Laboratory Equipment Services Forecasts and Analysis - By Countries
12.2.8.1 Germany Laboratory Equipment Services
12.2.8.1.1 Germany Laboratory Equipment Services by Equipment Type
12.2.8.1.2 Germany Laboratory Equipment Services by Service Type
12.2.8.1.3 Germany Laboratory Equipment Services by Service Providers
12.2.8.1.4 Germany Laboratory Equipment Services by Contract Type
12.2.8.1.5 Germany Laboratory Equipment Services by End User
12.2.8.2 France Laboratory Equipment Services
12.2.8.2.1 France Laboratory Equipment Services by Equipment Type
12.2.8.2.2 France Laboratory Equipment Services by Service Type
12.2.8.2.3 France Laboratory Equipment Services by Service Providers
12.2.8.2.4 France Laboratory Equipment Services by Contract Type
12.2.8.2.5 France Laboratory Equipment Services by End User
12.2.8.3 Italy Laboratory Equipment Services
12.2.8.3.1 Italy Laboratory Equipment Services by Equipment Type
12.2.8.3.2 Italy Laboratory Equipment Services by Service Type
12.2.8.3.3 Italy Laboratory Equipment Services by Service Providers
12.2.8.3.4 Italy Laboratory Equipment Services by Contract Type
12.2.8.3.5 Italy Laboratory Equipment Services by End User
12.2.8.4 Spain Laboratory Equipment Services
12.2.8.4.1 Spain Laboratory Equipment Services by Equipment Type
12.2.8.4.2 Spain Laboratory Equipment Services by Service Type
12.2.8.4.3 Spain Laboratory Equipment Services by Service Providers
12.2.8.4.4 Spain Laboratory Equipment Services by Contract Type
12.2.8.4.5 Spain Laboratory Equipment Services by End User
12.2.8.5 United Kingdom Laboratory Equipment Services
12.2.8.5.1 United Kingdom Laboratory Equipment Services by Equipment Type
12.2.8.5.2 United Kingdom Laboratory Equipment Services by Service Type
12.2.8.5.3 United Kingdom Laboratory Equipment Services by Service Providers
12.2.8.5.4 United Kingdom Laboratory Equipment Services by Contract Type
12.2.8.5.5 United Kingdom Laboratory Equipment Services by End User
12.2.8.6 Rest of Europe Laboratory Equipment Services
12.2.8.6.1 Rest of Europe Laboratory Equipment Services by Equipment Type
12.2.8.6.2 Rest of Europe Laboratory Equipment Services by Service Type
12.2.8.6.3 Rest of Europe Laboratory Equipment Services by Service Providers
12.2.8.6.4 Rest of Europe Laboratory Equipment Services by Contract Type
12.2.8.6.5 Rest of Europe Laboratory Equipment Services by End User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Laboratory Equipment Services Overview
12.3.2 Asia-Pacific Laboratory Equipment Services Forecasts and Analysis
12.3.3 Asia-Pacific Laboratory Equipment Services Forecasts and Analysis - By Equipment Type
12.3.4 Asia-Pacific Laboratory Equipment Services Forecasts and Analysis - By Service Type
12.3.5 Asia-Pacific Laboratory Equipment Services Forecasts and Analysis - By Service Providers
12.3.6 Asia-Pacific Laboratory Equipment Services Forecasts and Analysis - By Contract Type
12.3.7 Asia-Pacific Laboratory Equipment Services Forecasts and Analysis - By End User
12.3.8 Asia-Pacific Laboratory Equipment Services Forecasts and Analysis - By Countries
12.3.8.1 Australia Laboratory Equipment Services
12.3.8.1.1 Australia Laboratory Equipment Services by Equipment Type
12.3.8.1.2 Australia Laboratory Equipment Services by Service Type
12.3.8.1.3 Australia Laboratory Equipment Services by Service Providers
12.3.8.1.4 Australia Laboratory Equipment Services by Contract Type
12.3.8.1.5 Australia Laboratory Equipment Services by End User
12.3.8.2 China Laboratory Equipment Services
12.3.8.2.1 China Laboratory Equipment Services by Equipment Type
12.3.8.2.2 China Laboratory Equipment Services by Service Type
12.3.8.2.3 China Laboratory Equipment Services by Service Providers
12.3.8.2.4 China Laboratory Equipment Services by Contract Type
12.3.8.2.5 China Laboratory Equipment Services by End User
12.3.8.3 India Laboratory Equipment Services
12.3.8.3.1 India Laboratory Equipment Services by Equipment Type
12.3.8.3.2 India Laboratory Equipment Services by Service Type
12.3.8.3.3 India Laboratory Equipment Services by Service Providers
12.3.8.3.4 India Laboratory Equipment Services by Contract Type
12.3.8.3.5 India Laboratory Equipment Services by End User
12.3.8.4 Japan Laboratory Equipment Services
12.3.8.4.1 Japan Laboratory Equipment Services by Equipment Type
12.3.8.4.2 Japan Laboratory Equipment Services by Service Type
12.3.8.4.3 Japan Laboratory Equipment Services by Service Providers
12.3.8.4.4 Japan Laboratory Equipment Services by Contract Type
12.3.8.4.5 Japan Laboratory Equipment Services by End User
12.3.8.5 South Korea Laboratory Equipment Services
12.3.8.5.1 South Korea Laboratory Equipment Services by Equipment Type
12.3.8.5.2 South Korea Laboratory Equipment Services by Service Type
12.3.8.5.3 South Korea Laboratory Equipment Services by Service Providers
12.3.8.5.4 South Korea Laboratory Equipment Services by Contract Type
12.3.8.5.5 South Korea Laboratory Equipment Services by End User
12.3.8.6 Rest of Asia-Pacific Laboratory Equipment Services
12.3.8.6.1 Rest of Asia-Pacific Laboratory Equipment Services by Equipment Type
12.3.8.6.2 Rest of Asia-Pacific Laboratory Equipment Services by Service Type
12.3.8.6.3 Rest of Asia-Pacific Laboratory Equipment Services by Service Providers
12.3.8.6.4 Rest of Asia-Pacific Laboratory Equipment Services by Contract Type
12.3.8.6.5 Rest of Asia-Pacific Laboratory Equipment Services by End User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Laboratory Equipment Services Overview
12.4.2 Middle East and Africa Laboratory Equipment Services Forecasts and Analysis
12.4.3 Middle East and Africa Laboratory Equipment Services Forecasts and Analysis - By Equipment Type
12.4.4 Middle East and Africa Laboratory Equipment Services Forecasts and Analysis - By Service Type
12.4.5 Middle East and Africa Laboratory Equipment Services Forecasts and Analysis - By Service Providers
12.4.6 Middle East and Africa Laboratory Equipment Services Forecasts and Analysis - By Contract Type
12.4.7 Middle East and Africa Laboratory Equipment Services Forecasts and Analysis - By End User
12.4.8 Middle East and Africa Laboratory Equipment Services Forecasts and Analysis - By Countries
12.4.8.1 South Africa Laboratory Equipment Services
12.4.8.1.1 South Africa Laboratory Equipment Services by Equipment Type
12.4.8.1.2 South Africa Laboratory Equipment Services by Service Type
12.4.8.1.3 South Africa Laboratory Equipment Services by Service Providers
12.4.8.1.4 South Africa Laboratory Equipment Services by Contract Type
12.4.8.1.5 South Africa Laboratory Equipment Services by End User
12.4.8.2 Saudi Arabia Laboratory Equipment Services
12.4.8.2.1 Saudi Arabia Laboratory Equipment Services by Equipment Type
12.4.8.2.2 Saudi Arabia Laboratory Equipment Services by Service Type
12.4.8.2.3 Saudi Arabia Laboratory Equipment Services by Service Providers
12.4.8.2.4 Saudi Arabia Laboratory Equipment Services by Contract Type
12.4.8.2.5 Saudi Arabia Laboratory Equipment Services by End User
12.4.8.3 U.A.E Laboratory Equipment Services
12.4.8.3.1 U.A.E Laboratory Equipment Services by Equipment Type
12.4.8.3.2 U.A.E Laboratory Equipment Services by Service Type
12.4.8.3.3 U.A.E Laboratory Equipment Services by Service Providers
12.4.8.3.4 U.A.E Laboratory Equipment Services by Contract Type
12.4.8.3.5 U.A.E Laboratory Equipment Services by End User
12.4.8.4 Rest of Middle East and Africa Laboratory Equipment Services
12.4.8.4.1 Rest of Middle East and Africa Laboratory Equipment Services by Equipment Type
12.4.8.4.2 Rest of Middle East and Africa Laboratory Equipment Services by Service Type
12.4.8.4.3 Rest of Middle East and Africa Laboratory Equipment Services by Service Providers
12.4.8.4.4 Rest of Middle East and Africa Laboratory Equipment Services by Contract Type
12.4.8.4.5 Rest of Middle East and Africa Laboratory Equipment Services by End User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Laboratory Equipment Services Overview
12.5.2 South and Central America Laboratory Equipment Services Forecasts and Analysis
12.5.3 South and Central America Laboratory Equipment Services Forecasts and Analysis - By Equipment Type
12.5.4 South and Central America Laboratory Equipment Services Forecasts and Analysis - By Service Type
12.5.5 South and Central America Laboratory Equipment Services Forecasts and Analysis - By Service Providers
12.5.6 South and Central America Laboratory Equipment Services Forecasts and Analysis - By Contract Type
12.5.7 South and Central America Laboratory Equipment Services Forecasts and Analysis - By End User
12.5.8 South and Central America Laboratory Equipment Services Forecasts and Analysis - By Countries
12.5.8.1 Brazil Laboratory Equipment Services
12.5.8.1.1 Brazil Laboratory Equipment Services by Equipment Type
12.5.8.1.2 Brazil Laboratory Equipment Services by Service Type
12.5.8.1.3 Brazil Laboratory Equipment Services by Service Providers
12.5.8.1.4 Brazil Laboratory Equipment Services by Contract Type
12.5.8.1.5 Brazil Laboratory Equipment Services by End User
12.5.8.2 Argentina Laboratory Equipment Services
12.5.8.2.1 Argentina Laboratory Equipment Services by Equipment Type
12.5.8.2.2 Argentina Laboratory Equipment Services by Service Type
12.5.8.2.3 Argentina Laboratory Equipment Services by Service Providers
12.5.8.2.4 Argentina Laboratory Equipment Services by Contract Type
12.5.8.2.5 Argentina Laboratory Equipment Services by End User
12.5.8.3 Rest of South and Central America Laboratory Equipment Services
12.5.8.3.1 Rest of South and Central America Laboratory Equipment Services by Equipment Type
12.5.8.3.2 Rest of South and Central America Laboratory Equipment Services by Service Type
12.5.8.3.3 Rest of South and Central America Laboratory Equipment Services by Service Providers
12.5.8.3.4 Rest of South and Central America Laboratory Equipment Services by Contract Type
12.5.8.3.5 Rest of South and Central America Laboratory Equipment Services by End User
13. IMPACT OF COVID-19 PANDEMIC ON GLOBAL LABORATORY EQUIPMENT SERVICES
13.1 North America
13.2 Europe
13.3 Asia-Pacific
13.4 Middle East and Africa
13.5 South and Central America
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. LABORATORY EQUIPMENT SERVICES, KEY COMPANY PROFILES
15.1. AGILENT TECHNOLOGIES (US)
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. THERMO FISHER SCIENTIFIC INC. (US)
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. WATERS CORPORATION (US)
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. DANAHER CORPORATION (US)
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. SIEMENS HEATHINEERS (GERMANY)
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. EPPENDORF AG (GERMANY)
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. PERKINELMER, INC. (
1. Agilent Technologies
2. Waters Corporation
3. Thermo Fisher Scientific Inc
4. PerkinElmer Inc.
5. Danaher Corporation
6. Eppendorf
7. Pace Analytical Services Inc.
8. Becton Dickinson and Company
9. Bio-Rad Laboratories Inc
10. Siemens Healthineers
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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