Laboratory Equipment Services Market – Global Forecast to 2021

"Laboratory Equipment Services Market – Global Forecast to 2021"is a professional and in-depth study.

MRRS adds "Laboratory Equipment Services Market – Global Forecast to 2021" latest studies,published in December 2016. It is a professional and in-depth study.

The global laboratory equipment services market, in terms of value, is projected to reach USD 11.51 billion by 2021 from USD 6.50 billion in 2016, at a CAGR of 10.0% during the forecast period. The laboratory equipment services market is segmented based on service type, equipment type, service contract, service provider, end user, and region.
Growth in this market is mainly driven by the increasing research in the pharmaceutical and biotechnology industries and the growing need for the timely and effective diagnosis of diseases. Furthermore, developing markets such as India and China and the increasing number of asset management companies provides significant growth opportunities for the laboratory equipment services market. On the other hand, factors such the increasing focus to cut costs among healthcare providers and pharmaceutical companies, and the high cost of equipment service contracts may restrain market growth.
The laboratory equipment services market, by service type, includes repair and maintenance, calibration, validation, and other services (procurement, cleaning, and testing). The repair and maintenance segment is expected to provide strong growth opportunities for market players in the forecast period.

Figure And Tables

TABLE 1 INCREASING NUMBER OF RESEARCH ACTIVITIES IN PHARMACEUTICAL AND BIOTECHNOLOGY INDUSTRIES TO DRIVE MARKET GROWTH 36
TABLE 2 HIGH COST OF SERVICE CONTRACTS TO RESTRAIN MARKET GROWTH 37
TABLE 3 EMERGING MARKETS TO PROVIDE SIGNIFICANT GROWTH OPPORTUNITIES FOR MARKET PLAYERS 39
TABLE 4 LIMITED SCOPE OF INNOVATION IS A MAJOR CHALLENGE IN THE MARKET 39
TABLE 5 LABORATORY EQUIPMENT SERVICES MARKET SIZE, BY SERVICE TYPE, 
2014-2021 (USD MILLION) 42
TABLE 6 REPAIR AND MAINTENANCE SERVICES MARKET SIZE, BY REGION, 
 ...
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