Le Lézard
Classified in: Science and technology
Subject: SVY

The Global Laboratory Balances & Scales Market Through 2018-2023 - Opportunities in Emerging Markets


DUBLIN, Dec. 11, 2018 /PRNewswire/ --

The "Laboratory Balances and Scales Market by Product, End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The laboratory balances and scales market is expected to reach USD 1.55 billion by 2023 from USD 1.29 billion in 2018, at a CAGR of 3.7%.

The demand for laboratory balances and scales across key markets is majorly driven by factors such as technological advancements in laboratory balances and scales, expansion of the research pipeline among pharma-biotech and CROs; increasingly stringent regulatory framework for product safety in biotechnology and pharmaceutical industries; and growing public emphasis on the implementation of stringent food safety guidelines. However, the limited replacement rate among end users is expected to restrain the growth of this market to a certain extent during the forecast period.

In 2018, North America is expected to account for the largest share of 35.9% of the laboratory balances and scales market. The large share of this region can be attributed to the presence of stringent regulatory guidelines and extensive regulatory compliance for product quality among target end-user industries, strong presence of major market players in the region, growing research pipeline among the biopharmaceutical companies, and ongoing technological advancements in the field of laboratory balances and scales.

Asia Pacific is estimated to be the fastest-growing regional market for laboratory balances and scales. Increasing usage of analytical instruments (include laboratory balances and scales) in the food industry (owing to the growing food safety concerns), rising number of R&D activities, increasing government healthcare expenditure, presence of stringent regulatory policies (especially for food and drug safety), and growth of the biotechnology & pharmaceutical industry in key APAC countries such as India and China are the major factors driving the growth of the laboratory balances and scales market in APAC.

In 2017, A&D Company, Ltd (Japan), METLER TOLEDO International, Inc. (US), Sartorius AG (Germany), and Shimadzu Corporation (Japan) dominated the laboratory balances and scales market.

The other prominent players operating in the laboratory balances and scales market include PCE Holding GmbH Co. Kg (UK), Kern & Sohn GmbH (Germany), RADWAG Balances and Scales (Poland), Adam Equipment Co. (UK), Avery Weigh-Tronix, LLC (UK), Bonso Electronics International, Inc. (China), Essae Group (India), Gram Precision S.L (Spain), Humboldt Scientific, Inc. (US), Scientech, Inc. (US), and Danaher Corporation (US), among others.

Key Topics Covered

1. Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Used for the Study
1.5 Major Market Stakeholders

2. Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Market Estimation Methodology
2.2.1 Usage Pattern-Based Market Estimation
2.2.2 Revenue Mapping-Based Market Estimation
2.2.3 Primary Research Validation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations

3. Executive Summary

4. Premium Insights
4.1 Laboratory Balances and Scales: Market Overview
4.2 Laboratory Balances Market, By Type, 2018 vs 2023
4.3 Laboratory Scales Market, By Type, 2018 vs 2023
4.4 Geographic Analysis: Laboratory Balances and Scales Market, By End User (2018)
4.5 Market, By Country (2018-2023)

5. Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Technological Advancements in Laboratory Balances and Scales
5.2.1.2 Expansion of the Research Pipeline of Pharma-Biotech Companies and Crops
5.2.1.3 Increasing Stringency of the Regulatory Framework for Product Safety Compliance in Pharma-Biotech Industries
5.2.1.4 Growing Public Emphasis on the Implementation of Stringent Food Safety Regulations
5.2.2 Restraints
5.2.2.1 Limited Replacement Rate Among End Users
5.2.3 Opportunities
5.2.3.1 Emerging Markets

6. Laboratory Balances and Scales Market, By Type
6.1 Introduction
6.2 Laboratory Balances
6.2.1 Analytical Balances
6.2.1.1 Procedural Benefits Offered By Analytical Balances to Drive Market Growth
6.2.2 Top-Loading/Precision Balances
6.2.2.1 The Ability to Weigh Samples With A Relatively Larger Mass is A Key Advantage of Precision Balances
6.2.3 Micro & Ultra-Micro Balances
6.2.3.1 High-Speed Measurement, High Accuracy, and Easy Operations are Key Advantages of Micro and Ultra-Micro Balances
6.2.4 Moisture Balances
6.2.4.1 The Demand for Moisture Balances is Increasing Among Target End Users Due to Their High-Speed Measurement and High Accuracy
6.2.5 Portable/Compact Balances
6.2.5.1 Limited Ability of Portable Balances to Measure Heavy Samples Limits Their Adoption Among End Users
6.2.6 Other Balances
6.3 Laboratory Scales
6.3.1 Bench Scales
6.3.1.1 Quick Stabilization, High Accuracy, Ease of Handling, and Fast Measurement TimeKey Benefits of Bench Scales
6.3.2 Counting Scales
6.3.2.1 Increasing Adoption of Counting Scales Among Drug Testing, Food Testing, and Biotechnology Laboratories to Drive Market Growth
6.3.3 Compact Scales
6.3.3.1 High Accuracy, Easy Portability, Fewer Space Requirements, and Ease of Handling are Key Advantages of Compact Scales
6.3.4 Other Scales

7. Laboratory Balances and Scales Market, By End User
7.1 Introduction
7.2 Pharmaceutical, Cosmeceutical, and Biotechnology Products Testing Laboratories
7.2.1 Growing Developmental Pipeline of Pharmaceutical and Biotechnology Manufacturers is A Key Driver
7.3 Chemical and Material Testing Laboratories
7.3.1 Demand for Lab Balances and Scales is Estimated to Rise With Increasing Production Output of Chemicals and Materials
7.4 Food and Beverage Testing Laboratories
7.4.1 Increasing Food Adulteration and Contamination has Resulted in Implementation of Stringent Food Safety Guidelines
7.5 Petroleum Product Testing Laboratories
7.5.1 Increasing Number of Research Activities Across Petroleum Industries is Driving Demand
7.6 Research Laboratories and Academic Institutes
7.6.1 Limited Budgets of Small & Mid-Sized Research Labs and Academic Institutes May Restrain Market Growth
7.7 Other End Users

8. Lab Balances and Scales Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 The Strong Presence of Major Market Players in the US to Drive Market Growth
8.2.2 Canada
8.2.2.1 Growth in the Lab Balances and Scales Market in Canada is Driven By the Growing Availability of Novel Lab Balances and Scales
8.3 Europe
8.3.1 Germany
8.3.1.1 Growing Demand for Lab Balances and Scales is Supported By Increasing Number of Patent Renewals of Pharma Drugs
8.3.2 UK
8.3.2.1 Growth in This Market is Driven By the Rising Number of Research Activities to Validate the Therapeutic Efficacy and Safety of Drugs
8.3.3 France
8.3.3.1 Increasing Adoption of Lab Balances and Scales Among Research Experts in Various End-Use Industries is Driving Demand
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 High Market Entry Barriers and Pricing Pressure on Product Manufacturers to Limit Market Growth
8.4.2 China
8.4.2.1 Supportive Government Regulations for the Expansion and Modernization of Healthcare Facilities Will Drive Market Growth
8.4.3 India
8.4.3.1 Increasing Public Focus on Food Safety & Drug Quality Regulations to Drive Market Growth in India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World

9. Competitive Landscape
9.1 Overview
9.2 Global Market Share Analysis (2017)
9.3 Competitive Scenario (2014-2018)
9.3.1 Key Product Launches (2014-2018)
9.3.2 Key Expansions (2014-2018)

10. Company Profiles
(Business Overview, Products Offered, Recent Developments (2014-2018))*
10.1 Introduction
10.2 A&D Company, Ltd.
10.3 Adam Equipment, Ltd.
10.4 Avery Weigh-Tronix LLC
10.5 Bonso Electronics International, Inc.
10.6 Danaher Corporation
10.7 Essae Group
10.8 Gram Precision
10.9 Humboldt Mfg. Co.
10.10 Kern & Sohn GmbH
10.11 Mettler Toledo International, Inc.
10.12 Pce Holding GmbH & Co. Kg
10.13 Radwag Balances and Scales
10.14 Sartorius AG
10.15 Scientech, Inc.
10.16 Shimadzu Corporation

For more information about this report visit https://www.researchandmarkets.com/research/gqskqd/the_global?w=5

Media Contact:

Laura Wood, Senior Manager
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets


These press releases may also interest you

at 04:00
Halfpricesoft.com offers a seamless and secure solution for in-house payroll processing with the l atest 2024 ezPaycheck YTD feature for those switching to the program, mid-year. The application is also combine d with features that have long...

at 04:00
U Power Limited (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that the Company held an extraordinary general meeting of...

at 04:00
"The tourism data for Milan in 2023 reached an all-time high, and it's a success we must share among many stakeholders, both public and private, including the dense network of accommodation facilities in the city. We need virtuous examples like Hotel...

at 03:59
Timekettle, a fast-growing cross-language communication solutions innovator, has successfully wrapped up its #SpringTravelWithTimekettle campaign on Instagram. Running from March 18 to 24, Timekettle encouraged global travelers to share their...

at 03:52
The progressive decrease in hearing in elderly people can represent a major problem for their quality of life: it has in fact been demonstrated that critical issues such as these, in addition to being a problem as such, can...

at 03:44
Bitrue, a leading cryptocurrency exchange serving over 10 million users globally, announces a focus on user behavior analysis to further develop the utility of its native token, Bitrue Coin (BTR). "Understanding how our users interact with BTR is...



News published on and distributed by: