The major factors driving the growth of the laboratory balances and scales market are the technological advancements in laboratory balances and scales; increasing research investments and activities among pharma-biotech companies and CROs; increasingly stringent regulatory framework for product safety in bio-pharmaceutical industries; implementation of stringent food safety guidelines; and emerging markets.
The global Laboratory Balances and Scales Market is projected to reach USD 1.6 billion by 2023 from USD 1.3 billion in 2018, at a CAGR of 3.7%.
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Based on product type, the laboratory balances market is segmented into micro & ultra-micro balances, top loading/precision balances, analytical balances, portable/compact balances, moisture analyzers, and other balances. The analytical balances segment is expected to account for the largest share of the laboratory balances and scales market in 2018. The increasing adoption of analytical balances among biopharmaceutical industries, owing to its procedural benefits (such as portability, easy to operate, less weighing time, high durability, low cost, and high precision) is the major factor driving the growth of this market segment.
Based on product type, the laboratory scales market is segmented into bench scales, counting scales, compact scales, and other scales. The bench scales segment is expected to witness high growth rate in the laboratory scales market in 2018. The increasing adoption of laboratory scales among bio-pharmaceutical industry due to the procedural benefits offered by these instruments, such as flow-thru design ensures protection from liquids, touchless sensors, minimum stabilization time, ease of handling, and fast measurement time is the major factor driving the growth of this market segment.
Based on end user, the laboratory balances and scales market is segmented into pharmaceutical, cosmeceutical, and biotechnology product testing laboratories; chemical and material testing laboratories; food and beverage testing laboratories; petroleum product testing laboratories; research laboratories & academic institutes, and other end users.
The laboratory balances and scales market is segmented into four regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World.
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The major players operating in the laboratory balances and scales market are A&D Company, Ltd (Japan), Metler Toledo international, Inc. (US), Sartorius AG (Germany), Shimadzu Corporation (Japan), PCE Instruments (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), and Gram Precision S.L (Spain).
The global Laboratory Balances and Scales Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the laboratory balances and scales market include Mettler Toledo, Thermo Fischer Scientific, Sartorius, Ohaus Instruments, Kern & Sohn Gmbh, Adam Equipments, A Company , Gram Precision, PCE Instruments, Precisa Gravimetrics AG, RADWAG Balances and Scales, Bonso Electronic International, Inc., Sciencetech Inc.This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Laboratory Balances and Scales Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/laboratory-balances-and-scales-market/download-sampleMarket DynamicsThe increasing strict regulatory framework for product safety compliance in pharma-biotech industries is the major factor driving the Laboratory balances and scales market.
The mounting applications of laboratory balances and scales in biotechnology, and chemical industries where the weighing of samples is required on a regular basis, leads to high market demand in recent years.
The precision laboratory balances and scales are installed with advanced software that provides error-free weighing and also offers an option to transfer data to a personal computer, or laptop care are positively impacting the Laboratory balances and scales market's growth.
Moreover, the proliferation of the pharmaceutical sector in emerging markets and technological advancements in laboratory balances and scales are likely to create lucrative growth opportunities for key players of the laboratory balances and scales market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
The major factors driving the growth of the laboratory balances and scales market are the technological advancements in laboratory balances and scales; increasing research investments and activities among pharma-biotech companies and CROs; increasingly stringent regulatory framework for product safety in bio-pharmaceutical industries; implementation of stringent food safety guidelines; and emerging markets.The global Laboratory Balances and Scales Market is projected to reach USD 1.6 billion by 2023 from USD 1.3 billion in 2018, at a CAGR of 3.7%.Ask for PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166668097The analytical balances segment is expected to account for the largest share of the laboratory balances market, by product type, in 2018Based on product type, the laboratory balances market is segmented into micro & ultra-micro balances, top loading/precision balances, analytical balances, portable/compact balances, moisture analyzers, and other balances.
The analytical balances segment is expected to account for the largest share of the laboratory balances and scales market in 2018.
The increasing adoption of analytical balances among biopharmaceutical industries, owing to its procedural benefits (such as portability, easy to operate, less weighing time, high durability, low cost, and high precision) is the major factor driving the growth of this market segment.The bench scales segment is expected to witness high growth rate in the laboratory scales market, by product type, in 2018Based on product type, the laboratory scales market is segmented into bench scales, counting scales, compact scales, and other scales.
The bench scales segment is expected to witness high growth rate in the laboratory scales market in 2018.
The increasing adoption of laboratory scales among bio-pharmaceutical industry due to the procedural benefits offered by these instruments, such as flow-thru design ensures protection from liquids, touchless sensors, minimum stabilization time, ease of handling, and fast measurement time is the major factor driving the growth of this market segment.Pharmaceutical, cosmeceutical, and biotechnology product testing laboratories to account for the largest share of the global balances and scales market during the forecast periodBased on end user, the laboratory balances and scales market is segmented into pharmaceutical, cosmeceutical, and biotechnology product testing laboratories; chemical and material testing laboratories; food and beverage testing laboratories; petroleum product testing laboratories; research laboratories & academic institutes, and other end users.
The pharmaceutical, cosmeceutical, and biotechnology product testing laboratories segment is expected to account for the largest share during the forecast period.North America to dominate the laboratory balances and scales market during the forecast periodThe laboratory balances and scales market is segmented into four regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World.
The Global Laboratory Balances and Scales Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Over the years, the laboratory balances and scales have evolved as an essential analytical instrument used for weighing in various industries.
The laboratory balances have improved and weighing has become an integral part of research and development, production, and quality control.
At present, a variety of weighing scales are available in the market with high speed, accuracy, quality.The global laboratory balances and scales market is expected to grow at 3-4% over coming years.
The regulatory requirements regarding the quality and safety in the pharmaceutical, biotechnology, food, and beverages industries is propelling the growth of laboratory balances and scales market.
Furthermore, the high growth in pharmaceutical industry and increasing number of clinical research organizations in Asian countries is also driving the growth of laboratory and scales market.Pharmaceutical and biotechnology segment is the major end user in laboratory balances and scales market.
