Laboratory Equipment Services market is projected to grow at a CAGR of 12.67% during the forecasting period 2021-2027

The increasing number of research activities in the pharmaceutical and biotechnology industries, the need for successful and timely disease diagnosis, and the investments and government research funding to support biomedical research activities are all driving growth in the laboratory equipment service industry. However, the change from lab-based diagnosis to home-based/POC testing, as well as the high cost of service contracts, are limiting the market's expansion. The industry is projected to be dominated by pharmaceutical and biotechnology firms. The increased amount of drug discovery research in these companies is largely responsible for this segment's dominance. In 2021, North America is expected to dominate the industry. The APAC area, on the other hand, is expected to have the highest CAGR during the forecast era. The rising presence of major market players in emerging countries such as India and China, as well as an increasing number of CROs and life science R&D activities, are some of the main factors driving the market's growth in the Asia Pacific region.
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The Laboratory Equipment Services Market report has been categorized as below
By Equipment Type
Analytical Equipment
General Equipment
Speciality Equipment
Support Equipment
By Type
Repair and Maintenance Services
Calibration Services
Validation services
Other services
By Service Providers
Standard Service Contracts
Customized Service Contracts
By End User
Pharmaceutical & Biotechnology Companies
Academic & Research Institutions
Clinical & Diagnostic Laboratories
By Region
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia Pacific
Japan
China
India
Australia
Rest of Asia Pacific
Rest of the World
South America
Middle East and Africa
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