CHICAGO, November 30, 2018
CHICAGO, November 30, 2018 /PRNewswire/ --
According to the new market research report "Laboratory Balances and Scales Market by Product (Balances (Analytical, Precision, Micro, Portable, Moisture), Scales (Bench, Counting, Compact)), End User (Pharmaceutical, Biotechnology, Chemical, Beverage, Petroleum, Academia) - Global Forecast to 2023", published by MarketsandMarkets™, 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%.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Don't miss out on business opportunities in Laboratory Balances and Scales Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow:
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 analytical balances segment is expected to account for the largest share of the Laboratory balances market, by product type, in 2018
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.
Browse in-depth TOC on "Laboratory Balances and Scales Market"
91 - Tables
38 - Figures
157 - Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/laboratory-balances-scales-market-166668097.html
The bench scales segment is expected to witness high growth rate in the Laboratory scales market, by product type, in 2018
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.
Pharmaceutical, cosmeceutical, and biotechnology product testing laboratories to account for the largest share of the global balances and scales market during the forecast period
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 pharmaceutical, cosmeceutical, and biotechnology product testing laboratories segment is expected to account for the largest share during the forecast period. Growing developmental pipeline of key manufacturers, expansion of research facilities by the product manufacturers & private organizations in the industry, and need to comply with product safety and quality regulations are the key factors driving the growth of this segment.
Request for Free Sample Report @
North America to dominate the Laboratory Balances and Scales Market during the forecast period
The Laboratory Balances and Scales Market is segmented into four regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World. The North America region is expected to account for the largest share of the global Laboratory Balances and Scales Market in 2018, and this trend is expected to continue during the forecast period. Dominant position of North America is mainly attributed to presence of stringent regulatory guidelines & extensive regulatory compliance for product quality among target end user industries, the strong presence of major market players in the region, and growing research pipeline among the biopharmaceutical companies.
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).
Browse Adjacent Markets @ Analytical and Scientific Instrumentation Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com