The latest report on the Laboratory Balances and Scales Market is 250 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2030 and offers valuable insights into the market landscape.
Global Laboratory balance and scales Market to reach USD 1.8 billion by 2027.Global Laboratory balance and scales Market is valued approximately at USD 1.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.7% over the forecast period 2021-2027.
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For analytical and quantitative testing, laboratory balances and scales are used as weighing equipment. These are used to figure out how much a product or sample weighs. Liquid, solid, tissues, and powder are all forms of formulations that can be weighed on the balance. Analytical and digital kinds of weighing scales are used for measuring. Quality control, production, and even product development are some of the most common uses for laboratory balances and scales. Government regulations on food safety, technological advancements, the growth of research pipelines among pharma-biotech and CROs, improved research activities, and the introduction of upgraded and customised laboratory balances and scale are driving the market.
For instance, According to the Centers for Disease Control and Prevention, foodborne diseases affect 48 million Americans (1 in 6) each year, resulting in 128,000 hospitalizations and 3,000 deaths. This is a major public health concern that is mostly preventable. Furthermore, The introduction products with advancements that address the needs of the hour will help the market’s growth in the future years. For instance, Adam Equipment launched a line of balances and scales called Solis and Equinox in October 2018, which will assist the sector flourish in the near future. The advancement and improvement enable for the storage of a 3000-item database that can be recalled as needed for assuring and reviewing the specifics of the materials used, as well as verifying weighing limitations and sampling restrictions. However, Limited Replacement Rate Among End Users, may impede market growth over the forecast period of 2021-2027.
Geographically, North America is one of the largest market in laboratory balances and scales. Because of factors such as a strict regulatory guideline and broad regulation on product quality among the target end user sectors and the strong presence of key market competitors throughout the region, United States and Canada is the larger nations responsible for dominating this regional market.
Major market player included in this report are:
Adam Equipment, Ltd.
Bonso Electronics International, Inc.
Danaher Corporation
Kern & Sohn GmbH
A&D Company, Ltd.
Avery Weigh-Tronix LLC
Essae Group
Gram Precision
Humboldt Mfg. Co.
Mettler Toledo International, Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Balance:
Analytical
Precision
Micro
Portable
Moisture
By Scales:
Bench
Counting
Compact
By End user:
Pharmaceutical
Biotechnology
Chemical
Beverage
Petroleum
Academia
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Laboratory Balances and Scales Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Table of content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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