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Press Release / Business / Laboratory Equipment Services Market worth 11.51 Billion

Laboratory Equipment Services Market worth 11.51 Billion

By Mr Rohan on January 09 2018 | 116 Views

The report "Laboratory Equipment Services Market by Service (Repair, Calibration, Validation), Equipment (Analytical, Specialty), Service Provider (OEM, Third Party)

Browse 103 market data Tables and 34 Figures spread through 136 Pages and in-depth TOC on "Laboratory Equipment Services Market by Service (Repair, Calibration, Validation), Equipment (Analytical, Specialty), Service Provider (OEM, Third Party), Service Contracts (Standardized, and Customized), End User - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/laboratory-equipment-service-market-171213101.html
Early buyers will receive 10% customization on reports.

Growth in this market is mainly driven by increasing research in pharmaceutical and biotechnology industries and the growing need for timely and effective diagnosis of diseases. Furthermore, developing markets such as India and China and the increasing number of asset management companies provide significant growth opportunities for the laboratory equipment services market. On the other hand, factors such as increasing focus among healthcare providers to reduce the cost of treatments, growing pressure on pharmaceutical companies to reduce the costs of marketing their drugs, and high cost of contracts for servicing laboratory equipment may restraint the growth of the market.

The laboratory equipment services market is segmented based on service type, equipment type, service contract, service provider, end user, and regions. Based on service type, the market is segmented into repair and maintenance, calibration, validation, and other services. The repair and maintenance services segment is expected to account for the largest market share in 2016. They key factor driving the growth of this segment is the rising use of laboratory equipment



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