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Global Laboratory Accessories Market Report

Added: (Fri Mar 08 2019)

Pressbox (Press Release) - Transparency Market Research in its new report titled, “Laboratory Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the laboratory accessories market. The TMR report anticipates that the rising demand for lab automation will drive the laboratory accessories market during the forecast period i.e, 2018-2026. This is mainly due to the high preference put by researchers and scientists for using the latest laboratory systems and accessories to bring in maximum efficiency.

Favorable scenarios from several governments regarding grant of funds for procuring quality laboratory accessories has also caused the market to expand in recent times. Other factors contributing towards better prospects in this field are: improving drug discoveries, rapidly increasing disease outbreaks, rise in sophistication regarding use of specific equipment, and many others, according to the report.

In terms of geography, this market is segmented into North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America. Of these, North America dominates the market in terms of revenue gained. This is mainly due to a large presence of biotechnology, microbiology, and other such biological fields existing in the region, wherein chemical analysis using laboratory equipment is highly necessary. Presence of well-established companies manufacturing quality laboratory equipment and accessories in this region also has made

North America reign in the global laboratory accessories market in recent times. However, the market is fast catching up in Asia Pacific and Latin America, with a rise in laboratory-based activities observed to occur in these regions. Growth in the biotechnology sector in these areas along with an increase in the number of hospitals is also responsible for the global laboratory accessories market to depict extensive growth.

The report states that the global laboratory accessories market mainly depicts the existence of a highly fragmented and competitive vendor landscape, majorly due to the presence of innumerable players. Bringing about widespread treatment-based innovations for overall development is a prime strategy implemented by most businesses working in this market.

Most businesses are working in the global laboratory accessories market for numerous years, and have relied on carrying out extensive research as a key tool for attracting success. However, most local players experience a substantial cutthroat competition due to the larger and bigger players operating in the market. The competition is expected to intensify in the forthcoming years with new players regularly entering the global laboratory accessories market.

To give a better competitive analysis of the global laboratory accessories market, TMR report has profiled some of the major players in the market and these include Analytik Jena AG, Thermo Fisher Scientific, Inc., Beckton, Abbott Laboratories, Inc., Roche Holding AG, Corning Incorporated, Bio-Rad Laboratories, Inc., Dickinson and Company, Tecan Group Ltd., Hamilton Company, Brooks Automation, Inc., and Greiner Bio-One GmbH.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Submitted by:Vasim Shikalgar
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