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Laboratory equipment are the tools used by lab technicians or scientists to work in a laboratory. These instruments and devices aid in various tasks such as preparation of cell culture mediums for research, analysis of the biological samples of patients, studying tissues for diagnosis of various diseases, and others. The growth of the global laboratory equipment market is driven by various factors such as increasing demand for lab automation, the shift from lab-based diagnosis to the point of care diagnosis, increasing biomedical research, and rising innovations by major players. However, the lack of laboratory setups in developing countries is projected to hamper the growth of the global laboratory equipment market. According to MRFR analysis, the global laboratory equipment market size is expected to register a CAGR of ~7.30% during the forecast period of 2019 to 2025 and is expected to reach USD 58,960 Million by 2025. The global laboratory equipment market is currently dominated ... Continue reading →
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