2017 global general laboratory equipment market will reach 6.7 billion US dollars

According to the research report of the General Laboratory Equipment Global Market (report number: IAS078A), the global general laboratory equipment market is expected to reach USD 6.7 billion in 2017 from USD 3.9 billion in 2012.

The market environment of general laboratory instruments is very complicated. Laboratory products include both electronic products and glassware. There are huge multinational companies and small regional organizations. The report divides the laboratory instrument market into four parts: North America, Europe, Asia, and the rest of the world. North America has the largest share and is expected to reach US$2.2 billion by 2017, and its 2012 market will be US$1.4 billion. Europe is divided into the second largest market and is expected to reach US$1.7 billion in 2017 and its market in 2012 will be US$1 billion.

The nature and quantity of companies in this market show that the market is highly fragmented and the timing of mergers and acquisitions is ripe. In the fierce competition, the general experimental equipment market is also facing major challenges because of the relatively limited space for innovation in this area. This market is particularly demanding of high-quality, time-saving, automated high-precision equipment. This has also led to the outsourcing of manufacturing operations to developing countries to reduce costs. China is the second largest market for laboratory equipment in Asia and is one of the fastest growing markets in the world, with an annual growth rate of about 20%.

In this market environment, laboratory instrument companies face various challenges: pressures to reduce costs, lack of skilled labor, and the impact of sudden health events (for example, the H1N1 influenza virus). However, the laboratory instrument company responded to these challenges through a series of measures, including mergers and acquisitions, joint ventures, expanding product lines, meeting market demands, continuously reducing costs through technological innovation, saving time and resources, improving precision levels, etc. . (