{"id":541622,"date":"2021-05-04T01:46:01","date_gmt":"2021-05-04T01:46:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=541622"},"modified":"2021-05-04T01:46:01","modified_gmt":"2021-05-04T01:46:01","slug":"laboratory-equipment-services-market-size-worth-usd-298-billion-at-cagr-of-136-by-2028-reports-and-data","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/laboratory-equipment-services-market-size-worth-usd-298-billion-at-cagr-of-136-by-2028-reports-and-data_541622.html","title":{"rendered":"Laboratory Equipment Services Market Size Worth USD 29.8 Billion at CAGR of 13.6%, By 2028 | Reports and Data."},"content":{"rendered":"
\"Laboratory<\/a><\/p>\n
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The global Laboratory Equipment Services Market<\/div>\n<\/div>\n<\/div>\n
The global Laboratory Equipment Services market size was USD 11 billion in 2020 and is expected to register a CAGR of 13.6% during the forecast period. <\/div>\n

Increased government funding and grants for research organizations and academic institutes are predicted to bolster the global market growth<\/strong><\/p>\n

Market Size – 11 billion in 2020, Market Growth – at a CAGR of 13.6%, Market Trends <\/strong>– Rising focus on drug discovery and development<\/strong><\/p>\n

The global Laboratory Equipment Services market<\/a> size is expected to reach USD 29.8 billion by 2028 at a CAGR of 13.6%, according to a new report by Reports and Data. The rapidly expanding pharmaceutical and biotechnology industries, increased government funding for research organizations and academic institutions, and pharmaceutical and biotechnology companies’ increasing initiatives towards research & development activities are pivotal factors accountable for the global Laboratory Equipment Services market growth. The rising prevalence of acute and chronic ailments worldwide, augmented need for accurate disease diagnosis, growing adoption of safety testing measures across food & beverage and pharmaceutical industries, and increasing government support for biomedical research & development programs are the other vital aspects of the global market growth.<\/p>\n

Laboratory Equipment Services are known to optimize laboratory operations, improve lab testing and production outcomes, and increase device uptime. These services are widely utilized by the pharmaceutical and biotechnology sectors, academic & research institutes, and clinical and diagnostic laboratories. Laboratory Equipment Services majorly include user training, equipment servicing, maintenance services, installation & modification, equipment validation, and calibration. Laboratory equipment calibration verifies the overall of measuring devices to make the device readings precise and error-free. Moreover, laboratory equipment validation ensures the smooth functioning of lab instruments, thereby improving lab operations’ quality and efficiency.  The exponentially growing number of research, clinical, and diagnostic laboratories and the increasing export & import of advanced laboratory and hospital equipment create further prospects for the global Laboratory Equipment Services market growth over the estimated period. However, the rising costs of Laboratory Equipment Services are predicted to hamper the global market growth in the years to come.<\/p>\n

The key players in the global Laboratory Equipment Services market are Thermo Fisher Scientific Inc., Agilent Technologies, Waters Corporation, Merck Millipore, Danaher Corporation, Hettich Instruments, Bio-Rad Laboratories, Inc., Eppendorf AG, Siemens Healthineers, PerkinElmer Inc., Sartorius AG, Mindray Medical International Limited, Pace Analytical Services, Inc., and Becton, Dickinson, and Company.<\/strong><\/p>\n

Get a sample of the report @<\/strong> https:\/\/www.reportsanddata.com\/sample-enquiry-form\/3863<\/a><\/p>\n

Key Highlights of the Report:<\/strong><\/p>\n