Health, medical, and pharmaceutical research studies require laboratory equipment
Laboratory Equipment Market Due to consistent demand from a diverse end-user segment, the lab equipment industry has seen steady growth. Emerging markets such as India and China will experience rapid growth. The market for lab equipment and supplies will be driven by factors such as continued demand from the pharmaceutical industry, stable demand in the North American public sector, and demand for new automated hybrid platforms. According to the Coherent Market Insights the Laboratory Equipment Market Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026 Pharmaceutical companies account for 38% of total demand for lab equipment and supplies, and they are excited about new hybrid technologies such as UHPL, HILIC, SFC, LC-MS, LC-NMR, and LC-FTIR. However, the financial crisis and high acquisition costs slowed the rate of advanced technology and automation adoption. Laboratory equipment is essential in healthcare, medical, and pharmaceutical research ...