Fri July 15th, 2016
Lab Accessories Market Growing at a CAGR of 7.5%
Download PDF Brochure @ http://bit.do/Lab-Accessories-Market-PDF The global laboratory accessories market is expected to reach $504.7 million by 2020 from $327.0 million in 2014, at a CAGR of 7.5% from 2014 to 2020. The demand for lab automation is expected to increase in the coming years as researchers and scientists prefer using these systems to enhance the efficiency of drug discovery, high-throughput screening, liquid handling, and purification and polymerase chain reactions. However, automation not being a priority for small- and medium-sized laboratories and lack of planning for technology development are factors restraining the growth of this market. The report categorizes the lab accessories market on the basis of products, end users, and regions. On the basis of products, the market is segmented into microplates, label printers, pipettes, pumps, reagent reservoirs, valves, tubings, and wash stations. Based on end users, the market is categorized into original equipment manufacturers (OEMs), biotechnology and pharmaceutical companies, hospital and private laboratories, academic institutes, and research institutes. Based on regions, the market is categorized into North America, Europe, Asia, and the Rest of the World. North America is the largest market, followed by Europe and Asia. However, the Asian market is slated to grow at the highest rate over the next six years.