ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET FORECAST 2019-2027

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ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET FORECAST 2019-2027

The Asia Pacific biotechnology industry is on a continuous surge that is raising the adoption rate for the laboratory instruments, thereby driving the laboratory equipment services market in the APAC. Developing nations like China, India, South Korea, etc. are carrying out effective research and development in biotechnology, although their economic development is not exactly in sync, each of these countries can be branded the tag of “innovating developing country” in terms of biotech.

ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET FORECAST 2019-2027

Asia Pacific Laboratory Equipment Services Market by Service Type (Calibration Services, Validation Services, Repair & Maintenance Services, Other Services), by Equipment Type (General Equipment, Analytical Equipment, Specialty Equipment, Support Equipment), by End User (Pharmaceuticals and Biotechnology Companies, Clinical & Diagnostics Laboratories, Academic Research and Institutions), by Service Providers (Third Party Service Providers, Original Equipment Manufacturers, Other Service Providers), by Service Contracts (Standardized Service Contract, Customized Service Contracts), by Applications (Clinical Chemistry, Medical, Microbiology & Cytology, Human & Tumor Genetics, Other Esoteric Tests) & Geography.

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The Asia Pacific biotechnology industry is on a continuous surge that is raising the adoption rate for the laboratory instruments, thereby driving the laboratory equipment services market in the APAC. Developing nations like China, India, South Korea, etc. are carrying out effective research and development in biotechnology, although their economic development is not exactly in sync, each of these countries can be branded the tag of “innovating developing country” in terms of biotech. The laboratory equipment services market in the Asia Pacific is expected to progress at the largest growth rate of 9.98% in the 2019-2027 forecasting tenure.

The strategic initiatives opted by asset management companies in the service industry are pivotal for laboratory equipment services market growth. The region-specific market of China, India, Japan, Australia, South Korea and the collective countries forming the Rest of Asia Pacific are responsible for the rapid growth of this market. The life science and pharmaceutical sector throughout the APAC has had an increased demand for laboratory compliances for drug development and testing, which is expected to increase the demand for laboratory equipment services in the region. Also, the increasing prevalence of chronic diseases and medical tourism in countries like South Korea are also proving to be substantial for market growth. Conversely, the type of services required are much diversified, the chances of innovation also get reduced by small numbers, which can prove to be a hurdle if not solved sooner.

The eminent competing players of the laboratory equipment services market are Thermo Fisher Scientific Inc., Pace Analytical Services, Inc., Milliporesigma (Merck), Hettich Instruments LP, Mindray Medical International Limited, Perkinelmer Inc., Siemens Healthcare GmBH, Eppendorf AG, Hitachi High-Technologies Corporation, Waters Corporation, Transcat, Agilent Technologies Inc., Danaher Corporation, C&M Scientific Ltd. and Abbott Laboratories.

 

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • INCREASE IN NUMBER OF CHRONIC DISEASES
      • ORIGINAL EQUIPMENT MANUFACTURERS TO HOLD SUPERIORITY IN SERVICE PROVIDER SEGMENT
      • ASIA PACIFIC REGION IS THE FASTEST GROWING AMONGST OTHERS
      • PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES MARKET IS EXPECTED TO WITNESS THE BOOM
      • CUSTOMIZED SERVICE CATEGORY IS EXPECTED TO GROW FASTER THAN OTHER CATEGORIES IN SERVICE CONTRACTS SEGMENT
      • GLOBAL SPENDING ON RESEARCH AND DEVELOPMENT IS GROWING RAPIDLY
      • GLOBAL HEALTHCARE EXPENDITURE IS RISING STEADILY WORLDWIDE
      • INVESTMENTS IS GROWING IN PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
  1. MARKET DYNAMICS
    • ETYMOLOGY OF LABORATORY EQUIPMENT SERVICES
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWTH OF RESEARCH ACTIVITIES IN BIOTECH INDUSTRY WORLDWIDE
      • INCREASE IN NEED FOR TIMELY DIAGNOSIS OF DISEASES
      • NUMBER OF CHRONIC DISEASES IS RISING STEADILY
      • GROWTH OF MEDICAL TOURISM IN DEVELOPING NATIONS
    • MARKET RESTRAINTS
      • INCREASE IN FOCUS ON REDUCING LABORATORY COST
      • HIGH COST OF SERVICE CONTRACTS
    • MARKET OPPORTUNITIES
      • GROWTH OF AUTOMATION IN LABORATORY
      • ADOPTION OF ASSET MANAGEMENT COMPANY IN BIOTECHNOLOGY INDUSTRY
    • MARKET CHALLENGES
      • SCOPE OF INNOVATION IS LIMITED
      • MARKET IS HIGHLY DIVERSIFIED IN NATURE
  1. MARKET BY SERVICE TYPE
    • CALIBRATION SERVICES
    • VALIDATION SERVICES
    • REPAIR & MAINTENANCE SERVICES
    • OTHER SERVICES
  2. MARKET BY EQUIPMENT TYPE
    • GENERAL EQUIPMENT
    • ANALYTICAL EQUIPMENT
    • SPECIALTY EQUIPMENT
    • SUPPORT EQUIPMENT
  3. MARKET BY END USER
    • PHARMACEUTICALS AND BIOTECHNOLOGY COMPANIES
    • CLINICAL & DIAGNOSTICS LABORATORIES
    • ACADEMIC RESEARCH AND INSTITUTION
  4. MARKET BY SERVICE PROVIDERS
    • THIRD PARTY SERVICE PROVIDERS
    • ORIGINAL EQUIPMENT MANUFACTURERS
    • OTHER SERVICE PROVIDERS
  5. MARKET BY SERVICE CONTRACTS
    • STANDARDIZED SERVICE CONTRACT
    • CUSTOMIZED SERVICE CONTRACTS
  6. MARKET BY APPLICATIONS
    • CLINICAL CHEMISTRY
    • MEDICAL MICROBIOLOGY & CYTOLOGY
    • HUMAN & TUMOR GENETICS
    • OTHER ESOTERIC TESTS
  7. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • PRICE
      • PRODUCT SERVICING & WARRANTY
      • AVAILABILITY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • SUPPLIERS
      • RESEARCH & DEVELOPMENT
      • ASSEMBLY & MANUFACTURING
      • RETAIL & MARKETING
      • END USERS
    • LEGAL, POLICY & REGULATORY FRAMEWORK
  8. ASIA PACIFIC
    • CHINA
    • INDIA
    • JAPAN
    • AUSTRALIA
    • SOUTH KOREA
    • REST OF ASIA PACIFIC
  9. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • COMPANY PROFILES
      • THERMO FISHER SCIENTIFIC INC.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • ABBOTT LABORATORIES
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • MILLIPORESIGMA (MERCK)
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • MINDRAY MEDICAL INTERNATIONAL LIMITED
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • PERKINELMER INC.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • SIEMENS HEALTHCARE GMBH
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • EPPENDORF AG
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • HITACHI HIGH-TECHNOLOGIES CORPORATION
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • HETTICH INSTRUMENTS, LP
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • PACE ANALYTICAL SERVICES, INC.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • WATERS CORPORATION
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • TRANSCAT
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • AGILENT TECHNOLOGIES INC.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • DANAHER CORPORATION
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • C&M SCIENTIFIC LTD.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS

LIST OF TABLES

TABLE 1. NORTH AMERICA LABORATORY EQUIPMENT SERVICES MARKET, BY COUNTRY, 2019-2027 (IN $ MILLIONS)

TABLE 2. NORTH AMERICA LABORATORY EQUIPMENT SERVICES MARKET, BY SERVICE TYPE, 2019-2027, (IN $ MILLIONS)

TABLE 3. NORTH AMERICA LABORATORY EQUIPMENT SERVICES MARKET, BY EQUIPMENT TYPE, 2019-2027, (IN $ MILLIONS)

TABLE 4. NORTH AMERICA LABORATORY EQUIPMENT SERVICES MARKET, BY END USER, 2019-2027, (IN $ MILLIONS)

TABLE 5. NORTH AMERICA LABORATORY EQUIPMENT SERVICES MARKET, BY SERVICE PROVIDERS 2019-2027, (IN $ MILLIONS)

TABLE 6. NORTH AMERICA LABORATORY EQUIPMENT SERVICES MARKET, BY SERVICE CONTRACTS, 2019-2027, (IN $ MILLIONS)

TABLE 7. NORTH AMERICA LABORATORY EQUIPMENT SERVICES MARKET, BY APPLICATIONS, 2019-2027, (IN $ MILLIONS)

TABLE 8. OPPORTUNITY MATRIX

TABLE 9. VENDOR LANDSCAPE

TABLE 10. LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 11. NORTH AMERICA LABORATORY EQUIPMENT SERVICES MARKET, BY COUNTRY, 2019-2027, (IN $ MILLIONS)

LIST OF FIGURES

FIGURE 1. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY SERVICE PROVIDERS, 2018 & 2027 (IN %)

FIGURE 2. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY CALIBRATION SERVICES, 2019-2027 (IN $ MILLIONS)

FIGURE 3. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY VALIDATION SERVICES, 2019-2027 (IN $ MILLIONS)

FIGURE 4. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY REPAIR & MAINTENANCE SERVICES, 2019-2027 (IN $ MILLIONS)

FIGURE 5. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY OTHER SERVICES, 2019-2027 (IN $ MILLIONS)

FIGURE 6. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY GENERAL EQUIPMENT, 2019-2027 (IN $ MILLIONS)

FIGURE 7. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY ANALYTICAL EQUIPMENT, 2019-2027 (IN $ MILLIONS)

FIGURE 8. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY SPECIALTY EQUIPMENT, 2019-2027 (IN $ MILLIONS)

FIGURE 9. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY SUPPORT EQUIPMENT, 2019-2027 (IN $ MILLIONS)

FIGURE 10. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY PHARMACEUTICALS AND BIOTECHNOLOGY COMPANIES, 2019-2027 (IN $ MILLIONS)

FIGURE 11. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY CLINICAL & DIAGNOSTICS LABORATORIES, 2019-2027 (IN $ MILLIONS)

FIGURE 12. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY ACADEMIC RESEARCH AND INSTITUTION, 2019-2027 (IN $ MILLIONS)

FIGURE 13. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY THIRD PARTY SERVICE PROVIDERS, 2019-2027 (IN $ MILLIONS)

FIGURE 14. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY ORIGINAL EQUIPMENT MANUFACTURERS, 2019-2027 (IN $ MILLIONS)

FIGURE 15. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY OTHER SERVICE PROVIDERS, 2019-2027 (IN $ MILLIONS)

FIGURE 16. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY STANDARDIZED SERVICE CONTRACT, 2019-2027 (IN $ MILLIONS)

FIGURE 17. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY CUSTOMIZED SERVICE CONTRACTS, 2019-2027 (IN $ MILLIONS)

FIGURE 18. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY CLINICAL CHEMISTRY, 2019-2027 (IN $ MILLIONS)

FIGURE 19. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY MEDICAL MICROBIOLOGY & CYTOLOGY, 2019-2027 (IN $ MILLIONS)

FIGURE 20. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY HUMAN & TUMOR GENETICS, 2019-2027 (IN $ MILLIONS)

FIGURE 21. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, BY OTHER ESOTERIC TESTS, 2019-2027 (IN $ MILLIONS)

FIGURE 22. PORTER’S FIVE FORCE ANALYSIS

FIGURE 23. KEY BUYING CRITERIA ANALYSIS

FIGURE 24. VALUE CHAIN ANALYSIS

FIGURE 25. ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 26. CHINA LABORATORY EQUIPMENT SERVICES MARKET, 2019-2027 (IN $ MILLIONS)

FIGURE 27. INDIA LABORATORY EQUIPMENT SERVICES MARKET, 2019-2027 (IN $ MILLIONS)

FIGURE 28. JAPAN LABORATORY EQUIPMENT SERVICES MARKET, 2019-2027 (IN $ MILLIONS)

FIGURE 29. AUSTRALIA LABORATORY EQUIPMENT SERVICES MARKET, 2019-2027 (IN $ MILLIONS)

FIGURE 30. SOUTH KOREA LABORATORY EQUIPMENT SERVICES MARKET, 2019-2027 (IN $ MILLIONS)

FIGURE 31. REST OF ASIA PACIFIC LABORATORY EQUIPMENT SERVICES MARKET, 2019-2027 (IN $ MILLIONS)

FIGURE 32. MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2018 (IN %)

  1. ASIA PACIFIC
    • CHINA
    • INDIA
    • JAPAN
    • AUSTRALIA
    • SOUTH KOREA
    • REST OF ASIA PACIFIC
  2. MARKET BY SERVICE TYPE
    • CALIBRATION SERVICES
    • VALIDATION SERVICES
    • REPAIR & MAINTENANCE SERVICES
    • OTHER SERVICES
  3. MARKET BY EQUIPMENT TYPE
    • GENERAL EQUIPMENT
    • ANALYTICAL EQUIPMENT
    • SPECIALTY EQUIPMENT
    • SUPPORT EQUIPMENT
  4. MARKET BY END USER
    • PHARMACEUTICALS AND BIOTECHNOLOGY COMPANIES
    • CLINICAL & DIAGNOSTICS LABORATORIES
    • ACADEMIC RESEARCH AND INSTITUTION
  5. MARKET BY SERVICE PROVIDERS
    • THIRD PARTY SERVICE PROVIDERS
    • ORIGINAL EQUIPMENT MANUFACTURERS
    • OTHER SERVICE PROVIDERS
  6. MARKET BY SERVICE CONTRACTS
    • STANDARDIZED SERVICE CONTRACT
    • CUSTOMIZED SERVICE CONTRACTS
  7. MARKET BY APPLICATIONS
    • CLINICAL CHEMISTRY
    • MEDICAL MICROBIOLOGY & CYTOLOGY
    • HUMAN & TUMOR GENETICS
    • OTHER ESOTERIC TESTS

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