Platelet incubators market accounted for a market value of US$ 340.4 Mn in 2017 and projected to grow at a CAGR of 5.2% during the forecast period from 2018 to 2026. Platelet incubators known as the microprocessor-integrated systems created to avail high stability of temperature for platelet concentrates storage. The facility of forced air circulation helps to retain constant temperature throughout the unit; this prevents spoilage of platelet concentrates. The overall application of platelet incubators expected to increase throughout the forecast period due to increasing prevalence of dengue in tropical countries, rising prevalence of hematological diseases that require transfusion of platelets, and rising awareness related to platelet concentrate storage and applications.
The global dental equipment market accounted for a value of US$ 5,840.8 Mn in 2020 and expected to attain US$ 9,215.7 Mn by 2029. Factors characterizing the growth of this market are globally growing older population, rising prevalence of oral diseases coupled with increased spending over dental care, and mounting technological advances in dental equipment. Novel technology-enabled dental handpieces provide higher efficiency and reduce the procedural time in tissues removal procedure. The new technologies enable a motor of 100-400,000 RPM with a persistent torque to treat hard tissues. These devices are comprised of automatic reversing feature for various endodontic procedures, thereby gaining popularity from dental care professionals.
Measurement techniques have been of great significance since the start of human civilization. In the 19th century, industrial revolution brought a rapid development in new measurement techniques and instruments to meet the needs of industrialized production techniques. The market for electronic weighing scales likely to witness a substantial growth owing to the constant need for determining exact weight.
Laboratory Informatics Market Is Projected to Expand At A CAGR Of 10.2% Between 2025 And 2033. Laboratory informatics is accounted as the fastest-growing segment in laboratory-related technologies. Paperless practices in laboratory setups are being adopted across the globe to avoid manual errors and maintain a complete repository of clinical data. Continuous development in information technology contributes to the overall growth of laboratory informatics. Laboratory informatics offers solutions to maintain laboratory documents, and clinical data repositories, stay in compliance with regulatory demand and manage audit trails. These systems are integrated with laboratory technologies thus easing out the data compilation process.
Gas chromatography finds tremendous applications in medical science especially during the drug discovery and development studies. Active constituents imparting therapeutic potency present in herbal medicines can be examined and determined by the gas chromatographic analysis. Toxicology employs gas chromatography to determine the toxic metabolites concentration.
This report on global high performance liquid chromatography studies the market in terms of products. Rising prevalence of chronic diseases such as cardiovascular complications, diabetes, asthma, etc. requiring effective drug formulation for its treatment. Diverse application of HPLC in clinical and forensic research, drug discovery and development and extraction of biomolecules propels the deep market penetration for HPLC.
Recirculating chillers refer to a closed-loop system that is designed to cool an external device. These are portable systems and hence offer high flexibility of operation irrespective of location and space. Today, manufacturers are focusing on developing compact chillers that can be installed over small places making them suitable for wide array of applications.
This report on clinical laboratory services market studies various test types and service providers. Clinical laboratory comprises of anatomic pathology, clinical microbiology, and hematology. According to market experts, The market for medical microbiology & cytology tests is expected to grow at the fastest CAGR during the forecast period owing to increasing incidence rates of infectious diseases globally, leading to an increase in procedure volumes. Hospital-based laboratories are the largest segment of clinical laboratory services market.
Rapid microbiology tests, also known as alternative microbiological methods, are the technologies that allow the user to get microbiology test results faster compared to the traditional culture-plate methods. Rapid microbiology testing provides the qualitative, quantitative, and identification results. In the next few years the demand for rapid microbiology tests in food and beverages industry is expected to increase significantly in the emerging economies such as China and India.
The laboratory equipment market is predicted to grow at a CAGR of 14% between 2023 and 2030. The increasing number of research activities in the pharmaceutical and biotechnology industries, the rising demand for accurate and timely disease diagnosis, and the rising investments and government research funding to support biomedical research activities are the primary growth drivers of the laboratory equipment service market. However, the change from laboratory-based diagnosis to home-based/POC testing and the high cost of service contracts are the primary factors inhibiting the expansion of this industry.
The Laboratory Equipment and Disposables Market is anticipated to expand as the biotechnology, pharmaceutical, and medical device sectors raise their demand for these product categories. A rise in public health concerns, leading to higher government and private sector investments, is also anticipated to contribute to the market's expansion. As a result of technical advances, lab equipment makers have created innovative items, which have propelled the market for lab equipment and disposables.
According to a report published by the International Federation of Pharmaceutical Manufacturers and Associations in 2022, annual research and development spending in the pharmaceutical industry was 7.3 times that of the aerospace and defense industries and biopharmaceutical industry, 6.5 times that of the chemicals industry, and 1.5 times that of the software and computer services industry. According to the same analysis, global spending on biopharmaceutical research and development is expected to exceed $202 billion in 2022. Large market investments are believed to raise the demand for laboratory equipment and disposables in the development of biopharmaceuticals, consequently driving the market's expansion.
The increasing amount of investments in the research operations of the pharmaceutical and biotechnology industries are also anticipated to provide several prospects for market expansion. In addition, increasing investments and government research funding to support biomedical research activities, as well as increased government financing for research organizations and academic institutions, are anticipated to create profitable market prospects. However, the high cost of services contracts may hinder the growth of demand and market revenue for Laboratory Equipment.
Acute Market Reports is a market research and consulting company with a focus on the laboratory equipment market. Acute Market Reports' futuristic research technique, benefits our clients by enabling them to make timely and well-considered business decisions. To deliver cutting-edge strategic research solutions to our international customers, we work with a wide range of industry participants.
