Laboratory Equipment Services Market by Service (Repair, Calibration, Validation), Equipment (Analytical, Specialty), Service Provider (OEM, Third Party), Service Contracts (Standardized, and Customized), End User - Global Forecast to 2021

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Date: 14-Sep-2016
No. of pages: 136
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The global laboratory equipment services market, in terms of value, is projected to reach USD 11.51 billion by 2021 from USD 6.50 billion in 2016, at a CAGR of 10.0% during the forecast period. The laboratory equipment services market is segmented based on service type, equipment type, service contract, service provider, end user, and region.

Growth in this market is mainly driven by the increasing research in the pharmaceutical and biotechnology industries and the growing need for the timely and effective diagnosis of diseases. Furthermore, developing markets such as India and China and the increasing number of asset management companies provides significant growth opportunities for the laboratory equipment services market. On the other hand, factors such the increasing focus to cut costs among healthcare providers and pharmaceutical companies, and the high cost of equipment service contracts may restrain market growth.

The laboratory equipment services market, by service type, includes repair and maintenance, calibration, validation, and other services (procurement, cleaning, and testing). The repair and maintenance segment is expected to provide strong growth opportunities for market players in the forecast period.

Based on end user, the market is segmented into clinical and diagnostic laboratories, pharmaceutical and biotechnology companies, and academic and research institutions. The clinical and diagnostic laboratories segment is expected to dominate the market in 2016 and grow at the highest CAGR during the forecast period.

Asia is expected to register the highest growth in the laboratory equipment services market, by region. This is due to the increasing focus of pharmaceutical and biotechnology industries on developing Asian countries for conducting clinical trials, which is in turn attributed to the cost-advantages in Asian countries and the presence of a skilled workforce.

Apart from the comprehensive geographical analysis, product analysis, and market sizing, the report also provides a study of the competitive landscape that covers the growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on the key players and their product portfolios, developments, and strategies adopted. The above-mentioned market research data, current market sizes, and forecast of future trends will help key players and new entrants make informed decisions regarding product offerings, geographical focus, and changes in strategic approach, R&D investments, and levels of output in order to remain successful.

Key players in the market are focused on organic and inorganic strategies such as agreements, collaboration, expansion, new product launches, and partnerships for growth. Prominent players in the laboratory equipment services market include Agilent Technologies (U.S.), Danaher Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Waters Corporation (U.S.), and Mindray Medical International Limited (China). Other players include Eppendorf AG (Germany), Pace Analytical Services, Inc. (U.S.), Hettich Instruments, LP. (U.S.), Merck Millipore (Germany), PerkinElmer Inc. (U.S.), Siemens Healthcare GmbH‎ (Germany), and Hitachi High-Technologies Corporation (Japan).

Objectives of the study:


  • To define, describe, and forecast the laboratory equipment services market on the basis of equipment, service provider, service type, service contract, and end user

  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)

  • To analyze micro markets with respect to individual growth trends, future prospects, and contributions to the overall market

  • To analyze opportunities in the market for key stakeholders and provide details of the competitive landscape for major market leaders

  • To forecast the size of the market with respect to four main regions—North America, Europe, Asia, and the Rest of the World

  • To profile key players and comprehensively analyze their market shares and core competencies

  • To track and analyze competitive developments in the laboratory equipment services market


Target Audience:


  • Equipment-manufacturing Companies

  • Pharmaceutical and Biotechnology Companies

  • Healthcare Institutions (Hospitals and Clinics)

  • Research Institutes

  • Laboratory Equipment Insurance Providers

  • Market Research and Consulting Firms


Scope of the Report

Laboratory Equipment Services Market, by Service Type


  • Repair and Maintenance

  • Calibration

  • Validation

  • Other Services


Laboratory Equipment Services Market, by Equipment Type


  • Analytical Equipment

  • General Equipment

  • Support Equipment

  • Specialty Equipment


Laboratory Equipment Services Market, by Service Contract


  • Standardized

  • Customized


Laboratory Equipment Services Market, by Service Providers


  • Original Equipment Manufacturers

  • Third-party Service Agencies

  • Others


Laboratory Equipment Services Market, by End User


  • Pharmaceutical and Biotechnology Companies

  • Clinical and Diagnostic Laboratories

  • Academic Institutes


Laboratory Equipment Services Market, by Region    

North America


  • U.S.

  • Canada


Europe                


  • Germany

  • France

  • U.K.

  • Rest of Europe (RoE)


Asia


  • China

  • India

  • Japan

  • Rest of Asia (RoA)


Rest of the World (RoW)

Laboratory Equipment Services Market by Service (Repair, Calibration, Validation), Equipment (Analytical, Specialty), Service Provider (OEM, Third Party), Service Contracts (Standardized, and Customized), End User - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Key Data From Secondary Sources
2.4 Key Data From Primary Sources
2.5 Assumptions for the Study

3 Executive Summary
3.1 Conclusion

4 Premium Insights
4.1 Laboratory Equipment Services: Market Overview
4.2 Laboratory Equipment Services Market, By Service Type
4.3 Geographic Analysis: Market, By Equipment Type
4.4 Laboratory Equipment Services Market, By End User
4.5 Geographic Snapshot of the Laboratory Equipment Services Market (2016)

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Laboratory Equipment Services Market
5.3 Market Dynamics
5.3.1 Market Drivers
5.3.1.1 Increasing Number of Research Activities in Pharmaceutical and Biotechnology Industries
5.3.1.2 Growing Need for Timely and Effective Diagnosis of Diseases
5.3.2 Market Restraints
5.3.2.1 Growing Focus on Minimizing Healthcare Costs
5.3.2.2 High Cost of Service Contracts
5.3.3 Opportunities
5.3.3.1 Increasing Demand for Laboratory Automation
5.3.3.2 Emerging Markets
5.3.3.3 Growth in Asset Management Companies
5.3.4 Challenges
5.3.4.1 Limited Scope of Innovation
5.3.4.2 Highly Fragmented Nature of the Market

6 Laboratory Equipment Services Market, By Regulatory
6.1 Introduction
6.2 Regulatory Bodies
6.3 Osha Standards of Preventive Maintenance

7 Laboratory Equipment Services Market, By Service Type
7.1 Introduction
7.2 Repair and Maintenance Services
7.3 Calibration Services
7.4 Validation Services
7.5 Other Services

8 Laboratory Equipment Services Market, By Equipment Type
8.1 Introduction
8.2 Analytical Equipment
8.3 General Equipment
8.4 Specialty Equipment
8.5 Support Equipment

9 Laboratory Equipment Services Market, By Service Contract
9.1 Introduction
9.2 Standardized Service Contracts
9.3 Customized Service Contracts

10 Laboratory Equipment Services Market, By Service Provider
10.1 Introduction
10.2 Original Equipment Manufacturers
10.3 Third-Party Service Providers
10.4 Other Service Provider

11 Laboratory Equipment Services Market, By End User
11.1 Introduction
11.2 Clinical & Diagnostic Laboratories
11.3 Pharmaceutical & Biotechnology Companies
11.4 Academic & Research Institutions

12 Laboratory Equipment Services Market, By Region
12.1 Introduction
12.2 North America
12.2.1 U.S.
12.2.2 Canada
12.3 Europe
12.3.1 Germany
12.3.2 France
12.3.3 U.K.
12.3.4 Rest of Europe (RoE)
12.4 Asia
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 Rest of Asia (RoA)
12.5 Rest of the World

13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis
13.3 Competitive Situation and Trends
13.3.1 Agreements and Collaborations
13.3.2 Product Launches
13.3.3 Expansions
13.3.4 Acquisitions

14 Company Profiles
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
14.1 Introduction
14.2 Agilent Technologies
14.3 Thermo Fisher Scientific Inc.
14.4 Waters Corporation
14.5 Danaher Corporation
14.6 Mindray Medical International Limited
14.7 Hitachi High-Technologies Corporation
14.8 Eppendorf AG
14.9 Hettich Instruments, LP
14.10 Perkinelmer, Inc.
14.11 Pace Analytical Services, Inc.
14.12 Merck Millipore
14.13 Siemens Healthcare (A Subsidiary of Siemens AG)

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Insights From Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.4 Introducing RT : Real-Time Market Intelligence
15.5 Available Customizations
15.6 Related Reports

List of Tables

Table 1 Increasing Number of Research Activities in PhARMaceutical and BIoTechnology Industries to Drive Market Growth
Table 2 High Cost of Service Contracts to Restrain Market Growth
Table 3 Emerging Markets to Provide Significant Growth Opportunities for Market Players
Table 4 Limited Scope of Innovation is A Major Challenge in the Market
Table 5  Market Size, By Service Type, 2014-2021 (USD Million)
Table 6 Repair and Maintenance Services Market Size, By Region, 2014-2021 (USD Million)
Table 7 Calibration Services Market Size, By Region, 2014-2021 (USD Million)
Table 8 Validation Services Market Size, By Region, 2014-2021 (USD Million)
Table 9 Other Services Market Size, By Region, 2014-2021 (USD Million)
Table 10 Market Size, By Equipment Type, 2014–2021 (USD Million)
Table 11 Analytical Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 12 General Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 13 Specialty Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 14 Support Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 15 Market Size, By Service Contract, 2014-2021 (USD Million)
Table 16 Standardized Service Contracts Market Size, By Region, 2014-2021 (USD Million)
Table 17 Customized Service Contracts Market Size, By Region, 2014-2021 (USD Million)
Table 18 Size, By Service Provider, 2014-2021 (USD Million)
Table 19 Original Equipment Manufacturers Service Providermarket Size, By Region, 2014-2021 (USD Million)
Table 20 Third-Party Service Provider Market Size, By Region, 2014-2021 (USD Million)
Table 21 Other Service Providermarket Size, By Region, 2014-2021 (USD Million)
Table 22 Market Size, By End User, 2014-2021 (USD Million)
Table 23 Market Size for Clinical and Diagnostic Laboratories, By Region, 2014-2021 (USD Million)
Table 24 Market Size for PhARMaceutical and BIoTechnology Companies, By Region, 2014-2021 (USD Million)
Table 25 Market Size for Academic & Research Institutions, By Region, 2014-2021 (USD Million)
Table 26 Global Market Size, By Region, 2014–2021 (USD Million)
Table 27 North America: Market, By Country, 2014–2021 (USD Million)
Table 28 North America: Market, By Service Type, 2014–2021 (USD Million)
Table 29 North America: Market, By Equipment Type, 2014–2021 (USD Million)
Table 30 North America: Market, By Service Provider, 2014–2021 (USD Million)
Table 31 North America: Market, By Service Contract, 2014–2021 (USD Million)
Table 32 North America: Market, By End User, 2014–2021 (USD Million)
Table 33 U.S.: Market, By Service Type, 2014–2021 (USD Million)
Table 34 U.S.: Market, By Equipment Type, 2014–2021 (USD Million)
Table 35 U.S.: Market, By Service Provider, 2014–2021 (USD Million)
Table 36 U.S.: Market, By Service Contract, 2014–2021 (USD Million)
Table 37 U.S.: Market, By End User, 2014–2021 (USD Million)
Table 38 Canada: Market, By Service Type, 2014–2021 (USD Million)
Table 39 Canada: Market, By Equipment Type, 2014–2021 (USD Million)
Table 40 Canada: Market, By Service Provider, 2014–2021 (USD Million)
Table 41 Canada: Market, By Service Contract, 2014–2021 (USD Million)
Table 42 Canada: Market, By End User, 2014–2021 (USD Million)
Table 43 Europe: Market, By Country, 2014–2021 (USD Million)
Table 44 Europe: Market, By Service Type, 2014–2021 (USD Million)
Table 45 Europe: Market, By Equipment Type, 2014–2021 (USD Million)
Table 46 Europe: Market, By Service Provider, 2014–2021 (USD Million)
Table 47 Europe: Market, By Service Contract, 2014–2021 (USD Million)
Table 48 Europe: Market, By End User, 2014–2021 (USD Million)
Table 49 Germany: Market, By Service Type, 2014–2021 (USD Million)
Table 50 Germany: Market, By Equipment Type, 2014–2021 (USD Million)
Table 51 Germany: Market, By Service Provider, 2014–2021 (USD Million)
Table 52 Germany: Market, By Service Contract, 2014–2021 (USD Million)
Table 53 Germany: Market, By End User, 2014–2021 (USD Million)
Table 54 France: Market, By Service Type, 2014–2021 (USD Million)
Table 55 France: Market, By Equipment Type, 2014–2021 (USD Million)
Table 56 France: Market, By Service Provider, 2014–2021 (USD Million)
Table 57 France: Market, By Service Contract, 2014–2021 (USD Million)
Table 58 France: Market, By End User, 2014–2021 (USD Million)
Table 59 U.K.: Market, By Service Type, 2014–2021 (USD Million)
Table 60 U.K.: Market, By Equipment Type, 2014–2021 (USD Million)
Table 61 U.K.: Market, By Service Provider, 2014–2021 (USD Million)
Table 62 U.K.: Market, By Service Contract, 2014–2021 (USD Million)
Table 63 U.K.: Market, By End User, 2014–2021 (USD Million)
Table 64 Rest of Europe: Market, By Service Type, 2014–2021 (USD Million)
Table 65 Rest of Europe: Market, By Equipment Type, 2014–2021 (USD Million)
Table 66 Rest of Europe: Market, By Service Provider, 2014–2021 (USD Million)
Table 67 Rest of Europe: Market, By Service Contract, 2014–2021 (USD Million)
Table 68 Rest of Europe: Market, By End User, 2014–2021 (USD Million)
Table 69 Asia: Market, By Country, 2014–2021 (USD Million)
Table 70 Asia: Market, By Service Type, 2014–2021 (USD Million)
Table 71 Asia: Market, By Equipment Type, 2014–2021 (USD Million)
Table 72 Asia: Market, By Service Provider, 2014–2021 (USD Million)
Table 73 Asia: Market, By Service Contract, 2014–2021 (USD Million)
Table 74 Asia: Market, By End User, 2014–2021 (USD Million)
Table 75 China: Market, By Service Type, 2014–2021 (USD Million)
Table 76 China: Market, By Equipment Type, 2014–2021 (USD Million)
Table 77 China: Market, By Service Provider, 2014–2021 (USD Million)
Table 78 China: Market, By Service Contract, 2014–2021 (USD Million)
Table 79 China: Market, By End User, 2014–2021 (USD Million)
Table 80 India: Market, By Service Type, 2014–2021 (USD Million)
Table 81 India: Market, By Equipment Type, 2014–2021 (USD Million)
Table 82 India: Market, By Service Provider, 2014–2021 (USD Million)
Table 83 India: Market, By Service Contract, 2014–2021 (USD Million)
Table 84 India: Market, By End User, 2014–2021 (USD Million)
Table 85 Japan: Market, By Service Type, 2014–2021 (USD Million)
Table 86 Japan: Market, By Equipment Type, 2014–2021 (USD Million)
Table 87 Japan: Market, By Service Provider, 2014–2021 (USD Million)
Table 88 Japan: Market, By Service Contract, 2014–2021 (USD Million)
Table 89 Japan: Market, By End User, 2014–2021 (USD Million)
Table 90 Rest of Asia: Market, By Service Type, 2014–2021 (USD Million)
Table 91 Rest of Asia: Market, By Equipment Type, 2014–2021 (USD Million)
Table 92 Rest of Asia: Market, By Service Provider, 2014–2021 (USD Million)
Table 93 Rest of Asia: Market, By Service Contract, 2014–2021 (USD Million)
Table 94 Rest of Asia: Market, By End User, 2014–2021 (USD Million)
Table 95 Rest of the World: Market, By Service Type, 2014–2021 (USD Million)
Table 96 Rest of the World: Market, By Equipment Type, 2014–2021 (USD Million)
Table 97 Rest of the World: Market, By Service Provider, 2014–2021 (USD Million)
Table 98 Rest of the World: Market, By Service Contract, 2014–2021 (USD Million)
Table 99 Rest of the World: Market, By End User, 2014–2021 (USD Million)
Table 100 Agreements & Collaborations
Table 101 Product Launches
Table 102 Expansions
Table 103 Acquistions

List of Figures

Figure 1 Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation Methodology
Figure 6 Laboratory Equipment Services Market Size, By Service Type, 2016 vs 2021
Figure 7 Laboratory Equipment Services Market Size, By Equipment Type, 2016 vs 2021
Figure 8 Laboratory Equipment Services Market Size, By Service Contract, 2016 vs 2021
Figure 9 Laboratory Equipment Services Market Size, By End User, 2016 vs 2021
Figure 10 Geographical Snapshot of the Laboratory Equipment Services Market (2016)
Figure 11 Increasing Number of Research Activities in Pharmaceutical and Biotechnology Industries to Drive Market Growth in the Forecast Period
Figure 12 Repair & Maintenance Segment to Account for the Largest Market Share in 2016
Figure 13 Analytical Equipment Segment Will Dominate the Market in 2016
Figure 14 Clinical& Diagnostic Laboratories Segment to Witness High Growth From 2016 to 2021
Figure 15 U.S. to Dominate the Laboratory Equipment Services Market in 2016
Figure 16 Laboratory Equipment Services Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Laboratory Equipment Services Market, By Equipment Type
Figure 18 North America: Laboratory Equipment Services Market Snapshot (2016-2021)
Figure 19 Europe: Laboratory Equipment Services Market Snapshot (2016-2021)
Figure 20 Asia: Laboratory Equipment Services Market Snapshot (2016-2021)
Figure 21 RoW: Laboratory Equipment Services Market Snapshot (2016-2021)
Figure 22 Key Players Adopted Organic as Well as Inorganic Growth Strategies Between 2013 and 2016
Figure 23 Laboratory Equipment Services Market Share Analysis, By Key Player (2016)
Figure 24 Battle for Market Share: Agreements & Collaborations Were the Key Strategies Adopted By Market Players
Figure 25 Service Benchmarking for Top 5 Market Players
Figure 26 Agilent Technologies: Company Snapshot
Figure 27 Thermo Fisher Scientific Inc.: Company Snapshot
Figure 28 Waters Corporation: Company Snapshot
Figure 29 Danaher Corporation: Company Snapshot
Figure 30 Hitachi High-Technologies Corporation: Company Snapshot
Figure 31 Eppendorf AG: Company Snapshot
Figure 32 Perkinelmer, Inc.: Company Snapshot
Figure 33 Merck KGaA: Company Snapshot
Figure 34 Siemens AG: Company Snapshot

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