KEY FINDINGS
The Asia Pacific laboratory equipment services market is anticipated to grow at the maximum CAGR of 9.98% during the 2019-2027 forecasting period. This region, in 2018, accounted for a revenue share of XX % in the global laboratory equipment services market. China, India, Japan, Australia, South Korea and the collective countries forming the Rest of Asia Pacific are considered for the market study.
MARKET INSIGHTS
The prerequisite verification carried out by the original equipment manufacturer for equipment qualification especially in the APAC's life science sector that is undergoing increasing research and development are reaping major revenues for the regional market. These steps are performed for achieving high standard end-results in the research field, which is thereby benefiting the laboratory equipment services market. China is the largest shareholder for the said regional market which can be mainly reasoned to the surging number of clinical trials coupled with magnified growth in the country's pharmaceutical market.
COMPETITIVE INSIGHTS
Transcat, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Perkinelmer Inc., Pace Analytical Services, Inc., Milliporesigma (Merck), Hettich Instruments LP, Mindray Medical International Limited, Siemens Healthcare GmBH, Eppendorf AG, Hitachi High-Technologies Corporation, Waters Corporation, Danaher Corporation, C&M Scientific Ltd. and Abbott Laboratories are the major market players in APAC region.
Asia Pacific Laboratory Equipment Services Market Forecast 2019-2027
Table of Contents
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP-DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. INCREASE IN NUMBER OF CHRONIC DISEASES
3.2.2. ORIGINAL EQUIPMENT MANUFACTURERS TO HOLD SUPERIORITY IN SERVICE PROVIDER SEGMENT
3.2.3. ASIA PACIFIC REGION IS THE FASTEST GROWING AMONGST OTHERS
3.2.4. PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES MARKET IS EXPECTED TO WITNESS THE BOOM
3.2.5. CUSTOMIZED SERVICE CATEGORY IS EXPECTED TO GROW FASTER THAN OTHER CATEGORIES IN SERVICE CONTRACTS SEGMENT
3.2.6. GLOBAL SPENDING ON RESEARCH AND DEVELOPMENT IS GROWING RAPIDLY
3.2.7. GLOBAL HEALTHCARE EXPENDITURE IS RISING STEADILY WORLDWIDE
3.2.8. INVESTMENTS IS GROWING IN PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
4. MARKET DYNAMICS
4.1. ETYMOLOGY OF LABORATORY EQUIPMENT SERVICES
4.2. MARKET SCOPE & DEFINITION
4.3. MARKET DRIVERS
4.3.1. GROWTH OF RESEARCH ACTIVITIES IN BIOTECH INDUSTRY WORLDWIDE
4.3.2. INCREASE IN NEED FOR TIMELY DIAGNOSIS OF DISEASES
4.3.3. NUMBER OF CHRONIC DISEASES IS RISING STEADILY
4.3.4. GROWTH OF MEDICAL TOURISM IN DEVELOPING NATIONS
4.4. MARKET RESTRAINTS
4.4.1. INCREASE IN FOCUS ON REDUCING LABORATORY COST
4.4.2. HIGH COST OF SERVICE CONTRACTS
4.5. MARKET OPPORTUNITIES
4.5.1. GROWTH OF AUTOMATION IN LABORATORY
4.5.2. ADOPTION OF ASSET MANAGEMENT COMPANY IN BIOTECHNOLOGY INDUSTRY
4.6. MARKET CHALLENGES
4.6.1. SCOPE OF INNOVATION IS LIMITED
4.6.2. MARKET IS HIGHLY DIVERSIFIED IN NATURE
5. MARKET BY SERVICE TYPE
5.1. CALIBRATION SERVICES
5.2. VALIDATION SERVICES
5.3. REPAIR & MAINTENANCE SERVICES
5.4. OTHER SERVICES
6. MARKET BY EQUIPMENT TYPE
6.1. GENERAL EQUIPMENT
6.2. ANALYTICAL EQUIPMENT
6.3. SPECIALTY EQUIPMENT
6.4. SUPPORT EQUIPMENT
7. MARKET BY END USER
7.1. PHARMACEUTICALS AND BIOTECHNOLOGY COMPANIES
7.2. CLINICAL & DIAGNOSTICS LABORATORIES
7.3. ACADEMIC RESEARCH AND INSTITUTION
8. MARKET BY SERVICE PROVIDERS
8.1. THIRD PARTY SERVICE PROVIDERS
8.2. ORIGINAL EQUIPMENT MANUFACTURERS
8.3. OTHER SERVICE PROVIDERS
9. MARKET BY SERVICE CONTRACTS
9.1. STANDARDIZED SERVICE CONTRACT
9.2. CUSTOMIZED SERVICE CONTRACTS
10. MARKET BY APPLICATIONS
10.1. CLINICAL CHEMISTRY
10.2. MEDICAL MICROBIOLOGY & CYTOLOGY
10.3. HUMAN & TUMOR GENETICS
10.4. OTHER ESOTERIC TESTS
11. KEY ANALYTICS
11.1. PORTER'S FIVE FORCE MODEL
11.1.1. THREAT OF NEW ENTRANTS
11.1.2. THREAT OF SUBSTITUTE
11.1.3. BARGAINING POWER OF SUPPLIERS
11.1.4. BARGAINING POWER OF BUYERS
11.1.5. THREAT OF COMPETITIVE RIVALRY
11.2. KEY BUYING CRITERIA
11.2.1. PRICE
11.2.2. PRODUCT SERVICING & WARRANTY
11.2.3. AVAILABILITY
11.3. OPPORTUNITY MATRIX
11.4. VENDOR LANDSCAPE
11.5. VALUE CHAIN ANALYSIS
11.5.1. SUPPLIERS
11.5.2. RESEARCH & DEVELOPMENT
11.5.3. ASSEMBLY & MANUFACTURING
11.5.4. RETAIL & MARKETING
11.5.5. END USERS
11.6. LEGAL, POLICY & REGULATORY FRAMEWORK
12. ASIA PACIFIC
12.1. CHINA
12.2. INDIA
12.3. JAPAN
12.4. AUSTRALIA
12.5. SOUTH KOREA
12.6. REST OF ASIA PACIFIC
13. COMPETITIVE LANDSCAPE
13.1. MARKET SHARE ANALYSIS
13.2. COMPANY PROFILES
13.2.1. THERMO FISHER SCIENTIFIC INC.
13.2.1.1. OVERVIEW
13.2.1.2. PRODUCT PORTFOLIO
13.2.1.3. STRATEGIC INITIATIVES
13.2.1.4. SCOT ANALYSIS
13.2.2. ABBOTT LABORATORIES
13.2.2.1. OVERVIEW
13.2.2.2. PRODUCT PORTFOLIO
13.2.2.3. STRATEGIC INITIATIVES
13.2.2.4. SCOT ANALYSIS
13.2.3. MILLIPORESIGMA (MERCK)
13.2.3.1. OVERVIEW
13.2.3.2. PRODUCT PORTFOLIO
13.2.3.3. STRATEGIC INITIATIVES
13.2.3.4. SCOT ANALYSIS
13.2.4. MINDRAY MEDICAL INTERNATIONAL LIMITED
13.2.4.1. OVERVIEW
13.2.4.2. PRODUCT PORTFOLIO
13.2.4.3. STRATEGIC INITIATIVES
13.2.4.4. SCOT ANALYSIS
13.2.5. PERKINELMER INC.
13.2.5.1. OVERVIEW
13.2.5.2. PRODUCT PORTFOLIO
13.2.5.3. STRATEGIC INITIATIVES
13.2.5.4. SCOT ANALYSIS
13.2.6. SIEMENS HEALTHCARE GMBH
13.2.6.1. OVERVIEW
13.2.6.2. PRODUCT PORTFOLIO
13.2.6.3. STRATEGIC INITIATIVES
13.2.6.4. SCOT ANALYSIS
13.2.7. EPPENDORF AG
13.2.7.1. OVERVIEW
13.2.7.2. PRODUCT PORTFOLIO
13.2.7.3. STRATEGIC INITIATIVES
13.2.7.4. SCOT ANALYSIS
13.2.8. HITACHI HIGH-TECHNOLOGIES CORPORATION
13.2.8.1. OVERVIEW
13.2.8.2. PRODUCT PORTFOLIO
13.2.8.3. STRATEGIC INITIATIVES
13.2.8.4. SCOT ANALYSIS
13.2.9. HETTICH INSTRUMENTS, LP
13.2.9.1. OVERVIEW
13.2.9.2. PRODUCT PORTFOLIO
13.2.9.3. STRATEGIC INITIATIVES
13.2.9.4. SCOT ANALYSIS
13.2.10. PACE ANALYTICAL SERVICES, INC.
13.2.10.1. OVERVIEW
13.2.10.2. PRODUCT PORTFOLIO
13.2.10.3. STRATEGIC INITIATIVES
13.2.10.4. SCOT ANALYSIS
13.2.11. WATERS CORPORATION
13.2.11.1. OVERVIEW
13.2.11.2. PRODUCT PORTFOLIO
13.2.11.3. STRATEGIC INITIATIVES
13.2.11.4. SCOT ANALYSIS
13.2.12. TRANSCAT
13.2.12.1. OVERVIEW
13.2.12.2. PRODUCT PORTFOLIO
13.2.12.3. STRATEGIC INITIATIVES
13.2.12.4. SCOT ANALYSIS
13.2.13. AGILENT TECHNOLOGIES INC.
13.2.13.1. OVERVIEW
13.2.13.2. PRODUCT PORTFOLIO
13.2.13.3. STRATEGIC INITIATIVES
13.2.13.4. SCOT ANALYSIS
13.2.14. DANAHER CORPORATION
13.2.14.1. OVERVIEW
13.2.14.2. PRODUCT PORTFOLIO
13.2.14.3. STRATEGIC INITIATIVES
13.2.14.4. SCOT ANALYSIS
13.2.15. C&M SCIENTIFIC LTD.
13.2.15.1. OVERVIEW
13.2.15.2. PRODUCT PORTFOLIO
13.2.15.3. STRATEGIC INITIATIVES
13.2.15.4. 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 %)
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