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Laboratory Balances and Scales Market by Product (Balances (Analytical, Precision, Micro, Portable, Moisture), Scales (Bench, Counting, Compact)), End User (Pharmaceutical, Biotechnology, Chemical, Beverage, Petroleum, Academia) - Global Forecast to 2023

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Date: 30-Nov-2018
No. of pages: 157
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“The lab balances and scales market is projected to grow at a CAGR of 3.7% during the forecast period”

The global lab balances and scales market is projected to reach USD 1.6billion by 2023 from USD 1.3 billion in 2018, at a CAGR of 3.7%. The growth of this market is largely driven by factors such as increasingly stringent regulatory framework for product safety in biotechnology and pharmaceutical industries; growing public emphasis on Implementation of stringent food safety guidelines; and expansion of research pipeline among pharma-biotech and CROs. However, limited replacement rate of lab balances among end users is expected to hamper the market.

“The lab balances segment is expected to account for the largest market share during the forecast period”

Based on product, the lab balances and scales market is segmented into lab balances and lab scales. The lab balances segment is expected to account for the largest share of this market in 2018. The growing adoption of balances among key end users industries (owing to the greater regulatory compliance for product quality and increased research pipeline that replicate into higher lab balances usage) is the major factors driving the growth of this market segment.

“The pharmaceutical, cosmeceutical, and biotechnology product testing laboratories segment is estimated to grow at the highest rate during the forecast period”

On the basis of end user, the lab balances and scales market has been segmented into pharmaceutical, cosmeceutical, and biotechnology product testing laboratories; chemical and material testing laboratories; food and beverage testing laboratories; petroleum product testing laboratories; research laboratories & academic institutes, and other end users. The pharmaceutical, cosmeceutical, and biotechnology product testing laboratories segment is estimated to grow at the highest rate during the forecast period due to factors such as need to comply with product safety & quality regulations and growing public-private investments to strengthen the pipeline development of novel pharmaceutical and biotechnology products.

“Asia Pacific to witness high growth rate in global lab balances and scales market during the forecast period”

The lab balances and scales market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World. Asia Pacific is expected to register high growth rate in global lab balances and scales market in 2018.The increasing number of R&D activities, rising government healthcare expenditure, and presence of stringent regulatory policies (especially for food and drug safety)are some of the key factors supporting the growth of the Asia Pacific market. Furthermore, increasing usage of analytical instruments (include lab balances and scales) in the food industry (owing to the growing food safety concerns) and growth of the biotechnology and pharmaceutical industry are some of the other major factors driving the growth of the lab balances and scales market in Asia Pacific.

Breakdown of supply-side primary interviews:


  • By Company Type: Tier 1–25%, Tier 2–30%, and Tier 3–45%

  • By Designation:C-level–26%, Director-level–30%, and Others–44%

  • By Region: North America–35%, Europe–26%, APAC–23%, and RoW–16%


The major players in the market include A&D Company, Ltd (Japan), Metler Toledo international, Inc. (US), Sartorius AG (Germany), Shimadzu Corporation (Japan), PCE Instruments (UK), Kern & Sohn GmbH (Germany), RADWAG Balances and Scales (Poland), Adam Equipment Co. (UK), Avery Weigh-Tronix, LLC (UK), Bonso Electronics International, Inc. (China), Essae Group (India), and Gram Precision S.L (Spain).

Research Coverage

This report studies the lab balances and scales market based on product, end user, and region. The report also studies factors (such as drivers, restraints, and opportunities) affecting market growth. It analyzes the drivers, restraints, and opportunities in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions (and the respective countries in these regions).

Key Benefits of Buying the Report

This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the lab balances and scales market, and high-growth regions and their drivers, restraints, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

Laboratory Balances and Scales Market by Product (Balances (Analytical, Precision, Micro, Portable, Moisture), Scales (Bench, Counting, Compact)), End User (Pharmaceutical, Biotechnology, Chemical, Beverage, Petroleum, Academia) - Global Forecast to 2023

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 Used for the Study
1.5 Major Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Market Estimation Methodology
2.2.1 Usage Pattern-Based Market Estimation
2.2.2 Revenue Mapping-Based Market Estimation
2.2.3 Primary Research Validation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations

3 Executive Summary

4 Premium Insights
4.1 Laboratory Balances and Scales: Market Overview
4.2 Laboratory Balances Market, By Type, 2018 vs 2023
4.3 Laboratory Scales Market, By Type, 2018 vs 2023
4.4 Geographic Analysis: Laboratory Balances and Scales Market, By End User (2018)
4.5 Market, By Country (2018–2023)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Technological Advancements in Laboratory Balances and Scales
5.2.1.2 Expansion of the Research Pipeline of Pharma-Biotech Companies and Cros
5.2.1.3 Increasing Stringency of the Regulatory Framework for Product Safety Compliance in Pharma-Biotech Industries
5.2.1.4 Growing Public Emphasis on the Implementation of Stringent Food Safety Regulations
5.2.2 Restraints
5.2.2.1 Limited Replacement Rate Among End Users
5.2.3 Opportunities
5.2.3.1 Emerging Markets

6 Laboratory Balances and Scales Market, By Type
6.1 Introduction
6.2 Laboratory Balances
6.2.1 Analytical Balances
6.2.1.1 Procedural Benefits Offered By Analytical Balances to Drive Market Growth
6.2.2 Top-Loading/Precision Balances
6.2.2.1 The Ability to Weigh Samples With A Relatively Larger Mass is A Key Advantage of Precision Balances
6.2.3 Micro & Ultra-Micro Balances
6.2.3.1 High-Speed Measurement, High Accuracy, and Easy Operations are Key Advantages of Micro and Ultra-Micro Balances
6.2.4 Moisture Balances
6.2.4.1 The Demand for Moisture Balances is Increasing Among Target End Users Due to Their High-Speed Measurement and High Accuracy
6.2.5 Portable/Compact Balances
6.2.5.1 Limited Ability of Portable Balances to Measure Heavy Samples Limits Their Adoption Among End Users
6.2.6 Other Balances
6.3 Laboratory Scales
6.3.1 Bench Scales
6.3.1.1 Quick Stabilization, High Accuracy, Ease of Handling, and Fast Measurement Time—Key Benefits of Bench Scales
6.3.2 Counting Scales
6.3.2.1 Increasing Adoption of Counting Scales Among Drug Testing, Food Testing, and Biotechnology Laboratories to Drive Market Growth
6.3.3 Compact Scales
6.3.3.1 High Accuracy, Easy Portability, Fewer Space Requirements, and Ease of Handling are Key Advantages of Compact Scales
6.3.4 Other Scales

7 Laboratory Balances and Scales Market, By End User
7.1 Introduction
7.2 Pharmaceutical, Cosmeceutical, and Biotechnology Products Testing Laboratories
7.2.1 Growing Developmental Pipeline of Pharmaceutical and Biotechnology Manufacturers is A Key Driver
7.3 Chemical and Material Testing Laboratories
7.3.1 Demand for Lab Balances and Scales is Estimated to Rise With Increasing Production Output of Chemicals and Materials
7.4 Food and Beverage Testing Laboratories
7.4.1 Increasing Food Adulteration and Contamination has Resulted in Implementation of Stringent Food Safety Guidelines
7.5 Petroleum Product Testing Laboratories
7.5.1 Increasing Number of Research Activities Across Petroleum Industries is Driving Demand
7.6 Research Laboratories and Academic Institutes
7.6.1 Limited Budgets of Small & Mid-Sized Research Labs and Academic Institutes May Restrain Market Growth
7.7 Other End Users

8 Lab Balances and Scales Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 The Strong Presence of Major Market Players in the US to Drive Market Growth
8.2.2 Canada
8.2.2.1 Growth in the Lab Balances and Scales Market in Canada is Driven By the Growing Availability of Novel Lab Balances and Scales
8.3 Europe
8.3.1 Germany
8.3.1.1 Growing Demand for Lab Balances and Scales is Supported By Increasing Number of Patent Renewals of Pharma Drugs
8.3.2 UK
8.3.2.1 Growth in This Market is Driven By the Rising Number of Research Activities to Validate the Therapeutic Efficacy and Safety of Drugs
8.3.3 France
8.3.3.1 Increasing Adoption of Lab Balances and Scales Among Research Experts in Various End-Use Industries is Driving Demand
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 High Market Entry Barriers and Pricing Pressure on Product Manufacturers to Limit Market Growth
8.4.2 China
8.4.2.1 Supportive Government Regulations for the Expansion and Modernization of Healthcare Facilities Will Drive Market Growth
8.4.3 India
8.4.3.1 Increasing Public Focus on Food Safety & Drug Quality Regulations to Drive Market Growth in India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World

9 Competitive Landscape
9.1 Overview
9.2 Global Market Share Analysis (2017)
9.3 Competitive Scenario (2014-2018)
9.3.1 Key Product Launches (2014-2018)
9.3.2 Key Expansions (2014-2018)

10 Company Profiles
(Business Overview, Products Offered, Recent Developments (2014-2018), MnM View)*
10.1 Introduction
10.2 A&D Company, Ltd.
10.3 Adam Equipment, Ltd.
10.4 Avery Weigh-Tronix LLC
10.5 Bonso Electronics International, Inc.
10.6 Danaher Corporation
10.7 Essae Group
10.8 Gram Precision
10.9 Humboldt Mfg. Co.
10.10 Kern & Sohn GmbH
10.11 Mettler Toledo International, Inc.
10.12 Pce Holding GmbH & Co. Kg
10.13 Radwag Balances and Scales
10.14 Sartorius AG
10.15 Scientech, Inc.
10.16 Shimadzu Corporation

*Business Overview, Products Offered, Recent Developments (2014-2018), MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details

List of Tables

Table 1 Laboratory Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 2 Laboratory Balances Market, By Type, 2016–2023 (USD Million)
Table 3 Laboratory Balances Market, By Region, 2016–2023 (USD Million)
Table 4 Laboratory Balances Market, By End User, 2016–2023 (USD Million)
Table 5 Analytical Balances Market, By Region, 2016–2023 (USD Million)
Table 6 Analytical Balances Market, By End User, 2016–2023 (USD Million)
Table 7 Top-Loading Balances/Precision Balances Market, By Region, 2016–2023 (USD Million)
Table 8 Top-Loading Balances/Precision Balances Market, By End User, 2016–2023 (USD Million)
Table 9 Micro and Ultra-Micro Balances Market, By Region, 2016–2023 (USD Million)
Table 10 Micro and Ultra-Micro Balances Market, By End User, 2016–2023 (USD Million)
Table 11 Moisture Balances Market, By Region, 2016–2023 (USD Million)
Table 12 Moisture Balances Market, By End User, 2016–2023 (USD Million)
Table 13 Portable/Compact Balances Market, By Region, 2016–2023 (USD Million)
Table 14 Portable/Compact Balances Market, By End User, 2016–2023 (USD Million)
Table 15 Other Laboratory Balances Market, By Region, 2016–2023 (USD Million)
Table 16 Other Laboratory Balances Market, By End User, 2016–2023 (USD Million)
Table 17 Laboratory Scales Market, By Type, 2016–2023 (USD Million)
Table 18 Laboratory Scales Market, By Region, 2016–2023 (USD Million)
Table 19 Laboratory Scales Market, By End User, 2016–2023 (USD Million)
Table 20 Bench Scales Market, By Region, 2016–2023 (USD Million)
Table 21 Bench Scales Market, By End User, 2016–2023 (USD Million)
Table 22 Counting Scales Market, By Region, 2016–2023 (USD Million)
Table 23 Counting Scales Market, By End User, 2016–2023 (USD Million)
Table 24 Compact Scales Market, By Region, 2016–2023 (USD Million)
Table 25 Compact Scales Market, By End User, 2016–2023 (USD Million)
Table 26 Other Scales Market, By Region, 2016–2023 (USD Million)
Table 27 Other Scales Market, By End User, 2016–2023 (USD Million)
Table 28 Market, By End User, 2016–2023 (USD Million)
Table 29 Laboratory Balances and Scales Market for Pharmaceutical, Cosmeceutical, and Biotechnology Products Testing Laboratories, By Region, 2016-2023 (USD Million)
Table 30 Market for Chemical and Material Testing Laboratories, By Region, 2016-2023 (USD Million)
Table 31 Laboratory Balances and Scales Market for Food and Beverage Testing Laboratories, By Region, 2016-2023 (USD Million)
Table 32 Market for Petroleum Product Testing Laboratories, By Region, 2016-2023 (USD Million)
Table 33 Market for Research Laboratories and Academic Institutes, By Region, 2016-2023 (USD Million)
Table 34 Laboratory Balances and Scales Market for Other End Users, By Region, 2016-2023 (USD Million)
Table 35 Lab Balances and Scales Market, By Region, 2016–2023 (USD Million)
Table 36 Lab Balances Market, By Region, 2016–2023 (USD Million)
Table 37 Lab Balances Market, By Country, 2016–2023 (USD Million)
Table 38 Lab Scales Market, By Region, 2016–2023 (USD Million)
Table 39 Lab Scales Market, By Country, 2016–2023 (USD Million)
Table 40 North America: Lab Balances Market, By Country, 2016–2023 (USD Million)
Table 41 North America: Lab Scales Market, By Country, 2016–2023 (USD Million)
Table 42 North America: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 43 North America: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 44 North America: Lab Balances Market, By End User, 2016–2023 (USD Million)
Table 45 North America: Lab Scales Market, By End User, 2016–2023 (USD Million)
Table 46 US: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 47 US: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 48 US: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 49 Canada: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 50 Canada: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 51 Canada: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 52 Europe: Lab Balances Market, By Country, 2016–2023 (USD Million)
Table 53 Europe: Lab Scales Market, By Country, 2016–2023 (USD Million)
Table 54 Europe: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 55 Europe: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 56 Europe: Lab Balances Market, By End User, 2016–2023 (USD Million)
Table 57 Europe: Lab Scales Market, By End User, 2016–2023 (USD Million)
Table 58 Germany: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 59 Germany: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 60 Germany: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 61 UK: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 62 UK: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 63 UK: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 64 France: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 65 France: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 66 France: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 67 RoE: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 68 RoE: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 69 RoE: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 70 Asia Pacific: Lab Balances Market, By Country, 2016–2023 (USD Million)
Table 71 Asia Pacific: Lab Scales Market, By Country, 2016–2023 (USD Million)
Table 72 Asia Pacific: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 73 Asia Pacific: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 74 Asia Pacific: Lab Balances Market, By End User, 2016–2023 (USD Million)
Table 75 Asia Pacific: Lab Scales Market, By End User, 2016–2023 (USD Million)
Table 76 Japan: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 77 Japan: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 78 Japan: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 79 China: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 80 China: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 81 China: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 82 India: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 83 India: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 84 India: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 85 RoAPAC: Lab Balances and Scales Market, By Type, 2016–2023 (USD Million)
Table 86 RoAPAC: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 87 RoAPAC: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 88 RoW: Lab Balances Market, By Type, 2016–2023 (USD Million)
Table 89 RoW: Lab Scales Market, By Type, 2016–2023 (USD Million)
Table 90 RoW: Lab Balances Market, By End User, 2016–2023 (USD Million)
Table 91 RoW: Lab Balances Market, By End User, 2016–2023 (USD Million)

List of Figures

Figure 1 Research Design
Figure 2 Breakdown of Primaries: Global Lab Balances and Scales Market
Figure 3 Research Methodology: Hypothesis Building
Figure 4 Market Size Estimation: Market
Figure 5 Data Triangulation Methodology
Figure 6 Laboratory Balances and Scales Market, By Type, 2018 vs 2023
Figure 7 Regional Analysis: Laboratory Balances Market Share, By Type, 2018
Figure 8 Market Share, By End User, 2018 vs 2023
Figure 9 Geographic Snapshot: Market
Figure 10 Expansion of the Research Pipeline of Pharma-Biotech Companies & Cros are the Key Factor That Drives Market Growth
Figure 11 Analytical Balances to Dominate the Laboratory Balances Market During the Forecast Period
Figure 12 Bench Scales Segment Will Continue to Dominate the Laboratory Scales Market in 2023
Figure 13 Pharmaceutical, Cosmeceutical, and Biotechnology Product Testing Laboratories Will Dominate the Market in 2018
Figure 14 China is Estimated to Be the Fastest-Growing Country in the Laboratory Balances and Scales Market During the Study Period
Figure 15 Market: Drivers, Restraints, and Opportunities
Figure 16 Evolution of Laboratory Balances With Advanced Technologies
Figure 17 Increasing Size of the R&D Pipeline of Aggregated Pharmaceutical Companies From 2001 to 2017
Figure 18 Novartis Had the Highest Research Investments in the Pharma-Biotech Industry in 2016 (USD Billion)
Figure 19 Global Trend for Phases of Clinical Trial, (2007–2017)
Figure 20 Asia Pacific Countries to Witness High Growth in Research Activities Due to the Increasing Presence of R&D Companies
Figure 21 Analytical Balances to Dominate the Laboratory Balances Market in 2018
Figure 22 Bench Scales to Dominate the Laboratory Scales Market During the Forecast Period
Figure 23 Pharmaceutical, Cosmeceutical, & Biotechnology Product Testing Laboratories to Dominate the Market During the Forecast Period
Figure 24 Pharmacological Research Pipeline, By Development Phase, 2017 vs 2016
Figure 25 Asia Pacific to Register the Highest Growth in the Lab Balances and Scales Market During the Forecast Period
Figure 26 North America: Lab Balances and Scales Market Snapshot
Figure 27 Europe: Lab Balances and Scales Market Snapshot
Figure 28 Phases of Clinical Trials in France During 2012–2016
Figure 29 Asia Pacific: Lab Balances and Scales Market Snapshot
Figure 30 RoW: Lab Balances and Scales Market Snapshot
Figure 31 Key Developments in the Lab Balances and Scales Market From 2014 to 2018
Figure 32 Mettler-Toledo International Held the Leading Position in the Lab Balances and Scales Market in 2017
Figure 33 A&D Company, Ltd.: Company Snapshot
Figure 34 Bonso Electronics International: Company Snapshot
Figure 35 Danaher Corporation: Company Snapshot
Figure 36 Mettler Toledo International: Company Snapshot
Figure 37 Sartorius AG: Company Snapshot
Figure 38 Shimadzu Corporation: Company Snapshot

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