The Laboratory Equipment Market, 2019-2024
The overall laboratory equipment market includes 11 functionally different technologies. This market assessment includes the following market briefs:
This diverse set of technologies will experience growth rates up to 5%, but the average for the whole category is estimated at 2.4% for the next five years. Bioreactors & Fermentors will the fastest growing market. In recent years, there has been a rapid adoption of single-use/disposable systems that is expected to greatly increase over the forecast period. The advantages of single-use over conventional in terms of reduced contamination risk and faster turnaround between batches has propelled growth, particularly in the pharma/bio sector.