Global Laboratory Equipment Service
Market Report
2025
Laboratory Equipment Services market was USD 10.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 13.80% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Laboratory Equipment Services market was USD 10.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 13.80% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Laboratory Equipment Service Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 13.8% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Equipment Type |
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Market Split by Service Type |
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Market Split by Product |
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Market Split by Service Providers |
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Market Split by Contract Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Laboratory Equipment Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The laboratory equipment services market is expanding due to increasing demand for accurate and reliable maintenance, calibration, and repairs of laboratory instruments. Stringent regulations, technological advancements, and the imperative to ensure accurate scientific results are driving the growth of this market, catering to the diverse needs of research, diagnostics, and quality control industries. These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Laboratory Equipment Services industry.
As an illustration, a study released in September 2021 by the Pharmaceutical Research and Manufacturers of America (PhRMA) indicated that biopharmaceutical enterprises had invested over a trillion dollars in research and development, approximately $91 billion of which was dedicated to research and development.
Increasing Research Activities to Provide Many Opportunities in the Market
The laboratory equipment services market thrives due to escalating research activities across various sectors. As scientific research expands in pharmaceuticals, biotechnology, and materials science, the demand for well-maintained and calibrated equipment rises.
For instance, Integra Biosciences unveiled the D-one single-channel pipetting module in February 2022, enabling hands-free transfers from tubes or wells through the Assist Plus pipetting robot. Similarly, Tecan introduced the Air Restriction Pipettor (ARP) technology in January 2022. Ensuring accurate measurements and reliable results fuels the need for professional servicing. As research becomes a cornerstone of innovation, the laboratory equipment services market experiences growth propelled by the imperative to maintain optimal research conditions.
High Service Contracts are Hindering the Market Growth
High-service contracts pose challenges in the Laboratory Equipment Services Market due to potential budget constraints. Comprehensive service packages with extensive coverage might increase business costs, particularly smaller ones. Balancing the need for comprehensive servicing with budget limitations is crucial. Striking the right balance between service quality, coverage, and affordability is challenging as companies navigate the complex laboratory equipment maintenance and calibration landscape.
The COVID-19 pandemic had ill effects on the laboratory equipment services market. Lockdowns and restrictions disrupted supply chains, causing equipment maintenance and calibration delays. Laboratory closures and reduced budgets led to decreased demand for services. Travel limitations impeded on-site support, impacting timely repairs. Additionally, financial uncertainties prompted some labs to cut back on non-essential services.
The introduction of technologically advanced laboratory instruments propels the demand for Laboratory Equipment Services. As sophisticated products like high-resolution spectrophotometers, robotics-enabled pipetting systems, and precision analyzers enter the market, the need for specialized maintenance, calibration, and repair services increases.
As an example, BYK-Gardner USA unveiled the color2view benchtop spectrophotometer in April 2022, a groundbreaking advancement in color measurement. Similarly, Eppendorf introduced the Centrifuge 5910 Ri in April 2021, aimed at enhancing laboratory efficiency, illustrating how innovative products contribute to market advancement. Laboratories seek expertise to optimize the performance of these advanced instruments, driving the services market's growth in tandem with technological innovation.
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The Laboratory Equipment Services Market features intense competition, with numerous players offering maintenance, calibration, repair, and validation services for various laboratory instruments. Key players strive to differentiate themselves through service quality, technical expertise, global reach, and customized solutions to cater to diverse laboratory needs.
In September 2022, Shimadzu Europe GmbH introduced the ORXross Fourier-transform infrared (FTIR) spectrophotometer. This mid-level FTIR model offers outstanding performance, with remarkable measurement speed and user-friendliness.
In March 2022, Precisa Gravimetrics AG launched the Halo series of advanced UV-Vis spectrophotometers, specifically the GB 30 model, as part of the Dynamic product line.
Top Companies Market Share in Laboratory Equipment Service Industry: (In no particular order of Rank)
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Due to several factors, North America is poised to dominate the Laboratory Equipment Services market. The region boasts a robust presence of pharmaceutical, biotechnology, and research industries that heavily rely on advanced lab equipment. Stringent regulations necessitate precise maintenance and calibration, driving demand. High healthcare spending and a culture of technological innovation bolster the market. Additionally, established players like Agilent, Thermo Fisher, and others have a strong foothold, further contributing to North America's anticipated significant market share.
Due to its advanced healthcare and research ecosystem, the United States is poised to capture the largest market share in Laboratory Equipment Services. Robust investments in life sciences and biotechnology fuel equipment maintenance and calibration demand. Stricter regulations necessitate precise servicing. The presence of major industry players and a well-established network of research institutions contribute to the dominance.
The Laboratory Equipment Services market is set for rapid growth in the Asia Pacific due to increasing investments in biotechnology, pharmaceuticals, and healthcare. Expanding industrialization, stringent regulatory requirements, and adopting advanced technologies further fuel demand. Emerging markets, expanding educational and research institutions, and the region's role in the global outsourcing of clinical trials contribute to accelerated growth. These factors collectively position Asia Pacific as a thriving hub for laboratory equipment services in the foreseeable future.
The current report Scope analyzes Laboratory Equipment Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Laboratory Equipment Service Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Laboratory Equipment Service Industry growth. Laboratory Equipment Service market has been segmented with the help of its Equipment Type, Service Type Product, and others. Laboratory Equipment Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
General equipment dominates the Laboratory Equipment Services Market due to its widespread applicability across various industries. It includes common laboratory instruments like centrifuges, balances, and ovens crucial for routine operations. These instruments are extensively used in research, diagnostics, and quality control, so their maintenance and calibration needs are consistent.
Specialty equipment is poised for the highest Compound Annual Growth Rate (CAGR) in the Laboratory Equipment Services Market due to its specialized nature and critical role in niche industries. Advanced technologies like mass spectrometers and gene sequencers demand intricate servicing, calibration, and validation.
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Original Equipment Manufacturers (OEMs) are asserting dominance in the Global Laboratory Equipment Services Market within various end-use industries. Their in-depth knowledge of equipment design and engineering positions them as experts in maintenance and servicing. OEMs offer specialized services tailored to their products, ensuring precision and reliability.
Third-party service providers are projected togrow at highest CAGR in the Laboratory Equipment Services Market due to their cost-effectiveness, flexibility, and expertise. Businesses seek specialized servicing without investing in in-house teams. Third-party providers offer comprehensive solutions catering to diverse needs, including maintenance, calibration, and repairs.
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The spectrophotometers category prevails in the laboratory equipment services market due to its pivotal role in various scientific applications. Spectrophotometers are extensively used for quantitative analysis in research, pharmaceuticals, environmental monitoring, and more. Their accuracy and sensitivity necessitate regular calibration and maintenance.
Incubators are poised for the highest Compound Annual Growth Rate (CAGR) in the Laboratory Equipment Services Market due to their critical role in life sciences, biotechnology, and healthcare. Maintaining precise environmental conditions is essential for cell cultures and experiments. As these fields expand, the demand for calibrated, reliable incubators increases.
Repair and maintenance services dominate the Global Laboratory Equipment Services Market across end-use industries due to their essential role in sustaining equipment functionality. With a focus on extending equipment lifespan and optimizing performance, laboratories prioritize regular servicing. Stringent regulatory standards mandate precise calibration and maintenance, further driving demand.
Calibration services are projected to experience the highest Compound Annual Growth Rate (CAGR) in the Laboratory Equipment Services Market due to their critical role in ensuring accurate measurements and compliance with regulations. As precision becomes increasingly vital in research, diagnostics, and quality control, laboratories require regular calibration to maintain instrument accuracy.
Standard service contracts prevail in the Global Laboratory Equipment Services Market across end-use industries due to their convenience and comprehensive coverage. Laboratories opt for pre-defined service packages encompassing regular maintenance, calibration, and repairs, simplifying budgeting and reducing downtime. As industries prioritize uninterrupted operations and cost-efficient solutions, standard service contracts offer a hassle-free way to ensure equipment functionality, making them dominant in the market.
Due to their tailored solutions, customized service contracts are anticipated to experience the highest Compound Annual Growth Rate (CAGR) in the Laboratory Equipment Services Market. As industries embrace diverse technologies and equipment, customized contracts offer flexibility to address unique requirements. Businesses seek personalized maintenance, calibration, and repair plans to match specific equipment needs, driving demand for these adaptable and comprehensive service offerings in the market.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Laboratory Equipment Service Market is witnessing significant growth in the near future.
In 2023, the Analytical Equipment segment accounted for noticeable share of global Laboratory Equipment Service Market and is projected to experience significant growth in the near future.
The Original Equipment Manufacturers segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Agilent Technologies Inc.(U.S) , Waters Corporation (U.S) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Equipment Type | Analytical Equipment, General Equipment, Specialty Equipment, Support Equipment |
Service Type | Original Equipment Manufacturers, Third-Party Service Providers, Others |
Product | Sonicators and Homogenizers, Incubators, Spectro photometers, Others |
Service Providers | Repair and Maintenance Services, Calibration Services, Validation Services, Others |
Contract Type | Standard Service Contracts, Customized Service Contracts |
List of Competitors | Agilent Technologies Inc.(U.S), Thermo Fisher Scientific. (U.S.), Waters Corporation (U.S), Abbott (U.S), Hettich Instruments (Germany), Merck KGaA (Germany), Shimadzu Corporation (Japan), Danaher (U.S), Siemens (Germany), Eppendorf Corporate (Germany), PerkinElmer Inc. (U.S.), Pace Labs (U.S), Bio-Rad Laboratories Inc. (U.S.), B.D. (U.S.), Precisa Gravimetrics AG, Becton Dickson and Company, Cassette Biotech, LabMinds, Labster, Reverie Labs, Mett |
This chapter will help you gain GLOBAL Market Analysis of Laboratory Equipment Service. Further deep in this chapter, you will be able to review Global Laboratory Equipment Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Laboratory Equipment Service. Further deep in this chapter, you will be able to review North America Laboratory Equipment Service Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Laboratory Equipment Service. Further deep in this chapter, you will be able to review Europe Laboratory Equipment Service Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Laboratory Equipment Service. Further deep in this chapter, you will be able to review Asia Pacific Laboratory Equipment Service Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Laboratory Equipment Service. Further deep in this chapter, you will be able to review South America Laboratory Equipment Service Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Laboratory Equipment Service. Further deep in this chapter, you will be able to review Middle East Laboratory Equipment Service Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Laboratory Equipment Service. Further deep in this chapter, you will be able to review Middle East Laboratory Equipment Service Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Laboratory Equipment Service. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Equipment Type Analysis 2019 -2031, will provide market size split by Equipment Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Equipment Type Analysis 2021 - 2033
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Chapter 11 Market Split by Service Type Analysis 2021 - 2033
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Chapter 12 Market Split by Product Analysis 2021 - 2033
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Chapter 13 Market Split by Service Providers Analysis 2021 - 2033
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Chapter 14 Market Split by Contract Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Laboratory Equipment Service market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Analytical Equipment have a significant impact on Laboratory Equipment Service market? |
What are the key factors affecting the Analytical Equipment and General Equipment of Laboratory Equipment Service Market? |
What is the CAGR/Growth Rate of Original Equipment Manufacturers during the forecast period? |
By type, which segment accounted for largest share of the global Laboratory Equipment Service Market? |
Which region is expected to dominate the global Laboratory Equipment Service Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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