The Laboratory Products Market encompasses a myriad of products, services technologies, market segments, submarkets, and application areas.
The Global Laboratory Products Market is an estimated USD 46 Billion, split roughly 40% in N America, 40% in Europe and 20% Asia and all other geographies.
So what makes this Market attractive?
- It is a global market. Technologies, products, and services are applied around the world once adapted to local norms, standards and cultures.
- While highly fragmented, there are a number of balancing “norms” which create a sort of equilibrium.
- While some market sub-segments may be declining, the burgeoning need for customized medications has resulted is high growth application areas. And while the first thought for Laboratory Products oftentimes jumps to pharma and biotech, there are industrial, environmental, academic and government uses as well.