Market Overview:
The global laboratory analytical balances market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for laboratory analytical balances for various applications such as chemical, biotechnology, and others. Additionally, the growing demand for digital laboratory analytical balances is also contributing to the growth of this market. North America dominates the global laboratory analytical balances market and is expected to continue its dominance during the forecast period.
Product Definition:
A laboratory analytical balance is a device used to measure the mass of an object with high precision. The importance of laboratory analytical balances is that they allow for the accurate measurement of small masses, which is necessary for many scientific applications.
Mechanical Laboratory Analytical Balances:
Laboratory analytical balances are used for weighing samples and chemicals in laboratories. These balances are of two types, mechanical and electronic. The electronic laboratory analytical balance has a display unit that shows the weight or volume being added or removed from the balance as well as sets of weights or volumes to be entered into it.
Digital Laboratory Analytical Balances:
The digital laboratory analytical balances are used to measure the mass or weight of an element in a very precise manner. These instruments have gained wide acceptance and are preferred over traditional methods due to their accuracy, ease of use, portability and cost effectiveness. The Laboratory Balances market is expected to witness significant growth over the forecast period owing to its increasing application in research & development activities along with quality control procedures in various industries such as pharmaceuticals, biotechnology & chemical industries.
Application Insights:
The others application segment includes food, environmental, and pharmaceuticals. In 2017, this segment accounted for the largest market share in terms of revenue as well as volume. The chemical industry is one of the leading users of LAB owing to its requirement for large scale industrial production and quality control. Henceforth, increasing demand from various industries including oil & gas and pharmaceutical will boost product demand over the forecast period.
In addition to these applications there are other uses such as quality control in agriculture (chemical analysis), water & wastewater treatment (water testing), mining (analytical assays) etc., which also contribute towards a significant market share on a global level.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in R&D and technological advancements by various companies operating within the region. Moreover, high prevalence of laboratory-associated infections and diseases has led North America governments to invest heavily in LAB management through research & development activities, which will further boost regional growth over the coming years.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising demand for technologically advanced analytical instruments coupled with rapidly expanding pharmaceutical industry within this region. Furthermore, growing awareness regarding blood group O negative Rh+ status among Asian population is projected favorably impact regional market during the same period (2018 - 2030).
Growth Factors:
- Increasing demand for quality control and assurance in various industries
- Growing research and development activities in the life sciences sector
- Technological advancements in laboratory analytical balances that offer enhanced performance
- Rising awareness about the benefits of using laboratory analytical balances for accurate measurements
- Proliferation of contract research organizations and clinical laboratories
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Analytical Balances Market Research Report
By Type
Mechanical Laboratory Analytical Balances, Digital Laboratory Analytical Balances
By Application
Chemical, Biotechnology, Others
By Companies
Intelligent-Count, A&D, Adam Equipment Inc., Mettler, Sartorius, Ohaus, Radwag, METTLER, DENVER, Intelligent-Count
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Analytical Balances Market Report Segments:
The global Laboratory Analytical Balances market is segmented on the basis of:
Types
Mechanical Laboratory Analytical Balances, Digital Laboratory Analytical Balances
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Biotechnology, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intelligent-Count
- A&D
- Adam Equipment Inc.
- Mettler
- Sartorius
- Ohaus
- Radwag
- METTLER
- DENVER
- Intelligent-Count
Highlights of The Laboratory Analytical Balances Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Laboratory Analytical Balances
- Digital Laboratory Analytical Balances
- By Application:
- Chemical
- Biotechnology
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laboratory Analytical Balances Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Laboratory analytical balances are devices used in laboratories to measure weight, volume, and other physical properties.
Some of the key players operating in the laboratory analytical balances market are Intelligent-Count, A&D, Adam Equipment Inc., Mettler, Sartorius, Ohaus, Radwag, METTLER, DENVER, Intelligent-Count.
The laboratory analytical balances market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laboratory Analytical Balances Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laboratory Analytical Balances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laboratory Analytical Balances Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laboratory Analytical Balances Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laboratory Analytical Balances Market Size & Forecast, 2020-2028
4.5.1 Laboratory Analytical Balances Market Size and Y-o-Y Growth
4.5.2 Laboratory Analytical Balances Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mechanical Laboratory Analytical Balances
5.2.2 Digital Laboratory Analytical Balances
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Biotechnology
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laboratory Analytical Balances Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laboratory Analytical Balances Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mechanical Laboratory Analytical Balances
9.6.2 Digital Laboratory Analytical Balances
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Biotechnology
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mechanical Laboratory Analytical Balances
10.6.2 Digital Laboratory Analytical Balances
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Biotechnology
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mechanical Laboratory Analytical Balances
11.6.2 Digital Laboratory Analytical Balances
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Biotechnology
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mechanical Laboratory Analytical Balances
12.6.2 Digital Laboratory Analytical Balances
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Biotechnology
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mechanical Laboratory Analytical Balances
13.6.2 Digital Laboratory Analytical Balances
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Biotechnology
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laboratory Analytical Balances Market: Competitive Dashboard
14.2 Global Laboratory Analytical Balances Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intelligent-Count
14.3.2 A&D
14.3.3 Adam Equipment Inc.
14.3.4 Mettler
14.3.5 Sartorius
14.3.6 Ohaus
14.3.7 Radwag
14.3.8 METTLER
14.3.9 DENVER
14.3.10 Intelligent-Count
