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Tuesday, September 17th, 2019

Global Laboratory Glassware and Plasticware Market Projected to be Worth USD 7,410.69 million by 2021: Technavio

Closed
by April 20, 2017 General

The global
laboratory glassware and plasticware market
is projected
to grow to USD 7,410.69 million by 2021, at a CAGR of nearly 5% over the
forecast period, according to Technavio’s latest report.

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Technavio has published a new report on the global laboratory glassware and plasticware market from  ...

Technavio has published a new report on the global laboratory glassware and plasticware market from 2017-2021. (Graphic: Business Wire)

In this report, Technavio
covers the market outlook and growth prospects of the global
laboratory glassware and plasticware market
for 2017-2021. Based
on end-users, the market is divided into research institutes, clinical
diagnostic centers, and academic institutes.

Laboratory glassware and plasticware are the commonly used laboratory
products in research, clinical, and academic laboratories for the
preparation, mixing, and storage of samples and solutions. The
significant rise in the number of application-oriented end-users is
acting as a key factor driving the growth of the market.

Technavio’s research study segments the global laboratory glassware and
plasticware market into the following regions:

  • Americas
  • EMEA
  • APAC

Laboratory glassware and plasticware market in the Americas

The Americas occupies a majority 43% of the global laboratory
glassware and plasticware market. The well-developed infrastructure for
healthcare are supporting the growth of the market in the clinical
diagnostic and the hospital service segments
,”
says Amber
Chourasia, a lead analyst at Technavio for lab
equipment
research.

Various end-user industries such as pharmaceutical companies, food and
beverage companies, and biological research centers are displaying
healthy growth, leading to the high consumption of the laboratory
glassware and plasticware products that generate added revenue for the
supplier of these products.

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Technavio’s sample reports are free of charge and contain multiple
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challenges, trends, and more.

Laboratory glassware and plasticware market in EMEA

Analysts at Technavio have projected the laboratory glassware and
plasticware market in EMEA to be worth USD 2270.25 million by 2021. The
excellent healthcare infrastructure in developed countries such as
France, Germany, the UK, Greece, and Italy is likely to drive the growth
of the region over the forecast period.

Also, the growth in research facilities for the food and agriculture
industry and the pharmaceutical industry will significantly impact the
growth of the market. The market in African countries will grow during
the forecast period because of the rising awareness about healthcare
measures and facilities.

Laboratory glassware and plasticware market in APAC

APAC is projected to grow at a CAGR of almost 7% over the
forecast period, establishing itself as the fastest-growing regional
segment of the market. The high level of developmental activities in
countries such as China, India, Japan, and Singapore is expected to fuel
this growth
,”
says Amber.

The development of healthcare infrastructure, research facilities, and
academic institutions will create a large demand for laboratory and
plasticware. Also, the rising awareness about healthcare measures and
the pro-active health care check-ups will increase the potential of the
diagnostics centers and clinics.

The top vendors in the global laboratory glassware and plasticware
market highlighted in the report are:

  • Thermo Fisher Scientific
  • Corning
  • BOROSIL
  • PerkinElmer

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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at [email protected].

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