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Allied Market Research

Laboratory Balances and Scales Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11260
Pages: NA
Jul 2021 | 59 Views
 
Author(s) : Onkar Sumant
Tables: NA
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Laboratory Balances and Scales Market Overview:

Laboratory Balances and Scales are used as the weighing equipment for the analytical and quantitative testing. These are used to determine the mass of the product or sample. The types of formulation that can be weighed over the balance include liquid, solid, tissues, and powder. The weighing balances that are used for measurement include both analytical balances and digital type. The main applications of the Laboratory balances and Scales include quality control, production or even manufacturing of the products. The balances can display the mass in mg, g and even kg. The major functions which these laboratory balances and scales possess are tablet counting, prescription preparation and percent calculation of the ratios of samples to be used.

Laboratory Balances and Scales Market scope and structure analysis:

Report Metric

Details

  Market size available for years

2020–2027

  Base year considered

2019

  Forecast period

2021–2027

  Forecast units

Value (USD)

  Segments covered

Type, End User and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Adam equipment Ltd., Danaher Corporation, A&D Company Ltd., Avery Weigh-Tronix LLC, Scientech Inc., Bonso Electronics International Inc., Gram Precision, Kern & Sogn GmbH, and Schimadzu Corporation.

 

COVID-19 scenario analysis:

During the early phase of COVID-19 pandemic, there was unavailability of the specific diagnostic tests which can be used to detect the disease in patients. There were various alternative diagnostic tests were that were used earlier, but were observed to be not much effective. The unavailability of specific COVID-19 diagnostic tests gave profitable opportunities for the diagnostic manufacturers and hence to innovate and bring up their COVID-19 diagnostic kits. The leading players as well as some business start-ups from different countries took advantage of this opportunity and announced COVID-19 diagnostics kits into the market. These players achieved greatest advantage over other diagnostics players capitalizing the opportunity from demand for COVID-19 diagnostic tests, which, in turn, allows them in maintaining their revenues in such a crisis.              

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The surge in the stringent regulations offered by Regulatory Authorities to enhance product safety compliance in Pharmaceutical and Biotechnology industries would help the market grow in the coming years. Furthermore, the rise in the technological advancements in the Laboratory Balances and Scales for accuracy in the measurement and growing expansion of the research pipeline of Pharmaceutical and Biotechnology industries are anticipated to propel the market in the near future. Furthermore, the rising concern and emphasis towards the food safety regulations would help the market boost during the forecast period. However, the higher durability of these weighing balances and scales may hinder the growth of the industry in the next few years.

The global Laboratory Balances and Scales market trends are as follows:

New product launches to flourish the market

The launch of new products with the advancement such that it fulfills the need of the hour would help the market boost in the coming years. For instance, in October 2018, Adam Equipment has launched a selection of balances and scales namely, Solis and Equinox which would help the industry grow in the near future. The development and advancement allows storing 3000-item database which can be used to recall when required for ensuring and checking about the details of the ingredients used, check weighing limits and sample limits.

Solis is designed to have higher resolution graphic display, helpful navigation arrows, and has easy-to read buttons. The accuracy of the sensors is also enhanced according to the need. An additional characteristic added in the product is multilingual capability facilities which can hence be used in various regions. The new products brought in the industry would help the laboratory balances and scales market grow in the near future.

Surge in usage application of the balance and scale

The rise in the inclination towards research and development of the formulation which can be used to treat various illnesses needs appropriate balance and scale which would help the market grow in the coming years. Furthermore, the launch of new formulations requires the use of appropriate dosage to be measured in the weighing balance which is expected to boost the market in the coming years. The use in Pharmaceutical industry is growing with the advent of the need for development of new products or formulation which is anticipated to propel the laboratory balances and scales market growth.

The rise in the application in the biotechnology for measuring the tissue masses is expected to help the market gain maximum revenue in the coming years. The broadening of the applications of the Laboratory Balance and Scales in Biotechnological industry has attracted major leaders to invest more in the development would help the industry in the forecast period.

Key segments covered:

Segments

Sub-segments

  Type

  • Balances
  • Micro & Ultra Micro Balances
  • Top Loading / Precision Balances
  • Moisture Balances
  • Spring Balances
  • Trip Balances
  • Other Balances
  • Scales
  • Bench Scales
  • Lab Scales
  • Counting Scales
  • Micro Scales
  • Pocket Scales
  • High Resolution Tissues Scales
  • Other Scales

  End User

  • Pharmaceutical, Cosmaceutical, Biotechnology Product Testing Laboratories
  • Research Laboratories and Institutes
  • Chemical and material Testing laboratories
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Laboratory Balances and Scales industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Laboratory Balances and Scales market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Laboratory Balances and Scales market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Laboratory Balances and Scales market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Laboratory Balances and Scales Market research report:

  • What are the leading market players active in the Laboratory Balances and Scales market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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