What is Lab Balance Market?
Lab balance is an instrument which helps in the precise weighing of materials. It is widely used in the science laboratory, research center, clinics, and others. It includes various types of balance equipment such as analytical balance, micro, and semi-micro balances, the triple beam balance, among others. In high precision weighing, the micro and semi-micro balances are generally preferred. Expansion of the research pipeline of pharma-biotech companies is some of the major drivers which are propelling the growth of the market.
The market study is being classified by Type (Top Loading Balance and Analytical Balance) and major geographies with country level break-up.
A&D Company, Ltd (Japan),, Metler Toledo international, Inc. (United States), Shimadzu Corporation (Japan), RADWAG Balances and Scales (Poland),, Adam Equipment Co. (United Kingdom),, Avery Weigh-Tronix, LLC (United Kingdom),, Bonso Electronics International, Inc. (China),, Essae Group (India), , Gram Precision S.L (Spain), and Humboldt Scientific, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Scientech, Inc. (United States) and Danaher Corporation (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Lab Balance market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Lab Balance market by Type, Application and Region.
On the basis of geography, the market of Lab Balance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Expansion of the Research Pipeline of Pharma-Biotech Companies and Cros
- Increasing Usage of Lab Balance in Various Application such as Pharmaceutical, Biotechnology, Chemical, among others
Market Trend
- One of the Latest trend of this Market is the Increasing Public Emphasis on the Implementation of Stringent Food Safety Regulations
Restraints
- The problem regarding Limited Replacement Rate among End Users
Opportunities
- Rising Demand from Emerging Economics Such as India, China, Philippines and Others
- Government Initiative to Expand Research Laboratories Globally
Challenges
- Major Concern regarding the Lack of Awareness Regarding Lab Balance
- Issue related to Presence of a Large Number of Local and Regional Players
On 2018, Radwag Balances and Scales (Poland) Company had launched an ultra-micro balancing instrument which can measure very minimal samples. It is widely used in research centers for better visibility with precise measurement
On April 2017, as per an article published by AZoNetwork (United Kingdom), it is found that most of the laboratory personnel are not aware of knowing how to take a lab balance apart to clean it. It is vital for the safety of the users who may be exposed to the substances
Key Target Audience
Manufacturers of Lab Balance, Suppliers of Lab Balance Parts, Wholesalers, Distributors, and Retailers of Lab Balance, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others