About Laboratory Cart
Laboratory carts are categorized under laboratory furniture and provide easy transportation of equipment and samples within the laboratory. Different type of laboratory carts available are based on the processes involved and the materials that need to be transported. Some of these carts are made for providing storage space for supplies and consumables. Laboratory Carts are ideal for areas where lab space is at a premium. Increasing R&D expenditure and High prevalence of chronic disease is driving the Global Laboratory Cart Market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented with top international and regional players involved in new product launch and strategic collaboration. The increasing number of laboratories worldwide will result in a rise in demand for laboratory carts over the forecast period. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Laboratory Cart market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cole-Parmer Instrument Company, LLC. (United States), Labconco (United States), AirClean Systems, Inc. (United States), Sovella, Inc.(United States), TrippNT (United States), A.T. Villa, Inc. (United States), Carolina Biological Supply Company (United States), Alkali Scientific. (United States) and Thermo Fisher Scientific (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Azbil Telstar (Spain), Bassaire (United States), CeilBlue (United States), Durcon LLC (United States) and Esco Group LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Laboratory Cart market by Type (Storage Laboratory Cart, Regular Laboratory Cart and Other Laboratory Cart), Application (Medical and Healthcare, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Laboratory Cart 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). If we see Market by Transported Material, the sub-segment i.e. Glasswares will boost the Laboratory Cart market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Laboratory Cart market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Marketing Channel, the sub-segment i.e. Direct will boost the Laboratory Cart market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of High-Grade Stainless Steel for the Chassis of Laboratory Carts and New Processes like Microinjection Molding and Dual-Shot Injection Molding
Market Growth Drivers:
Advancement in Laboratory Furniture Leading to Higher Efficiency and Volume, Growing Demand for Laboratory Carts in the Healthcare and Medical Industry and The Increasing Number of Laboratories
Challenges:
Low Frequency of Repurchase of Laboratory Carts
Restraints:
Only Limited Number Equipment and Samples Can be Transported at Once
Opportunities:
Gaining Traction of Automation in Laboratories and Rising R & D Spendings by Laboratories
Market Leaders and their expansionary development strategies
In January 2022, TWD TradeWinds Inc., announces another strategic investment to expand its laboratory distribution business. As an industry leader in permanent barcoding service to the global laboratory automation market, TWD provides a wide variety of permanent sample identification solutions. In addition, TWD supplies glass and plastic laboratory consumable products under TWD Scientific, BioX, and Kemtech America (Synthware) brands.
In April 2023, Global pharma major Lupin Limited (Lupin) announced the launch of its new state-of-the-art Regional Reference Laboratory in Bengaluru, Karnataka, as part of the expansion of its diagnostics network. The new laboratory marks a significant step forward in Lupin Diagnostics’ mission to provide accessible and affordable diagnostics and preventive healthcare services across India. The Regional Reference Laboratory complements the company’s existing network of 25 laboratories and 410+ collection centers across India.
January 2019, The Clinical and Laboratory Standards Institute has published QMS12 describes how to develop and use quality indicators in the medical laboratory. These indicators include measures developed within a single laboratory for local use, as well as indicators developed or required by regulatory and accreditation organizations.
Key Target Audience
Laboratory Cart Manufacturers, Government and Regulatory Bodies, Dealers/Suppliers/Traders of Laboratory Cart, Potential Investors, Industry Association and Marketing Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.