The Worldwide Laboratory Balances and Scales Industry is Expected to Reach $2+ Billion by 2028

Dublin, Oct. 25, 2021 (GLOBE NEWSWIRE) -- The "Laboratory Balances and Scales Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type, End User, and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the market is expected to reach US$ 2,131.14 million by 2028 from US$ 1,463.53 million in 2021; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The market growth is primarily attributed to rapid growth of pharmaceutical and biotechnology industry and increasing number of research pipeline of pharma-biotech companies and contract research organizations. However, the limited replacement rate among end users is likely to hamper the growth of the market to a certain extent.

Laboratory balances and scales are high performance instruments that measure accurate readings in various environments. Laboratory balances are specifically used to measure mass of the substance, while laboratory scales are utilized to measure weight of the substances. These scales and balances are classified based on weighing capacity. Weighing of materials play a vital role in research and development as well as production monitoring and quality control. Based on end user, the laboratory balances and scales market is segmented into pharmaceutical/biotechnology products testing laboratories, cosmeceutical products laboratories, academic institutes, and research laboratories. In 2020, the pharmaceutical/biotechnology products testing laboratories segment held the largest share of the market. Also, the same segment is estimated to register the highest CAGR of 6.7% during the forecast period.

The laboratory balances and scales market is witnessing substantial decline amid the COVID-19 pandemic. Certain factors such as decline in pharmaceutical production and drug discovery activities are hampering the adoption of laboratory balances and scales worldwide. However, research activities associated with the COVID-19 are expected to have marginal positive impact on the market.

METTLER TOLEDO; Sartorius AG; PCE Instruments; OHAUS; Adam Equipment Ltd; GRAM PRECISION; RADWAG Balances and Scales; Scientech Inc.; BONSO Electronics International Inc.; and A&D Company, Limited are among the leading companies operating in the laboratory balances and scales market.

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• The key findings and recommendations highlight crucial progressive industry trends in the global Laboratory Balances and Scales market, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Key Topics Covered:

1. Introduction

2. Laboratory Balances and Scales Market - Key Takeaways

3. Research Methodology

4. Laboratory Balances and Scales Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East and Africa (MEA) - PEST Analysis
4.2.5 South and Central America - PEST Analysis
4.3 Expert Opinion

5. Laboratory Balances and Scales Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapid Growth of Pharmaceutical and Biotechnology Industry
5.1.2 Increasing Number of Research Pipeline of Pharma-Biotech Companies and Contract Research Organizations
5.2 Market Restraint
5.2.1 Limited Replacement Rate Among End Users
5.3 Market Opportunity
5.3.1 Proliferation of Pharmaceutical Sector in Emerging Markets
5.4 Future Trend
5.4.1 Technological Advancements in Laboratory Balances and Scales
5.5 Impact Analysis

6. Laboratory Balances and Scales Market - Global Analysis
6.1 Global Laboratory Balances and Scales Market Revenue Forecast and Analysis
6.2 Global Laboratory Balances and Scales Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players

7. Laboratory Balances and Scales Market Analysis - By Type
7.1 Overview
7.2 Laboratory Balances and Scales Market Revenue Share, by Type (2021 and 2028)
7.3 Laboratory Balances
7.3.1 Overview
7.3.2 Laboratory Balances: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.3.3 Analytical Balances
7.3.3.1 Overview
7.3.3.2 Analytical Balances: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.3.4 Top-Loading/Precision Balances
7.3.4.1 Overview
7.3.4.2 Top-Loading/Precision Balances: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.3.5 Micro and Ultra-Micro Balances
7.3.5.1 Overview
7.3.5.2 Micro and Ultra-Micro Balances: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.3.6 Moisture Balances
7.3.6.1 Overview
7.3.6.2 Moisture Balances: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.3.7 Portable Balances
7.3.7.1 Overview
7.3.7.2 Portable Balances: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.3.8 Other Balances
7.3.8.1 Overview
7.3.8.2 Other Balances: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Laboratory Scale
7.4.1 Overview
7.4.2 Laboratory Scale: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.4.3 Bench Scale
7.4.3.1 Overview
7.4.3.2 Bench Scale: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.4.4 Counting Scales
7.4.4.1 Overview
7.4.4.2 Counting Scales: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.4.5 Compact Scales
7.4.5.1 Overview
7.4.5.2 Compact Scales: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
7.4.6 Other Scales
7.4.6.1 Overview
7.4.6.2 Other Scales: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)

8. Laboratory Balances and Scales Market - By End User
8.1 Overview
8.2 Laboratory Balances and Scales Market, by End User, 2021 and 2028 (%)
8.3 Pharmaceutical and Biotechnology Products Testing Laboratories
8.3.1 Overview
8.3.2 Pharmaceutical and Biotechnology Products Testing Laboratories: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Academic Institutes
8.4.1 Overview
8.4.2 Academic Institutes: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Cosmeceutical Products Laboratories
8.5.1 Overview
8.5.2 Cosmeceutical Products Laboratories: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Research Laboratories
8.6.1 Overview
8.6.2 Research Laboratories: Laboratory Balances and Scales Market - Revenue and Forecast to 2028 (US$ Million)

9. Laboratory Balances and Scales Market Analysis and Forecasts To 2028 - Geographical Analysis

10. Impact of COVID-19 Pandemic on Global Laboratory Balances and Scales Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South & Central America: Impact Assessment of COVID-19 Pandemic

11. Laboratory Balances and Scales Market-Industry Landscape

12. Company Profiles
12.1 Mettler Toledo
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sartorius AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PCE Instruments
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Ohaus
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Adam Equipment Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Gram Precision
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 RADWAG Balances and Scales
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Scientech Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 BONSO Electronics International Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 A&D Company, Limited.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/rj9mlp

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