Laboratory Balances and Scales Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast 2023 to 2033

 The laboratory balances and scales market is anticipated to expand its roots at an average CAGR of 4.3% between 2023 and 2033. The market is anticipated to cross a market share of US$ 2.0 billion by 2033 while it is likely to be valued at US$ 1.31 billion in 2023.

  • The higher penetration of accurate and efficient lab measuring technology such as electronic scale laboratory, measuring scales laboratory equipment fuels the market growth. Furthermore, the advanced balances and scales with service support from the vendors are also shaping the growth trends for the market.
  • The higher government spending along with the private biotechnology and nanotechnology brands are extending the research and development laboratories. Thus, the expansion fuels market growth.
  • The proliferating healthcare infrastructure in Asian economies such as China and India are also contributing to the growth of laboratory balances and scales market.
  • The stringent norms for laboratory management also push the adoption of safety equipment. The application of high precision laboratory balances in complex measurements is expected to shape the major trends.

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Key Segments

Product Type:

  • Analytical Balances
  • Precision Balances
  • Moisture Balances
  • Bench Scales
  • Compact Scales

End Use:

  • R&D Laboratory
  • Educational Institutes
  • Healthcare and Pharmaceutical
  • Chemical Industries
  • Others

 

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