Global Laboratory Glassware & Plasticware Market is valued USD 5.2 billion in 2016 is anticipated to grow USD 7.26 billion with the compounded annual growth of 3.9% over the forecast period 2018-2025.
New York 2 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Laboratory Glassware & Plasticware market industry is poised to raise USD 7.26 billion by 2025. Rising demand for plasticware, technological enhancements and reducing prices of plasticware and glassware are major factors which are driving the growth in the Global Laboratory Glassware & Plasticware Market. However, factors such as investment problem associated with some of the research activities and the fragile nature of glassware are the main reasons which are likely to hamper the market growth.
Laboratory glassware and plasticware include instruments which are used for hospitals, laboratories, and scientific research purposes. These include instruments like adapter, chromatography apparatus, measuring cylinder, flask, tubes, thermometer, pipettes, funnels, beakers, condensers, burettes, and bottles etc. The glassware and the plasticware products are used in various fields which are dependent on their use or the application in any particular process. There are various products which are designed to be used in different applications including research and clinical uses.
The research includes the field of agricultural research, pharmaceutical research, veterinary research and animal research, and drug discovery. The clinical use comprises applications in hospitals, forensic labs and diagnostics laboratories. Also, the growth in the diseases needs new drugs for treatment, that is also affecting the growth of the global pharmaceutical industry and which is driving the demand for the laboratory glassware and plasticware. The parallel growth in biotechnology and biology industry, including main areas like stem cell research, disease research, and vaccine development is anticipated to boost the global laboratory glassware and plasticware market.
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Global Laboratory Glassware & Plasticware Market Size study, by Type (Glassware, Plasticware), by End-User (Research and Academic Institutes, Hospitals and Diagnostic Centers, Food and Beverage Industry) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Corning Inc., Duran Group, Gerresheimer AG, Sartorius AG, Thermo Fisher Scientific, Mettler Toledo International, Inc., Eppendorf AG, Bellco Glass, Inc., Crystalgen Inc., Technosklo Ltd and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Research and Academic Institutes
- Hospitals and Diagnostic Centers
- Pharmaceutical and Biotechnology Industry
- Contract Research Organizations
- Food and Beverage Industry
- Other End-Users
- North America
- Asia Pacific
- Latin America
- Rest of the World