India Laboratory Equipment Market (2020-2026) | Outlook, Forecast, Size, Industry, Growth, Analysis, Value, Trends, COVID-19 IMPACT, Companies, Revenue & Share

Market Forecast By Product Type (Autoclaves, Incubators, Centrifuges, Spectrometers, Sonicators, Scopes, Others), By Application (Genetic Testing, Endocrinology, Hematology, Microbiology, Biochemistry, Others), By End-users (Diagnostic Laboratories, Hospitals and Clinics, Others) And Competitive Landscape
Product Code: ETC023084 Publication Date: Aug 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Laboratory Equipment Market Shipment Analysis

India Laboratory Equipment Market registered a growth of 2.61% in value shipments in 2022 as compared to 2021 and an increase of 6.52% CAGR in 2022 over a period of 2017. In Laboratory Equipment Market India is becoming less competitive as HHI index in 2022 was 1082 while in 2017 it was 1027. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Laboratory Equipment Market.

India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Laboratory Equipment Market in 2022 was 2.98 while in 2017 it was 2.89. Germany, China, USA, Japan and Rep. of Korea were among the top players of the market in 2022, where Germany acquired the largest market share of 18.77% with a shipment value of 295.13 million USD in 2022 Germany also offered the product below the average market price thus having a competitive advantage over others In 2017 Germany had the largest market share of 18.93% with the shipment value of 198.68 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Germany offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Laboratory Equipment Market in 2017.

India Laboratory Equipment Market Synopsis

The India laboratory equipment market is expected to expand at a CAGR of 5.6% during the forecast period 2020-2026. Laboratory equipment are instruments that are used by scientists and medical professionals to conduct experiments, analyze samples, and measure various parameters in the fields of chemistry, biology, physics, diagnostics and pharmacology among others. The rise in R&D activities along with government initiatives encouraging investments into healthcare infrastructure coupled with technological advancements will drive the demand for laboratory equipment in India over the coming years.

Drivers of the Market:

• Increasing focus on R&D activities: A number of leading industry players operating in India have been focusing on research & development activities aimed towards developing innovative products as well as improving existing technologies which require sophisticated lab testing solutions thus driving growth of this market.

• Growing demand from pharmaceutical sector: The rising population across urban areas has led to an increased usage for pharmaceuticals products thus creating a strong demand for laboratory equipment from pharmaceutical manufacturers across India as they require them to test their drug formulations amid stringent regulatory standards set by Drug Controller General Of India (DCGI). This factor is expected to further boost growth prospects for vendors operating in this space over the next few years.

Challenges of the Market:

High cost associated with laboratory equipments : The high initial investment required for installation & maintenance of different types of laboratory equipments often acts as a major hindrance restraining potential buyers from purchasing these items due to their expensive nature especially small scale laboratories or start-ups who cannot afford such costs initially will be greatly affected by this resulting lesser sales opportunities within their respective regions consequently slowing down growth rate over time.

Trends of the Market:

Adoption Of Automated Equipment : There has been growing trend among Indian labs towards adopting automated systems soas reduce manual labour while increasing overall efficiency & accuracy levels thereby allowing better analysis results which would otherwise not be achievable through traditional methods hence fuelling up surge within automation segment eventually propelling entire marketplace ahead significantly during forthcoming timespan

Key Players of the Market:

Some key players present in the market include Thermo Fisher Scientific Inc., Sartorius AG., Merck KGaA , Agilent Technologies Inc., Danaher Corporation , Illumina Inc., Biomerieux SA , Shimadzu Corporation , PerkinElmer Inc., Analytik Jena AG etc

Key Players of the Market:

Major players operating within India Ball Bearings Market include NSK Ltd., SKF Group , Schaeffler AG , NTN Corporation

Key Highlights of the Report:

  • India Laboratory Equipment Market Outlook
  • Market Size of India Laboratory Equipment Market, 2019
  • Forecast of India Laboratory Equipment Market, 2026
  • Historical Data and Forecast of India Laboratory Equipment Revenues & Volume for the Period 2016 - 2026
  • India Laboratory Equipment Market Trend Evolution
  • India Laboratory Equipment Market Drivers and Challenges
  • India Laboratory Equipment Price Trends
  • India Laboratory Equipment Porter's Five Forces
  • India Laboratory Equipment Industry Life Cycle
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Product Type for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Autoclaves for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Incubators for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Centrifuges for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Spectrometers for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Sonicators for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Scopes for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Others for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Application for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Genetic Testing for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Endocrinology for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Hematology for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Microbiology for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Biochemistry for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Others for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By End-users for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Diagnostic Laboratories for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Hospitals and Clinics for the Period 2016 - 2026
  • Historical Data and Forecast of India Laboratory Equipment Market Revenues & Volume By Others for the Period 2016 - 2026
  • India Laboratory Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By End-users
  • India Laboratory Equipment Top Companies Market Share
  • India Laboratory Equipment Competitive Benchmarking By Technical and Operational Parameters
  • India Laboratory Equipment Company Profiles
  • India Laboratory Equipment Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Laboratory Equipment Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Laboratory Equipment Market Revenues & Volume, 2019 & 2026F

3.3 India Laboratory Equipment Market - Industry Life Cycle

3.4 India Laboratory Equipment Market - Porter's Five Forces

3.5 India Laboratory Equipment Market Revenues & Volume Share, By Product Type, 2019 & 2026F

3.6 India Laboratory Equipment Market Revenues & Volume Share, By Application, 2019 & 2026F

3.7 India Laboratory Equipment Market Revenues & Volume Share, By End-users, 2019 & 2026F

4 India Laboratory Equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Laboratory Equipment Market Trends

6 India Laboratory Equipment Market, By Types

6.1 India Laboratory Equipment Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 India Laboratory Equipment Market Revenues & Volume, By Product Type, 2016 - 2026F

6.1.3 India Laboratory Equipment Market Revenues & Volume, By Autoclaves, 2016 - 2026F

6.1.4 India Laboratory Equipment Market Revenues & Volume, By Incubators, 2016 - 2026F

6.1.5 India Laboratory Equipment Market Revenues & Volume, By Centrifuges, 2016 - 2026F

6.1.6 India Laboratory Equipment Market Revenues & Volume, By Spectrometers, 2016 - 2026F

6.1.7 India Laboratory Equipment Market Revenues & Volume, By Sonicators, 2016 - 2026F

6.1.8 India Laboratory Equipment Market Revenues & Volume, By Scopes, 2016 - 2026F

6.2 India Laboratory Equipment Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Laboratory Equipment Market Revenues & Volume, By Genetic Testing, 2016 - 2026F

6.2.3 India Laboratory Equipment Market Revenues & Volume, By Endocrinology, 2016 - 2026F

6.2.4 India Laboratory Equipment Market Revenues & Volume, By Hematology, 2016 - 2026F

6.2.5 India Laboratory Equipment Market Revenues & Volume, By Microbiology, 2016 - 2026F

6.2.6 India Laboratory Equipment Market Revenues & Volume, By Biochemistry, 2016 - 2026F

6.2.7 India Laboratory Equipment Market Revenues & Volume, By Others, 2016 - 2026F

6.3 India Laboratory Equipment Market, By End-users

6.3.1 Overview and Analysis

6.3.2 India Laboratory Equipment Market Revenues & Volume, By Diagnostic Laboratories, 2016 - 2026F

6.3.3 India Laboratory Equipment Market Revenues & Volume, By Hospitals and Clinics, 2016 - 2026F

6.3.4 India Laboratory Equipment Market Revenues & Volume, By Others, 2016 - 2026F

7 India Laboratory Equipment Market Import-Export Trade Statistics

7.1 India Laboratory Equipment Market Export to Major Countries

7.2 India Laboratory Equipment Market Imports from Major Countries

8 India Laboratory Equipment Market Key Performance Indicators

9 India Laboratory Equipment Market - Opportunity Assessment

9.1 India Laboratory Equipment Market Opportunity Assessment, By Product Type, 2019 & 2026F

9.2 India Laboratory Equipment Market Opportunity Assessment, By Application, 2019 & 2026F

9.3 India Laboratory Equipment Market Opportunity Assessment, By End-users, 2019 & 2026F

10 India Laboratory Equipment Market - Competitive Landscape

10.1 India Laboratory Equipment Market Revenue Share, By Companies, 2019

10.2 India Laboratory Equipment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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