The Asia Pacific laboratory equipment services market is anticipated to grow at the maximum CAGR of 9.98% during the 2019-2027 forecasting period. This region, in 2018, accounted for a revenue share of XX % in the global laboratory equipment services market. China, India, Japan, Australia, South Korea and the collective countries forming the Rest of Asia Pacific are considered for the market study.
The prerequisite verification carried out by the original equipment manufacturer for equipment qualification especially in the APAC’s life science sector that is undergoing increasing research and development are reaping major revenues for the regional market. These steps are performed for achieving high standard end-results in the research field, which is thereby benefiting the laboratory equipment services market. China is the largest shareholder for the said regional market which can be mainly reasoned to the surging number of clinical trials coupled with magnified growth in the country’s pharmaceutical market.
Transcat, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Perkinelmer Inc., Pace Analytical Services, Inc., Milliporesigma (Merck), Hettich Instruments LP, Mindray Medical International Limited, Siemens Healthcare GmBH, Eppendorf AG, Hitachi High-Technologies Corporation, Waters Corporation, Danaher Corporation, C&M Scientific Ltd. and Abbott Laboratories are the major market players in APAC region.