COVID-19 update included
The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
Key Findings
The Europe market for laboratory equipment services is growing in an unblemished manner and will be attaining 9.13% CAGR at the end of 2027. The United Kingdom, France, Italy, Russia, Spain, Germany & the collective countries from the Rest of Europe are considered for this study. The rising investments in the biotechnology sector of the European market are expected to drive the said market growth in the upcoming years.

Market Insights
The increasing numbers of research institutions in Germany can be mainly attributed for the country to hold the largest market share by revenue in Europe. Its strong research sector creates high demand for research equipment for the efficient functioning of ongoing and future research in the country. Correspondingly, government support to fuel the research projects is expected to fuel the research activities here in the upcoming years. But, frequent services requirement by high-tech equipment in research lab results in increased cost of such services, which is restraining the demand for the laboratory equipment services market in the region.

Competitive Insights
Contending market players such as Hettich Instruments LP, Abbott Laboratories, Milliporesigma (Merck), Perkinelmer Inc., Siemens Healthcare GmBH, Eppendorf AG, Hitachi High-Technologies Corporation, Pace Analytical Services, Inc., Waters Corporation, Thermo Fisher Scientific Inc., Transcat, Agilent Technologies Inc., Danaher Corporation, C&M Scientific Ltd. and Mindray Medical International Limited are responsible for the market growth in Europe.