Key Findings
The North American market for laboratory equipment services is growing at a CAGR of 9.33% during the forecasting years of 2019-2027. Increase in need for prompt diagnosis of diseases, the rise in the occurrence of chronic diseases & growth of medical tourism in developing nations of North America are essentially driving the market growth. The United States and Canada make major revenue contribution to the regional market.

Market Insights
The use of robotics, computer software and hardware, machine vision, conveyers, etc. for automatic processes would improve the speed of experiments, accuracy in the process, increase cost savings, reducing repetitive injuries, saving space, etc. This can open now doorways of opportunities for the North America laboratory equipment services market. Both the United States and Canada have very good standards for maintenance of lab equipment in their vastly developed R&D sector, which employs the services market predominantly. Also, the current evolution in the pharmaceutical sector and clinical trials are expected to proliferate the regional market.

Competitive Insights
Hettich Instruments LP, Milliporesigma (Merck), Thermo Fisher Scientific Inc., Abbott Laboratories, Mindray Medical International Limited, Perkinelmer Inc., Agilent Technologies Inc., Siemens Healthcare GmBH, Eppendorf AG, Hitachi High-Technologies Corporation, Pace Analytical Services, Inc., Waters Corporation, Transcat, Danaher Corporation and C&M Scientific Ltd. are some of the competing players in the North America laboratory equipment services market.