The Global Analytical Laboratory Services Market size was estimated at USD 745.68 Million in 2020 and expected to reach USD 833.52 Million in 2021, at a Compound Annual Growth Rate (CAGR) 11.96% to reach USD 1,312.33 Million by 2025.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Analytical Laboratory Services Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
"Agilent Technologies, Inc. scored highest as a forefront vendor in FPNV Positioning Matrix for Analytical Laboratory Services Market"
Forefront are rated highly by the users for product satisfaction and have substantially good business strategy scores. F-Forefront include Agilent Technologies, Inc., Syneos Health, Inc., Charles River Laboratories, Thermo Fisher Scientific Inc., West Pharmaceutical Services, Inc., and STERIS PLC.
"LGC Group scored highest as a pathfinder and expected to the upcoming forefront in next couple of years"
Pathfinder have significant product satisfaction ratings but somehow lack business strategy as compared to forefronts and vitals. P-Pathfinder include LGC Group, BioAgilytix Labs, ACM Global Laboratories, Q2 Solutions, LabLynx, Inc., LabConnect, LabVantage Solutions, Inc., Quartzy, and Accelerated Technology Laboratories, Inc..
"Agaram Technologies named as an upcoming vendor to watch in Analytical Laboratory Services Market"
Niche solutions cater to the need of comparatively smaller segment of the overall market. They do not have the business strategy of the Forefront. They may have been rated positively on product satisfaction but have not yet received enough reviews to validate them. N-Niche include Agaram Technologies, Benchling Inc., Laxmi Analytical Laboratories, Red Star Vietnam Company Limited, Moravek Inc., NorthEast BioAnalytical Laboratories LLC, and Trilogy Analytical Laboratory.
"Innovative offerings by Abbott Informatics Corporation expected to increase its product satisfaction level for Analytical Laboratory Services Market in upcoming years"
Vital have comparatively good business strategy but have not yet achieved the business strategy of the Forefront. However, they have low product satisfaction ratings. V-Vital include Abbott Informatics Corporation, SGS S.A., AptarGroup, Inc., and Intertek Group PLC.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Analytical Laboratory Services Market, including Abbott Informatics Corporation, Accelerated Technology Laboratories, Inc., ACM Global Laboratories, Agaram Technologies, Agilent Technologies, Inc., AptarGroup, Inc., Benchling Inc., BioAgilytix Labs, Charles River Laboratories, Intertek Group PLC, LabConnect, LabLynx, Inc., LabVantage Solutions, Inc., Laxmi Analytical Laboratories, LGC Group, Moravek Inc., NorthEast BioAnalytical Laboratories LLC, Q2 Solutions, Quartzy, Red Star Vietnam Company Limited, SGS S.A., STERIS PLC, Syneos Health, Inc., Thermo Fisher Scientific Inc., Trilogy Analytical Laboratory, and West Pharmaceutical Services, Inc..