Service Laboratory Market Overview
The global Service Laboratory Market
size is poised to reach $65 Billion by 2026, growing at
CAGR 5.9% during the forecast period 2021-2026. Globally, growing number of
laboratories to identify the root cause of the problems related to
manufacturing of the products is set to be the major driver for the growth of
the market during the forecast period. Additionally paradigm shift towards
cloud based bioscience, clinical chemistry and histopathology services to improve management is set to be one of the key
influencer for the growth of the market during the forecast period. The
outbreak of covid19 accelerates the diagnosis of genetic testing of virus which
fuels the growth of the market.
Report Coverage
The report based on: “Service Laboratory Market- Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following
segments of the Service Laboratory Market Industry Outlook.
By Service Type: Repair, Support & Maintenance,
Testing & Validation, Others.
By Deployment: On-premise, Cloud.
By Channel: OEMs, Third party Service
Provider.
By End-User: Industrial (oil
& gas, Metal & Mining, Automotive, Chemical, Pharmaceutical),
Electronics (Semiconductor Manufacturing, Microelectronics and MEMS), Life
Sciences, Healthcare.
By Geography: North America (U.S., Canada and
Mexico); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China,
Japan, South Korea, India, Rest of APAC); South America (Brazil, Argentina,
Rest of Americas); RoW (Middle East
& Africa)
Key Takeaways
- Cloud
segment held the major market share around 8.8% of Service Laboratory Market in 2020.
- Life Science held the major market share around 20.2% of Service Laboratory Market in 2020, owing to the use of super-resolution fluorescence microscopy techniques.
- North
America dominated the Service Laboratory Market in terms of value in 2020 owing to
the adoption of cloud based services.
Global Service Laboratory Market Value Share, By Geography, 2020 (%)
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Service Laboratory Market Segment Analysis- by Deployment
Cloud segment held the major CAGR around 8.9% of Service
Laboratory Market through 2026. Cloud-based
deployment allows end-users to stay up to date and aware with real time
information. It provides customers to get online access from any internet
enabled device. Benefits such as reduction in health data duplications increase
in data quality, reduction in cost and time on paperwork is analyzed to be one
of the major driving factors of the market.
Service Laboratory Market Segment Analysis- by End-User
Life Science held the major market share around 20.2% of Service
Laboratory Market
in 2020. Life science is a broad, multi-faceted end-user which deals with
investigation of living things. Life science laboratory are assigned to doing
research that helps the common people to understand about animal and human
health. Life science research is becoming popular with
use of super-resolution fluorescence microscopy techniques. The demand for
service laboratory increases among biotechnology and pharmaceutical companies,
life science universities and colleges. Emergence of chronic
diseases leads to the development of medicine and vaccines in the laboratory
tends to drive the market. In the present framework Covid19 is one such
occasion which has increased the research work in the laboratory. Increase in diagnostics laboratory
due to Covid19 diagnostics and management is one of the key influencers for the
market growth. For instance in April 2020, CMS (Centers for Medicare and
Medicaid Services) decided to support clinical laboratory which are responding
to Covid19 pandemic
Service Laboratory Market Segment Analysis- by Geography
APAC held
the highest Service Laboratory Market share of around 33.3% in the global Service
Laboratory Market in 2020 and is further set to grow
at a significant rate during the forecast period 2021-2026. The factors such as growing demand for genomic studies, rise in government investment in
research and development and others have been
contributing to the market growth across the region in long run.
As per IndustryArc recent study, China is expected
to invest about 621 billion U.S. dollars into research and development in the
next few years. Additionally, government
initiatives to boost R & D will create opportunities for the growth of the Service Laboratory market. In February 2021, Government of
India announced National Research Foundation (NRF) and allocated $680 billion
for a period of 5 years to fund research across disciplines such as science and
technology to humanities as well as building research capacity at universities
and colleges. Such initiatives can further influence the market growth
of Service Laboratory in the long
run.
Service Laboratory Market Drivers
Growing demand for secondary ion mass
spectroscopy procedure is set to be one of the factors that
can drive the market forward
Increasing demand for secondary ion mass spectroscopy procedure is set to be one of the factors that can drive the market forward. The factors such as increasing funding for research and development and rise in usage of mass spectrometry in petroleum sector as well as metabolomics have been contributing to the market growth in long run. Secondary ion mass spectroscopy is used for wide range of applications such as life science research, drug discovery, environmental testing and clinical diagnosis. In March 2019, ThermoFisher announced that it acquired HighChem, a provider of mass spectrometry software that will increase the company’s existing mass spectrometry software collections.
Adoption of cloud computing
Adoption of cloud computing is
changing the laboratory ecosystem. Earlier there was huge pressure on
laboratory to build data storage facilities to keep quantities of large data
set. Along with data storage, there was high upfront IT infrastructure cost for
maintenance. Cloud computing enable the companies to store research data in the
cloud. It centralizes data, ensures security and data sovereignty. For instance
Cubuslab, a plug and play solution to collect instrument data in real time,
serves as a laboratory execution system. It also manages device remotely.
Service Laboratory Market Challenges
Lack of skilled professionals
Lack of skilled professionals in laboratories acts as a major challenge restraining the market growth of Service Laboratory. According to Bureau of Labor Statistics, demand for lab workers increased by 13% in 2019 in USA. The factors such as increase in ratio of aged workforce and shrinking number of accredited training programs lead to the shortage of skilled labors. Owing to the above mentioned factors, laboratory services will be significantly impacted, thus hampering its market growth.
Service Laboratory Market Landscape
Partnership, Product launches, Acquisitions, Collaboration, and
R&D activities are key strategies adopted by players in the Service Laboratory Market. The Service
Laboratory Market top 10 companies include Perkin
Elmer, BIOTECON DIAGNOSTICS, Agilent Technologies Inc, Siemens SA, Labware Inc,
Thermo Fisher Scientific Inc, LabLynx Inc, Hitachi Hitech, Intertek Group PLC
and Moody Labs.
Acquisitions/Technology Launches
- In January 2021, Perkin Elmer announced an agreement to acquire Oxford Immunotec Company to enhance advance infectious disease solutions for better serving customers around the world.
- In June 2020, BIOTECON DIAGNOSTICS launched Real-Time PCR Cycle Dualo 32 for optimal quantity control in beverage applications.
Relevant
Report Titles
Clinical
Laboratory Services Market – Forecast (2021 - 2026)
Report Code: HCR 87532
Laboratory Equipment Services Market - Forecast(2021 - 2026)
Report Code: HCR 0551
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LIST OF TABLES
1.Global Service Laboratory Market, By Product Market 2023-2030 ($M)1.1 Transmission Electron Microscope Market 2023-2030 ($M) - Global Industry Research
1.1.1 Fe-Tem Market Size & Forecast Market 2023-2030 ($M)
1.1.2 Stem Market Size & Forecast Market 2023-2030 ($M)
1.2 Scanning Electron Microscope Market 2023-2030 ($M) - Global Industry Research
1.2.1 Dual Beam Fib-Sem Market Size & Forecast Market 2023-2030 ($M)
1.2.2 Feg-Sem Market Size & Forecast Market 2023-2030 ($M)
2.Global Service Laboratory Market, By Laboratory Market 2023-2030 ($M)
2.1 Oem Market Size & Forecast Market 2023-2030 ($M) - Global Industry Research
2.2 Service Market Size & Forecast Market 2023-2030 ($M) - Global Industry Research
3.Global Service Laboratory Market, By Product Market 2023-2030 (Volume/Units)
3.1 Transmission Electron Microscope Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Fe-Tem Market Size & Forecast Market 2023-2030 (Volume/Units)
3.1.2 Stem Market Size & Forecast Market 2023-2030 (Volume/Units)
3.2 Scanning Electron Microscope Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Dual Beam Fib-Sem Market Size & Forecast Market 2023-2030 (Volume/Units)
3.2.2 Feg-Sem Market Size & Forecast Market 2023-2030 (Volume/Units)
4.Global Service Laboratory Market, By Laboratory Market 2023-2030 (Volume/Units)
4.1 Oem Market Size & Forecast Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Service Market Size & Forecast Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Service Laboratory Market, By Product Market 2023-2030 ($M)
5.1 Transmission Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Fe-Tem Market Size & Forecast Market 2023-2030 ($M)
5.1.2 Stem Market Size & Forecast Market 2023-2030 ($M)
5.2 Scanning Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Dual Beam Fib-Sem Market Size & Forecast Market 2023-2030 ($M)
5.2.2 Feg-Sem Market Size & Forecast Market 2023-2030 ($M)
6.North America Service Laboratory Market, By Laboratory Market 2023-2030 ($M)
6.1 Oem Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
6.2 Service Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
7.South America Service Laboratory Market, By Product Market 2023-2030 ($M)
7.1 Transmission Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Fe-Tem Market Size & Forecast Market 2023-2030 ($M)
7.1.2 Stem Market Size & Forecast Market 2023-2030 ($M)
7.2 Scanning Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Dual Beam Fib-Sem Market Size & Forecast Market 2023-2030 ($M)
7.2.2 Feg-Sem Market Size & Forecast Market 2023-2030 ($M)
8.South America Service Laboratory Market, By Laboratory Market 2023-2030 ($M)
8.1 Oem Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
8.2 Service Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
9.Europe Service Laboratory Market, By Product Market 2023-2030 ($M)
9.1 Transmission Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Fe-Tem Market Size & Forecast Market 2023-2030 ($M)
9.1.2 Stem Market Size & Forecast Market 2023-2030 ($M)
9.2 Scanning Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Dual Beam Fib-Sem Market Size & Forecast Market 2023-2030 ($M)
9.2.2 Feg-Sem Market Size & Forecast Market 2023-2030 ($M)
10.Europe Service Laboratory Market, By Laboratory Market 2023-2030 ($M)
10.1 Oem Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
10.2 Service Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
11.APAC Service Laboratory Market, By Product Market 2023-2030 ($M)
11.1 Transmission Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Fe-Tem Market Size & Forecast Market 2023-2030 ($M)
11.1.2 Stem Market Size & Forecast Market 2023-2030 ($M)
11.2 Scanning Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Dual Beam Fib-Sem Market Size & Forecast Market 2023-2030 ($M)
11.2.2 Feg-Sem Market Size & Forecast Market 2023-2030 ($M)
12.APAC Service Laboratory Market, By Laboratory Market 2023-2030 ($M)
12.1 Oem Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
12.2 Service Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
13.MENA Service Laboratory Market, By Product Market 2023-2030 ($M)
13.1 Transmission Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Fe-Tem Market Size & Forecast Market 2023-2030 ($M)
13.1.2 Stem Market Size & Forecast Market 2023-2030 ($M)
13.2 Scanning Electron Microscope Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Dual Beam Fib-Sem Market Size & Forecast Market 2023-2030 ($M)
13.2.2 Feg-Sem Market Size & Forecast Market 2023-2030 ($M)
14.MENA Service Laboratory Market, By Laboratory Market 2023-2030 ($M)
14.1 Oem Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
14.2 Service Market Size & Forecast Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Service Laboratory Market Revenue, 2023-2030 ($M)2.Canada Service Laboratory Market Revenue, 2023-2030 ($M)
3.Mexico Service Laboratory Market Revenue, 2023-2030 ($M)
4.Brazil Service Laboratory Market Revenue, 2023-2030 ($M)
5.Argentina Service Laboratory Market Revenue, 2023-2030 ($M)
6.Peru Service Laboratory Market Revenue, 2023-2030 ($M)
7.Colombia Service Laboratory Market Revenue, 2023-2030 ($M)
8.Chile Service Laboratory Market Revenue, 2023-2030 ($M)
9.Rest of South America Service Laboratory Market Revenue, 2023-2030 ($M)
10.UK Service Laboratory Market Revenue, 2023-2030 ($M)
11.Germany Service Laboratory Market Revenue, 2023-2030 ($M)
12.France Service Laboratory Market Revenue, 2023-2030 ($M)
13.Italy Service Laboratory Market Revenue, 2023-2030 ($M)
14.Spain Service Laboratory Market Revenue, 2023-2030 ($M)
15.Rest of Europe Service Laboratory Market Revenue, 2023-2030 ($M)
16.China Service Laboratory Market Revenue, 2023-2030 ($M)
17.India Service Laboratory Market Revenue, 2023-2030 ($M)
18.Japan Service Laboratory Market Revenue, 2023-2030 ($M)
19.South Korea Service Laboratory Market Revenue, 2023-2030 ($M)
20.South Africa Service Laboratory Market Revenue, 2023-2030 ($M)
21.North America Service Laboratory By Application
22.South America Service Laboratory By Application
23.Europe Service Laboratory By Application
24.APAC Service Laboratory By Application
25.MENA Service Laboratory By Application
26.Nanolab Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cerium Lab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Exponent, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Insight Analytical Lab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Ice Lab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Ise Lab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sage Lab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ma-Tek, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Ist, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Mu Analysis, Sales /Revenue, 2015-2018 ($Mn/$Bn)