Service Laboratory Market - Forecast(2024 - 2030)

Report Code: ESR 91604 Report Format: PDF + Excel

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 (%)

Service Laboratory Market

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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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1. Service Laboratory Market - Market Overview
    1.1 Definitions and Scope
2. Service Laboratory Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by Geography
3. Service Laboratory Market– Industry Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Service Laboratory Market – Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Service Laboratory Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies
6. Service Laboratory Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Service Laboratory Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Service Laboratory Market- By Service
    8.1 Repair
    8.2 Support & Maintenance
    8.3 Testing & Validation
    8.4 Others
9. Service Laboratory Market – By Channel
    9.1 On-premise
    9.2 Cloud
10. Service Laboratory Market – By Channel
    10.1 OEM
    10.2 Third Party Service Provider
11. Service Laboratory Market– By End-User
    11.1 Industrial
        11.1.1 oil & gas
        11.1.2 Metal & Mining
        11.1.3 Automotive
        11.1.4 Chemical
        11.1.5 Pharmaceutical
    11.2 Electronics
        11.2.1 Semiconductor Manufacturing
        11.2.2 Microelectronics and MEMS
12. Service Laboratory Market - By Geography (Market Size -$Million)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
        12.1.4 
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Belgium
        12.2.7 Denmark
        12.2.8 Netherlands
        12.2.9 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan 
        12.3.4 South Korea
        12.3.5 Australia
        12.3.6 Malaysia
        12.3.7 Taiwan
        12.3.8 Hong Kong
        12.3.9 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 ROW
        12.5.1 Middle East
        12.5.2 Africa
13. Service Laboratory Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Service Laboratory Market – Industry / Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Top companies
        14.1.2 Market Share by type of Vehicle – Top 10 companies
        14.1.3 Best Practices for companies
15. Service Laboratory Market – Key Company List by Country Premium Premium
16. Service Laboratory Market - Company Analysis
    16.1 Perkin Elmer
    16.2 BIOTECON DIAGNOSTICS
    16.3 Agilent Technologies Inc
    16.4 Siemens SA
    16.5 Labware Inc
    16.6 Thermo Fisher Scientific Inc
    16.7 LabLynx Inc
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
    16.11 Company 10

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)