Laboratory Glassware Market

“Laboratory Glassware Market, by Product [Glassware (Pipette, Flasks, Containers, Petri Dishes, Slides), Plasticware (Pipette, Laboratory Beakers, Racks, Storage boxes)], End user (Diagnostic center, Pharmaceuticals) – Forecast to 2020”

Factors such as increasing demand for plasticware owing to its cost-effectiveness, technological advancements, and introduction of specialty glassware are driving the growth of the laboratory glassware market. However, the brittle nature of glass (resulting in low preference for glassware) and lack of funds (resulting in fewer research activities, thus affecting both glassware and plasticware markets) are the major factors that are expected to restrain the growth of this market to a certain extent.

North America is expected to account for more than 40% of the laboratory glassware market in 2015. In this region, R&D studies make use of laboratory glassware and plasticware on a large scale, which is a major factor responsible for the large share of North America in this market. However, in the coming years, the Asia-Pacific market is expected to witness the highest growth owing to the rising outsourcing activities in research and manufacturing as a result of low costs and access to skilled labor in this region.

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends); market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the laboratory glassware market; high-growth regions; and market drivers, restraints, and opportunities.

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Companies in the laboratory glassware market are majorly focusing on expanding and entering segments for new indications and technologies. New product launch is the major strategy adopted by key market players to enhance their product offerings and increase their shares in the laboratory glassware and plasticware market. A number of market players also adopted the strategy of acquisitions, which accounted for a significant share of the total number of strategic developments undertaken by market players in recent years.

Thermo Fisher Scientific is one of the leading companies in the laboratory glassware market. The company primarily focuses on strengthening its R&D capabilities to continuously develop and market innovative products. In January 2016, Thermo Fisher Scientific acquired Affymetrix, Inc. (U.S.), a leading provider of cellular and genetic analysis products. Affymetrix provides a wide range of laboratory products for pharmaceutical, biotechnology, and diagnostic applications, among others. With this, Thermo Fisher increased its geographic and commercial reach and strengthened its market presence.

Know more: https://www.marketsandmarkets.com/Market-Reports/laboratory-plasticware-laboratory-glassware-market-259374410.html

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