Laboratory Balances Segment to Dominate MEA Laboratory Balances and Scales Market during 2021–2028
According to a new market research study on “MEA Laboratory Balances and Scales Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User” is expected to reach US$ 59.89 million by 2028 from US$ 44.05 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the MEA laboratory balances and scales market along with the drivers and restraints pertaining to the market growth. Technological progression in laboratory balances and scales is the major factor driving the growth of the MEA laboratory balances and scales market. However, issues associated with the bounded replacement rate among end users hinder the growth of MEA laboratory balances and scales market.
The market for MEA laboratory balances and scales market is segmented into type, end user, and country. Based on type, the market is segmented into laboratory balances and laboratory scale. The laboratory balances segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Further laboratory balances has been bifurcated into analytical balances, top-loading/precision balances, micro and ultra-micro balances, moisture balances, portable balances, and other balances. Similarly laboratory scale is bifurcated into bench scales, counting scales, compact scales, and other scales. Based on end user the market is segmented into pharmaceutical/biotechnology products testing laboratories, cosmeceutical products laboratories, research laboratories, and academic institutes. The pharmaceutical/biotechnology products testing laboratories segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period.
Countries such as UAE, and Saudi Arabia have also registered a significant number of positive patients. These regions are developing in terms of the medical industry. The countries in these regions are highly dependent on medical devices and biopharmaceuticals products. Therefore, countries have faced several challenges for their requirements. Following COVID-19 and government actions, certain laboratory balance and scales applications, such as pharmaceuticals and detergents, are likely to see an increase in demand. The increase in medical research and diagnostics has been a major factor in the increase in laboratory balance and scales demand, as laboratory balance and scales are widely used in medicine and pharmaceutical engineering. Some companies in the area are working with other businesses to consolidate all facilities under one roof for the convenience of the clients. DuBiotech, for example, is actively forming affiliations and partnerships with prestigious universities, specialist hospitals, global regulatory bodies, and other research parks to link the DuBiotech group with the global life sciences industry. DuBiotech includes a group of biotechnology, pharmaceutical, and research firms, including global leaders such as Pfizer, Amgen, Merck Serono, and Glaboratory balance and scales, in keeping with its philosophy of being the major life science centre in the Middle East. Many small and medium-sized enterprises are also involved in the city. Such initiatives will help the gain traction for the laboratory balance and scales market in near future.
A&D Company, Limited. , Adam Equipment Ltd, BONSO Electronics International Inc., GRAM PRECISION, METTLER TOLEDO, OHAUS, Sartorius AG, and Scientech Inc are among the leading companies in the MEA laboratory balances and scales market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Adam Equipment, introduced CBX, a new on-the-go, value-priced balance that's designed to outlast the average weighing device.
The report segments the MEA Laboratory Balances and Scales market as follows:
MEA Laboratory Balances and Scales Market – By Type
- Laboratory Balances
- Analytical Balances
- Top-Loading/Precision Balances
- Micro and Ultra-Micro Balances
- Moisture Balances
- Portable Balances
- Other Balances
- Laboratory Scale
- Bench Scales
- Counting Scales
- Compact Scales
- Other Scales
MEA Laboratory Balances and Scales Market – By End User
- Pharmaceutical/Biotechnology Products Testing Laboratories
- Cosmeceutical Products Laboratories
- Research Laboratories
- Academic Institutes
MEA Laboratory Balances and Scales Market – By Country
- Saudi Arabia
- South Africa
- Rest of MEA
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