North America Laboratory Balances and Scales Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Laboratory Balances and Laboratory Scale) and End User (Pharmaceutical/Biotechnology Products Testing Laboratories, Cosmeceutical Products Laboratories, Academic Institutes, and Research Laboratories)
Market Introduction
North America is the largest market for laboratory balances and scales, with the US holding the largest market share, followed by Canada. North America now owns the largest market share and is projected to maintain its dominance during the projection period. The presence of large healthcare businesses and the growing usage of laboratory balances and scales in academic and research institutions are propelling the market's expansion in this area. The increasing investments and rising funds dedicated to the pharma manufacturing companies as well as academic and research institutes for the development of various medicines, growing geriatric population, infectious disease, and other therapeutics is one of the major driving factors. During the forecast era, the market's growth will be aided by the growing geriatric population. According to the UN Department of Economic and Social Affairs' Population Division, there were approximately 727 million people over the age of 65 in the world in 2021, with that figure projected to double by 2050. Swift growth of pharmaceutical and biotechnology industry is the major factor driving the growth of the North America laboratory balances and scales market.
In the North American region, the US was profoundly affected by the outbreak of the COVID-19 pandemic. The country has marked the highest number of positive patients and still facing the second wave of COVID-19. For instance, according to the WHO, between 3 January 2020 to 17 June 2021, 33,163,632 confirmed cases of COVID-19 had been registered. Also, the country has registered 595,256 death. Similarly, other countries have experienced a rise in the incidences of COVID-19 positive. Across the various healthcare sectors, the effect of a pandemic can be felt, resulting in various changes in the health care industry. Scientists are working together to produce and exchange genomic sequence data information, which can be used in disease detection and control efforts and conversely it is rising the demand for laboratory balances and scales market. The FDA has increased its efforts to support the health of people and has imposed several guidelines and for hospitals and medical device companies. Various companies also enhanced their research and development activities for diagnostics tests and therapeutic devices. For instance, companies such as Thermo Fisher Scientific, F. Hoffmann-La Roche AG, EverlyWell, and Abbott are producing COVID-19 tests. Whereas, Thermo Fisher Scientific has increased its production and has produced 5 million tests per week in April. Likewise, Abbott has received Emergency Use Authorization (EUA) for a point-of-care test that can provide results in minutes. Thus, increased production by the companies has resulted in profits, and the outbreak of COVID-19 has shown a positive impact on market growth.
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Market Overview and Dynamics
The laboratory balances and scales market in North America is expected to grow from US$ 660.05 million in 2021 to US$ 976.49 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. Country such as Mexico in this region is emerging as attractive outsourcing locations for pharmaceuticals and biopharmaceuticals industries. Low manufacturing and operating costs in emerging economies are key factors attracting these manufacturing businesses toward the region. Flourishing domestic pharmaceutical market in region and increasing number of pipeline drugs are further opening new avenues for the contract manufacturers as well as generic drug manufacturing in the region. Additionally, to meet the growing demand, many contract-based organizations are expanding their manufacturing capabilities. Thus, this expansion of manufacturing facilities is expected to offer favorable environment for the growth of the North America laboratory balances and scales market during the forecast period across the region.
Key Market Segments
The market for North America 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the laboratory balances and scales market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are A&D Company, Limited. , Adam Equipment Ltd, BONSO Electronics International Inc., GRAM PRECISION, METTLER TOLEDO, OHAUS, PCE Instruments, Sartorius AG, and Scientech Inc. among others.
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North America Laboratory Balances and Scales Market Segmentation
North America 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
North America Laboratory Balances and Scales Market -By End User
- Pharmaceutical/Biotechnology Products Testing Laboratories
- Cosmeceutical Products Laboratories
- Research Laboratories
- Academic Institutes
North America Laboratory Balances and Scales Market -By Country
- US
- Canada
- Mexico
North America Laboratory Balances and Scales Market -Company Profiles
- A&D Company, Limited.
- Adam Equipment Ltd
- BONSO Electronics International Inc.
- GRAM PRECISION
- METTLER TOLEDO
- OHAUS
- PCE Instruments
- Sartorius AG
- Scientech Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Laboratory Balances and Scales Market – By Type
1.3.2 North America Laboratory Balances and Scales Market – By End-User
1.3.3 North America Laboratory Balances and Scales Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Laboratory Balances and Scales Market – Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Expert Opinion
5. North America Laboratory Balances and Scales Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Swift Growth of Pharmaceutical and Biotechnology Industry
5.1.2 Rise in Number of Research Pipelines of Pharma-Biotech Companies and Contract Research Organizations
5.2 Market Restraints
5.2.1 Limited Replacement Rate Among End Users
5.3 Market Opportunities
5.3.1 Growth of Pharmaceutical Sector in Emerging Markets
5.4 Future Trends
5.4.1 Technological Progress in Laboratory Balances and Scales
5.5 Impact Analysis
6. Laboratory Balances and Scales Market – North America Analysis
6.1 North America Laboratory Balances and Scales Market Revenue Forecast and Analysis
7. North America Laboratory Balances and Scales Market Analysis – By Type
7.1 Overview
7.2 North America Laboratory Balances and Scales Market Revenue Share, by Type (2021 and 2028)
7.3 Laboratory Balances
7.3.1 Overview
7.3.2 Laboratory Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Analytical Balances
7.3.3.1 Overview
7.3.3.2 Analytical Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.3.4 Top-Loading/Precision Balances
7.3.4.1 Overview
7.3.4.2 Top-Loading/Precision Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.3.5 Micro and Ultra-Micro Balances
7.3.5.1 Overview
7.3.5.2 Micro and Ultra-Micro Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.3.6 Moisture Balances
7.3.6.1 Overview
7.3.6.2 Moisture Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.3.7 Portable Balances
7.3.7.1 Overview
7.3.7.2 Portable Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.3.8 Other Balances
7.3.8.1 Overview
7.3.8.2 Other Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Laboratory Scale
7.4.1 Overview
7.4.2 Laboratory Scale: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Bench Scale
7.4.3.1 Overview
7.4.3.2 Bench Scale: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.4.4 Counting Scales
7.4.4.1 Overview
7.4.4.2 Counting Scales: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.4.5 Compact Scales
7.4.5.1 Overview
7.4.5.2 Compact Scales: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
7.4.6 Other Scales
7.4.6.1 Overview
7.4.6.2 Other Scales: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Laboratory Balances and Scales Market – By End User
8.1 Overview
8.2 North America Laboratory Balances and Scales Market, by End User, 2021 and 2028 (%)
8.3 Pharmaceutical and Biotechnology Products Testing Laboratories
8.3.1 Overview
8.3.2 Pharmaceutical and Biotechnology Products Testing Laboratories: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Academic Institutes
8.4.1 Overview
8.4.2 Academic Institutes: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Cosmeceutical Products Laboratories
8.5.1 Overview
8.5.2 Cosmeceutical Products Laboratories: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Research Laboratories
8.6.1 Overview
8.6.2 Research Laboratories: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Laboratory Balances and Scales Market Analysis and Forecasts To 2028 – Country Analysis
9.1 North America
9.1.1 Overview
9.1.2 North America: Laboratory Balances and Scales Market, by Country, 2021 & 2028 (%)
9.1.2.1 US
9.1.2.1.1 US: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2 US: Laboratory Balances and Scales Market, by Laboratory Balances and Scales Type, 2019–2028 (USD Million)
9.1.2.1.2.1 US: Laboratory Balances and Scales Market, by Laboratory Balances, 2019–2028 (USD Million)
9.1.2.1.2.2 US: Laboratory Balances and Scales Market, by Laboratory Scales, 2019–2028 (USD Million)
9.1.2.1.3 US: Laboratory Balances and Scales Market, by End User, 2019–2028 (USD Million)
9.1.2.2 Canada
9.1.2.2.1 Canada: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.2 Canada: Laboratory Balances and Scales Market, by Laboratory Balances and Scales Type, 2019–2028 (USD Million)
9.1.2.2.2.1 Canada: Laboratory Balances and Scales Market, by Laboratory Balances, 2019–2028 (USD Million)
9.1.2.2.2.2 Canada: Laboratory Balances and Scales Market, by Laboratory Scales, 2019–2028 (USD Million)
9.1.2.2.3 Canada: Laboratory Balances and Scales Market, by End User, 2019–2028 (USD Million)
9.1.2.3 Mexico
9.1.2.3.1 Mexico: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2 Mexico: Laboratory Balances and Scales Market, by Laboratory Balances and Scales Type, 2019–2028 (USD Million)
9.1.2.3.2.1 Mexico: Laboratory Balances and Scales Market, by Laboratory Balances, 2019–2028 (USD Million)
9.1.2.3.2.2 Mexico: Laboratory Balances and Scales Market, by Laboratory Scales, 2019–2028 (USD Million)
9.1.2.3.3 Mexico: Laboratory Balances and Scales Market, by End User, 2019–2028 (USD Million)
10. Impact of COVID-19 Pandemic on North America Laboratory Balances and Scales Market
10.1 Overview
11. Laboratory Balances and Scales Market–Industry Landscape
11.1.1 Organic Developments Done by Companies
12. Company Profiles
12.1 METTLER TOLEDO
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sartorius AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PCE Instruments
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 OHAUS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Adam Equipment Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 GRAM PRECISION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Scientech Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 BONSO Electronics International Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 A&D Company, Limited.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Laboratory Balances and Scales Market, by Laboratory Balances and Scales Type– Revenue and Forecast to 2028 (USD Million)
Table 3. US: Laboratory Balances and Scales Market, by Laboratory Balances– Revenue and Forecast to 2028 (USD Million)
Table 4. US: Laboratory Balances and Scales Market, by Laboratory Scales– Revenue and Forecast to 2028 (USD Million)
Table 5. US: Laboratory Balances and Scales Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada: Laboratory Balances and Scales Market, by Laboratory Balances and Scales Type– Revenue and Forecast to 2028 (USD Million)
Table 7. Canada: Laboratory Balances and Scales Market, by Laboratory Balances– Revenue and Forecast to 2028 (USD Million)
Table 8. Canada: Laboratory Balances and Scales Market, by Laboratory Scales– Revenue and Forecast to 2028 (USD Million)
Table 9. Canada: Laboratory Balances and Scales Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico: Laboratory Balances and Scales Market, by Laboratory Balances and Scales Type– Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico: Laboratory Balances and Scales Market, by Laboratory Balances– Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico: Laboratory Balances and Scales Market, by Laboratory Scales– Revenue and Forecast to 2028 (USD Million)
Table 13. Mexico: Laboratory Balances and Scales Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 14. Glossary of Terms, North America Laboratory Balances and Scales Market
LIST OF FIGURES
Figure 1. North America Laboratory Balances and Scales Market Segmentation
Figure 2. North America Laboratory Balances and Scales Market – By Country
Figure 3. North America Laboratory Balances and Scales Market Overview
Figure 4. Laboratory Balances Segment Held Largest Share of North America Laboratory Balances and Scales Market
Figure 5. US to Show Remarkable Growth During Forecast Period
Figure 6. North America Laboratory Balances and Scales Market: Impact Analysis of Drivers and Restraints
Figure 7. North America Laboratory Balances and Scales Market – Revenue Forecast and Analysis
Figure 8. North America Laboratory Balances and Scales Market Revenue Share, by Type (2021 and 2028)
Figure 9. North America Laboratory Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America Analytical Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Top-Loading/Precision Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Micro and Ultra-Micro Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Moisture Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Portable Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Other Balances: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Laboratory Scale: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Bench Scale: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Counting Scales: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Compact Scales: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Other Scales: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Laboratory Balances and Scales Market, by End User, 2021 and 2028 (%)
Figure 22. North America Pharmaceutical and Biotechnology Products Testing Laboratories: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Academic Institutes: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Cosmeceutical Products Laboratories: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Research Laboratories: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Laboratory Balances and Scales Market, by Key Country – Revenue (2021) (USD Million)
Figure 27. North America: Laboratory Balances and Scales Market, by Country, 2021 & 2028 (%)
Figure 28. US: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Canada: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Mexico: Laboratory Balances and Scales Market – Revenue and Forecast to 2028 (USD Million)
Figure 31. Impact of COVID-19 Pandemic in North American Country Markets
- A&D Company, Limited.
- Adam Equipment Ltd
- BONSO Electronics International Inc.
- GRAM PRECISION
- METTLER TOLEDO
- OHAUS
- PCE Instruments
- Sartorius AG
- Scientech Inc.
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