Lab equipment manufacturers in India are a very rapidly growing sector in the country. The laboratory equipment manufacturers market is chiefly driven by reasons like increase in investments in healthcare, growing awareness about health issues, growing number of lifestyle diseases, and high growth of the health industry. The global market for laboratory equipment manufacturers is forecasted to surpass $11 billion by the end of 2022 at a high CAGR of over 10% in the five year period 2017-2022. The global lab equipment was valued at $6 billion at end of the previous year 2017. The lab equipment manufacturers in India are thriving mainly by increased spend on R&D in pharma and biotech sectors for complete laboratory equipment names manufactured by the top 10 laboratory equipment manufacturers and a rising demand for effective diagnosis of various lifestyle diseases with the best list of laboratory apparatus.
In addition, markets that are still developing like India and China coupled the growing number of laboratory equipment manufacturers is likely to boost the growth of revenue for laboratory equipment suppliers. The top 10 laboratory equipment manufacturers in Asia are forecasted to expand at the best CAGR during the forecast period, on account of the rising focus of lab equipment manufacturers in India at hosting clinical trials.
Industry Analysis for Lab Equipment Manufacturers in India
Currently, lab equipment manufacturers in India function in the market on multiple business models. The increase in the number of 20 laboratory apparatus will help this market to witness significant growth, by increasing the use of the best list of laboratory apparatus and laboratory equipment names. Besides, increased investments by the top 10 laboratory equipment manufacturers, on different laboratory equipment names will push the market towards growth by expanding the end user size for 20 laboratory apparatus and their uses. Asia is forecasted to be the most fast-growing region in this market, owing to rise in focus of the pharma and biotech sectors in developing economies for conducting clinical trials. This is also because Asian markets offer a significant cost advantage and have a skilled workforce.
Till the recent past, India was known only as a potential manufacturing hub for a drug. However, over the last decade, lab equipment manufacturers in India have reshaped themselves into a global R&D hub. Laboratory equipment manufacturers are expanding at a fast rate due to the increasing focus on monitoring the environment and rising demand from the industrial sector. The growth in government spending on R&D along with heavy capital expenditure in the lab equipment sector is boosting the growth of lab equipment manufacturers in India.
Top Lab Equipment Manufacturers in India in 2018
1. Bionics Scientific Technologies (P) Ltd
Bionics Scientific Technologies (P) Ltd is an ISO certified top 10 laboratory equipment manufacturers in India. This leading company manufactures over types of 20 laboratory apparatus, and was incorporated in 1992 in Delhi.
2. ACMAS Technologies Pvt. Ltd
ACMAS Technologies Pvt. Ltd is a top lab equipment manufacturers in India serving over 600 institutions nationally and exporting the best 20 laboratory apparatus and their uses to more than 42 countries across the globe at the most reasonable laboratory equipments price list. This company manufactures a comprehensive list of laboratory apparatus and was founded in the year 1991 being headquartered at Sonipat, Haryana.
3. Biotechnologies INC
Biotechnologies INC is a leading lab equipment manufacturers in India founded in 1984 by Sharad Srivastava. This top 10 laboratory equipment manufacturers company is a global leader in manufacturing high-quality 20 laboratory apparatus at the best laboratory equipments price list.
4. Labtop Instruments Private Limited
Labtop Instruments Private Limited is a top 10 laboratory equipment manufacturers from India. Labtop is based in Thane, Maharashtra and is a key laboratory equipments suppliers with a diverse laboratory equipments price list on their portfolio.
5. Advance Scientific Equipment Pvt. Ltd
Advance Scientific Equipment Pvt. Ltd is a trusted lab equipment manufacturers in India. This top 10 laboratory equipment manufacturers was founded in 1990 and has its headquarters in Mumbai, Maharashtra. This well-renowned laboratory equipments manufacturers caters the best laboratory equipment names and 20 laboratory apparatus and their uses for various clients across the globe.
Future Prospects of the Lab Equipment Industry
Top 10 laboratory equipment manufacturers across the globe are adopting newer technology and 20 laboratory apparatus to expand production and enhance their efficiency. A major technological advancement is the Internet of Things (IoT) due to which no laboratory equipment is immune to this massive technological evolution taking place for 20 laboratory apparatus and lab equipment manufacturers in India.
Lab equipment manufacturers in India must efficiently use material and resources to promote a sustainable and energy efficient environment for the laboratory equipment suppliers. Energy savings lead to a decrease in 20 laboratory apparatus and their uses, while also promoting safety for laboratory equipment suppliers. The future growth of lab equipment market depends largely on the R&D spending of top 10 laboratory equipment manufacturers and of industries such as pharmaceutical, chemical, food & beverages, oil & gas.
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