PUBLISHER: Allied Market Research | PRODUCT CODE: 1225044
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225044
The global laboratory balance and scales market was valued at $1.1 million in 2021, and is projected to reach $1.6 million by 2031, registering a CAGR of 4.4% from 2022 to 2031.
Laboratory balances and scales are used as the weighing equipment for the analytical and quantitative testing. These are used to determine the mass of the product or sample. The types of formulation that can be weighed over the balance include liquid, solid, tissues, and powder. The weighing balances that are used for measurement include both mechanical balances and electrical or digital type balance. The main applications of the laboratory balances and scales include quality control, testing and even manufacturing of the products. The balances can be of several types like analytical balance, precision balance, moisture balance and micro balance. The readability of each type of balance varies from the other balance with application in laboratories and authorities. For instance, the readability of the analytical balance has a range between 0.1mg to 0.01mg. The major functions which these laboratory balances and scales are in tablet counting, prescription dosage preparation and percent calculation of the different ratios of samples to be used.
The growth of the laboratory balance and scales market is driven by increase in number of research and development activities, increase in the expenditure on the research and development by the government research laboratories and private organizations and increase in the technological advancements of the laboratory balances & scale and increase the number of research laboratories. Moreover, increase in the research pipeline among the pharmaceutical and biotechnology research organizations and growing awareness about strictness in the research analysis like the slightest change in room temperature can cause noticeable changes in the weight of the sample. Hence, the strict temperature controls are needed to give accurate results of the experiments by proper weighing the materials which further increase. Moreover, the federally funded R&D at universities increased by 3.7% to $46.2 billion in 2020. This total was $1.7 billion greater than in 2019. However, the availability of a smaller number of options for the balances and scales among the organizations is expected to hinder the growth of the market.
The global laboratory balance and scales market is segmented into product type, end user and region. On the basis of product type, the market is classified into micro balance, analytical balance, compact scale, precision balance, moisture balance and others. On the basis of end user, the market is classified into pharmaceutical, cosmeceutical, biotechnology product testing laboratories, chemical & material testing laboratories, food & beverage testing laboratories and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include A&D Holon Holding Company Ltd., Adam Equipment Ltd., Essae Group, Kern & Sogn GmbH, Metler Toledo international, Inc., , PCE Instruments, Radwag Balances and Scales, Sartorius AG, Schimadzu Corporation, Scientech Inc.
Key Benefits For Stakeholders
By Product Type
By End users
By Region