Market Trends & OpportunitiesRising Penetration of Multi-vendor Services: The laboratory equipment services market is witnessing a surge in multi-vendor services, also known as Laboratory Asset Management (LAM) or Single Source Services. The laboratory equipment services market is witnessing a surge in multi-vendor services, also known as Laboratory Asset Management (LAM) or Single Source Services. Emerging Trend of Outsourcing Laboratory Equipment Services: In a bid to control costs, pharmaceutical, biotech, medical device companies, and healthcare settings such as hospitals and clinics are increasingly outsourcing laboratory equipment services. Increasing Complexity in Laboratory Equipment: The global laboratory industry is experiencing significant growth, driven by high-tech technology integrations and advancements in lab equipment. Insights by Equipment TypeThe global laboratory equipment services market comprises three primary equipment types: analytical, specialty, and general and support equipment.

Source: The North Africa Journal October 16, 2023 15:25 UTC