Pharmaceutical Lab Equipment Market
                     Pharmaceutical Lab Equipment Market- Size, Share, Outlook, and Opportunity 
Analysis, 2020- 2027
Pharmaceutical lab equipment are of various sizes, shapes, and styles and are 
used for various purposes. There are various apparatus or equipment such as 
Vortex mixture, dasymeter, oscilloscope, comparison microscope, Gooch 
crucible, incubators, sterilizers, freezers, and freeze dryers. Safety equipment 
used for safety purposes include, goggles, gloves, caps, and apron to protect 
from any accidents or hazards, which are caused by vigorous chemical reactions 
that directly come in contact with the skin. Pharmaceutical lab equipment also 
include the spatulas and scoopulas. They are used for handling drug powders 
and to dissect during a chemical reaction in the pharmaceutical laboratory 
throughout the pharmaceutical experiment. Pipettes, droppers, tongs, weighing 
balances, burets, and forceps are some of the other common forms of equipment
that are commonly found in a pharmaceutical laboratory for experiment 
purposes.
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The  pharmaceutical  lab  equipment  market  size  was  valued  at  US$  9,000.3
million in 2017, and is expected to exhibit a CAGR of 4.3% over the forecast
period (2018 – 2026).
Increasing number of research and development activities in the pharmaceutical
industry is expected to lead to high demand for pharmaceutical lab equipment,
which in turn is expected to fuel the pharmaceutical lab equipment market growth
over the forecast period. Moreover, key players in the market are focused on
design and manufacturing of energy-efficient freezing and cooling systems. For
instance,  in  March  2018,  GEA introduced its  new RAYPP (Pilot  Plant)  batch
freeze dryers. The RAY PP (Pilot Plant) freeze dryer is designed for small scale
industries.  Its major applications include R&D drying of  general  food products
such as food, herbs, vegetables, instant coffee, meat, seafood. It also dries very
sensitive products such as enzymes, lactic acid bacteria, and lactoferrin.
Furthermore, in July 2018, PerkinElmer, Inc., a manufacturer of pharmaceutical
equipment,  announced  the  launch  of  FL  6500  Pulse  Xenon  and  FL  8500
Continuous Wave Fluorescence spectrometers. The fluorescence spectrometers
are  available  in  pharmaceutical  industries,  contract  and  pharmaceutical
laboratories,  research  and  development  sections,  and  in  academics  that
analyses a diverse range of sample types.
Several  pharmaceutical  lab  equipment  manufacturers  are  expanding  their
presence across the globe.  The pharmaceutical  lab equipment  manufacturers
are establishing their  commercial  production units in North America to remain
competitive and gain advantage over other competitors.  For instance,  in May
2017,  Thermo  Scientific,  headquartered  in  the  U.S.,  launched  new  high
performance refrigerated incubator consisting a powerful compressor technology
that provides the optimum temperature conditions. This optimal temperature is
essential for applications that require the thermal stability and uniformity above,
around or below the usual ambient laboratory temperature. The systems are also
suitable  for  standard  37  °C  incubation  applications  in  warm  laboratory
environments. The systems are suitable for use in a range of pharmaceutical,
water treatment, life science, biological research, and microbiology applications,
including water testing, incubation of bacteria and yeast, hatching of insects and
fish, biochemical oxygen demand (BOD) testing, and sample storage at specific
temperatures.
Furthermore, in February 2019, Danaher acquired Biopharma business of GE
Life  Sciences  for  US$  21.4  billion,  thus  adding  biopharmaceutical  research,
development, and manufacturing instruments, equipment, and consumables to
Danaher’s Life Science group.
Major players operating in the pharmaceutical lab equipment market include, GE
Healthcare,  Agilent  Technologies,  Waters,  Danaher,  Thermo  Fisher  Scientific,
Bruker,  Eppendorf,  Millipore,  Shimadzu,  Perkin  Elmer,  Brand  GmbH,  Pace
Analytical, and Telstar.
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