The Europe Laboratory Balances and Scales Market would witness market growth of 4.2% CAGR during the forecast period (2022-2028).
The precision balances are used in the quality and research control laboratory of the pharmaceuticals, food, chemicals, textile businesses, and academic institutes. In the laboratories, the precision balances are used for general weighing, dynamic weighing, making samples, statistical quality control, formulation, and interval weighing. Because of the quality of high precision and accuracy, the precision balance is ideal for any general measuring work in the lab.
Extremely accurate and top-loading laboratory balances of 10 kg or more are joined with a bigger stand, and they are generally used in pharmaceuticals, chemicals, and adhesive production. Moreover, they can also be used in the jewelry business for weighing gold, diamond, and other metals and stones.
Analytical balances are mostly used in the science laboratory, pharmaceuticals industry, and also in higher education institutes for the formulation of compounds, identification of density, analysis of purity, and conformance setting. They are also being used in medical laboratories and the healthcare industry to get an accurate reading of a patient's weight which can be checked by doctors and other health experts. Additionally, the analytical balance is continuously used for making the standards or buffer recipes and measuring peptides.
Germany comprises of one among the most prominent pharmaceutical industry in Europe region. Revenues in the pharmaceutical industry as a whole climbed by 5.7% in 2019 to reach EUR 46.4 billion (ex-manufacturer prices). The pharmacy sector produced about 86 percent of revenues, while the clinic segment brought in about 14 percent. Drug sales by pharmacies (including mail-order pharmacies) increased to EUR 58.8 billion (expharmacy prices) in the same year, a growth of 5.3%. 88 percent of these sales were for prescription-only drugs. Non-prescription drugs sold 50% of all units sold, but only made up 12% of total income. Germany is home to more than 500 pharmaceutical companies, both domestically based businesses and overseas subsidiaries. This supports the growth of the regional market.
The Germany market dominated the Europe Laboratory Balances and Scales Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $88.3 million by 2028. The UK market is anticipated to grow at a CAGR of 3.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 4.9% during (2022 - 2028).
Based on Product Type, the market is segmented into Analytical Balances, Precision Balances, Moisture Balances, Compact Scale, Micro Balance, and Others. Based on End User, the market is segmented into Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories, Chemical & Material Testing laboratories, Food & Beverage Testing Laboratories, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Laboratory Balances and Scales Market will Hit $1.3 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mettler-Toledo International, Inc., A&D HOLON Holdings Company, Limited, Sartorius AG, Shimadzu Corporation, Adam Equipment Inc. (Indutrade AB), Essae-Teraoka Pvt. Ltd., Scientech, Inc., Radwag Balances and Scales, Kern & Sohn GmbH, and PCE Holding GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Analytical Balances
- Precision Balances
- Moisture Balances
- Compact Scale
- Micro Balance
- Others
By End User
- Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories
- Chemical & Material Testing laboratories
- Food & Beverage Testing Laboratories
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Mettler-Toledo International, Inc.
- A&D HOLON Holdings Company, Limited
- Sartorius AG
- Shimadzu Corporation
- Adam Equipment Inc. (Indutrade AB)
- Essae-Teraoka Pvt. Ltd.
- Scientech, Inc.
- Radwag Balances and Scales
- Kern & Sohn GmbH
- PCE Holding GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Laboratory Balances and Scales Market, by Product Type
1.4.2 Europe Laboratory Balances and Scales Market, by End User
1.4.3 Europe Laboratory Balances and Scales Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Laboratory Balances and Scales Market by Product Type
3.1 Europe Analytical Balances Market by Country
3.2 Europe Precision Balances Market by Country
3.3 Europe Moisture Balances Market by Country
3.4 Europe Compact Scale Market by Country
3.5 Europe Micro Balance Market by Country
3.6 Europe Others Market by Country
Chapter 4. Europe Laboratory Balances and Scales Market by End User
4.1 Europe Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country
4.2 Europe Chemical & Material Testing laboratories Market by Country
4.3 Europe Food & Beverage Testing Laboratories Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe Laboratory Balances and Scales Market by Country
5.1 Germany Laboratory Balances and Scales Market
5.1.1 Germany Laboratory Balances and Scales Market by Product Type
5.1.2 Germany Laboratory Balances and Scales Market by End User
5.2 UK Laboratory Balances and Scales Market
5.2.1 UK Laboratory Balances and Scales Market by Product Type
5.2.2 UK Laboratory Balances and Scales Market by End User
5.3 France Laboratory Balances and Scales Market
5.3.1 France Laboratory Balances and Scales Market by Product Type
5.3.2 France Laboratory Balances and Scales Market by End User
5.4 Russia Laboratory Balances and Scales Market
5.4.1 Russia Laboratory Balances and Scales Market by Product Type
5.4.2 Russia Laboratory Balances and Scales Market by End User
5.5 Spain Laboratory Balances and Scales Market
5.5.1 Spain Laboratory Balances and Scales Market by Product Type
5.5.2 Spain Laboratory Balances and Scales Market by End User
5.6 Italy Laboratory Balances and Scales Market
5.6.1 Italy Laboratory Balances and Scales Market by Product Type
5.6.2 Italy Laboratory Balances and Scales Market by End User
5.7 Rest of Europe Laboratory Balances and Scales Market
5.7.1 Rest of Europe Laboratory Balances and Scales Market by Product Type
5.7.2 Rest of Europe Laboratory Balances and Scales Market by End User
Chapter 6. Company Profiles
6.1 Mettler-Toledo International, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.5.2 Acquisition and Mergers:
6.2 A&D HOLON Holdings Company, Limited
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.3 Sartorius AG
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.4 Shimadzu Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 Adam Equipment Inc. (Indutrade AB)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Development Expenses
6.6 Essae-Teraoka Pvt. Ltd.
6.6.1 Company Overview
6.7 Scientech, Inc.
6.7.1 Company Overview
6.8 Radwag Balances and Scales
6.8.1 Company Overview
6.9 Kern & Sohn GmbH
6.9.1 Company Overview
6.10. PCE Holding GmbH
6.10.1 Company Overview
TABLE 1 Europe Laboratory Balances and Scales Market, 2018 - 2021, USD Million
TABLE 2 Europe Laboratory Balances and Scales Market, 2022 - 2028, USD Million
TABLE 3 Europe Laboratory Balances and Scales Market by Product Type, 2018 - 2021, USD Million
TABLE 4 Europe Laboratory Balances and Scales Market by Product Type, 2022 - 2028, USD Million
TABLE 5 Europe Analytical Balances Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Analytical Balances Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Precision Balances Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Precision Balances Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Moisture Balances Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Moisture Balances Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Compact Scale Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Compact Scale Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Micro Balance Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Micro Balance Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Laboratory Balances and Scales Market by End User, 2018 - 2021, USD Million
TABLE 18 Europe Laboratory Balances and Scales Market by End User, 2022 - 2028, USD Million
TABLE 19 Europe Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Chemical & Material Testing laboratories Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Chemical & Material Testing laboratories Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Food & Beverage Testing Laboratories Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Food & Beverage Testing Laboratories Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Laboratory Balances and Scales Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Laboratory Balances and Scales Market by Country, 2022 - 2028, USD Million
TABLE 29 Germany Laboratory Balances and Scales Market, 2018 - 2021, USD Million
TABLE 30 Germany Laboratory Balances and Scales Market, 2022 - 2028, USD Million
TABLE 31 Germany Laboratory Balances and Scales Market by Product Type, 2018 - 2021, USD Million
TABLE 32 Germany Laboratory Balances and Scales Market by Product Type, 2022 - 2028, USD Million
TABLE 33 Germany Laboratory Balances and Scales Market by End User, 2018 - 2021, USD Million
TABLE 34 Germany Laboratory Balances and Scales Market by End User, 2022 - 2028, USD Million
TABLE 35 UK Laboratory Balances and Scales Market, 2018 - 2021, USD Million
TABLE 36 UK Laboratory Balances and Scales Market, 2022 - 2028, USD Million
TABLE 37 UK Laboratory Balances and Scales Market by Product Type, 2018 - 2021, USD Million
TABLE 38 UK Laboratory Balances and Scales Market by Product Type, 2022 - 2028, USD Million
TABLE 39 UK Laboratory Balances and Scales Market by End User, 2018 - 2021, USD Million
TABLE 40 UK Laboratory Balances and Scales Market by End User, 2022 - 2028, USD Million
TABLE 41 France Laboratory Balances and Scales Market, 2018 - 2021, USD Million
TABLE 42 France Laboratory Balances and Scales Market, 2022 - 2028, USD Million
TABLE 43 France Laboratory Balances and Scales Market by Product Type, 2018 - 2021, USD Million
TABLE 44 France Laboratory Balances and Scales Market by Product Type, 2022 - 2028, USD Million
TABLE 45 France Laboratory Balances and Scales Market by End User, 2018 - 2021, USD Million
TABLE 46 France Laboratory Balances and Scales Market by End User, 2022 - 2028, USD Million
TABLE 47 Russia Laboratory Balances and Scales Market, 2018 - 2021, USD Million
TABLE 48 Russia Laboratory Balances and Scales Market, 2022 - 2028, USD Million
TABLE 49 Russia Laboratory Balances and Scales Market by Product Type, 2018 - 2021, USD Million
TABLE 50 Russia Laboratory Balances and Scales Market by Product Type, 2022 - 2028, USD Million
TABLE 51 Russia Laboratory Balances and Scales Market by End User, 2018 - 2021, USD Million
TABLE 52 Russia Laboratory Balances and Scales Market by End User, 2022 - 2028, USD Million
TABLE 53 Spain Laboratory Balances and Scales Market, 2018 - 2021, USD Million
TABLE 54 Spain Laboratory Balances and Scales Market, 2022 - 2028, USD Million
TABLE 55 Spain Laboratory Balances and Scales Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Spain Laboratory Balances and Scales Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Spain Laboratory Balances and Scales Market by End User, 2018 - 2021, USD Million
TABLE 58 Spain Laboratory Balances and Scales Market by End User, 2022 - 2028, USD Million
TABLE 59 Italy Laboratory Balances and Scales Market, 2018 - 2021, USD Million
TABLE 60 Italy Laboratory Balances and Scales Market, 2022 - 2028, USD Million
TABLE 61 Italy Laboratory Balances and Scales Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Italy Laboratory Balances and Scales Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Italy Laboratory Balances and Scales Market by End User, 2018 - 2021, USD Million
TABLE 64 Italy Laboratory Balances and Scales Market by End User, 2022 - 2028, USD Million
TABLE 65 Rest of Europe Laboratory Balances and Scales Market, 2018 - 2021, USD Million
TABLE 66 Rest of Europe Laboratory Balances and Scales Market, 2022 - 2028, USD Million
TABLE 67 Rest of Europe Laboratory Balances and Scales Market by Product Type, 2018 - 2021, USD Million
TABLE 68 Rest of Europe Laboratory Balances and Scales Market by Product Type, 2022 - 2028, USD Million
TABLE 69 Rest of Europe Laboratory Balances and Scales Market by End User, 2018 - 2021, USD Million
TABLE 70 Rest of Europe Laboratory Balances and Scales Market by End User, 2022 - 2028, USD Million
TABLE 72 KEY INFORMATION – A&D HOLON Holdings Company, Limited
TABLE 73 KEY INFORMATION – Sartorius AG
TABLE 74 Key Information – Shimadzu Corporation
TABLE 75 Key Information – Adam Equipment Inc.
TABLE 76 Key Information – Essae-Teraoka Pvt. Ltd.
TABLE 77 Key Information – Scientech, Inc.
TABLE 78 Key Information – Radwag Balances and Scales
TABLE 79 key Information – Kern & Sohn GmbH
TABLE 80 Key Information – PCE Holding GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Mettler-Toledo International, Inc.