LAMEA Laboratory Balances and Scales Market Size, Share & Industry Trends Analysis Report By Product Type (Analytical Balances, Precision Balances, Moisture Balances, Compact Scale, Micro Balance, and Others), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Laboratory Balances and Scales Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).
The contemporary laboratory balances can be connected to a computer, data printer, analytical device, or also with laboratory robot with the help of serial, parallel, or USB links. Some of the existing models of balances are also equipped with Bluetooth technology and provide wireless connection. Almost all balances have a built-in interface for sending the data to computers and printers.
An additional benefit of working with digital balances and scales is that it considerably reduces or removes the possibility of human error. Digital balances and scales can also be operated locally with the help of a touch screen or remotely with the help of computers connected to the balances and scales. Hence, the digital balances and scales are user-friendly in the lab.
Nigeria imports huge amounts of pharmaceutical products from many international companies. Moreover, heavy machines used in the pharmaceutical industry are also imported from different countries. The pharmaceutical sector of the nation requires significant development in order to meet their pharmaceutics demand by in-country production. This arises the need for research & development in the pharmaceutical industry, thereby the driving the growth of laboratory balances and scales market.
The Brazil market dominated the LAMEA 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 $25 million by 2028. The Argentina market is experiencing a CAGR of 8.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Laboratory Balances and Scales Market is Projected to reach USD 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
By End User
- Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories
- Chemical & Material Testing laboratories
- Food & Beverage Testing Laboratories
- Saudi Arabia
- South Africa
- Rest of LAMEA
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
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Global Laboratory Balances and Scales Market Report 2022-2028
North America Laboratory Balances and Scales Market Report 2022-2028
Europe Laboratory Balances and Scales Market Report 2022-2028
Asia Pacific Laboratory Balances and Scales Market Report 2022-2028