Service Laboratory Market worth 5.45 Billion USD and Global Forecast 2020

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MarketsandMarkets Presents
Service Laboratory Market by Service Type (OEM,
Laboratory Services), Product/Technology ,
Application (Biotechnology, Pharmaceutical,
Semiconductor) and Geography - Global forecast to
2020 The total market for service laboratory
will be worth USD 5.45 Billion by 2020, at an
estimated CAGR of 6.5
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Service laboratory equipment helps in analyzing
the root cause of failure of an end product,
device, or system in order to develop corrective
action plan. It helps in improving next
generation versions of the product or other
products. Once the root cause for quality and
productivity related problems has been identified
for the manufacturing process to overcome failure
mode, the service laboratory equipment is used.
These instruments include scanning electron
microscope (SEM), transmission electron
microscope (TEM), and secondary ion mass
spectroscopy (SIMS). The overall service
laboratory market was valued at USD 3.75 Billion
in 2014 and is expected to grow at a CAGR of
6.45 from 2014 to 2020. PDF Brochure
http//www.marketsandmarkets.com/pdfdownload.asp?i
d217831287 North America, Europe, and even
APAC countries such as China and Japan are some
of the early adopters of the service laboratory
market. China is a potential market for
microscopy as skilled workforce and early stage
capital can be easily available. India and Brazil
are prospective markets due to their growing RD
initiatives. Moreover, the easy availability of
funding in these countries is a key driving
factor. Material science is the biggest
application segment for SEM and is followed by
the industrial segment.
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The growth of the service laboratory market is
driven by increased investment in technology and
technological advancements, such as
super-resolution techniques. Factors such as high
excise duty and custom duty on medical devices
restrain the market growth. The increasing demand
from emerging economies is one of the key
opportunities for the service laboratory market.
Investments in nanotechnology are on the rise,
owing to the increased demand for advanced
miniaturized systems and applications in various
fields, such as pharmaceuticals, biotechnology,
chemical manufacturing, aerospace, electronics,
and textiles. Similarly, the growing interest in
nanocrystalline solids is an evolving trend in
the material science market. Report Information
http//www.marketsandmarkets.com/Market-Reports/
service-laboratory-market-217831287.html The
major companies involved in laboratory services
are Exponent, Inc. (United States), Integrated
Service Technology, Inc. (Taiwan), Nanolab
Technologies, Inc. (United States), and
Chipworks, Inc. (Canada), among others. The major
OEMs include Hitachi High-Technologies
Corporation (Japan), FEI Company (United States),
JEOL Ltd. (Japan), and Carl Zeiss AG (Germany)
among others.
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