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Lab Equipment and Supplies (:star:Industry Drivers (Drug Pipeline: More…
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Economic Stagnancy in Established Markets In 2016, the US and Europe contributed 48% and 32% respectively to the global lab supplies and equipment market
Economic Slowdown in Emerging Markets During 2011-2014, the lab products industry (Consumables, Chemicals and Equipment) has performed well in India and China and has witnessed yearly growth of 12% and 9% respectively.
During 2015-166, the economic in China and India impacted the growth of lab consumable industry
Buyer Segment Trends: Pharmaceutical companies are primary buyers of Lab Equipment and the Suppliers are keen on meeting buyer's interest. Pharmaceutical End user often look up for new hybrid technologies. High growth potential of demand from CROSs make them an attractive buyers for suppliers along with Pharma and Biotech.
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