Pharmaceutical Lab Equipment Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

 

The pharmaceutical lab equipment market is expected to grow due to an increase in research and development activities.

The pharmaceutical industry's growing research and development efforts are likely to lead to increased demand for pharmaceutical lab equipment, which will drive the market's expansion throughout the forecast period. Furthermore, prominent market competitors are concentrating on the design and manufacture of energy-efficient freezing and cooling systems. For example, GEA announced its new RAYPP (Pilot Plant) batch freeze dryers in March 2018. Small-scale enterprises will benefit from the RAY PP (Pilot Plant) freeze drier. R&D drying of common food products such as food, herbs, vegetables, instant coffee, meat, and shellfish is one of its main applications. It also dries delicate goods.

Pharmaceutical lab equipment comes in a variety of sizes, forms, and styles, and it's employed for a variety of applications. Vortex mixture, dasymeter, oscilloscope, comparison microscope, Gooch crucible, incubators, sterilisers, freezers, and freeze dryers are among the different apparatus or equipment. Goggles, gloves, caps, and an apron are among the safety equipment used to protect against accidents or risks produced by violent chemical reactions that come into direct contact with the skin. Spatulas and scoopulas are examples of pharmaceutical lab equipment. They are used in the pharmaceutical laboratory to handle drug powders and to dissect during a chemical reaction during the pharmaceutical experiment.

Pipettes, droppers, tongs, weighing scales, burets, and forceps are some of the other widely used pieces of equipment in a pharmaceutical laboratory.

The Pharmaceutical Lab Equipment Market was valued at US$ 9,000.3 million in 2017 and is predicted to grow at a CAGR of 4.3 percent from 2018 to 2026.