Laboratory Equipment Market Scope The Global Laboratory Equipment Market size can touch a value of USD 58,960 million by 2025. It can exhibit a CAGR of 7.3% over the forecast period. Advances in laboratory equipment can lead to rapid testing and development of new vaccines and drugs. The rising spate of chronic diseases is likely to be a enabler for such equipment. Initiatives by public and private companies to invest in research and development can bode well for the market. New regulations aimed at ensuring the safety of laboratory equipment is expected to ensure adherence to quality and manufacturing standards. For instance, the Clinical Laboratory Improvement Amendments (CLIA) Act provides regulatory bodies’ ample time for screening and monitoring of the equipment before prior commercialization. Recently, US-based Aperiomics got approval for diagnosing the presence of COVID-19 within 48-72 hours. However, the shift of business models from lab-based diagnosis to point-of-care di
https://www.medgadget.com/2020/04/laboratory-equipment-market-size-worth-usd-58960-million-7-3-cagr-by-2025.html
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