Phenomenal growth in large-scale applications such as combinatorial chemistry is expected to fuel demand for standard as well as highly specialized laboratory equipment including laboratory pumps. Backed by favorable end-use trends, the market is projected to reach US$3.1 billion by 2012.
San Jose, CA (PRWEB) October 23, 2008 -- Liquid handling/transfer equipment such as pumps is widely used in laboratories worldwide. Pumps are used for common laboratory research and development applications. Life science and biomedical research is in the limelight following successful sequencing of the human genome and improvements in protein research technology. The market for laboratory pumping systems is witnessing the advent of new contamination and corrosion resistant products that can be used for handling hazardous liquids.
United States, Europe, and Asia-Pacific collectively accounted for close to 79% share of the laboratory pumping systems market, as stated by Global Industry Analysts, Inc. United States is the largest market with projected sales worth US$802 million in 2010. Asia-Pacific is projected to be the fastest growing regional market over the review period 2000-2010. Liquid Pumpsrepresents the leading product category with sales forecast to rise to US$1.38 billion in 2009. The market for peristaltic pumps is projected to register compounded annual growth of about 3.8% through 2010.
The market for laboratory pumps includes participants such as Alcatel Vacuum Technology, Edwards, Eldex Laboratories, Gardner Denver Thomas Inc/Welch Vacuum Technology, Instech Laboratories, KNF Neuberger, Oerlikon Leybold Vacuum, Pfeiffer Vacuum Technology, Thermo Fisher Scientific Inc, Varian, Verder DEUTSCHLAND GMBH and Watson Marlow Bredel Pumps Limited.
The report titled "Laboratory Pumping Systems: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, and competition pertaining to the market. The report also provides information on player profiles, recent developments, mergers, acquisitions and other strategic industry activities. The report provides data analytics for the period 2000-2015 for major product segments such as Air Pumps, Liquid Pumps and Peristaltic Pumps. Analysis is presented for established and emerging markets including United States, Canada, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, and Latin America.
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Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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