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Laboratory Pumping Systems to Reach $3.1 Billion by 2012, According to New Report by Global Industry Analysts, Inc.
Date:10/23/2008

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.

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Laboratory Pumping Systems to Reach $3.1 Billion by 2012, According to New Report by Global Industry Analysts, Inc.
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