Global Medical Sensors Market, 2016–2024: Industry Size, Share and Fo Laboratory Equipment Services Market | Page 3

Laboratory Equipment Services Market
On the other hand, increasing spotlight to reduce the cost of treatments among healthcare
providers is the main reason hampering the growth of global laboratory equipment services
market. The high value of contracts for servicing laboratory equipment is one of the reasons
that are decreasing the growth of the global market. Further, huge value of the raw material
is also one of the significant reasons that are restraining the growth of the global market.
Moving on, growing stress on pharmaceutical firms to decrease the price of marketing their
drugs is one of the reasons that are decreasing the growth of the global market.
Global Laboratory Equipment Services Market: Segmentation
Based on service types, the global laboratory equipment services market is mainly classified
as calibration, repair and maintenance, validation, and other services.
Based on equipment, the global market is bifurcated into general equipment, analytical
equipment, specialty equipment, support equipment, and others.
On the basis of the service contract, the global market for laboratory equipment services
segmented into standardized and customized.
Based on the service provider, the global market is divided into third-party service agencies,
original equipment manufacturers, and others.
On the basis of the end user, the global market for laboratory equipment services classified
into pharmaceutical and biotechnology companies, clinical and diagnostic laboratories,
academic institutes, and others.
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