Laboratory Ovens Market

Laboratory Ovens Market: Clinical & Medical Laboratories Expected to Witness Highest Adoption During the Forecast Period: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027

  • 2018-11-28
  • REP-GB-7786
  • 145 pages
  • PDF PPT EXCEL
 Laboratory Ovens Market

An Incisive, In-depth Analysis on the Laboratory Ovens Market

This study offers a comprehensive, 360 degree analysis on the Laboratory Ovens market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Laboratory Ovens market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Laboratory Ovens Market Introduction

Laboratory ovens are generally used in most clinical, research and forensic laboratories for high-forced volume thermal convection applications as they provide excellent temperature uniformity. They are used for laboratory work, which includes baking, sample drying, annealing, conditioning, evaporating, dehydrating and sterilising, among others. In the laboratory ovens market, most of the well-established and growing vendors are offering laboratory ovens of various types in terms of styles and sizes, which have advanced features such as microprocessor, high-temperature and vacuum controls.

Segmentation of the Laboratory Ovens Market

In this report, FMI has segmented the global laboratory ovens market by oven type, by capacity, by end-user and by region. By oven type, the laboratory ovens market is sub-segmented into gravity convection, mechanical convection, vacuum ovens, cleanroom ovens and others. The vacuum ovens sub-segment is surging the growth of the global laboratory ovens market owing to a quantitative increase in the demand for laboratory systems. In addition, the global adoption of advanced laboratory systems by various research institutions is impelling the growth of the laboratory ovens market worldwide. However, the growth of the mechanical convection sub-segment can be attributed to growth in the number of clinical laboratories across the globe. It has been observed that the demand for advanced laboratory ovens is increasing rapidly. Owing to these factors, the cleanroom ovens sub-segment is projected to register single-digit market growth and hold the more than 15% market share at the end of 2027 for the global laboratory ovens market across the globe.

Based on capacity, the laboratory ovens market is sub-segmented into small capacity (Under 2 cu. Ft.), standard capacity (2 cu. Ft-6 cu. Ft.) and large capacity (Above 6 cu. Ft.). The emergence of modern healthcare systems is a major factor that promotes the growth of the standard capacity (2 cu. Ft-6 cu. Ft.) sub-segment. Standard capacity (2 cu. Ft-6 cu. Ft.) laboratory ovens are becoming more popular among several laboratories because of their standard storage and heating capacity. Due to these factors, the standard capacity (2 cu. Ft-6 cu. Ft.) sub-segment is projected to create an incremental opportunity of 109.6 Mn between 2018 and 2027. In parallel, the large capacity (Above 6 cu. Ft.) sub-segment is anticipated to create potential revenue opportunities for the vendors of laboratory ovens in the near future due to the increasing number of laboratories and a quantitative increase in the number of medical laboratories across the globe.

By end-user, the global laboratory ovens market is segmented into biosafety laboratories, clinical & medical laboratories, incubator laboratories, production laboratories, research & development (R&D) laboratories and others. The increasing demand for energy-efficient ovens for delicate drying processes, such as drying tiny parts or removing flammable solvents, is encouraging various laboratories, such as research laboratories, clinical laboratories and others, to adopt laboratory ovens. Owing to these factors, the clinical and medical laboratories sub-segment of the global laboratory ovens market is projected to register a market share of more than 20.0% at the end of 2018. In addition, the healthcare industry is witnessing advanced innovations and technological developments. Due to these factors, the clinical and medical laboratories sub-segment is supporting the growth of global laboratory ovens market.

Laboratory Ovens Market: Geographical Assessment

On the basis of geography, the North America laboratory ovens market is expected to dominate the global laboratory ovens market due to the presence of a large number of manufacturers of laboratory ovens in the region. The provision of enhanced healthcare capabilities by the U.S. government is expected to propel the laboratory ovens market in North America. Moreover, the region has witnessed the widespread deployment of advanced laboratory systems in the past couple of years. These factors are fuelling the growth of the laboratory ovens market in North America. The laboratory ovens market has high potential in India and China owing to major government policy-driven initiatives to stimulate biological science R&D against the backdrop of the growing need for the innovations. Furthermore, the APAC region is expected to exhibit the highest growth rate during the forecast period for the global laboratory ovens market owing to the increasing establishment of advanced laboratories in the region. The APEJ laboratory ovens market is expected to be target market for laboratory ovens market participants. The Latin America laboratory ovens market is estimated to grow at a moderate CAGR over the forecast period of laboratory ovens market.

According to FMI analysis, long-term contracts with business partners help increase revenue and new innovation strategies enable laboratory ovens vendors to reach new growth markets. Some of the market participants featured in the global laboratory ovens market report are InterFocus Ltd., Carbolite Gero Limited, JIM Engineering Ltd, SciQuip, Terra Universal. Inc., Thermo Fisher Scientific, Ted Pella, Inc., BINDER GmbH, BMT Medical Technology s.r.o., Agilent Technologies, Panasonic Biomedical, VWR (Avantor), Yamato Scientific America Inc. and Sheldon Manufacturing, Inc.

Report Synopsis

Future Market Insights (FMI) offers a 9-year forecast of the laboratory ovens market between 2018 and 2027. In terms of value, the market is expected to register a single-digit CAGR during the forecast period. This study demonstrates the global market dynamics and trends across six regions: North America, Latin America, Europe, Japan, APEJ and MEA, which influence the current nature and the future status of the laboratory ovens over the forecast period.

Report Description

This research report provides a detailed analysis of the laboratory ovens market and offers insights on the various factors driving the popularity of laboratory ovens. The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on technology, application and different regions globally.

The laboratory ovens market is expected to witness significant value growth during the forecast period owing to an increase in the demand for laboratory equipment and the launch of energy-efficient laboratory ovens.

The report starts with an overview of the laboratory ovens market in terms of value. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the market.

A detailed analysis has been provided for every segment in terms of the market size analysis for laboratory ovens across different regions. This section also provides a detailed analysis of the key trends.

The next section of the laboratory ovens market report contains a detailed analysis of the laboratory ovens market across various countries in the region. It provides a market outlook for 2018–2027, and sets the forecast within the context of the laboratory ovens market, which includes the latest technological developments as well as offerings in the market. This study discusses the key trends within countries contributing to growth of the market, as well as analyses the degrees at which the drivers are influencing this market in each region. Key regions and countries assessed in this report include North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ) and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario and the growth prospects of the market across various regions globally for the period 2018 –2027. We have considered 2017 as the base year, and provided data for the remaining 12 months.

To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the market will grow in the future. Given the characteristics of the laboratory ovens market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global laboratory ovens market is split into a number of segments. All the segments in terms of oven type, capacity, end-user and different regions are analysed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed information is important for the identification of various key trends in the global laboratory ovens market.

In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global laboratory ovens market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the laboratory ovens and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the laboratory ovens supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the marketplace. The detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the laboratory ovens market. Some of the key competitors covered in the report are Omron Corporation, Honeywell International, Schneider Electric, Rockwell Automation, Panasonic Corporation, Baumer Group, BEI Sensors, Dynapar Corp., FAULHABER Drive Systems, Pepperl+Fuchs, Hengstler GmbH and Maxon Motor.

Key Segments

  • By Oven Type

    • Gravity Convection

    • Mechanical Convection

    • Vacuum Ovens

    • Cleanroom Ovens

    • Others

  • By Capacity

    • Small Capacity (Under 2 cu. Ft.)

    • Standard Capacity (2 cu. Ft-6 cu. Ft.)

    • Large Capacity (Above 6 cu. Ft.)

  • By End-User

    • Biosafety Laboratories

    • Clinical and Medical Laboratories

    • Incubator Laboratories

    • Production Laboratories

    • Research & Development (R&D) Laboratories

    • Others

Key Regions

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • U.K.

    • France

    • Spain

    • Russia

    • Rest of Europe

  • APEJ

    • China

    • India

    • Malaysia

    • Singapore

    • Australia

    • Rest of APEJ

  • Japan

  • MEA

    • GCC Countries

    • Israel

    • South Africa

    • Rest of MEA

Key Companies

InterFocus Ltd., Carbolite Gero Limited, JIM Engineering Ltd, SciQuip, Terra Universal. Inc., Thermo Fisher Scientific, Ted Pella, Inc., BINDER GmbH, BMT Medical Technology s.r.o., Agilent Technologies, Panasonic Biomedical, VWR (Avantor), Yamato Scientific America Inc., Sheldon Manufacturing, Inc., BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD.

Laboratory Ovens Market Reports - Table of Contents

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