The North America Laboratory Balances and Scales Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
Laboratory balances are used to measure the weight of an object, but they are also used to measure solids, fluids, tissues, and others. Balances and scales have a wide range of applications in any laboratory. The balances and scales have the capability to measure a huge variety of substances from a single compound.
The most common factor to be considered while the usage and the application of balances is device. There are various overlaps available in terms of precision and readability. Therefore, the need and surrounding for weighing determine the necessity for the type of balance.
The major factor that has to be monitored while using the balances is a personal consideration, such as who will handle the process and maintenance of the device and the type of training technicians have. It is also necessary to follow the operating guidelines, calibration frequency, and maintenance instructions.
Pharmaceutical sector of Canada is producing and discovering new medicines and generic pharmaceuticals in a large quantity. With the partnership of government, academic institutes, small & medium-sized enterprises, and research organizations, new medicines and drugs are being discovered in the nation. With the rising innovation and discoveries in the pharmaceutical industries of Canada, there will be a huge demand for laboratory balances and scales in pharmaceutical research organizations. Also, the government of Mexico has shown considerable interest in developing policies and endorsing the pharmaceutical industries. All these factors would surge the market demand for laboratory balances and scales across the North America region.
The US market dominated the North America Laboratory Balances and Scales Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $343 million by 2028. The Canada market is poised to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.3% during (2022 - 2028).
Based on Product Type, the market is segmented into Analytical Balances, Precision Balances, Moisture Balances, Compact Scale, Micro Balance, and Others. Based on End User, the market is segmented into Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories, Chemical & Material Testing laboratories, Food & Beverage Testing Laboratories, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mettler-Toledo International, Inc., A&D HOLON Holdings Company, Limited, Sartorius AG, Shimadzu Corporation, Adam Equipment Inc. (Indutrade AB), Essae-Teraoka Pvt. Ltd., Scientech, Inc., Radwag Balances and Scales, Kern & Sohn GmbH, and PCE Holding GmbH.
Laboratory balances are used to measure the weight of an object, but they are also used to measure solids, fluids, tissues, and others. Balances and scales have a wide range of applications in any laboratory. The balances and scales have the capability to measure a huge variety of substances from a single compound.
The most common factor to be considered while the usage and the application of balances is device. There are various overlaps available in terms of precision and readability. Therefore, the need and surrounding for weighing determine the necessity for the type of balance.
The major factor that has to be monitored while using the balances is a personal consideration, such as who will handle the process and maintenance of the device and the type of training technicians have. It is also necessary to follow the operating guidelines, calibration frequency, and maintenance instructions.
Pharmaceutical sector of Canada is producing and discovering new medicines and generic pharmaceuticals in a large quantity. With the partnership of government, academic institutes, small & medium-sized enterprises, and research organizations, new medicines and drugs are being discovered in the nation. With the rising innovation and discoveries in the pharmaceutical industries of Canada, there will be a huge demand for laboratory balances and scales in pharmaceutical research organizations. Also, the government of Mexico has shown considerable interest in developing policies and endorsing the pharmaceutical industries. All these factors would surge the market demand for laboratory balances and scales across the North America region.
The US market dominated the North America Laboratory Balances and Scales Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $343 million by 2028. The Canada market is poised to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.3% during (2022 - 2028).
Based on Product Type, the market is segmented into Analytical Balances, Precision Balances, Moisture Balances, Compact Scale, Micro Balance, and Others. Based on End User, the market is segmented into Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories, Chemical & Material Testing laboratories, Food & Beverage Testing Laboratories, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mettler-Toledo International, Inc., A&D HOLON Holdings Company, Limited, Sartorius AG, Shimadzu Corporation, Adam Equipment Inc. (Indutrade AB), Essae-Teraoka Pvt. Ltd., Scientech, Inc., Radwag Balances and Scales, Kern & Sohn GmbH, and PCE Holding GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Analytical Balances
- Precision Balances
- Moisture Balances
- Compact Scale
- Micro Balance
- Others
By End User
- Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories
- Chemical & Material Testing laboratories
- Food & Beverage Testing Laboratories
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Mettler-Toledo International, Inc
- A&D HOLON Holdings Company, Limited
- Sartorius AG
- Shimadzu Corporation
- Adam Equipment Inc. (Indutrade AB)
- Essae-Teraoka Pvt. Ltd
- Scientech, Inc
- Radwag Balances and Scales
- Kern & Sohn GmbH
- PCE Holding GmbH
Unique Offerings
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- The highest number of market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Laboratory Balances and Scales Market, by Product Type
1.4.2 North America Laboratory Balances and Scales Market, by End User
1.4.3 North America Laboratory Balances and Scales Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Laboratory Balances and Scales Market by Product Type
3.1 North America Analytical Balances Market by Country
3.2 North America Precision Balances Market by Country
3.3 North America Moisture Balances Market by Country
3.4 North America Compact Scale Market by Country
3.5 North America Micro Balance Market by Country
3.6 North America Others Market by Country
Chapter 4. North America Laboratory Balances and Scales Market by End User
4.1 North America Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country
4.2 North America Chemical & Material Testing laboratories Market by Country
4.3 North America Food & Beverage Testing Laboratories Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Laboratory Balances and Scales Market by Country
5.1 US Laboratory Balances and Scales Market
5.1.1 US Laboratory Balances and Scales Market by Product Type
5.1.2 US Laboratory Balances and Scales Market by End User
5.2 Canada Laboratory Balances and Scales Market
5.2.1 Canada Laboratory Balances and Scales Market by Product Type
5.2.2 Canada Laboratory Balances and Scales Market by End User
5.3 Mexico Laboratory Balances and Scales Market
5.3.1 Mexico Laboratory Balances and Scales Market by Product Type
5.3.2 Mexico Laboratory Balances and Scales Market by End User
5.4 Rest of North America Laboratory Balances and Scales Market
5.4.1 Rest of North America Laboratory Balances and Scales Market by Product Type
5.4.2 Rest of North America Laboratory Balances and Scales Market by End User
Chapter 6. Company Profiles
6.1 Mettler-Toledo International, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.5.2 Acquisition and Mergers:
6.2 A&D HOLON Holdings Company, Limited
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.3 Sartorius AG
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.4 Shimadzu Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 Adam Equipment Inc. (Indutrade AB)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Development Expenses
6.6 Essae-Teraoka Pvt. Ltd.
6.6.1 Company Overview
6.7 Scientech, Inc.
6.7.1 Company Overview
6.8 Radwag Balances and Scales
6.8.1 Company Overview
6.9 Kern & Sohn GmbH
6.9.1 Company Overview
6.10. PCE Holding GmbH
6.10.1 Company Overview
Companies Mentioned
- Mettler-Toledo International, Inc.
- A&D HOLON Holdings Company, Limited
- Sartorius AG
- Shimadzu Corporation
- Adam Equipment Inc. (Indutrade AB)
- Essae-Teraoka Pvt. Ltd.
- Scientech, Inc.
- Radwag Balances and Scales
- Kern & Sohn GmbH
- PCE Holding GmbH
Methodology
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