Laboratory Oven Market By Type (Gravity Ovens, Forced-Air Ovens, Vacuum Ovens, Digital Air Forced Ovens, Other), By End-User (Healthcare, Medical Research, Food Testing, Agriculture, Other) - Growth, Future Prospects, And Competitive Analysis, 2019 - 2027

"Increasing Adoption of Laboratory Ovens Globally to Ensure Rapid Growth for Laboratory Oven Market"

Globally, the laboratory oven market is expected to grow with a CAGR of 4.6% during the forecast period from 2019 to 2027. The laboratory ovens are majorly used across laboratories for different applications including evaporating, dehydrating, annealing, conditioning, baking, sample drying and other processes. They are majorly manufactured from stainless steel with a spray-painted surface that protects them from the rust. These laboratory ovens are equipped with a temperature controller, digital display system, air blower, low noise level and temperature distribution system. Ongoing evaluations in the healthcare and medical research sectors are the key factor that drives the growth of laboratory oven market.

The rapidly growing demand for the blood banks are promoting the growth of laboratory ovens market.  Furthermore, the growing adoption of laboratory ovens in the food testing is expected to augment the growth of laboratory oven market. The availability of different types of the oven with respective applications are favoring the growth of laboratory ovens market. Moreover, the ongoing development in the laboratory equipment to provide minimum errors are projected to create several growth opportunities in the laboratory over the market in the near future.

Market Synopsis

Laboratory Oven Market

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"Growing demand of Laboratory oven medical research promoting the Market growth"

The global laboratory oven market is segmented into of types and the end users. Based on types, the market is further bifurcated into gravity ovens, forced-air ovens, vacuum ovens, digital air forced ovens, others. The gravity ovens hold considerable shares in the laboratory ovens market. At present, High-quality at an economical price offered by the gravity ovens are driving the growth gravity ovens in the type segments. Growing investments in the medical research is promoting the growth of laboratory oven market. Based on end users, the market is segmented into healthcare, medical research, food testing, agriculture and others. Growing adoption of laboratory ovens in the food testing market.

Laboratory Oven Market

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"North America Dominates the Market by Region"

North America held a maximum market share of approximately more than 30% of the total market share. It is estimated to dominate the laboratory oven market through the forecast period. The prevalence of major players and high adoption of laboratory ovens in the medical research are driving the growth of North America laboratory ovens market. Furthermore, Asia Pacific is expected to grow with the highest CAGR in the laboratory ovens market. The rapidly growing adoption of laboratory ovens in the agriculture testing applications and the growing healthcare expenditures are majorly promoting the growth of Asia Pacific water sinks market.

Laboratory Oven Market

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Some of the prominent players operating in the laboratory oven market include JIM Engineering Ltd, Carbolite Gero Limited, InterFocus Ltd., Agilent Technologies, PHC Corporation, Ted Pella, Inc., Thermo Fisher Scientific Inc., Terra Universal. Inc., SciQuip Ltd, Yamato Scientific America Inc., BMT Medical Technology s.r.o., VWR Lab Products Pvt. LTD. (Avantor) and others.

Laboratory Oven Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The laboratory oven market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global laboratory oven market based on technology, application, end-user, and geography. Key segments covered in the report are as follows:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion

 Types Segment (2017–2027; US$ Bn)
 • Gravity Ovens
 • Forced-Air Ovens
 • Vacuum Ovens
 • Digital Air Forced Ovens
 • Others

 Capacity Segment (2017–2027; US$ Bn)
 • Small (Under 2 cu. Ft.)
 • Standard (2 cu. Ft-6 cu. Ft.)
 • Large (Above 6 cu. Ft.)

 End-User Segment (2017–2027; US$ Bn)
 • Healthcare
 • Medical Research
 • Food Testing
 • Agriculture
 • Others

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of laboratory oven in 2018 and forecast up to 2027?
  • Which is the largest regional market for various end use applications?
  • What are the major trends followed in laboratory oven market across different regions?
  • Who are the key laboratory oven companies leading the market?
  • What are the key strategies adopted by the leading laboratory oven companies in market?

Unique data points of this report

  • Statistics on laboratory oven penetration and spending worldwide
  • Recent trends across different regions in terms of adoption of laboratory oven for various vehicles
  • Notable developments going on in magnetic sensor market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Aug 2019
Category:  Automation & Process Control
Report ID:   59820
Report Format:   PDF
Pages:   120
Rating:    4.4 (66)
Delivery Time: 24 Hours to 48 Hours   
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