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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 the Laboratory Oven Market

Globally, the laboratory oven market is expected to grow at a CAGR of 4.6% during the forecast period from 2019 to 2027. Laboratory ovens are widely used across laboratories for different applications, including evaporating, dehydrating, annealing, conditioning, baking, sample drying, and other processes. They are mostly manufactured from stainless steel with a spray-painted surface that protects them from 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 the laboratory oven market.

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

Growing demand for laboratory-based medical research is promoting the market growth

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

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 the high adoption of laboratory ovens in medical research are driving the growth of the North American 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 agriculture testing applications and the growing healthcare expenditures are majorly promoting the growth of the Asia Pacific water sinks market.

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.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is 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 the global laboratory oven market based on technology, application, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report

  • What was the market size of laboratory ovens in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for various end-use applications?
  • What are the major trends followed in the 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 on the market?

Unique data points of this report

  • Statistics on laboratory oven penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of laboratory ovens for various vehicles
  • Notable developments are going on in the magnetic sensor market.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Questions:

The market for Laboratory Oven Market is expected to reach US$ XX Bn by 2027.

The Laboratory Oven Market is expected to see significant CAGR growth over the coming years, at 4.6%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

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 are some of the major players in the global market.

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Trusted By
Godaddy
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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