Laboratory Equipment Market
The laboratory equipment market can be divided into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the market in 2020, accounting for more than 35% of the market share. This is due to the presence of pharmaceutical and biopharmaceutical companies engaged in R&D. Furthermore, government organisations are expected to stimulate market growth by increasing grants provided by entities such as the National Institutes of Health (NIH). Higher research investments are expected to drive market growth in the region during the forecast period.
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