Global Laboratory Jacks Market : Industrial Analysis and Forecast (2020-2026),

[Global Laboratory Jacks Market ]-was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR” of xx% during the forecast period.
Global Laboratory Jacks Market Introduction

A laboratory jack is a tool that is used to lift lab equipment by applying less force, it lifts flasks, beakers, jars, stirrer, and other lab apparatus. This jack helps in the lifting of equipment as per the requirement and occupies less space also are effective for use with heavy loads, this, in turn, is increasing the demand for laboratory jacks boosting the market growth. Moreover, the need for safe handling of the chemicals and equipment in the laboratory is another factor that affects the market positively.
Global Laboratory Jacks Market Dynamics

Growth of the chemical industry and automation in the chemical industry plays an important role in augmenting the global laboratory jacks market. Rapid growth in the pharmaceutical sector is propelling the laboratory jacks market growth. Furthermore, the easy availability of the jacks and the low cost of the laboratory jacks are influencing the market growth. Laboratory jacks are also lifting stages for flasks, beakers, jars, distillation, stirrer, water baths, and myriad lab tools and are used to lift equipment height according to requirement. An increase in industrialization and a rise in disposable income are boosting the market demand.
Some companies do not collaborate with service providers or they do not take advantage of digitization as they do not have awareness for the same is expected to be a restraining factor for the market.
Global Laboratory Jacks Market Segment Analysis

Pharmaceutical companies are making significant investments in research to meet the growing needs of the healthcare sector. Pharmaceutical companies such as Sun Pharmaceuticals, Cipla, and Lupin Ltd. Invested xx% of their sales in R&D in 2019. Moreover, collaborations between pharma companies and healthcare stakeholders for R&D into therapeutics will also stimulate the use of laboratory jacks. Hence exceeding the production levels is expected to drive the demand for laboratory jacks.

Global Laboratory Jacks Market

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Global Laboratory Jacks Market Regional Insights

Global Laboratory Jacks Market1

North America dominated the global laboratory jacks market in 2019, accounting for a significant share of xx%. The U.S. is a key market in North America due to the presence of a large number of laboratories which generates demand for laboratory jacks in the country. Supportive regulatory infrastructure for the development of new diagnostic products is likely to increase the need for more laboratories, which indirectly influences the demand for laboratory jacks in this region.

Europe is anticipated to hold the second largest share of the global laboratory jacks’ market in 2019.
Market in the Asia Pacific is projected to expand at a rapid pace during the forecast period, owing to growing awareness, increased government initiatives, and positive regulatory policies for clinical laboratories in India and China.
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Global Laboratory Jacks Market3
Global Laboratory Jacks Market, by Region

• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Laboratory Jacks Market Key Players

• Boekel Industries, Inc.
• BrandTech Scientific, Inc.
• Carl Roth GmbH + Co. KG
• Chemglass Life Sciences LLC
• Eisco Industrial
• Isolab Laborgeräte GmbH
• LabJacks, Inc.
• OHAUS Corporation
• Thermo Fisher Scientific
• Thorlabs, Inc.
• United Scientific Supplies, Inc.

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