LATAM laboratory equipment and disposables market garnered $1.75 billion in 2019, and is estimated to reach $2.83 billion by 2027

The LATAM laboratory equipment and disposables market garnered $1.75 billion in 2019, and is estimated to reach $2.83 billion by 2027, witnessing a CAGR of 6.1% from 2020 to 2027.

Laboratory equipment are tools used by lab technicians or scientists working in a laboratory. They are used to perform various tasks such as analysis of biological samples of patients, preparation of cell culture mediums for research, and studying tissues for diagnosis of various diseases. Moreover, laboratories perform clinical testing, pathological testing, and microbiological testing by using these equipment and disposables. 

Covid-19 scenario:

• As researchers are working relentlessly to develop a vaccine and potential treatments for Covid-19, there has been a significant demand for different laboratory equipment.
• Health governing bodies such as WHO released laboratory testing guidelines for Covid-19 in suspected cases.
• As the countries raise their responses to determine, manage, and treat increasing cases of Covid-19, acquiring sufficient laboratory equipment and disposables has become a major part of strategy.

Leading players analyzed

Leading players analyzed in the LATAM laboratory equipment and disposables market include Agilent Technologies, Inc.,Bruker Corp, Bio-Rad Laboratories, Fujifilm Irvine Scientific, Danaher Corp, Sartorius AG, PerkinElmer Inc., Thermofisher Scientific Inc., Shimadzu Corporation, and Waters Corp.

Source: https://www.alliedmarketresearch.com/press-release/latam-laboratory-equipment-and-disposables-market.html