L@B Brief - July 2023
28 July 2023
Hello again,
According to US market research company, ReportLinker, the global steam autoclave market is expected to grow from $2.77 billion in 2022 to $3.03 billion in 2023, over 9% and is expected to reach $4.35 billion in 2027 at compound annual growth rate of 9.4%. North America was the largest region in the steam autoclave market in 2022 but Asia-Pacific is predicted to be the fastest-growing region in the near future.
So things are looking positive for autoclave manufacturers, provided they can buy parts at a reasonable price. But with some of the major UK lab companies due to post results in the next few weeks, results so far this year have been rather a mixed bag at a time when anything less than a 10% growth indicates in reality a reduction in sales volumes.
So where to look for increased sales volumes? Big molecule work and academia are the areas cited for good growth by GAMBICA Lab Board members. Another ReportLinker report recently drew attention to the growing market for laboratory proficiency testing, in which a laboratory’s results for a certain purpose are compared to the reference value for that purpose.
North America was the largest region in the laboratory proficiency testing market in 2022 with main technology in laboratory proficiency testing including cell culture, PCR, immunoassays, chromatography and spectrophotometry.
The most popular standard for the competence of laboratories has just been updated, taking into account the latest changes in laboratory practice. ISO/IEC 17025:2017 specifies the general requirements for the competence, impartiality and consistent operation of laboratories.
Never have we been more acutely aware of the importance of reliability when it comes to laboratory testing. The standard helps lab customers identify general risks of contamination, or failings in processes and, importantly inadequate equipment.
Perhaps drawing attention to this standard could be useful for your sales staff?
Toodle pip!
Jacqueline
To download a pdf of the July L@b Brief, click here.
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