The 12th International Laboratory Equipment, Instrument, Test & Measurement and Quality Control Exhibition
THE KEY BEHIND QUALITY PRODUCTS
The global market value for laboratory technology and equipment was USD 6.5 billion in 2016 and is expected to reach USD 11.51 billion in 2021 with a CAGR of 10.0%. The market is being driven mainly by research for the pharmaceutical and biotechnology sectors, as well as by increasing demands for disease diagnoses which require accurate and timely results. The lab tech and equipment market are expected to continue growing as they are playing a more vital role in the pharmaceutical, chemical and food & beverage sectors.
ProPak Asia is the all encompassing platform hosting a range of suppliers of 2,150 providing the ultimate meeting point for those looking for the latest in laboratory technology and equipment etc.
Manufacturers need to stay up-to-date with technology in order to seize market opportunity as developments in laboratory and testing equipment grow. Nowadays, this equipment plays a critical role in many processes, such as R&D, production and quality control and is the reason modern equipment must be able to enhance competitiveness and allow businesses to produce higher-quality products.