Growth in Pharmaceutical and Biotechnology Industries Driving the Demand in the Lab Consumables Market
London, Feb 07, 2018: Recently, the pharmaceutical and biotechnology industries in India and China have noticed a dramatic growth due to increased healthcare investments by offshore organizations in these regions. Due to the boosted growth, buyers from these industries have a greater demand for lab consumables to meet their operational requirements.
SpendEdge’s latest procurement research report on the global lab consumables market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the pharma and healthcare, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“Increased R&D in pharmaceuticals and biotechnology for molecular research and drug discovery applications have led to the growth in demand for lab consumables globally.” – Bhuvaneshwari Udayakumar, pharma and healthcare procurement research specialist at SpendEdge.
The end-user segment of lab consumables is highly dependent on the timely arrival of products for the smooth functioning of its daily operations. Any delay in turn-around-time can lead to increased cost and low profitability. As a result, suppliers and buyers in this market are facing major procurement challenge in ensuring timely delivery and avoiding additional shipping costs.
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This procurement report on the lab consumables market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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