Growth in Pharmaceutical and Biotechnology Industries Driving the Demand in the Lab Consumables Market

Growth in Pharmaceutical and Biotechnology Industries Driving the Demand in the Lab Consumables Market

Lab ConsumablesLondon, 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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