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End-user verticals have traditionally used the outright purchase model to purchase analytical instruments. As analytical instruments find long-term use in research applications, the purchase option can be justified. This option also holds good for companies with large a CAPEX. But how will small and midsize companies or companies with either a low CAPEX or delayed fund allotment for an urgent project procure analytical instruments? This is where used, rental, and leased analytical instruments lend a hand. The used, rental and leasing market’s offering of analytical instruments improves customers’ productivity and offers the advantages of third-party analytical services. The used, rental and leasing analytical instruments market generated $1,649.3 million in 2017, with the base year growth rate of 6.8%. The market is set to grow further, as various verticals are grappling with funding issues, in addition to regulatory factors pertaining to environmental and food safety. However, new business models (e.g., virtual R&D) could have a negative impact on market growth.
The study focuses on identifying the market size for each of the three segments—used, rental and leased—and further evaluates the product and vertical market trends by slicing and dicing market revenue. The product coverage includes all models under the broad category of chromatography, spectroscopy, analytical microscopes, analytical x-ray, and gas and liquid analyzers. Regional coverage includes NA, EU, APAC, and Row. The key segments of the study are:
Analyses of size, forecast, key trends, product, and end-user vertical are provided for each of the segments. Furthermore, regional analysis with forecast is provided for each region. The base year for the study is 2017, with forecast until 2022. The study highlights and analyzes each of the market drivers and restraints, in addition to providing competitive assessment. The study identifies three key growth opportunities and the recommended actions for the market participants to capitalize on.
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