Product Code: ETC029449 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines laboratory furniture market is expected to register significant growth over the forecast period (2025-2031). This growth can be attributed to a number of factors such as increasing investments in research and development activities, growing demand for healthcare facilities and medical laboratories, rising awareness regarding hygiene & cleanliness, and introduction of stringent safety regulations. Moreover, technological advancements coupled with increased focus on innovation are also driving the market growth over the forecast period
The Philippines laboratory furniture market is witnessing several trends which include customized furniture solutions based on individual needs; development of modular design systems; use of advanced materials such as stainless steel; emergence of automated storage systems; launch of ergonomic designs that provide comfort to users; adoption of smart lab management software for efficient resource utilization
The major drivers contributing towards the growth of this market include government initiatives aimed at improving infrastructure and modernizing equipment in hospitals & clinics, increase in public & private funding for R&D activities across different sectors including pharmaceuticals, life sciences etc., increasing investment by key players into product portfolio expansion leading to enhanced product offerings catering to consumer needs , rise in disposable income among population segments resulting in improved purchasing power and preference for technologically advanced products. Additionally rapid urbanization has resulted into large scale immigration from rural areas leading to increase patient load thereby creating high demand for medical facilities equipped with latest diagnostic tools and technologies fueling further demand for lab furnishing products
Some challenges faced by industry stakeholders include limited availability skilled workforce which generally possess technical knowledge related identification & installation process involved when it comes selecting suitable materials/designs according customer requirements along with maintenance issues associated with them due their frequent usage , lack standardization processes causing confusion among buyers making difficult while selection suitable items ; presence counterfeit goods being sold by third parties who offer lower prices but fail deliver promised quality.
Leading companies operating within the Philippine???s laboratory furnishing space includes Carlsson Group Inc., Inzide Health Pvt Ltd., My Lab Furniture Sdn Bhd., Axygen Scientific Pte Ltd,, Promega Corporation , Fisher Scientific Co LLC , Thermo Fisher Scientific Inc,. Mott Manufacturing Company Limited Glentham Life Sciences Ltd amongst others.
COVID 19 pandemic had an impact on almost all industries across world similarly impacting Laboratory Furniture Market wherein many countries imposed lockdowns or restricted movement people between cities / provinces affected production capabilities manufacturers resulting short term supply disruptions
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Laboratory Furniture Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Laboratory Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Laboratory Furniture Market - Industry Life Cycle |
3.4 Philippines Laboratory Furniture Market - Porter's Five Forces |
3.5 Philippines Laboratory Furniture Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Laboratory Furniture Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Philippines Laboratory Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Laboratory Furniture Market Trends |
6 Philippines Laboratory Furniture Market, By Types |
6.1 Philippines Laboratory Furniture Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Laboratory Furniture Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Philippines Laboratory Furniture Market Revenues & Volume, By Lab Bench, 2021-2031F |
6.1.4 Philippines Laboratory Furniture Market Revenues & Volume, By Lab Cabinet, 2021-2031F |
6.1.5 Philippines Laboratory Furniture Market Revenues & Volume, By Fume Hood, 2021-2031F |
6.1.6 Philippines Laboratory Furniture Market Revenues & Volume, By Stool, 2021-2031F |
6.1.7 Philippines Laboratory Furniture Market Revenues & Volume, By Accessories, 2021-2031F |
6.2 Philippines Laboratory Furniture Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Laboratory Furniture Market Revenues & Volume, By Education, 2021-2031F |
6.2.3 Philippines Laboratory Furniture Market Revenues & Volume, By Government, 2021-2031F |
6.2.4 Philippines Laboratory Furniture Market Revenues & Volume, By Industry, 2021-2031F |
6.2.5 Philippines Laboratory Furniture Market Revenues & Volume, By Research, 2021-2031F |
6.2.6 Philippines Laboratory Furniture Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
7 Philippines Laboratory Furniture Market Import-Export Trade Statistics |
7.1 Philippines Laboratory Furniture Market Export to Major Countries |
7.2 Philippines Laboratory Furniture Market Imports from Major Countries |
8 Philippines Laboratory Furniture Market Key Performance Indicators |
9 Philippines Laboratory Furniture Market - Opportunity Assessment |
9.1 Philippines Laboratory Furniture Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Laboratory Furniture Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Philippines Laboratory Furniture Market - Competitive Landscape |
10.1 Philippines Laboratory Furniture Market Revenue Share, By Companies, 2024 |
10.2 Philippines Laboratory Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |