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LONDON, GREATER LONDON, UNITED KINGDOM, June 11, 2025 /EINPresswire.com/ -- How The Precision Balance Scales Market Has Been Performing?
The precision balance scales market has been witnessing substantial growth in recent years. From a size of $0.72 billion in 2024, it is expected to expand to $0.78 billion in 2025 at a compound annual growth rate CAGR of 8.0%. Several factors could be attributed to this growth in the historic period including the growth of the pharmaceutical industry, rise in academic laboratories, escalating quality control standards, increased industrial automation, and a higher demand for forensic analysis.
What The Future Holds For The Precision Balance Scales Market?
It's expected that the market will continue to flourish. By 2029, it is projected to reach a size of approximately $1.05 billion, growing at a compound annual growth rate CAGR of 7.7%. This forecasted growth is likely to be driven by a myriad of factors including increased growth in the biotechnology sector, escalating demand for laboratory automation, a rise in personalized medicine, increased research and development investments, and a strong focus on sustainability and waste reduction.
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Interested In The Major Trends Shaping The Precision Balance Scales Market?
The market is also projected to witness several significant trends such as integration with internet of things platforms, cloud-based data logging, artificial intelligence-powered calibration systems, touchscreen user interfaces, wireless connectivity bluetooth or wifi, automated weighing systems and enhanced anti-vibration technology.
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The Key Growth Drivers Of The Precision Balance Scales Market?
The growing biotechnology sector is expected to be a significant promoter of market growth. As biotechnology companies expand their focus on genetic research, drug development, and laboratory testing, the demand for precision balance scales increases. Precision balance scales are vital for ensuring accurate measurements and reliable data, prerequisites for successful outcomes in the field of biotechnology. A clear example of this growth is visible in the UK where the biotech sector witnessed a remarkable investment growth of $4.37 billion £3.5 billion in 2024, a 94% increase from 2023 according to the Bioindustry Association.
Who Are The Significant Players In The Precision Balance Scales Market?
Prominent companies operating in the market include Mettler Toledo, Shimadzu Corporation, Sartorius AG, Rice Lake Weighing Systems, Ohaus Corporation, Scientech Inc., Aczet Pvt. Ltd., among others.
What Innovations Are Disrupting The Precision Balance Scales Industry?
Advanced laboratory balances are being developed by key industry players to enhance measurement accuracy and streamline laboratory workflows. Germany-based pharmaceutical and laboratory equipment provider, Sartorius, launched 'Quintix Pro' in April 2024, featuring motorized internal leveling for precise measurements, a touchscreen display for convenient operation, and energy-saving modes for reduced environmental impact.
How Is The Precision Balance Scales Market Segmented?
The market entails various segments based on technology, capacity, application, and distribution channels. This includes digital precision balance scales, mechanical precision balance scales, analytical balance scales and more; capacities up to 1 kilogram and exceeding 20 kilograms; applications in laboratories, industrial settings, research and development, educational institutions, among others; channels include online sales, offline retail stores, direct sales and more.
What Are Some Regional Insights Into The Precision Balance Scales Market?
North America represented the largest region in the market in 2024 and Asia-Pacific is expected to be the fastest-growing region in the forecast period. Regions covered in the precision balance scales market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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