The biggest barrier to the market is the shift away from laboratory-based diagnosis and toward point-of-care diagnosis. Emerging and underdeveloped nations lack adequate laboratory infrastructure. The enormous costs of service agreements and the growing trend toward home-based testing are expected to restrain overall growth over the course of the projected period. The various suppliers' use of successful business strategies to compete in the laboratory equipment market outlook defines the vendor environment. The Laboratory Equipment Market is highly fragmented, so suppliers must employ both natural and artificial growth strategies to stay competitive.
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