Good Outlook Seen for Laboratory Equipment Market |
08 Mar 2007 |
| Bigger is not necessarily better in the UK’s laboratory equipment market, with smaller firms often outperforming their larger rivals. According to a recent report, the UK's laboratory equipment market is in good shape, and the outlook is looking good. The low profitability of some under-capitalised companies could lead to interest from potential acquirers. The report published by Plimsoll Publishing entitled ‘The UK scientific and laboratory equipment market' states that the combined growth of the sector had been 62.3 per cent over the last 10 years, way above inflation rates; estimated to be less than 25 per cent over the same time. The total market size is estimated at £5.37bn (€8.1bn) and has seen 3.6 per cent growth since last year. The report states that the differences between the sales growth of individual companies is dramatic with over two thirds recording an increase. Larger companies, those with revenues of over £13m, have seen over 7 per cent growth in the last year, while on average smaller companies, (revenues of less than £0.8m) have seen a 0.1 per cent decline. |
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