LABORATORY FUME HOOD MARKET ANALYSIS
Global Laboratory Fume Hood Market – Dynamics
Rising investments in research-based pharmaceutical industries is expected to propel the laboratory fume hood market growth over the forecast period. For instance, in 2018, the European Federation of Pharmaceutical Industries and Associations reported that around US$ 37 million was invested in research and development in pharmaceutical sector in Europe.
Furthermore, various government initiatives to expand the healthcare and pharmaceutical industries is expected to drive growth of the global laboratory fume hood market over the forecast period. For instance, in October 2018, the Government of India invested around US$ 712-855 million for the setup of six pharma parks in Uttar Pradesh, India.
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