Used lab equipment can be beneficial for labs that need to stick to tighter budgets, but is now a good time for purchase? Below, we’ll explain why the market makes 2023 a great time to buy refurbished lab equipment and the benefits used instruments provide for labs.
The Growing Laboratory Equipment Market
In 2023 and beyond, the market for laboratory equipment in the US is predicted to grow steadily. Market predictors and industry experts expect the lab equipment market to grow seven percent annually starting in 2023. Many factors support this expected steady growth, including an increase in public and commercial research organizations, technological developments in the field, and increased biological and chemical research development.
As equipment manufacturing giants like Agilent, Shimadzu, and Thermo Fisher Scientific grow, it has a cascading effect on the rest of the market, especially refurbished lab equipment. As OEMs come out with newer and better instruments, labs are eager to purchase new equipment and then sell their old equipment to used scientific equipment suppliers like GenTech Scientific. With steady growth and a strong supply of new equipment, 2023 is a great time to buy refurbished lab equipment.
Why Consider Refurbished Lab Equipment in 2023
It’s been established that there’s a steady supply of affordable refurbished lab equipment in 2023 and the coming years, but what are the benefits of this used equipment for labs?
High-Quality But Affordable Equipment
While the equipment may be handed down and not brand-new, refurbished lab equipment is by no means of cheap quality. Refurbished equipment means that the instruments are pre-owned but have been serviced and repaired until they’re similar to the quality when it was first new.
Even though refurbished equipment works just as well as new instruments, it’s much more affordable than brand-new OEM equipment. For labs that operate on small and tight budgets for equipment, refurbished lab instruments are the ideal and affordable alternative to brand-new OEM equipment that doesn’t sacrifice quality.
Faster Delivery Means Better Productivity
Another benefit that labs enjoy when they choose the refurbished lab equipment route is quicker turnaround and delivery time. OEMs prefer to keep their inventories low to save money, so when a new instrument is ordered, it could take weeks or months to arrive at the lab.
For many labs, this delivery time paralyzes their productivity and leaves them twiddling their thumbs, waiting for a package to arrive. However, refurbished equipment suppliers like GenTech scientific have a healthy and steady supply of instruments in their inventory. When an order comes in for a unit, it’s promptly shipped away and can arrive at the lab ready to go in just a few short days.
As you can see, now is a great time to find affordable but quality refurbished lab equipment for labs. If you’re interested in used lab equipment, shop GenTech Scientific’s online inventory or contact our helpful staff with any questions.