Dublin, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The "Laboratory Supplies Market Size, Share & Trends Analysis Report By Product (Equipment, Disposables), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global laboratory supplies market size is expected to reach USD 68.77 billion by 2030, expanding at a CAGR of 7.5% from 2023 to 2030.
Rise in investment for R&D activities by countries, the amalgamation of lab equipment with state-of-the-art technology, and increase in demand for plastics in the healthcare industry due to its advantages over metal and glass, which includes cost-effectiveness, lightweight, versatility, and biocompatibility, are factors driving the market.
Laboratories have developed as multipurpose research facilities in which numerous types of testing mechanisms, research comparisons, and different developments are carried out. This has also led to a rise in the laboratory supply market demand. Moreover, the trend of lab supplies research has been gaining a strong grip over the past decade. This has resulted in the expansion of new laboratories in academic institutions, thereby driving the market growth.
Furthermore, clinical laboratories are also going through major technological developments. With intense research and development going on in the field of personalized medicine and the pathogenesis of diseases, advanced diagnostics procedures and tests are being executed widely.
The technological improvements in the laboratory continue to bring real benefits that increase from greater ease of use, speed of analysis, improved safety, higher precision, increased capacity, operational efficiencies, enhanced reliability, and numerous other intangibles.
Companies Mentioned
- Agilent Technologies, Inc.
- Bio-Rad Laboratories, Inc.
- Bruker
- Danaher
- FUJIFILM Holdings Corporation
- PerkinElmer Inc
- Sartorius AG
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- Waters Corporation
Laboratory Supplies Market Report Highlights
- The equipment segment dominated the market with a share of over 63.2% in 2022 due to the high costs associated with them
- The disposables segment is anticipated to witness a rapid growth rate of 8.2% during the forecast period as they help in avoiding contamination and reducing errors in the procedures
- Among disposables, the tube segment accounted for a maximum share of 19.2% in 2022. They are mostly used in laboratories to view, store, and transport samples
- North America was the leading regional segment in terms of revenue and market share in 2022. It accounted for over 37.7% of the market share due to the increasing research activities being carried out in the region
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 112 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $38.1 Billion |
| Forecasted Market Value (USD) by 2030 | $68.77 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Laboratory Supplies Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.1.1. Rising investments and government research funding to support research activities
3.3.1.2. Technological advancements in the field of laboratory equipment
3.3.1.3. Rise in the number of testing organizations, along with the growth of the biotechnology and pharmaceutical industries
3.3.2. Market Restraint Analysis
3.3.2.1. High cost of technologically advanced laboratory equipment
3.4. Laboratory Supplies Systems Market Analysis Tools
Chapter 4. Laboratory Supplies Systems: Product Estimates & Trend Analysis
4.1. Laboratory Supplies Systems Market: By Type Key Takeaways
4.2. Laboratory Supplies Systems Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Equipment
4.3.1. Equipment market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.2. Incubators
4.3.2.1. Incubators market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.3. Laminar flow hood
4.3.3.1. Laminar flow hood market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.4. Micro manipulation systems
4.3.4.1. Micro manipulation systems market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.5. Centrifuges
4.3.5.1. Centrifuges market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.6. Lab air filtration systems
4.3.6.1. Lab air filtration systems market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.7. Scopes
4.3.7.1. Scopes market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.8. Sonicators and homogenizers
4.3.8.1. Sonicators and homogenizers market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.9. Autoclaves and sterilizers
4.3.9.1. Autoclaves and sterilizers market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.10. Spectrophotometer and microarray equipment
4.3.10.1. Spectrophotometer and microarray equipment market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.11. Others
4.3.11.1. Other market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Disposable
4.4.1. Disposable market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.2. Pipettes
4.4.2.1. Pipettes market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.3. Tips
4.4.3.1. Tips market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.4. Tubes
4.4.4.1. Tubes market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.5. Cuvettes
4.4.5.1. Cuvettes market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.6. Dishes
4.4.6.1. Dishes market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.7. Gloves
4.4.7.1. Globes market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.8. Masks
4.4.8.1. Masks market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.9. Cell imaging consumables
4.4.9.1. Cell imaging consumables market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.10. Cell culture consumables
4.4.10.1. Cell culture consumables market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Laboratory Supplies Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company/Competition Categorization
For more information about this report visit https://www.researchandmarkets.com/r/z2io3n
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