Portland, oR, March 24, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global laboratory equipment and disposables market was valued at $30,012.81 million in 2021, and is projected to reach $53,273.02 million by 2031, registering a CAGR of 5.9% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $30,012.81 Million |
| Market Size in 2031 | $53,273.02 Million |
| CAGR | 5.9% |
| No. of Pages in Report | 235 |
| Segments Covered | Product Type, and Region. |
| Drivers | Rise in private and public healthcare investments |
| Favorable insurance policies related to laboratory equipment | |
| Technological advancements in laboratory equipment | |
| Surge in research related to life science and biotechnology | |
| Restraints | Dearth of clinical laboratories in some nations |
| High costs of technologically advanced laboratory equipment | |
| Opportunities | Growth in adoption of clinical diagnostics testing worldwide |
| High market potential in emerging economies |
Impact of COVID-19 on Laboratory Equipment, Disposables Industry
- The increase in prevalence of viral infections around the globe in recent years, positively impacted the laboratory equipment and disposables market. The pandemic has increased the demand for laboratory equipment and disposables, as they play a critical role in diagnosing, treating, and controlling the spread of the virus.
- In addition, the COVID-19 pandemic has highlighted the importance of having robust laboratory infrastructure and capacity to respond to infectious disease outbreaks, which is likely to drive investment in laboratory equipment and disposables.
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The global laboratory equipment and disposables market is analyzed across type, source, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By product type, the disposables segment held the highest share in 2021, garnering nearly two-thirds of the global laboratory equipment and disposables market revenue. The equipment segment would showcase the fastest CAGR during the forecast period.
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By region, North America held the major share in 2021, garnering nearly more than one-third of the global laboratory equipment and disposables market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 7.2% from 2022 to 2031. The other provinces studied through the report include Europe and LAMEA.
The key market players analyzed in the global laboratory equipment and disposables market report include Agilent Technologies Inc., Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, FUJIFILM Holdings Corporation, PerkinElmer Inc., Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific Inc., and Waters Corporation. These market players have embraced several strategies including Acquisition, agreement, collaboration, partnership, product launch, product upgrade, expansion and geographical expansion to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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