Dublin, Oct. 22, 2024 (GLOBE NEWSWIRE) -- The "Lab Consumables - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Lab Consumables is estimated at US$12.7 Million in 2023 and is projected to reach US$17.2 Million by 2030, growing at a CAGR of 4.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The manufacturing and supply of lab consumables have evolved significantly with advancements in technology and materials science. Innovations such as automation in production, the use of high-grade polymers, and improvements in design have enhanced the performance and usability of these items. For instance, modern pipette tips are now designed to reduce the risk of contamination and improve accuracy in liquid handling.
Similarly, advancements in sterile packaging and materials used for gloves and other protective gear have greatly enhanced safety standards in labs. Additionally, the integration of sustainability practices, like the development of biodegradable or recyclable consumables, is becoming increasingly important as laboratories seek to minimize their environmental footprint. This evolution reflects a broader trend towards improving lab efficiency and safety while addressing environmental concerns.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Healthcare & Pharmaceuticals End-Use segment, which is expected to reach US$9.4 Million by 2030 with a CAGR of a 4.8%. The Research Organizations & Institutes End-Use segment is also set to grow at 4.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.4 Million in 2023, and China, forecasted to grow at an impressive 7.6% CAGR to reach $3.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bellco Glass Inc, BRAND Scientific Equipment Private Limited, Camlab Ltd, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Lab Consumables Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 929 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $12.7 Million |
| Forecasted Market Value (USD) by 2030 | $17.2 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Lab Consumables: A Prelude
- Global Economic Update
- Global Economic Update
- Lab Consumables - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Trends in Life Science Research Sector Support Demand
- Growth in 3D Cell Culture Markets to Boost Demand
- Global 3D Cell Culture Market in US$ Million: 2020 - 2026
- Growing Focus on Next Generation Sequencing to Accelerate Consumption
- Rapid Growth in Biopharma Industry and Rising Investments in R&D to Boost Market Prospects
- Global Bio-Pharmaceuticals Market in US$ Billion: 2020 and 2026
- Increasing Application of Chromatography Spurs Demand for Chromatography Consumables
- Global Chromatography Market (2022): Percentage Share Breakdown of Value Sales by Chromatography Techniques
- Growing R&D Spending in Pharma Sector Presents Opportunities
- Pharmaceutical R&D Spending Worldwide (USD Billion) for 2015-2025
- Expanding Presence of Contact Research Organizations to Drive Demand for Various Lab Consumables
- Global Contract Research Outsourcing Market in US$ Billion: 2020-2026
- Pharmaceutical & Biopharmaceutical Trends to Support CRO Penetration
- Lab Consumables Enjoy Demand amid Growing Investments in Biotechnology R&D
- Growing Importance of Sustainability in Lab Consumables
- Tip Re-Use Gains Focus
- Innovations in Pipette Tip Technology Supports Demand
- Increase in Healthcare Spending to Propel Demand for Life Science Tools
- Current & Required Healthcare Spending as % of GDP across Select Countries
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
- Lab 4.0 to Reduce Consumption of Lab Consumables
- Custom Manufacturing Advantageous for Labs
FOCUS ON SELECT PLAYERS (Total 353 Featured)
- Bellco Glass Inc
- BRAND Scientific Equipment Private Limited
- Camlab Ltd
- Citotest Labware Manufacturing Co., Ltd.
- Crystalgen Inc
- DWK Life Sciences GmbH
- Edulab
- Eppendorf SE
- Pathtech
- Reagecon Diagnostics Ltd
- SKS Science Products
- Spectrum Chemical Mfg. Corp.
- Starlab Group
- Thermo Fisher Scientific
- VITLAB GmbH
For more information about this report visit https://www.researchandmarkets.com/r/ctexq6
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