Healthcare

Laboratory Supplies Market Size is Forecasted to Reach US$ 53.6 billion by 2030

The laboratory supplies market report provides information by key players/vendors, geography, product, competitor analysis, sales analysis, revenue, price, gross margin, market share, import-export, trends, and business overview.

The global laboratory supplies market size is forecasted to reach from US$ 31.56 billion in 2021 to US$ 53.6 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 6.1% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The laboratory supplies market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

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The rapidly growing pharmaceutical and biotechnology industry across the globe is fueling the growth of the global laboratory supplies market. The huge investments made by the pharmaceutical industries for the development of new drugs and diagnostic equipment is significantly driving the demand for the laboratory supplies. Moreover, the rising number of scientific companies and research organizations across the globe is estimated to foster the consumption of various laboratory equipment and consumables in the forthcoming years.

The recent outbreak of the COVID-19 disease has suddenly spiked the demand for the various laboratory consumables as most of the research organizations were involved in conducting researches and experiments regarding the virus and development of vaccines. The COVID-19 pandemic compelled the various government and the pharmaceutical companies to heavily infuse funds in the research activities. Moreover, various developmental strategies adopted by the key market players highly influence the market as there are few market players. Furthermore, the rising number of approvals of the medicines and diagnostic equipment is encouraging the pharmaceutical companies to invest more in the research activities.

Scope of the Laboratory Supplies Market

Report Coverage Details
Market Size in 2030 US$ 53.66 billion
Growth Rate From 2021 to 2030 CAGR of 6.1%
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered
  • Product
  • Region

Report Highlights

  • Based on the product, the equipment segment dominated the global laboratory supplies market, garnering a market share of around 64% in 2020. This is attributable to the increased number of research organizations and extensive demand for the laboratory products. The general lab products and equipment are costly assets that can be operated for many years and hence, the huge cost of the equipment results in the generation of higher revenues of this segment.

Competitive Landscape Analysis:

Some of the leading companies operating in the laboratory supplies market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Major companies operating in this report are

  • Bio-Rad Laboratories, Inc.
  • Bruker Corporation
  • Danaher Corporation
  • Fujifilm Holdings Corporation
  • Agilent Technologies Inc.
  • PerkinElmer Inc.
  • Shimadzu Corporation
  • Thermo Fisher Scientific, Inc.
  • Waters Corporation

Market Dynamics:

Driver

Rapidly growing pharmaceutical and biotechnology companies

The biopharmaceutical sector is a prominent investor of the research activities. The research & developmental activities funded by the biotechnology companies are targeted towards the development of the new drugs and diagnostic techniques. The rising prevalence of the various gene diseases and other chronic diseases are presenting lucrative growth opportunities to the biotechnology companies. This compels them to increasingly invest in the research activities.

Restraints

High investments involved in the research

A huge cost is involved in funding the research activities. Research also involves longer time periods for generating the desired outcomes related to the drug development. Therefore, the small and medium biopharmaceutical companies are unable to involve in such research activities, which may hamper the growth of the global laboratory supplies market.

Opportunities

Proliferation of the latest technologies in the lab equipment

The proliferation of latest technologies like artificial intelligence equipped with the various lab equipment helps the researchers to effectively conduct analysis and generate faster results. Moreover, the automation of the lab equipment helps in increasing the productivity of the research activities undertaken. Hence, the latest technologies are expected to provide growth avenues to the stakeholders in the forthcoming years.

Challenges

Lack of efficient professionals and adequate time

There is a lack of experienced and efficient research professionals. Therefore, the increasing investments and increasing number of research programs are building a huge pressure on the research organizations to produce faster results. This may hamper the quality of the research. This is a major challenge faced by the market players and this may restrict the market growth.

Regional Snapshot

North America dominated the global laboratory supplies market, garnering around 38% of the market share in 2020. This can be attributed to the rising number of grants by the government organizations to carry out research activities in the region has fueled the market growth. The presence of top biopharmaceutical industry players in the region is another major factors that contributes towards the growth of the laboratory supplies market. The biopharmaceutical industry in North America is a huge investor that heavily invests in the research organizations to develop various new diagnostic tools and drugs. Moreover, the presence of numerous companies that are involved in the development of new vaccines and therapeutics is boosting the demand for the laboratory supplies in the region.

On the other hand, Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is the home to several top research organizations and laboratory product manufacturers. The countries like China is a major supplier of various laboratory equipment and consumables in the Asia Pacific region. The increasing investments by the government in the research and development of various vaccines are expected to fuel the growth of the market.

Market Segmentation

By Product

  • Equipment
    • Incubators
    • Lab Air Filtration System
    • Laminar Flow Hood
    • Centrifuges
    • Micro Manipulation Systems
    • Autoclaves & Sterilizers
    • Scopes
    • Sonicators& Homogenizers
    • Others
  • Consumables
    • Tubes
    • Tips
    • Gloves
    • Pipettes
    • Dishes
    • Cell Imaging Consumables
    • Masks
    • Cell Culture Consumables

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global laboratory supplies market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for laboratory supplies are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Laboratory Supplies Market 

5.1. COVID-19 Landscape: Laboratory Supplies Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Laboratory Supplies Market, By Product

8.1. Laboratory Supplies Market, by Product Type, 2020-2027

8.1.1. Equipment (Incubators, Centrifuges, Scopes, Sonicators & Homogenizers, Lab Air Filtration System, Laminar Flow Hood)

8.1.1.1. Market Revenue and Forecast (2016-2027)

8.1.2. Consumables (Tubes, Tips, Gloves, Pipettes, Dishes, Cell Imaging Consumables, Masks, Cell Culture Consumables)

8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Laboratory Supplies Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2016-2027)

9.1.2. U.S.

9.1.3. Rest of North America

9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2016-2027)

9.2.2. UK

9.2.2.1. Market Revenue and Forecast, by Product (2016-2027)

9.2.3. France

9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.2.4. Rest of Europe

9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.2. India

9.3.2.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.3. China

9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.4. Japan

9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.5. Rest of APAC

9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.2. GCC

9.4.2.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.3. North Africa

9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.4. South Africa

9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.5. Rest of MEA

9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2016-2027)

9.5.2. Brazil

9.5.2.1. Market Revenue and Forecast, by Product (2016-2027)

9.5.3. Rest of LATAM

9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)

Chapter 10. Company Profiles

10.1. Bio-Rad Laboratories, Inc.

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Bruker Corporation

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Danaher Corporation

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Fujifilm Holdings Corporation

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Agilent Technologies Inc.

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. PerkinElmer Inc.

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Shimadzu Corporation

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Thermo Fisher Scientific, Inc.

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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