Laboratory Equipment Market Size, Share & Growth Report 2031
Laboratory Equipment Market Size, Share & Growth Report 2031
Segments - Laboratory Equipment Market by Products (Equipment [Incubators, Laminar Flow Hood, Micro Manipulation Systems, Centrifuges, Lab Air Filtration Systems, Scopes, Sonicators & Homogenizers, Autoclaves & Sterilizers, Spectrophotometers & Microarray Equipment, and Others], and Disposables [Pipettes, Tips, Tubes, Cuvettes, Dishes, Gloves, Masks, Cell Imaging Consumables, and Cell Culture Consumables]), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028
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| Report ID :HC-2909
| 4.6 Rating
| 64 Reviews
| 198 Pages
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Report Description
The laboratory equipment market is estimated to register a robust CAGR during the forecast period, between 2021 and 2028. A variety of laboratory accessories are commonly used in the different types of labs, such as biomedical industries, chemistry labs, astronomy labs, ecology labs, or physics labs.
The COVID-19 pandemic obstructed the growth of the global laboratory accessories market owing to the growing lockdown measures in some countries, along with the lack of manual labor in production plants. However, the acceleration in vaccination drive can stimulate the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Improvement in the field of biological and chemical research is estimated to drive the market growth.
- The growing volume of life science research investigations and clinical laboratory tests is increasing the demand for laboratory disposable products, fueling the growth of the market.
- High cost of laboratory equipment can restrain the market growth.
- Technological advancements in laboratory equipment can spur the growth of the market.
Scope of Laboratory Equipment Market Report
The report on laboratory equipment market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Laboratory Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast |
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Base Year |
2020 |
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Historic Data |
2018 & 2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Products (Equipment [Incubators, Laminar Flow Hood, Micro Manipulation Systems, Centrifuges, Lab Air Filtration Systems, Scopes, Sonicators & Homogenizers, Autoclaves & Sterilizers, Spectrophotometers & Microarray Equipment, and Others], and Disposables [Pipettes, Tips, Tubes, Cuvettes, Dishes, Gloves, Masks, Cell Imaging Consumables, and Cell Culture Consumables]) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered in the Report |
Agilent Technologies, Waters Corporation, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Danaher Corporation, Eppendorf, Pace Analytical Services, Inc., Becton, Dickinson, and Company, Bio-Rad Laboratories, Inc., and Siemens Healthineers. |
Laboratory Equipment Market Segment Insights
Equipment segment is projected to hold significant market share
In the terms of products, the laboratory equipment market can be bifurcated into equipment and disposables. The equipment can be further divided into incubators, laminar flow hood, micro manipulation systems, centrifuges, lab air filtration system, scopes, sonicators & homogenizers, autoclaves & sterilizers, spectrophotometers & microarray equipment, and others. The disposables segment can be further sub-segmented into pipettes, tips, tubes, cuvettes, dishes, gloves, masks, cell imaging consumables, and cell culture consumables.
The equipment segment is projected to hold over 60% of the total market share in 2020. This is due to its high cost, which requires one-time installation. Experimental work, quality assurance, and process controls are carried out using instrumentation. This instrumentation makes it easy for researchers to get an overview of various categories. Performing a range of tests and experiments requires superior quality laboratory equipment that is used by scientific facilities such as research facilities, laboratories, and companies.
Quality, strength, and durability of the equipment are paramount to the success of these activities. Accurate results can also be generated and work efficiency is improved effectively. On the other hand, the disposables segment is estimated to grow at a steady rate in the coming years.
North America is expected to dominate the market
Based on regions, the laboratory equipment market can be classified as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is expected to dominate the market with approximately accounting for above 35% of the market share in 2020. This is due to presence of pharmaceutical and biopharmaceutical firms that are engaged in research and development. Additionally, government organizations are expected to promote market growth by increasing grants offered by entities, namely National Institutes of Health (NIH). During the forecast period, higher investments for research are anticipated to propel the market growth in the region.
One of the leading sectors in the region when it comes to funding research is the biopharmaceutical industry. The vast majority of companies concentrate on generating new leads and storing an enormous number of samples, in order to create demand for their products. As a result of the coronavirus outbreak, several companies are developing therapeutics and vaccines, which boosts the market growth in region.
Segments
By Products
- Equipment
-
- Incubators
- Laminar Flow Hood
- Micro Manipulation Systems
- Centrifuges
- Lab Air Filtration System
- Scopes
- Sonicators and Homogenizers
- Autoclaves and Sterilizers
- Spectrophotometers and Microarray Equipment
- Others
- Disposables
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- Pipettes
- Tips
- Tubes
- Cuvettes
- Dishes
- Gloves
- Masks
- Cell Imaging Consumables
- Cell Culture Consumables
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Agilent Technologies
- Waters Corporation
- Thermo Fisher Scientific, Inc.
- PerkinElmer, Inc.
- Danaher Corporation
- Eppendorf
- Pace Analytical Services, Inc.
- Becton
- Dickinson and Company
- Bio-Rad Laboratories, Inc.
- Siemens Healthineers
Competitive Landscape
Key players in the laboratory equipment market are Agilent Technologies, Waters Corporation, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Danaher Corporation, Eppendorf, Pace Analytical Services, Inc., Becton, Dickinson, and Company, Bio-Rad Laboratories, Inc., and Siemens Healthineers. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Laboratory Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laboratory Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laboratory Equipment Market - Supply Chain
4.5. Global Laboratory Equipment Market Forecast
4.5.1. Laboratory Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laboratory Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Laboratory Equipment Market Absolute $ Opportunity
5. Global Laboratory Equipment Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Laboratory Equipment Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Laboratory Equipment Demand Share Forecast, 2019-2026
6. North America Laboratory Equipment Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Laboratory Equipment Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Laboratory Equipment Demand Share Forecast, 2019-2026
7. Latin America Laboratory Equipment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Laboratory Equipment Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Laboratory Equipment Demand Share Forecast, 2019-2026
8. Europe Laboratory Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Laboratory Equipment Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Laboratory Equipment Demand Share Forecast, 2019-2026
9. Asia Pacific Laboratory Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Laboratory Equipment Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Laboratory Equipment Demand Share Forecast, 2019-2026
10. Middle East & Africa Laboratory Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Laboratory Equipment Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Laboratory Equipment Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Laboratory Equipment Market: Market Share Analysis
11.2. Laboratory Equipment Distributors and Customers
11.3. Laboratory Equipment Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Agilent Technologies
11.4.2. Waters Corporation
11.4.3. Thermo Fisher Scientific, Inc.
11.4.4. PerkinElmer, Inc.
11.4.5. Danaher Corporation
11.4.6. Eppendorf
11.4.7. Pace Analytical Services, Inc.
Methodology
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