Laboratory Equipment Market

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

  • Report ID: EP-2909
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 198
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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.


Laboratory Equipment Market summary

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 the 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.

Attributes

Details

Report Title

Laboratory Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

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])

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

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.

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.


Laboratory Equipment Market products

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.


Laboratory Equipment Market region

Segments

Segments Covered in the Report:
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
    • 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.

Laboratory Equipment Market keyplayers

1. Executive Summary
2. 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.

Segments Covered in the Report:
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
    • 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

 

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.

Laboratory Equipment Market keyplayers

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