Laboratory Supplies Market Size, Share & Trends Analysis Report By Product (Equipment (Autoclaves & Sterilizers, Spectrophotometer & Microarray Equipment), Disposables (Tubes, Masks)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Laboratory Supplies market size was estimated at USD 34.9 billion in 2021 and is expected to surpass around USD 68.20 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 8.1% during the forecast period 2022 to 2030.

Key Takeaways:

• By Product, the U.S. Laboratory Supplies market was valued at USD 11.9 Billion in 2021 and expected to witness growth at a CAGR of 8.11% from 2022 to 2030.
• The equipment segment dominated the market with a share of over 64.4% in 2021 due to the high costs associated with them
• The disposables segment is anticipated to witness a rapid growth rate of 8.3% during the forecast period as they help in avoiding contamination and reducing errors in the procedures
• Among disposables, the tube segment accounted for a maximum share of 19.2% in 2021. They are mostly used in laboratories to view, store, and transport samples
• North America was the leading regional segment in terms of revenue and market share in 2021. It accounted for over 38.5% of the market share due to the increasing research activities being carried out in the region

Rise in investment for R&D activities by countries, the amalgamation of lab equipment with state-of-the-art technology, and increase in demand for plastics in the healthcare industry due to its advantages over metal and glass, which includes cost-effectiveness, lightweight, versatility, and biocompatibility, are factors driving the market.

Laboratories have developed as multipurpose research facilities in which numerous types of testing mechanisms, research comparisons, and different developments are carried out. This has also led to a rise in the laboratory supply market demand. Moreover, the trend of lab supplies research has been gaining a strong grip over the past decade. This has resulted in the expansion of new laboratories in academic institutions, thereby driving the market growth.

Furthermore, clinical laboratories are also going through major technological developments. With intense research and development going on in the field of personalized medicine and the pathogenesis of diseases, advanced diagnostics procedures and tests are being executed widely. The technological improvements in the laboratory continue to bring real benefits that increase from greater ease of use, speed of analysis, improved safety, higher precision, increased capacity, operational efficiencies, enhanced reliability, and numerous other intangibles.

Report Scope of the Laboratory Supplies Market

 Product Insights

The equipment segment accounted for the largest share of over 64.4% in 2021. The segment consists of incubators, centrifuges, laminar hoods, air filtration systems, microscopes, etc., and each product has a very crucial role when carrying out research on cell or tissue culture, which is essential to studying drug toxicology, oncology therapies, and personalized medicine. The equipment segment is the largest owing to the high equipment costs resulting in one-time installments for many years. With the help of the equipment, process controls, experiments, and quality assurance are carried out. It serves for quick capture and orientation in different categories.

Scientific institutions such as laboratories, research centers, and companies need quality laboratory equipment to perform a variety of tests, studies, and experiments. The results of these activities depend upon the quality, strength, and durability of the equipment. They aid to offer accurate results and also improve work efficiency. This is eventually creating demand for the equipment and boosting the market growth.

Regional Insights

North America accounted for the largest share of more than 38.5% in 2021. This is attributed to the presence of several biopharmaceutical and pharmaceutical firms engaged in R&D. In addition, an increase in the number of grants, such as the National Institute of Health (NIH), to enhance research activities provided by government establishments is anticipated to boost the market growth. The quality and track record of firms that have operated in the region are believed to attract further investments for research during the forecast period.

Some of the prominent players in the Laboratory Supplies Market include:

• Bio-Rad Laboratories, Inc.
• Bruker Corporation
• Danaher Corporation
• Fujifilm Holdings Corporation (Irvine Scientific Sales Company, Inc.).
• Agilent Technologies Inc.
• PerkinElmer Inc.
• Sartorius AG
• Shimadzu Corporation
• Thermo Fisher Scientific, Inc.
• Waters Corporation

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Laboratory Supplies market

• Product 
• Equipment

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

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Laboratory Supplies industry analysis from 2022 to 2030 to identify the prevailing Laboratory Supplies industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Laboratory Supplies industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Laboratory Supplies industry trends, key players, market segments, application areas, and market growth strategies.