Africa Lab Supplies Market, By Type (Product, Services), Service Contract (Standardized, Customized), Service Provider (Original Equipment Manufacturers, Third-Party Agencies), Mode (Automated, Manual), End User (Clinical & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Academic Institutes and Others), Distribution Channel (Direct Tender, Retail Sales), Industry Trends and Forecast to 2030.
Africa Lab Supplies Market Analysis and Insights
Laboratory equipment supplies are an integral part of every science laboratory in schools and universities. These include tools and equipment which are required for gathering and measuring data for performing various science experiments.
Laboratories requires a variety of equipment and instrumentation to run tests and research. These staple, workhouse general lab equipment can be found across various laboratories across disciplines and markets.
Data Bridge Market Research analyses that the Africa lab supplies market will grow at a CAGR of 8.2% during the forecast period of 2022 to 2030.
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Report Metric
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Details
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Forecast Period
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2022 to 2030
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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Type (Product Type, Service Type), Service Contract (Standardized, Customized), Service Provider (Original Equipment Manufacturers, Third-Party Agencies), Mode (Automated, Manual), End User (Clinical & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Academic Institutes, and Others), Distribution Channel (Direct Tender, Retail Sales)
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Countries Covered
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South Africa, Egypt, Uganda, Kenya, Nigeria, Zambia, Botswana, Namibia and Rest of Africa
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Bio-Rad Laboratories, Inc. (U.S.), PerkinElmer Inc. (U.S.), VITLAB GmbH (Germany), DWK Life Sciences (Germany), Bruker (U.S.), Olympus Corporation (Japan), Beckman Coulter, Inc. (Subsidiary of Danaher Corporation) (U.S.), Agilent Technologies, Inc. (U.S.), Sartorius AG (Germany), Andreas Hettich GmbH & Co. KG (Germany), Eppendorf SE (Germany), LabWare (U.S.), Bellco Glass (U.S.), BRAND GMBH + CO KG (Germany), VWR International, LLC., (U.S.) Montech (South Africa), Anton Paar GmbH (Austria), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Eurofins Scientific (Germany), and Waters Corporation (U.S.)
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Lab Supplies Market Dynamics
Drivers
- High cases of infectious diseases
South Africa has been facing the burden of HIV and AIDS for the past few decades. The impact of the disease in South Africa is devastating the healthcare system, and the country is failing to combat it. Increasing investment for healthcare infrastructure leading to the heavy requirement for proper diagnostic facilities to improve economic healthcare. Thereby this increases the demand for proper diagnostic supplies in the laboratories to carry out different testing required for better treatment of the diseases in the country.
- Constant demand for lab supplies during COVID-19 pandemic
The COVID-19 pandemic has emerged as one of the most significant humanitarian challenges in recent history, and testing is seen as one of the main components of efforts to contain the virus and mitigate its impact. Such as an outbreak of coronavirus pandemic boosted the demand for lab testing to curb the spread of infections and contain the disease which is fueling up the market growth.
- Poor hygiene, and poor infection control
The country is reported to have a poor-quality healthcare system with poor hygiene and infection control which is considered a major reason for the increase in numerous infectious diseases. The un-sanitary regulations increase the chances of various infectious diseases in the country, thereby raising the requirement of diagnostic labs and facilities to timely diagnose the infections and prevent the spread.
Furthermore, technological advancement in lab equipment, biological and chemical research fields are the factors that will expand the lab supplies market. Other factors such as increase in the volume of life science research investigations and clinical laboratory tests will positively impact the lab supplies market's growth rate. Additionally, rise in the number of testing organisations along with the rise in the biotechnology and pharmaceutical industries will result in the expansion of lab supplies market.
Opportunities
- Government initiatives for better diagnosis
Moreover, numerous programmes developed to evaluate the healthcare delivery in South Africa will boost new opportunities for the market's growth rate.
Also, the rise in the number of clinical trials will provide beneficial opportunities for the lab supplies market in the forecast period of 2022-2030.
Restraints/Challenges
However, shortage of resources for lab equipment and poor quality laboratory services will hamper the growth of the lab supplies market in Africa. Additionally, slow progress in restructuring the healthcare system will further challenge the market in the forecast period mentioned above.
This lab supplies market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lab supplies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Lab Supplies Market
The COVID-19 has positively affected the market. On March 11, 2020, Covid-19 was formally declared a pandemic. The COVID-19 pandemic has resulted in unprecedented demand for healthcare resources since then.
The growing local prevalence of COVID-19 had a significant impact on laboratory services and equipment. While the volume of laboratory tests related to COVID-19 diagnostics and management increased, including some with limited evidence to support their use, overall testing volumes decreased significantly. Thereby the increase in the demand of the lab supplies. Various manufacturers have taken several measures to adjust to the newfound demand for COVID-19.
Recent Development
- In April 2020, Bio-Rad Laboratories, Inc. officially announced that it acquired Celsee, Inc., that provides instruments for analysis of cells and help in the diagnosis. This acquisition created an opportunity for both of them to launch new products which will improve the product portfolio of the company
Africa Lab Supplies Market Scope
The lab supplies market is segmented on the basis of on type, service contract, service provider, mode, end-user, and distribution channel. The growth amongst these segments will help you analyse meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Product Type
- Service Type
On the basis of type, the Africa lab supplies market is segmented into product type and service type.
Service Contract
- Standardized
- Customized
On the basis of service contract, the Africa lab supplies market is segmented into standardized and customized.
Service Provider
- Original Equipment Manufacturers
- Third-Party Agencies
On the basis of service provider, the Africa lab supplies market is segmented into original equipment manufacturers, third-party agencies.
Mode
- Automated
- Manual
On the basis of mode, the Africa lab supplies market is segmented into automated and manual.
End User
- Clinical & Diagnostic Laboratories
- Pharmaceutical & Biotechnology Companies
- Academic Institutes
- Others
On the basis of end user, the Africa lab supplies market is segmented into clinical & diagnostic laboratories, pharmaceutical & biotechnology companies, academic institutes, and others.
Distribution Channel
- Direct Tender
- Retail Sales
On the basis of distribution channel, the Africa lab supplies market is segmented into direct tender and retail sales.
Lab Supplies Market Regional Analysis/Insights
The lab supplies market is analysed and market size insights and trends are provided by country, type, service contract, service provider, mode, end-user and distribution channel as referenced above.
The countries covered in the lab supplies market report are South Africa, Egypt, Uganda, Kenya, Nigeria, Zambia, Botswana, Namibia and rest of Africa.
- In 2022, South Africa lab supplies market is expected to dominate due to factors such as having the most laboratories and the highest health spending per person.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Lab Supplies Market Share Analysis
The lab supplies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to lab supplies market.
Some of the major players operating in the lab supplies market are Thermo Fisher Scientific Inc., Merck KGaA, Bio-Rad Laboratories, Inc., PerkinElmer Inc., VITLAB GmbH, DWK Life Sciences, Bruker, Olympus Corporation, Beckman Coulter, Inc. (Subsidiary of Danaher Corporation), Agilent Technologies, Inc., Sartorius AG, Andreas Hettich GmbH & Co. KG, Eppendorf SE, LabWare, Bellco Glass, BRAND GMBH + CO KG, VWR International, LLC., Montech, Anton Paar GmbH, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Eurofins Scientific, and Waters Corporation among others.
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