Global Lab Supplies Market, By Product (Equipment and Disposables), End Users (Academic Institutes, Clinical and Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the lab supplies market will exhibit a CAGR of around 7.05% for the forecast period of 2021-2028. Rising demand for novel therapeutics for chronic diseases and rising online platforms dealing in lab supplies are the two major factors driving the growth of lab supplies market.
Lab supplies are the tools, equipment, and apparatuses that are utilized in the research, diagnostic and manufacturing applications. Lab supplies are utilized in the process of manufacturing chemicals and drugs. These are also used in a wide range of pharmaceutical therapeutics. Lab supplies are an important asset for any academic institutes, clinical and diagnostic laboratories, and pharmaceutical and biotechnology company.
Increased funding for laboratory equipment for the purpose of research and development by pharmaceutical and biotechnological industries is fuelling up the growth of lab supplies market. Rising advancements in the technology to introduce new and innovative lab supplies and maintain their quality is one of the major factors fostering the growth of lab supplies market. Rising life sciences research investigations and clinical laboratories tests/experiments is positively influencing the growth rate of lab supplies market. Rise, growth and expansion of healthcare infrastructure coupled with increased public and private expenditure to empower the healthcare industry especially in developing economies is further creating lucrative growth opportunities for the lab supplies market. Fluctuations in the prices of raw materials will pose a major challenge to the growth of lab supplies market. High manufacturing costs due to volatility in the prices of raw materials will further create hindrances for the growth of lab supplies market. Non-uniformity in certain rules and regulations coupled with unfavourable reimbursement policies in developing economies will also limit the lab supplies market growth rate.
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 localised 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.
Global Lab Supplies Market Scope and Market Size
The lab supplies market is segmented on the basis of product and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, lab supplies market is segmented into equipment and disposables. Equipment is further segmented into incubators, laminar flow hood, micro manipulation systems, centrifuges, lab air filtration system, scopes, solicitors and homogenizers, autoclaves and sterilizers, spectrophotometer and microarray equipment and others. Disposables is further segmented into pipettes, tips, tubes, cuvettes, dishes, gloves, masks, cell imaging consumables and cell culture consumables.
- On the basis of end users, the lab supplies market is segmented into academic institutes, clinical and diagnostic laboratories, pharmaceutical and biotechnology companies and others.
Lab Supplies Market Country Level Analysis
The lab supplies market is analysed and market size insights and trends are provided by country, product, and end users as referenced above.
The countries covered in the lab supplies market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the lab supplies market during the forecast period. This is because of rising research and development activities by pharmaceutical and biotechnological companies. Prevalence of major key players in this region is another reason for high growth rate in this region. Asia-Pacific however, will score the highest CAGR for the forecast period owing to the increased expenditure for the development of healthcare infrastructure.
The country section of the lab supplies market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Lab supplies market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the lab supplies market. The data is available for historic period 2010 to 2019.
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, global 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.
The major players covered in the lab supplies market report are Agilent Technologies, Inc., PerkinElmer Inc., Shimadzu Corporation., Thermo Fisher Scientific Inc., Siemens Healthcare GmbH, Waters Corporation., VWR International, LLC., Danaher, Merck & Co., Inc., Spectrum Chemical Manufacturing Corp., Pace Analytical Services, LLC, Eppendorf AG, Hettich Instruments, John Barron_Reagecon., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Camlab Ltd, Bellco Glass, Eurofins Scientific, Medline Scientific Limited. and DWK Life Sciences among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Lab Supplies Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.