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Global Lab Supplies Market - Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Lab Supplies Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 33.05 Billion
Diagram Market Size (Forecast Year) USD 61.17 Billion
Diagram CAGR %

Global Lab Supplies Market, By Product (Equipment and Disposables), End Users (Academic Institutes, Clinical and Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies and Others) – Industry Trends and Forecast to 2029.

Lab Supplies Market Analysis and Size

The market is anticipated to grow steadily over the next few years, due to the ongoing and consistent supply of laboratory supplies. The development of biological and chemical research has increased the demand for laboratory materials and equipment. Demand for lab supplies is rising as a result of an increase in clinical laboratory testing and life science research inquiries. The market is also anticipated to have consistent demand from procurement managers in the pharmaceutical and healthcare industries for laboratory supplies, including equipment and disposables.

Data Bridge Market Research analyses that the lab supplies market which was USD 33.05 billion in 2021, would rocket up to USD 61.17 billion by 2029, and is expected to undergo a CAGR of 8.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Lab Supplies Market Scope and Segmentation      

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Equipment and Disposables), End Users (Academic Institutes, Clinical and Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies and Others)

Countries Covered

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.

Market Players Covered

Thermo Fisher Scientific(U.S), LabWare (U.S.), LabVantage Solutions Inc. (U.S.), Abbott (U.S.), Core Informatics (U.S.), LabLynx LIMS (Laboratory Information Management System) (U.S.) , Labworks (U.S.), Computing Solutions and Inc. (U.S.), Autoscribe Informatics (U.K.), Illumina, Inc. (U.S.), Siemens (Germany), Accelerated Technology Laboratories, Inc.(U.S.), Orchard Software Corporation (U.S.), Cerner Corporation (U.S.), Soft Computer Consultants, Inc. (U.S.), Sunquest Information Systems Inc. (U.S.), McKesson Corporation (U.S.)

Market Opportunities

  • Increase in the applications of this equipment in educational and research institutions

Market Definition

The instruments, apparatuses, and tools used in research, diagnosis, and manufacture are lab supplies. Chemical and medicine production processes make use of lab supplies. These are also utilised in numerous pharmacological therapeutic procedures. Lab supplies are a valuable asset for academic institutions, clinical and diagnostic laboratories, and pharmaceutical and biotechnology companies.

Lab Supplies Market Dynamics

Drivers

  • Rapid advancements in technology

The pharmaceutical and biotechnology sectors are increasing their financing for laboratory equipment for research and development, boosting the lab supply market. One of the key reasons driving the growth of the lab supplies market is the rapid advancements in technology that allow for the introduction of new and inventive lab supplies while maintaining their quality. Rising clinical laboratory tests and life sciences research investigations are favourably affecting the market for lab supplies.

  • Rise in government spending

Increased governmental and private spending to support the healthcare sector, particularly in developing nations, and rising healthcare infrastructure construction and expansion are further creating profitable growth prospects for the lab supplies market. Fluctuations would severely hamper the growth of the market for lab supplies in the price of raw materials.

Opportunities

In addition, the market is anticipated to develop as a result of an increase in the number of testing organisations, the biotechnology industry, and the pharmaceutical industry, as well as an increase in the applications of this equipment in educational and research institutions.

Restraints/Challenges

The unstable pricing of raw materials will lead to high manufacturing costs, further impeding the market expansion for lab supplies. The lab supplies market growth rate will also be constrained by inconsistent rules and regulations along with unfavourable reimbursement practises in developing nations.

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 the 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 enormous demand for COVID-19-related research, which is being pushed by a global plastics crisis, is to blame for many of the interruptions. Every plastic component needed to conduct RT-PCR testing, including plates and pipette tips, is being used in large quantities, and many vendors are struggling to meet the demand.

Lab Supplies Chemistry Market Scope

The lab supplies market is segmented on the basis of product and end-user. The growth amongst these segments will help you analyze meagre 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.

Product

  • Equipment
  • Disposables

 End Users

  • Academic Institutes
  • Clinical and Diagnostic Laboratories
  • Pharmaceutical and Biotechnology Companies
  • Others

Lab Supplies Market Regional Analysis/Insights

The lab supplies market is analysed and market size insights and trends are provided by country, product and end-user 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.

During the forecast period, North America dominates the lab supplies market because of increasing research and development activities by pharmaceutical and biotechnological companies.

Asia-Pacific, however, will score the highest CAGR for the forecast period due to the increased expenditure for developing healthcare infrastructure.

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.

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.

Some of the major players operating in the lab supplies market are:

  • Thermo Fisher Scientific (U.S.)
  • LabWare (U.S.)
  • LabVantage Solutions Inc. (U.S.)
  • Abbott (U.S.)
  • Core Informatics (U.S.)
  • LabLynx LIMS (Laboratory Information Management System) (U.S.)
  • Labworks (U.S.)
  • Computing Solutions and Inc. (U.S.)
  • Autoscribe Informatics (U.K.)
  • Illumina, Inc. (U.S.)
  • Siemens (Germany)
  • Accelerated Technology Laboratories, Inc. (U.S.)
  • Orchard Software Corporation (U.S.)
  • Cerner Corporation (U.S.)
  • Soft Computer Consultants, Inc. (U.S.)
  • Sunquest Information Systems Inc. (U.S.)
  • McKesson Corporation (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

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 customized 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 analyzed 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.

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FREQUENTLY ASK QUESTIONS

The lab supplies market value is estimated value of USD 61.17 billion by 2029.
The lab supplies market is projected to grow at a CAGR of 8.00% during the forecast period of 2022-2029.
The major players operating in the Lab Supplies Market are Thermo Fisher Scientific(U.S), LabWare (U.S.), LabVantage Solutions Inc. (U.S.), Abbott (U.S.), Core Informatics (U.S.), LabLynx LIMS (Laboratory Information Management System) (U.S.) , Labworks (U.S.), Computing Solutions and Inc. (U.S.), Autoscribe Informatics (U.K.), Illumina, Inc. (U.S.), Siemens (Germany), Accelerated Technology Laboratories, Inc.(U.S.), Orchard Software Corporation (U.S.), Cerner Corporation (U.S.), Soft Computer Consultants, Inc. (U.S.), Sunquest Information Systems Inc. (U.S.), McKesson Corporation (U.S.).
The major countries covered in the Lab Supplies Market 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.
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