Market Overview:

The global laboratory equipment and disposables market size reached US$ 35.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

Laboratory equipment refers to devices and tools used by professionals and students working in a laboratory. They consist of laminar flow hoods, centrifuges, incubators, scopes, micromanipulation systems, homogenizers, sterilizers, and autoclaves. On the other hand, laboratory disposables are one-time-use products that help prevent contamination in laboratories. Tubes, cuvettes, dishes, gloves, masks, pipettes, and tips are some of the commonly used disposables during clinical testing. Laboratory equipment and disposables are widely used to store, collect, and process specimens as they assist in improving the efficiency of testing and avoiding laboratory mishaps. Consequently, they find extensive applications in clinical diagnostic, pathology, research, microbiology, and educational labs to carry out research, scientific experiments, and execute analyses of different scientific materials.

Laboratory Equipment and Disposables Market Trends:

The increasing number of clinical diagnostic procedures due to the rising prevalence of various infectious diseases across the globe is creating a positive outlook for the market. Laboratory equipment and disposables, such as homogenizers and spectrophotometers, are used for treating and diagnosing diseases, such as AIDS, tuberculosis, and hepatitis. In line with this, the escalating demand for improved safety procedures across all forms of research facilities is favoring the market growth. Laboratory equipment and disposables reduce the risk of exposure to corrosive and toxic materials, flammable solvents, high-pressure gases, explosive chemicals, and dangerous microbes, thus supporting the market growth. Apart from this, various product innovations, such as the introduction of sustainable and eco-friendly equipment, along with the launch of eco-drying glassware and biological safety cabinets, are providing a thrust to the market growth. Other factors, including extensive research and development (R&D) activities, improving diagnostic facilities, and the implementation of various government initiatives to establish laboratories in hospitals, are anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global laboratory equipment and disposables market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end use.

Breakup by Product Type:

• 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
     

Breakup by End Use:

• Hospitals
• Laboratories
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, FUJIFILM Irvine Scientific Inc (FUJIFILM Holdings Corporation), PerkinElmer Inc., Sartorius AG, Shimadzu Scientific Instruments Incorporated (Shimadzu Corporation), Siemens Healthcare GmbH (Siemens AG), Sysmex Corporation, Thermo Fisher Scientific Inc. and Waters Corporation.

Report Coverage: