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Global Laboratory Equipment Market Share, Size, Forecast: By Product: Incubators, Centrifuges, Spectrometers, Scopes, Sonicators, Autoclaves, Others; By Contract Type: Customised Service Contract, Standard Service Contract; By Application; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Laboratory Equipment Market Outlook
The global laboratory equipment market size reached a value of approximately USD 31.19 billion in 2023. The market is further expected to grow at a CAGR of 10.20% between 2024 and 2032, reaching a value of USD 74.62 billion by 2032.
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Key Trends in the Market
Laboratory equipment refers to equipment and tools that are used in laboratories by scientists, professors, and students. They are used for gathering data, performing experiments, collections, and storage of chemicals, and for taking measurements. Laboratory equipment aid in completion of scientific experiments and tasks with precision and accuracy as well as aid in the interpretation and analysis of data.
- The key laboratory equipment market trends include increase in number of research activities in pharmaceutical, biotechnology, and life sciences industries. As experiments play a significant role in inventions and scientific discoveries, the utilisation of laboratory equipment in research centres and labs, among others is rising.
- Another crucial trend aiding the laboratory equipment market growth includes rising requirement for eco-friendly laboratory equipment. As substantial amounts of resources and energy is required for operating research facilities, many laboratories are investing in eco-friendly equipment in order to contribute to the environment and reduce their carbon footprint.
- Growing focus on quality control and elimination of errors is further increasing the demand for laboratory equipment. Novel technologies and products launched by market key players are geared towards eliminating unnecessary testing, reducing laboratory errors, and ensuring the proper execution and analysis of the conducted experiments and tasks.
Global Laboratory Equipment Market Analysis
Based on product, the market is divided into incubators, centrifuges, spectrometers, scopes, sonicators, and autoclaves, among others. On the basis of contract type, the market is bifurcated into customised service contract and standard service contract. By application, the market is segregated into biochemistry, endocrinology, microbiology, and genetic testing, among others. On the basis of region, the laboratory equipment market segmentation is North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global laboratory equipment market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Becton, Dickinson and Company.
- Bio-Rad Laboratories, Inc.
- F. Hoffmann-La Roche AG
- Bruker Corporation
- Eppendorf SE
- Waters Corporation
- Labconco Corporation
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- MRC Ltd
- Others
Global Laboratory Equipment Market Share by Product
Incubators, are anticipated to hold a sizable share of the market for laboratory equipment, based on product, in the upcoming years. An incubator is a crucial piece of equipment in a laboratory as it provides a contaminant-free and controlled environment to work with tissue and cell cultures. It does so by regulating conditions including humidity, temperature, and carbon dioxide, among others. Incubators have a wide range of applications, such as storage of bacterial culture, reproduction of microorganisms such as yeast, bacteria and viruses, and preservation of clinical tools.
Global Laboratory Equipment Market Share by Region
North America is projected to account for a significant share of the laboratory equipment market over the forecast period, driven by the extensive network of research institutions and diagnostic laboratories in the region. The regional market growth is further aided by the presence of major key players, growing prevalence of various communicable and non-communicable diseases, novel product launches, and the presence of well-established healthcare infrastructure.
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Competitive Landscape
Becton, Dickinson and Company. founded in 1897 and headquartered in New Jersey, United States, is one of the largest global medical technology companies. They are dedicated towards improving patient outcomes as well as the efficiency and safety of clinicians’ care delivery processes.
Bio-Rad Laboratories, Inc. is a biotechnology research company that was established in 1952 and is based out of California in the United States. Their specialities include laboratory instruments and products used for purifying, analysing, identifying, separating, and amplifying biological materials, among others.
F. Hoffmann-La Roche AG is a leading healthcare company that was founded in 1896 and is headquartered in Basel, Switzerland. They are dedicated towards development, discovery, manufacturing, and marketing of advanced healthcare solutions.
Other market players include Bruker Corporation, Eppendorf SE, Waters Corporation, Labconco Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc., and MRC Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
|
| Breakup by Contract Type |
|
| Breakup by Application |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Laboratory Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Laboratory Equipment Historical Market (2018-2023)
8.3 Global Laboratory Equipment Market Forecast (2024-2032)
8.4 Global Laboratory Equipment Market by Product
8.4.1 Incubators
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Centrifuges
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Spectrometers
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Scopes
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Sonicators
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Autoclaves
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Laboratory Equipment Market by Contract Type
8.5.1 Customised Service Contract
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Standard Service Contract
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Laboratory Equipment Market by Application
8.6.1 Biochemistry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Endocrinology
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Microbiology
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Genetic Testing
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Laboratory Equipment Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Laboratory Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Laboratory Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Laboratory Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Laboratory Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Laboratory Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Becton, Dickinson and Company.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bio-Rad Laboratories, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 F. Hoffmann-La Roche AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bruker Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Eppendorf SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Waters Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Labconco Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Shimadzu Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Thermo Fisher Scientific Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 MRC Ltd
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Laboratory Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Laboratory Equipment Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Laboratory Equipment Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Laboratory Equipment Historical Market: Breakup by Contract Type (USD Million), 2018-2023
5. Global Laboratory Equipment Market Forecast: Breakup by Contract Type (USD Million), 2024-2032
6. Global Laboratory Equipment Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Laboratory Equipment Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Laboratory Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Laboratory Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Laboratory Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Laboratory Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Laboratory Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Laboratory Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Laboratory Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Laboratory Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Laboratory Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Laboratory Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Laboratory Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Laboratory Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Laboratory Equipment Market Structure
Key Questions Answered in the Report
The market size reached a value of approximately USD 31.19 billion in 2023.
The market is expected to grow at a CAGR of 10.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 74.62 billion by 2032.
The major market drivers include increase in clinical research activities, focus on quality control and elimination of errors in scientific experiments, and growing demand for new and innovative laboratory equipment.
The key trends fuelling the growth of the market include increase in number of research activities in pharmaceutical, biotechnology and life sciences industries, and rising demand for eco-friendly laboratory equipment.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various products in the market are incubators, centrifuges, spectrometers, scopes, sonicators, and autoclaves, among others.
The key players in the global laboratory equipment market are Becton, Dickinson and Company., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, Bruker Corporation, Eppendorf SE, Waters Corporation, Labconco Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc., and MRC Ltd, among others.
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