The global laboratory equipment market was valued at USD 34.37 Billion in 2025. The industry is expected to grow at a CAGR of 10.20% during the forecast period of 2026-2035 to reach a value of USD 90.78 Billion by 2035. This market growth is being strongly propelled by the growing focus on research and development as well as the increasing adoption of diagnostics and molecular testing.
Pharmaceutical, biotechnology, and life sciences companies are investing heavily in drug discovery, genomics, and personalized medicine, while healthcare providers and clinical laboratories are expanding molecular diagnostics and genetic testing capabilities to meet rising patient demand. These trends are creating a dual effect, where the need for advanced laboratory instruments and high-throughput technologies is surging globally, thereby supporting the laboratory equipment market growth.
For instance, in January 2023, Agilent Technologies announced a USD 725 million investments to double its manufacturing capacity for therapeutic nucleic acids, responding to the increasing demand for advanced pharmaceutical production and supporting R&D initiatives in drug development.
On the diagnostics side, in July 2025, Agilent inaugurated a Biopharma Experience Center in Hyderabad, India, designed to accelerate the development of life-saving medicines. The facility offers advanced tools in chromatography, mass spectrometry, cell analysis, and lab informatics, fostering collaboration between academia and industry while enhancing molecular testing and precision medicine capabilities.
Such developments illustrate how increased research and development investment and expanding molecular diagnostics are driving the demand in the laboratory equipment market.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
10.2%
Value in USD Billion
2026-2035
*this image is indicative*
The global laboratory equipment market is being propelled by the increasing demand for next-generation analytical capabilities in proteomics and precision medicine. Researchers and biopharmaceutical developers are seeking high-resolution, flexible mass spectrometry solutions that enable comprehensive protein analysis, post-translational modification mapping, and detailed structural insights. This need for advanced, high-throughput analytical tools is driving innovation and adoption across laboratories worldwide. For example, in May 2025, Bruker launched the timsOmni™ mass spectrometer, offering multimodal eXd functionality and OmniScape™ software to deliver precise proteoform sequencing and support advanced disease research.
Private equity investments and strategic partnerships are driving growth and innovations. They help companies expand product portfolios, enhance operational efficiency, and adopt advanced digital capabilities such as e-commerce, big data analytics, and platform optimization. In September 2024, Bertram Capital partnered with MSE Supplies to accelerate growth, improve business processes, and strengthen global service offerings. This trend demonstrates how investment-backed strategies are fueling market expansion, supporting innovation, and increasing access to advanced laboratory equipment and value-added services.
The push for laboratory automation and workflow efficiency is a key driver of growth in the global laboratory equipment market. Laboratories are increasingly adopting scalable, modular systems that reduce hands-on time, improve reproducibility, and support diverse applications from research to diagnostics. This trend is particularly evident as labs seek high-throughput and low-complexity solutions that enhance operational efficiency and sustainability. For instance, in April 2025, QIAGEN announced plans to launch three new sample preparation instruments, QIAmini, QIAsprint Connect, and QIAsymphony Connect, to advance automation and support oncology, genomics, and clinical workflows.
The market is witnessing a shift towards advanced instruments capable of supporting testing and development in wireless, IoT, and connected technologies. Laboratories require high-precision equipment to ensure accurate measurements, reliability, and compliance with evolving standards. Investments in state-of-the-art facilities, such as UL Solutions expanded Songshan Lake laboratory in China launched in March 2025, reflect this trend, emphasizing the need for sophisticated analytical and testing instruments to meet the growing complexity of modern research and product development workflows.
The demand for integrated digital lab management and EHS solutions is driving growth in the global laboratory equipment market. Laboratories increasingly require efficient, compliant, and scalable operations to manage safety, inventory, and regulatory requirements. Emerging life science organizations often face high costs and fragmented systems when setting up labs. Addressing this challenge, SciSure and US Lab Partners launched their Virtual Incubator Model in June 2025, offering startups and academic labs a fully integrated platform. It combines lab software, EHS workflows, and expert consulting, enabling safe, compliant, and efficient operations from day one.
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The EMR’s report titled “Global Laboratory Equipment Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market breakup by Product
Key Insight: Spectrometers account for the largest share, driven by their indispensable role in drug discovery, clinical diagnostics, and biochemistry research. Centrifuges and incubators remain core instruments for sample processing and microbial studies, while scopes and autoclaves are widely used in sterilization and routine lab work. The fastest growth is seen in sonicators, with adoption rising rapidly in molecular biology, nanotechnology, and advanced materials due to their efficiency in cell disruption and homogenization.
Market breakup by Contract Type
Key Insight: Customized service contracts generate substantial revenue in the global laboratory equipment market, as laboratories increasingly seek flexible maintenance, calibration, and compliance solutions tailored to advanced instruments. The demand is particularly strong in regulated industries like pharmaceuticals and biotechnology. Standard service contracts continue to find buyers in academic and small-scale labs where predictable costs are a priority. With high-end systems becoming more complex, customized service contracts are also expanding at the fastest pace, reflecting the global shift toward specialized support services.
Market breakup by Application
Key Insight: Biochemistry represents the largest application area, fueled by its critical role in diagnostics, metabolic analysis, and pharmaceutical R&D. Endocrinology benefits from the growing prevalence of hormonal disorders, while microbiology is supported by rising demand for pathogen testing and antimicrobial research. The most rapid growth is taking place in genetic testing, where adoption of next-generation sequencing and molecular diagnostics is accelerating worldwide. Other applications continue to provide steady support through specialized clinical and research requirements.
Market breakup by Region
Key Insight: North America leads the in the global laboratory equipment market growth, supported by advanced healthcare systems, strong research funding, and the presence of leading equipment manufacturers. Europe follows closely, with growth encouraged by regulatory standards and government-backed academic research. The fastest growth comes from Asia Pacific, where investments in biotechnology, clinical laboratories, and research infrastructure in China and India are rapidly transforming the market. Latin America and the Middle East & Africa also contribute, with modernization of healthcare facilities fueling consistent demand.
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By product, spectrometers record notable demand
Spectrometers are witnessing higher demand due to the increasing need for precise, high-throughput analytical tools in proteomics, genomics, and biopharmaceutical research. Laboratories are focusing on generating reproducible data for complex disease studies, biomarker discovery, and precision medicine, which require instruments capable of handling multi-omics workflows efficiently. For instance, in June 2025, Thermo Fisher Scientific launched the Orbitrap Astral Zoom and Orbitrap Excedion Pro mass spectrometers at ASMS, offering enhanced scan speed, resolution, and integrated software solutions to meet evolving research demands. These advancements are expected to continue driving adoption.
On the other hand, sonicators are experiencing the fastest growth rate in the laboratory equipment market due to their critical role in efficient sample preparation and processing. Their ability to provide precise cell disruption, homogenization, and nanoparticle dispersion makes them indispensable in molecular biology, nanotechnology, and biopharmaceutical research. The increasing complexity of biological samples and the growing emphasis on reproducibility and high-throughput workflows are driving laboratories to adopt sonicators. As research advances, these instruments enable faster, more consistent results, supporting innovation and enhanced analytical capabilities across diverse scientific applications.
By contract type, customized service contracts to amass substantial revenue
Customized service contracts generate the highest revenue, driven by the need for tailored maintenance, calibration, and compliance solutions for complex instruments. High-end systems in pharmaceutical, biotechnology, and clinical research sectors demand specialized support to ensure accuracy, reliability, and regulatory adherence. Providers offering flexible service plans can accommodate unique equipment configurations and evolving workflows. The emphasis on precision, uptime, and compliance in regulated environments further propel the need for customized contracts.
Meanwhile, standard service contracts experience steady uptake in the laboratory equipment industry expansion, fueled by demand from academic institutions and smaller laboratories seeking predictable, cost-effective maintenance. These contracts reduce administrative burden while ensuring routine instrument support. As mid-range equipment adoption rises for research and teaching purposes, standard contracts provide an accessible and affordable option. Their rapid growth reflects the trend of efficiency and affordability, helping smaller labs maintain reliable performance without complex customized services.
By application, biochemistry to generate the highest revenue
Government funding for large scale pharmaceutical research and development has surged the need for laboratory equipment in biochemistry applications. Investments targeting drug discovery, biotherapeutics, precision medicine, and orphan drugs are boosting demand for advanced laboratory instruments and reagents. For instance, in March 2025, India announced plans for nearly INR 17,000 crore in pharma R&D by FY28, supported by the INR 5,000 crore PRIP Scheme, which funds centers of excellence, academia-industry collaborations, and startups. Such initiatives are enhancing lab infrastructure, accelerating research capabilities, and directly increasing the adoption of biochemistry-focused equipment.
By region, North America to dominate the market
North America holds the largest laboratory equipment market share, driven by increasing investments in advanced manufacturing and automation capabilities. Companies are expanding domestic production to strengthen supply chains, improve efficiency, and support innovation in life sciences. Thermo Fisher Scientific’s opening of a 375,000-square-foot automated facility in Mebane, North Carolina, in August 2025 exemplifies this trend. The plant can produce over 40 million pipette tips weekly. It also employs automated hardware for assembly and packaging. This expansion highlights how automation and local manufacturing are accelerating regional market expansion.
Asia Pacific demonstrates significant growth mainly attributed to the growing integration of technology and innovation platforms in the region’s scientific ecosystem. Increasing participation in industry events and exhibitions, such as Thailand LAB INTERNATIONAL, held in September 2025, highlights the focus on advanced analytical, clinical, environmental, and research instruments. These platforms facilitate knowledge sharing, business networking, and exposure to cutting-edge laboratory solutions, encouraging adoption of modern equipment across academic, clinical, and industrial laboratories. Such initiatives are accelerating regional market growth by promoting technological advancement and industry collaboration.
Major laboratory equipment companies are increasingly focusing on expanding production capacities and integrating automation to meet rising demand and enhance operational efficiency. Companies are investing in state-of-the-art manufacturing facilities, upgrading existing plants, and deploying robotic systems for high-throughput processing and precision assembly. These efforts aim to reduce manual intervention, improve product quality, and shorten turnaround times. By strengthening domestic and regional supply chains, market players ensure consistent availability of critical instruments for research, diagnostics, and industrial laboratories.
In addition to automation, strategic collaborations and acquisitions are shaping the competitive landscape. Leading players are partnering with technology providers, startups, and academic institutions to accelerate innovation and expand product portfolios. Investments in R&D enable the development of next-generation instruments that cater to emerging applications, such as genomics, biopharma, and clinical diagnostics. Companies also leverage digital solutions, smart monitoring, and predictive maintenance to enhance customer support, ensure compliance, and drive long-term growth in the global laboratory equipment market.
Becton, Dickinson and Company, headquartered in Franklin Lakes, New Jersey, the United States,was founded in 1897. It specializes in medical technology and laboratory instruments. The company focuses on improving healthcare outcomes globally.
Bio-Rad Laboratories, Inc., established in 1952 and based in Hercules, California, the United States, develops life science research and clinical diagnostic products. Its solutions support scientific discovery and laboratory efficiency. The company serves academic, pharmaceutical, and clinical markets worldwide.
F. Hoffmann-La Roche AG, founded in 1896 and headquartered in Basel, Switzerland, is a leader in pharmaceuticals and diagnostics. It focuses on biotechnology, oncology, and precision medicine. Roche serves healthcare providers and patients globally.
Bruker Corporation, founded in 1960 and based in Billerica, Massachusetts, the United States, provides analytical and diagnostic instruments. Its products cater to life sciences, chemistry, and materials research. The company emphasizes innovation and high-precision technology.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the global laboratory equipment market include Eppendorf SE, Waters Corporation, Labconco Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc., and MRC Ltd, among others.
Explore the latest trends shaping the Global Laboratory Equipment Market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Get a free sample report or contact our team for customized consultation on global laboratory equipment market trends 2026.
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In 2025, the market reached an approximate value of USD 34.37 Billion.
The market is projected to grow at a CAGR of 10.20% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 90.78 Billion by 2035.
Key strategies driving the market include expanding manufacturing capacities, integrating automation and digital solutions, investing in research and development for next-generation instruments, forming strategic partnerships and acquisitions, and enhancing service offerings such as customized maintenance and calibration contracts.
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 market include 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, and other prominent companies.
North America holds the largest market share, driven by advanced healthcare systems, strong research & development funding, and the presence of leading laboratory equipment manufacturers.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 |
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| Breakup by Contract Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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