The Lab Supplies Global Market Report 2023 by The Business Research Company, provides lab supplies market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Lab Supplies Global Market Report 2023, the market size is expected to grow from the global lab supplies market size is expected to grow from $32.65 billion in 2022 to $35.28 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The global lab supplies market size is expected to grow to $47.12 billion in 2027 at a CAGR of 7.5%.
The rise in the number of testing laboratories in the world is expected to propel the growth of the lab supplies market going forward. A testing laboratory is a site where diagnostic tests or research is performed. Testing laboratories use lab supplies for conducting reactions and containing chemicals. The increasing number of testing laboratories increases the use of lab supplies and hence drives the lab supplies market.
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The lab supplies market is segmented:
1) By Product: Equipment, Disposables
2) By Application: Biochemistry, Endocrinology, Microbiology, Genetic Testing, Other Applications
3) By End Users: Academic Institutes, Clinical And Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies, Other End User
Product innovations are a key trend gaining popularity in the lab supplies market. Major companies operating in the market are introducing new and innovative products to sustain their position in the market. For instance, in October 2022, Q2 Solutions, a US-based clinical trial laboratory services organization, launched the first self-collection safety lab panel for the US clinical trial participants. The new product is based-on self-collection technology and enables participants in a clinical trial to provide blood specimens from the comfort of their homes. The clinical-grade remote sampling system enables decentralized laboratory testing without affecting sample quality. The solution comprises simple at-home self-collection kits with instructions and videos, a technique for direct-to-patient delivery, and streamlined specimen processing and shipping needs.
The lab supplies market report table of contents includes:
1. Executive Summary
2. Lab Supplies Market Characteristics
3. Lab Supplies Market Trends And Strategies
4. Lab Supplies Market – Macro Economic Scenario
5. Lab Supplies Market Size And Growth
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26. Africa Lab Supplies Market
27. Lab Supplies Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Lab Supplies Market
29. Lab Supplies Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Agilent Technologies Inc
- Bio-Rad Laboratories Inc.
- Bruker Corporation
- Danaher Corporation
- Fujifilm Holdings Corporation
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