Laboratory Supplies Market by Product (Chemicals & Reagents, Disposables, Equipment), End use (Academics & Research Laboratory, Diagnostic Laboratory, Healthcare Facilities), Application - Global Forecast 2024-2030

Laboratory Supplies Market by Product (Chemicals & Reagents, Disposables, Equipment), End use (Academics & Research Laboratory, Diagnostic Laboratory, Healthcare Facilities), Application - Global Forecast 2024-2030

The Laboratory Supplies Market size was estimated at USD 45.05 billion in 2023 and expected to reach USD 48.63 billion in 2024, at a CAGR 8.11% to reach USD 77.80 billion by 2030.

Laboratory supplies are a broad range of equipment and consumables used by professionals in laboratory settings across various industries including healthcare, pharmaceuticals, educational institutions, and research labs. These supplies range from basic items such as test tubes, beakers, and pipettes to more sophisticated equipment such as microscopes, spectrophotometers, and centrifuges. The selection of supplies varies significantly depending on the specific needs of a lab's research and diagnostic activities. Growing emphasis on research and development (R&D) across various sectors including pharmaceuticals, biotechnology, and academia increases the demand for laboratory supplies to conduct experiments and analyses. The healthcare sector's continuous advancement, including developing new treatments, drugs, and diagnostic methods, drives the need for advanced laboratory supplies. Increased healthcare research to combat diseases and the development of vaccines, especially noticeable during the COVID-19 pandemic, have significantly contributed to the demand for laboratory equipment. With the expansion of educational facilities and institutions focusing on science, technology, engineering, and mathematics (STEM), there is an increased need for laboratory supplies to support educational laboratories, fostering a practical learning environment. The high cost of advanced equipment associated with developing highly sophisticated laboratory supplies hampers market growth. Continuous technological advancements in laboratory supplies by market vendors are expected to create opportunities for market growth.

Regional Insights

In the Americas, the laboratory supplies market is characterized by a robust demand largely driven by the high adoption of advanced research methodologies, substantial investments in biotechnology and pharmaceutical sectors, and a strong emphasis on quality assurance and compliance in manufacturing. The demand spans various laboratory supplies including consumables, general laboratory equipment, and high-precision instruments. Increasing healthcare concerns and the push towards innovation in medical research are key drivers propelling the market forward in the Americas. The APAC region is witnessing rapid growth in the laboratory supplies market, driven by emerging economies such as China, India, and South Korea. Factors contributing to this growth include escalating healthcare demands, expanding pharmaceutical sectors, and increasing government investments in scientific research. Moreover, the region's burgeoning educational sector bolsters the demand for laboratory supplies in academic institutions, fostering a culture of research and development. The EMEA region presents a diverse panorama for the laboratory supplies market. Europe stands out with a well-established market, driven by countries such as Germany, the United Kingdom, and France, which prioritize research and development in healthcare, environmental science, and industrial quality control. The Middle East and Africa, although varied, are experiencing gradual growth due to improving healthcare infrastructures, rising educational standards, and government initiatives to promote scientific research. Key factors influencing the market in EMEA include regulatory policies on health and safety, advancements in research methodologies, and an increasing demand for diagnostic and pharmaceutical analysis.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Laboratory Supplies Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing emphasis on R&D across various sectors including pharmaceuticals, biotechnology, and academia
Expanding focus on quality control and quality assurance across industries
Growing government funding to support research activities

Market Restraints

High cost of technologically advanced laboratory equipment

Market Opportunities

Rise of biotechnology startups and the expanding focus on genetics and molecular biology research
Growing popularity of compact, easy-to-use, and disposable laboratory supplies

Market Challenges

Supply chain disruptions and regulatory compilance

Market Segmentation Analysis

Product: Growing usage of disposables to provide a sterile environment during research & development
End use: High potential of laboratory supplies across academics & research laboratories for educating students and facilitating experiments

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Laboratory Supplies Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Laboratory Supplies Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

OHAUS Unveils Innovative Refrigerated Centrifuges to Revolutionize Laboratory Operations

OHAUS Corporation unveiled its latest innovations, the FRONTIER 5720R and FRONTIER 5830R Multi-Pro Refrigerated Centrifuges. These state-of-the-art centrifuges are designed to meet the diverse needs of modern laboratories, offering exceptional versatility, speed, and reliability. These centrifuges demonstrate OHAUS's commitment to advancing laboratory efficiency and performance. Introducing the FRONTIER 5720R and FRONTIER 5830R models highlights the company's ongoing dedication to developing cutting-edge laboratory solutions.

SLS Unites with Novacyt to Enhance PCR Solutions Portfolio

Scientific Laboratory Supplies Ltd (SLS) announced a strategic partnership with Novacyt, the parent company of PrimerDesign Ltd and IT-IS International. This partnership significantly broadens SLS's offerings, integrating genesig PCR reagents and master mixes, Pathflow Lateral flow tests, and MyGo Instruments into their extensive PCR workflow product lineup. This partnership is poised to deliver an enriched array of leading-edge brands to their portfolio, showcasing a commitment to advancing laboratory workflows through a diverse and comprehensive product range.

Sysmex Europe SE Elevates Laboratory Haematology with Advanced Automation Capabilities

Sysmex Europe SE broadened its horizons in the lab haematology sector by launching its latest flagship line, the XR-Series. Building upon the success of its predecessor, the XN-Series, the XR-Series represents a significant leap forward. It integrates several enhanced features, such as automated barcode reading, precise tube sorting, efficient smear and reagent management, and advanced archiving capabilities, aiming to streamline operations and increase throughput for laboratories.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Laboratory Supplies Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Laboratory Supplies Market, highlighting leading vendors and their innovative profiles. These include Agilent Technologies Inc., Avantor, Inc., Beckman Coulter Inc., Becton, Dickinson, and Company, Bio-Rad Laboratories, Inc., Bio-Techne Corporation, Bruker Corporation, Danaher Corporation, Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., Foxx Life Sciences, FUJIFILM Corporation, LABOAO, Merck KGaA, Mettler Toledo, PerkinElmer Inc., Qiagen NV, Recombigen, Sartorius AG, Shimadzu Corporation, Spectrum Chemical Manufacturing Corp., Sysmex Corporation, Thermo Fisher Scientific, Inc., and Waters Corporation.

Market Segmentation & Coverage

This research report categorizes the Laboratory Supplies Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Chemicals & Reagents
Disposables
Cell Culture Consumables
Cell Imaging Consumables
Cuvettes
Dishes
Gloves
Masks
Pipettes
Tips
Tubes
Equipment
Autoclaves & Sterilizers
Centrifuges
Incubators
Lab Air Filtration System
Laminar Flow Hood
Micro Manipulation Systems
Scopes
Sonicators & Homogenizers
Spectrophotometer & Microarray Equipment
End use
Academics & Research Laboratory
Diagnostic Laboratory
Healthcare Facilities
Pharmaceutical & Biotechnology Companies
Application
Clinical Diagnostics
Environmental Testing
Food & Beverage Testing
Forensic Science
Life Sciences Research
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year