Labware Market - Global Outlook & Forecast 2022-2027

Labware Market - Global Outlook & Forecast 2022-2027

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Labware Market Report

The development of the laboratory glassware market is linked with the growth of industries like petrochemicals, polymer chemistry, and pharmaceuticals. Numerous manufacturers of laboratory glassware majorly rely on exports for commercial accomplishment.

Factors such as the increasing number of R&D laboratories, rising demand for plasticware and glassware products for clinical use in hospitals and forensic laboratories as they are lightweight, recyclable, cost-effective, and non-breakable, and government support in the field of pharmaceutical and drug discovery are anticipated to be the key drivers for the growth of the global labware market in the coming years.

MARKET GROWTH ENABLERS

• Increasing Demand for Plastic Labware
• Rising Research in Biotechnology & Pharmaceutical Industries
• Investment in Plastic Labware

LABWARE MARKET SEGMENTS

By end-user, the market is classified into research & academic institutions, hospitals & diagnostic centers, biotechnology industry & pharmaceutical, contract research organizations, food & beverage industry, and others. The research & academic institutions segment is the largest segment and accounted for a revenue share of 30.18% in 2021.

The pipettes segment dominated the market and accounted for a highest share in 2021.

Segmentation by Product

• Pipettes
• Burettes
• Beakers
• Flasks
• Test Tubes
• Others

Segmentation by Material Type

• Plasticware
• Glassware
• Disposable
• Others

Segmentation by End-User

• Research & Academic Institutions
• Hospitals & Diagnostic Centers
• Biotechnology Industry & Pharmaceutical
• Contract Research Organization
• Food & Beverage Industry
• Others

GEOGRAPHICAL ANALYSIS

In North America, the rising number of diagnostic tests, increased usage of laboratory consumables, and introduction of specially designed plasticware are key factors that are driving the growth of the market in the region.

The APAC labware market is the fastest growing in the world. Developing countries such as India are planning to initiate a nearly $1.3 billion fund to encourage businesses to manufacture pharmaceutical ingredients domestically by 2023. The country supplies a substantial share of the global demand for multiple vaccines and accounts for the second-largest pharmaceutical and biotech workforce globally.

Segmentation by Geography

• North America
• US
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Spain
• APAC
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• South Africa
• UAE

COMPETITIVE ANALYSIS

The growth of players in the market depends on its condition, economic growth, and industry development. Exporting through an intermediary such as a distributor or importer is still the key channel for exporters from developing countries.

Key Vendors

• Corning
• DWK Life Sciences
• Bellco Glass
• Thermo Fisher Scientific
• Sartorius

Other Prominent Vendors

• Eppendorf
• METTLER TOLEDO
• Borosil
• TECHNOSKLO
• Crystalgen
• Eagle Laboratory Glass Company
• Sarstedt
• PerkinElmer
• Hamilton Laboratory Glass
• Quark
• Kavalierglass
• Glacier Glass Works
• Jencons Glass Industries
• Glassco
• HARIO
• CITOTEST
• SP Industries
• SCAM
• Merck
• Naugra Export

THE REPORT INCLUDES:

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4. It offers a complete overview of market segments and the regional outlook of the Construction Adhesives market.

5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.