Petri Dishes Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Petri Dishes Market
The petri dishes market size was valued at USD 384.5 million in 2022, and the market is now projected to grow from USD 398.4 million in 2023 to USD 531.1 million by 2030, exhibiting a CAGR of 4.2% during the forecast period of 2023-2030.
Expanding research during the COVID-19 pandemic benefited the world market. The global market was positively impacted by the COVID-19 outbreak. Research on COVID-19 vaccines and other chronic illnesses grew quickly during the pandemic at academic institutions, pharmaceutical and biotechnological businesses, and other healthcare facilities. The businesses were also searching for cures to help the enormous number of COVID-19 patients in addition to this. Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the petri dishes market growth.
Expanding Global Healthcare Providers' research and development efforts to promote petri dishes market growth during forecast period. The use of petri dishes for cell culture procedures is being aided by the increasing R&D efforts of these healthcare providers. Furthermore, this tendency is boosting the earnings of some of the major companies in the industry, which supports the industry's expansion.
Growing intent to introduce biodegradable laboratory equipment during forecast period. The preference for biodegradable and creative materials in the production of petri dishes is a result of researchers' growing concerns about the disposable and recyclable nature of these dishes, particularly those composed of plastic. Furthermore, research institutes, governmental and non-governmental organizations are being directed toward inorganic growth strategies to assist the production of biodegradable dishes by the increased awareness and attention toward a sustainable future.
Comprehensive Analysis of Petri Dishes Market
The petri dishes market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by product type and by end users. The product type segmentations include Glass and Plastic, By End-user segmentations include Hospital & Clinical Laboratories, Diagnostic Centers, Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, and others.
The North America region lead the petri dishes market by benefitting a market size of USD 151.6 million in 2022 due to rising regional demand for medications and treatments.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, Corning Incorporated (U.S.), Thermo Fisher Scientific Inc. (U.S.), SARSTEDT AG & Co. KG (Germany), Sumitomo Bakelite Co., Ltd. (Japan), Greiner AG (Austria), TPP Techno Plastic Products AG (Switzerland), Avantor, Inc. (Japan), Crystalgen, Inc. (U.S.), Wuxi NEST Biotechnology Co., Ltd. (China), CELLTREAT Scientific Products (U.S.), Phoenix Biomedical Products (Canada), Merck KGaA (Germany), Zhejiang Aicor Medical Technology Co. (China), MULTIGATE (Australia) these market players provide a level-playing competitive landscape.
In May 2023, In an effort to deliver premium products at the lab bench, Avantor, Inc. partnered with Labguru, a research-to-production platform used by major international pharmaceutical companies, national research institutes, and others.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.2% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Product Type
Glass
Plastic
By End-user
Hospital & Clinical Laboratories
Diagnostic Centers
Pharmaceutical & Biotechnology Companies
Academic & Research Institutes
Others
By Region
North America (By Product Type, End-user, and Country)
U.S.
Canada
Europe (By Product Type, End-user, and Country/Sub-region)
U.K.
Germany
France
Italy
Rest of Europe
Asia Pacific (By Product Type, End-user, and Country/Sub-region)
China
Japan
India
Australia
Rest of Asia Pacific
Rest of the World (By Product Type and End-user)
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