Laboratory Vacuum Pumps Market Research Report Information by Product (Water Based Pumps, Dry Pumps, Rotary Vane Pumps, Combination Vacuum Pumps, and Accessories), by Technology (Rotary Vane, Rotary Screw, Rotary Claw, Side Channel Blower, and Others), by Application (Autoclaves, Freeze Dryers, Vacuum Oven, Rotary Evaporators, HPLC, Centrifugal Concentrators, Glove Boxes, and Others), by End User (Pharmaceutical and Biotechnology Industry, Chemical Industry, Hospitals and Diagnostic Centers, Academic Research Laboratories, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World Industry Forecast till 2032
The Laboratory Vacuum Pumps Market was valued at USD 1.51 billion in 2023. The Laboratory Vacuum Pumps Market is expected to increase from USD 1.62 billion in 2024 to USD 2.75 billion by 2032, with a compound yearly growth rate (CAGR) of 6.86% over the forecast period (2024-2032).
The increasing number of product launches related with laboratory vacuum pumps, as well as the expanding demand for laboratory automation, are driving market expansion. Furthermore, the high startup, maintenance, and operational expenses of laboratory vacuum pumps may limit the market's growth throughout the projection period. However, the rise of R&D activities will give future market growth prospects.
The Laboratory Vacuum Pumps Market is being driven by increasing demand for laboratory automation, which necessitates the use of more advanced and efficient equipment. As laboratories increasingly use automated systems for a variety of tasks such as sample handling, analysis, and processing, vacuum pumps have become vital. These automated systems rely primarily on vacuum technology to enable accurate liquid handling, efficient sample preparation, and precise environmental control.
Market Segment insightsThe product segmentation of the Laboratory Vacuum Pumps Market includes water-based pumps, dry pumps, rotary vane pumps, combination vacuum pumps, and accessories.
The market segmentation based on technology includes rotary vane, rotary screw, rotary claw, side channel blower, among others.
Autoclaves, freeze dryers, vacuum ovens, rotary evaporators, HPLC, centrifugal concentrators, glove boxes, and others are among the Laboratory Vacuum Pumps Market's application segments.
The market is segmented by end user, with pharmaceutical and biotechnology industries, chemical industries, hospitals and diagnostic centers, university research laboratories, and others.
Regional insightsThe Laboratory Vacuum Pumps market in America is expanding rapidly, driven by increased investments in medical research, diagnostics, and sophisticated clinical applications. As healthcare facilities and research institutes develop their capacities, there is a growing need for high-performance vacuum pumps that are dependable, precise, and efficient. These pumps are essential for a variety of applications, including sample processing, filtration, and maintaining sterile conditions.
The Europe Laboratory Vacuum Pumps market accounted for the second-largest market share, owing to well-established healthcare infrastructure and rising funding for scientific research. Furthermore, the Germany Laboratory Vacuum Pumps supplier is said to have the greatest market share, while the France Laboratory Vacuum Pumps provider is expected to be the fastest rising market in Europe.
The Asia-Pacific Laboratory Vacuum Pumps market is estimated to be the fastest growing between 2023 and 2032 due to increased applications such as pharmaceuticals, biotechnology, environmental testing, and academic research, which are quickly expanding in the region. Increasing research activity in emerging countries like India and China can help Laboratory Vacuum Pumps development.
Market PlayersULVAC, Inc. (Japan), Agilent Technologies Inc. (US), Pfeiffer Vacuum GmbH (Germany), Thomas Pumps (Germany), KNF Group (Germany), The Busch Group (Germany), EPME (Germany), Atlas Copco AB (Sweden), Ingersoll Rand (Germany), and VACUUBRAND (Germany) are among the key players in the Laboratory Vacuum Pumps market.