Laboratory Equipment Market Research

Laboratory Equipment or Scientific Instruments Market Size Worth USD 85,801 Million by 2030 at 7.40% CAGR.

Laboratory Equipment Market Trends and Insights By Product Type (Incubators, Centrifuges, Spectrometers, Scopes, Sonicators, Autoclaves, Others), Application (Biochemistry, Endocrinology, Microbiology, Genetic Testing, Others) and End-User (Hospitals and Clinics, Others), Competitive Market Growth, Size, Share and Forecast to 2025.

Laboratory Equipment Market

Medical laboratories need various supplies to carry out tests and conduct research. These can be found in various labs, including research labs, clinical diagnostic labs, microbiology labs, and teaching labs, where they are used to conduct scientific experiments, conduct research, and perform analyses on various scientific materials. Innovative technologies, such as specialized tools, are being developed by both public and commercial research organizations in the context of research and development operations to diagnose and treat various diseases throughout the world. As a result of developments in biological and chemical research, there has been an increase in the availability of laboratory supplies. According to the sector, there is a growing need for laboratory equipment due to the growing number of clinical laboratory tests and life science research initiatives.

According to estimates, the market for laboratory equipment and disposables will expand significantly over the forecast period due to technological expansions in the field of lab equipment, an increase in the number of clinical diagnostic procedures, and increased investments in private and public healthcare. Favorable insurance policies for lab equipment also contribute to the market's expansion. Furthermore, the market for laboratory supplies and disposables is growing as a result of an increase in research in the fields of life sciences and biotechnology. Additionally, it is anticipated that buying managers in the pharmaceutical and healthcare sectors would have a higher demand for a consistent supply of essential laboratory equipment in the upcoming years.

The central players in the laboratory equipment market are:

• Agilent Technologies, Inc. (US)
• BD (US)
• Hoffmann LA-Roche AG (Switzerland)
• PerkinElmer Inc. (US)
• Beckman Coulter, Inc. (US)
• Bio-Rad Laboratories, Inc. (US)
• Bruker (US)
• Eppendorf AG (Germany)
• Shimadzu Corporation (Japan)
• Thermo Fisher Scientific Inc. (US)
• Waters (US)