Report Details-
Global Lab Supplies Market, By Product (Equipment and Disposables), End Users (Academic Institutes, Clinical and Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies and Others) – Industry Trends and Forecast to 2029.
Lab Supplies Market Analysis and Size
The market is anticipated to grow steadily over the next few years, due to the ongoing and consistent supply of laboratory supplies. The development of biological and chemical research has increased the demand for laboratory materials and equipment. Demand for lab supplies is rising as a result of an increase in clinical laboratory testing and life science research inquiries. The market is also anticipated to have consistent demand from procurement managers in the pharmaceutical and healthcare industries for laboratory supplies, including equipment and disposables.
Data Bridge Market Research analyses that the lab supplies market which was USD 33.05 billion in 2021, would rocket up to USD 61.17 billion by 2029, and is expected to undergo a CAGR of 8.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
The instruments, apparatuses, and tools used in research, diagnosis, and manufacture are lab supplies. Chemical and medicine production processes make use of lab supplies. These are also utilised in numerous pharmacological therapeutic procedures. Lab supplies are a valuable asset for academic institutions, clinical and diagnostic laboratories, and pharmaceutical and biotechnology companies.
COVID-19 Impact on Lab Supplies Market
The enormous demand for COVID-19-related research, which is being pushed by a global plastics crisis, is to blame for many of the interruptions. Every plastic component needed to conduct RT-PCR testing, including plates and pipette tips, is being used in large quantities, and many vendors are struggling to meet the demand.
Lab Supplies Chemistry Market Scope
The lab supplies market is segmented on the basis of product and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Equipment
- Disposables
End Users
- Academic Institutes
- Clinical and Diagnostic Laboratories
- Pharmaceutical and Biotechnology Companies
- Others
Lab Supplies Market Regional Analysis/Insights
The lab supplies market is analysed and market size insights and trends are provided by country, product and end-user as referenced above.
The countries covered in the lab supplies market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
During the forecast period, North America dominates the lab supplies market because of increasing research and development activities by pharmaceutical and biotechnological companies.
Asia-Pacific, however, will score the highest CAGR for the forecast period due to the increased expenditure for developing healthcare infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lab Supplies Market Share Analysis
The lab supplies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to lab supplies market.
Some of the major players operating in the lab supplies market are:
- Thermo Fisher Scientific (U.S.)
- LabWare (U.S.)
- LabVantage Solutions Inc. (U.S.)
- Abbott (U.S.)
- Core Informatics (U.S.)
- LabLynx LIMS (Laboratory Information Management System) (U.S.)
- Labworks (U.S.)
- Computing Solutions and Inc. (U.S.)
- Autoscribe Informatics (U.K.)
- Illumina, Inc. (U.S.)
- Siemens (Germany)
- Accelerated Technology Laboratories, Inc. (U.S.)
- Orchard Software Corporation (U.S.)
- Cerner Corporation (U.S.)
- Soft Computer Consultants, Inc. (U.S.)
- Sunquest Information Systems Inc. (U.S.)
- McKesson Corporation (U.S.)
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Research Methodology: Global Lab Supplies Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACTS OF COVID-19 ON THE GLOBAL LAB SUPPLIES MARKET
7 GLOBAL LAB SUPPLIES MARKET, BY INDUSTRY TYPE
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