Laboratory Consumables Trends and Forecast
The future of the global laboratory consumables market looks promising with opportunities in the academic & research institutions, pharmaceutical & biotechnology companies, and healthcare facilities markets. The global laboratory consumables market is expected to grow with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are rising demand for advancements in research and development and growing demand for sustainable and eco-friendly laboratory consumables.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Laboratory Consumables by Segment
The study includes a forecast for the global laboratory consumables by product, end use, and region.
Laboratory Consumables Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Reagents & Kits
• General Lab Supplies
• Others
Laboratory Consumables Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Academic & Research Institutions
• Pharmaceutical & Biotechnology Companies
• Healthcare Facilities
Laboratory Consumables Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Laboratory Consumables Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies laboratory consumables companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laboratory consumables companies profiled in this report include-
• Abbott Laboratories
• Agilent Technologies
• Borosil
• Corning
• Danaher
• EKF Diagnostics
• Eppendorf
• F. Hoffmann-La Roche
• Haier Biomedical
• Horiba Instruments
Laboratory Consumables Market Insights
Lucintel forecasts that reagents & kits will remain the larger segment over the forecast period due to technological advancements and evolving laboratory practices.
Within this market, healthcare facilities will remain the largest segment.
North America will remain the largest region over the forecast period due to rising healthcare expenditure and increasing government funding for research and development.
Features of the Global Laboratory Consumables Market
Market Size Estimates: Laboratory consumables market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Laboratory consumables market size by product, end use, and region in terms of value ($B).
Regional Analysis: Laboratory consumables market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the laboratory consumables market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the laboratory consumables market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for laboratory consumables market?
Answer: The global laboratory consumables market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the laboratory consumables market?
Answer: The major drivers for this market are rising demand for advancements in research and development and growing demand for sustainable and eco-friendly laboratory consumables.
Q3. What are the major segments for laboratory consumables market?
Answer: The future of the laboratory consumables market looks promising with opportunities in the academic & research institutions, pharmaceutical & biotechnology companies, and healthcare facilities markets.
Q4. Who are the key laboratory consumables market companies?
Answer: Some of the key laboratory consumables companies are as follows:
• Abbott Laboratories
• Agilent Technologies
• Borosil
• Corning
• Danaher
• EKF Diagnostics
• Eppendorf
• F. Hoffmann-La Roche
• Haier Biomedical
• Horiba Instruments
Q5. Which laboratory consumables market segment will be the largest in future?
Answer: Lucintel forecasts that reagents & kits will remain the larger segment over the forecast period due to technological advancements and evolving laboratory practices.
Q6. In laboratory consumables market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising healthcare expenditure and increasing government funding for research and development.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the laboratory consumables market by product (reagents & kits, general lab supplies, and others), end use (academic & research institutions, pharmaceutical & biotechnology companies, and healthcare facilities), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Laboratory Consumables Market, Laboratory Consumables Market Size, Laboratory Consumables Market Growth, Laboratory Consumables Market Analysis, Laboratory Consumables Market Report, Laboratory Consumables Market Share, Laboratory Consumables Market Trends, Laboratory Consumables Market Forecast, Laboratory Consumables Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.