IMARC Group, a leading market research company, has recently releases report titled “Laboratory Equipment and Disposables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global laboratory equipment and disposables market report, share, size and  forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Laboratory Equipment and Disposables Market?

The global laboratory equipment and disposables market size reached US$ 35.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

What are Laboratory Equipment and Disposables?

Laboratory equipment refer to the devices and tools used by professionals and students working in a laboratory. They consist of centrifuges, incubators, scopes, micromanipulation systems, laminar flow hoods, homogenizers, sterilizers, autoclaves, etc. On the other hand, disposables represent one-time-use products that prevent contamination in laboratories. Commonly used items during clinical testing include tubes, dishes, gloves, masks, cuvettes, pipettes, and tips. Laboratory equipment and disposables are extensively utilized to collect, store, and process specimens as they improve testing efficiency and avoid mishaps. As a result, these instruments find widespread applications in pathology, research, microbiology, clinical diagnostic, and educational labs to carry out scientific experiments and execute analyses of various materials.

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What are the growth prospects and trends in the laboratory equipment and disposables industry?

The escalating number of clinical diagnostic procedures, owing to the rising prevalence of several infectious diseases across the globe, is primarily driving the laboratory equipment and disposables market.

Besides this, the elevating requirement for homogenizers and spectrophotometers to treat and diagnose various diseases, such as tuberculosis, AIDS, and hepatitis, is further augmenting the market growth. Moreover, laboratory equipment and disposables reduce the risk of exposure to flammable solvents, high-pressure gases, corrosive and toxic materials, explosive chemicals, and dangerous microbes, which is also catalyzing the global market.

Apart from this, the introduction of sustainable and eco-friendly instruments and the launch of eco-drying glassware and biological safety cabinets are expected to bolster the laboratory equipment and disposables market in the coming years. 

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

·         Equipment

o    Incubators

o    Laminar Flow Hood

o    Micro Manipulation Systems

o    Centrifuges

o    Lab Air Filtration System

o    Scopes

o    Sonicators and Homogenizers

o    Autoclaves and Sterilizers

o    Spectrophotometers and Microarray Equipment

o    Others

·         Disposables

o    Pipettes

o    Tips

o    Tubes

o    Cuvettes

o    Dishes

o    Gloves

o    Masks

o    Cell Imaging Consumables

o    Cell Culture Consumables 

Breakup by End Use:

·         Hospitals

·         Laboratories

·         Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, FUJIFILM Irvine Scientific Inc (FUJIFILM Holdings Corporation), PerkinElmer Inc., Sartorius AG, Shimadzu Scientific Instruments Incorporated (Shimadzu Corporation), Siemens Healthcare GmbH (Siemens AG), Sysmex Corporation, Thermo Fisher Scientific Inc. and Waters Corporation.

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