The global demand for Laboratory Supplies Market is presumed to reach the market size of nearly USD 78.35 BN by 2030 from USD 36.92 BN in 2022 with a CAGR of 8.72% under the study period 2023 - 2030.
Laboratory supplies are the apparatuses, equipment, and tools utilized in diagnostic, research, and manufacturing applications. Laboratory supplies are the basic tools that researchers and technicians use to help them do their jobs in the lab, and they must be reliable, easy, safe to use, and cost-effective. Laboratory supplies are used for performing experiments, taking measurements, or gathering data. Laboratory supplies are also used in the process of manufacturing drugs and chemicals.
The demand for laboratory supplies is growing owing to the advancements in the research of biology and chemicals to develop new and innovative medicines for various chronic diseases. Moreover, the requirement for a wide range of laboratory equipment for proper functioning will boost the growth of the laboratory supplies market. The growing scope of laboratory supplies used in pharmaceutical and biotechnology companies, academic institutions, and diagnostic laboratories will provide tremendous growth opportunities for the global market. Furthermore, the huge investments made by the pharmaceutical industries to develop new drugs and diagnostic equipment are significantly driving the market. In addition, the increasing pressure on labs to provide results faster to accelerate the development of medicines and diagnostic devices is anticipated to benefit the global laboratory supplies market growth. However, a huge cost in funding research activities may hamper the growth of the laboratory supplies market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of laboratory supplies. The growth and trends of laboratory supplies industry provide a holistic approach to this study.
This section of the laboratory supplies market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
This section covers the regional outlook, which accentuates current and future demand for the Laboratory Supplies market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the laboratory supplies market include Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, Fujifilm Holdings Corporation (Irvine Scientific Sales Company Inc.), Agilent Technologies Inc., PerkinElmer Inc., Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific Inc., Waters Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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