Global Lab Accessories Market, By Product Type (Microplates, Label Printers, Pipettes, Pumps, Reagent Reservoirs, Valves, Tubings, Wash Stations), End User (OEMS, Biotechnology and Pharmaceutical Companies, Hospitals, Private Laboratories, Academic Institutes, Research Institutes), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Lab Accessories Market
The lab accessories market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 9.85 billion by 2028 and will grow at a CAGR of 7.25% in the above mentioned forecast period.
Lab accessories are the types of tools that are used for carrying out scientific research on experiments. They can also be utilized for imparting teaching of science though conducting of practical experiments. Lab accessories are used in pathologic units, clinics, hospitals, diagnostic centers and hospitals.
The high adoption of laboratory automation systems in drug discovery and clinical diagnostics is amongst the important factor expected to intensify the growth and demand of lab accessories market. In addition, the increase in the availability of funding for research, rapid technological advancements and large-scale disease outbreaks are also expected contribute to the growth in the global market over the forecast period of 2021 to 2028. Also the greater productivity and reduction in costs and the higher reproducibility and accuracy are also likely to enhance the growth of the market. Furthermore, the automation enables end users to overcome manpower shortage which is also one of the significant factors expected to fuel the growth of the lab accessories market.
The rapid increase in the aging population leading to a rise in the number of diagnostic tests performed in laboratories, rise in the number of hospitals and automation in cancer research for early cancer detection and decrease in cost of cancer treatment are anticipated to offer significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the dearth of planning for technology development and rise in the costs required to set up procurement of laboratory accessories are expected to curb the growth of the lab accessories market, whereas the expensive research and development activities can challenge the growth of the lab accessories market.
This lab accessories market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the lab accessories market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Lab Accessories Market Scope and Market Size
The lab accessories market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the lab accessories market is segmented into microplates, label printers, pipettes, pumps, reagent reservoirs, valves, tubings and wash stations. Microplates have further been segmented into microplate storage racks, well orienters and well stands.
- The end user segment of lab accessories market is segmented into OEMS, biotechnology and pharmaceutical companies, hospitals, private laboratories, academic institutes and research institutes.
Lab Accessories Market Country Level Analysis
The lab accessories market is analyzed and market size insights and trends are provided by country, product type and end user as referenced above.
The countries covered in the lab accessories 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.
North America region leads the lab accessories market owing to the well developed healthcare infrastructure, increase in the number of hospitals and research institutes and strong R&D initiatives. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the better healthcare infrastructure, increase in the investment by investors and government bodies in the healthcare sector.
The country section of the lab accessories market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The lab accessories market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for lab accessories market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the lab accessories market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Lab Accessories Market Share Analysis
The lab accessories 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 accessories market.
The major players covered in the lab accessories market report are Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., BD, Biotix, Inc., Endress+Hauser Group Services AG, Vista Labs, Brooks Automation, Inc., PerkinElmer Inc., Corning Incorporated, Hamilton Company, PARKER HANNIFIN CORP., IWAKI CO., LTD., Cole-Parmer Instrument Company, LLC, Watson-Marlow Fluid Technology Group, Heidolph Instruments GmbH & Co.KG, QIAGEN, HNP Mikrosysteme GmbH, Gilson Incorporated, CHARLES AUSTEN PUMPS and Analytik Jena GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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