Lab Accessories Market by Type, End-User, and Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2029
Overview
Lab Accessories Market size is projected to reach US$ 960.26 Mn at the end of the forecast period at a CAGR of 7.4%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The lab accessories market is segmented into type, end-user, and region.
In terms of type, global lab accessories market is classified into microplates, label printers, pipettes, pumps, reagent reservoirs, valves, tubings, and wash stations.
Based on an end-user, global lab accessories market is divided into OEMs, biotechnology & pharmaceutical companies, hospitals, private laboratories, academic institutes, and research institutes.
Based on regions, the global lab accessories market is divided into five main regions are North America, Europe, Asia-pacific, Latin America and Middle East & Africa.
Laboratories require high-quality equipment to deliver accurate, consistent and quick results. Lab accessories are user-friendly & portable and are used by clinicians at hospitals, ambulance and also used at home.
Based on the end-user segment, the research institutes hold the largest market share which is followed by hospitals & private laboratories. The availability of finance for research, higher reproducibility & accuracy of laboratory accessories, large-scale disease outbreaks, and increasing adoption of laboratory automation in drug discovery and clinical diagnostics are rising the growth of this segment.
Based on product type, the microplates are further sub-segmented into microplate storage racks, well stand, and well oriented. The wash stations segment is the dominating segment among others owing to the increasing need for efficient & effective research and lab accessories.
Greater productivity & reduction in costs, improved personal safety, rising adoption of a laboratory, automation systems in drug discovery & clinical diagnostics, large-scale disease outbreaks, availability of funding for research, and higher reproducibility & accuracy in laboratory automation are boosting the global market growth.
Lack of preparation for technology development is hindering the market growth. Additionally, automation not being a priority for small and medium-sized laboratories is also hampering the global market growth
Geographically, North America region is expected to drive the market growth due to the presence of a large number of hospitals & research institutes developed healthcare infrastructure and strong R&D initiatives.
Key player operating in the global market are ThermoFisher Scientific, Inc., Bio-Rad Laboratories, Inc., BD, Biotix, Inc., Endress+Hauser Management AG, VISTALAB TECHNOLOGIES, INC., Brooks Automation, 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 N.V., HNP Mikrosysteme GmbH, Sapphire Engineering UK Ltd., Gilson, Inc., Schwarzer GmbH & Co. Service KG, and Charles Austen Pumps Ltd.
Lab Accessories Market Scope: Inquire before buying
| Lab Accessories Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 582.58 Mn. |
| Forecast Period 2023 to 2029 CAGR: | 7.4% | Market Size in 2029: | US $ 960.26 Mn. |
| Segments Covered: | by Type | Microplates Label Printers Pipettes Pumps Reagent Reservoirs Valves Tubings Wash Stations |
|
| by End-user | OEMS Biotechnology & Pharmaceutical Companies Hospitals Private Laboratories Academic Institutes Research Institutes |
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Lab Accessories Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. ThermoFisher Scientific, Inc.
2. Bio-Rad Laboratories, Inc.
3. BD
4. Biotix, Inc.
5. Endress+Hauser Management AG
6. VISTALAB TECHNOLOGIES, INC.
7. Brooks Automation, Inc.
8. Corning Incorporated
9. Hamilton Company
10. PARKER HANNIFIN CORP.
11. IWAKI CO., LTD.
12. Cole-Parmer Instrument Company
13. LLC
14. Watson-Marlow Fluid Technology Group
15. Heidolph Instruments GmbH & Co.KG
16. Qiagen N.V.
17. HNP Mikrosysteme GmbH
18. Sapphire Engineering UK Ltd.
19. Gilson, Inc.
20. Schwarzer GmbH & Co. Service KG
21. Charles Austen Pumps Ltd.
Frequently Asked Questions:
1. Which region has the largest share in Global Lab Accessories Market?
Ans: Asia Pacific region held the highest share in 2022.
2. What is the growth rate of Global Lab Accessories Market?
Ans: The Global Lab Accessories Market is expected to grow at a CAGR of 7.4% during forecast period 2023-2029.
3. What is scope of the Global Lab Accessories market report?
Ans: Global Lab Accessories Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Lab Accessories market?
Ans: The important key players in the Global Lab Accessories Market are –ThermoFisher Scientific, Inc.,Bio-Rad Laboratories, Inc.,BD,Biotix, Inc.,Endress+Hauser Management AG,VISTALAB TECHNOLOGIES, INC.,Brooks Automation, 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 N.V.,HNP Mikrosysteme GmbH,Sapphire Engineering UK Ltd.,Gilson, Inc.,Schwarzer GmbH & Co. Service KG,Charles Austen Pumps Ltd.
5. What is the study period of this market?
Ans: The Global Lab Accessories Market is studied from 2022 to 2029.