Laboratory Disposable Products Market: Global Industry Analysis and Forecast (2022-2029)

Laboratory Disposable Products Market was valued at US$ 14.86 Bn. in 2021. Global Laboratory Disposable Products Market size is estimated to grow at a CAGR of 5.4% over the forecast period.
Laboratory Disposable Products Market Overview:
A disposable is a product that is intended to be used once and then recycled or discarded as solid trash. Disposable products are generally prepared from most common materials, such as paper, polystyrene foam, plastic, and cotton. They've been found in a variety of labs, including research labs, clinical diagnostic labs, pathology labs, microbiology labs, and educational labs to perform research, scientific experiments, and analyses of various scientific materials. Laboratory disposables are a type of consumable product that helps to keep laboratories clean. In research experiments and diagnostic tests, laboratory disposables produce better results. As these products are not reusable, they help to eliminate the need for reprocessing. Laboratory disposables are sterile or non-sterile, designed to function with a variety of materials, suited for keeping a variety of samples, and chemically resistant.To know about the Research Methodology :- Request Free Sample Report
Laboratory Disposable Products Market Dynamics:
The laboratory disposable products market is showing northward direction growth, thanks to an increase in demand for plastics in the health care industry due to several advantages such as cost-effectiveness, lightweight, adaptability, and biocompatibility. Disposable products offer greater patient safety and aid to prevent infectious diseases and product contamination. In addition, favorable laboratory policy insurance policies along with an increase in life and biotechnology research, drive market growth. Aside from that, continued healthcare research and development, an increase in the number of chronic diseases, an increase in the number of laboratories, and technical improvements are all driving the laboratory disposable goods market throughout the forecast period.

The rising prevalence of infectious diseases such as HIV, Ebola, tuberculosis, and others are propelling the Laboratory Disposables products Market growth. According to the World Health Organization, around 1.4 million people are infected with tuberculosis (TB), which is raising demand for treatment equipment and disposable products, which are expected to drive the Laboratory Disposables Market growth throughout the forecast period.

High expenses of advanced technology laboratory equipment and a scarcity of clinical laboratories are expected to hamper the market growth during the forecast period. Nonetheless, the global acceptance of clinical diagnostics testing is increasing, and the market potential in developing nations, such as India and China is strong, which is providing profitable opportunities for market growth during the forecast period.

Strategies Adopted across the globe to Offer Lucrative Opportunities for Laboratory Disposable Products Market:

• Companies across the globe in the laboratory disposable goods market are focusing on providing unique products and technology to meet the needs of the medical community and patient population. To strengthen their position in the worldwide market, leading players focus on research and development and engage in acquisitions, mergers, and collaborations.

• The BD Intevia 1mL two-step disposable autoinjector, a sturdy platform device integrating autoinjector and pre-fillable syringe in one integrated system, was launched in October 2021 by BD, a prominent worldwide medical technology firm.

• Owing to an increase in patient population, an increase in chronic diseases, an increase in government initiatives in the health care sector, an increase in the number of laboratories, and an increase in research and development activities, emerging economies offer lucrative opportunities for the laboratory disposable products market.
Laboratory Disposable Products Market Segment Analysis:
Based on the Type, the Laboratory Disposable Products Market is segmented into Specimen Containers, Transport Vials, Collection and Transport Swabs, and Tissue Collectors. The Specimen Containers segment held the largest market share, accounting for 42.7% in 2021. The Specimen Containers have a vital role in all laboratory tasks, which is driving the market growth for this segment. The growing adoption of the product in laboratory testing across the globe along with technological advancements in the equipment leads to better results of the analysis.Based on the End User, the Laboratory Disposable Products Market is segmented into Diagnostics laboratories, Pathology labs, and Academic and research institutes. The Diagnostics laboratories segment held the largest market share, accounting for 38.66% in 2021. The segment growth is attributed to the diagnostics laboratories' convenient accessibility and larger selling capacity. In addition, patients across the globe prefer diagnostics laboratories due to the availability of skilled professionals, and the government is taking steps to improve laboratories, which are also expected to boost the market's growth throughout forecast period.
Laboratory Disposable Products Market Regional Insights:
North America region held the largest market share accounted for 53.2% in 2021. The region’s growth is attributed to increased investment for research & development activities in the region. The growing patient pool, more awareness, developments in R&D for improvement, and the introduction of new advanced product launches are driving the laboratory disposable products market growth in the region.

Asia Pacific region is expected to witness rapid growth at a CAGR of 5.31% during the forecast period. The enhanced medical infrastructure, a big elderly population, higher awareness, the development of new and cost-effective products, and a rise in healthcare expenditure, are driving the market growth in Asia Pacific region. In addition, growing purchasing power and developing healthcare infrastructure, are also increasing market growth in the region.

The objective of the report is to present a comprehensive analysis of the global Laboratory Disposable Products Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Laboratory Disposable Products Market dynamic, structure by analyzing the market segments and projecting the Laboratory Disposable Products Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the Laboratory Disposable Products Market make the report investor’s guide.
Laboratory Disposable Products Market Scope: Inquiry Before Buying



Global Laboratory Disposable Products Market


Base Year
2021
Forecast Period
2022-2029


Historical Data
CAGR
Market Size in 2021
Market Size in 2029


2017 to 2021
5.4%
US$ 14.86 Bn
US$ 22.63 Bn


Segments Covered


by Type
• Specimen Containers
• Transport Vials
• Collection and Transport Swabs
• Tissue Collectors
by Material
• Glass
• Plastic
by End Use
• Diagnostics laboratories
• Pathology labs
• Academic and research institutes


Regions Covered


North America
• United States
• Canada
• Mexico
Europe
• UK
• France
• Germany
• Italy
• Spain
• Sweden
• Austria
• Rest of Europe
Asia Pacific
• China
• S Korea
• Japan
• India
• Australia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Bangladesh
• Pakistan
• Rest of APAC
Middle East and Africa
• South Africa
• GCC
• Egypt
• Nigeria
• Rest of ME&A
South America
• Brazil
• Argentina
• Rest of South America



Laboratory Disposable Products Market Key Players are:
• Cardinal Health
• Medline Industries, Inc.
• BD
• McKesson Corporation
• Thermo Fisher Scientific, Inc.
• Gerresheimer AG
• Perkin Elmer, Inc.
• QIAGEN
• Bio-Rad Laboratories, Inc.
• Agilent Technologies, Inc.
• Dynarex Corporation
• Top Glove
• Hartalega
• Kossan
• Ansell
• Semperit
• Supermax

Frequently Asked Questions:

1] What segments are covered in the Laboratory Disposable Products Market report?
Ans. The segments covered in the Laboratory Disposable Products Market report are based on Type, Material, and End User.

2] Which region is expected to hold the highest share in the Laboratory Disposable Products Market?
Ans. The North America region is expected to hold the highest share in the Laboratory Disposable Products Market.

3] What is the market size volume of the Laboratory Disposable Products Market by 2029?
Ans. The market size of the Laboratory Disposable Products Market by 2029 is expected to reach at US$ 22.63 Bn.

4] What is the forecast period for the Laboratory Disposable Products Market?
Ans. The forecast period for the Laboratory Disposable Products Market is 2021-2029.

5] What was the market size volume of the Laboratory Disposable Products Market in 2021?
Ans. The market size of the Laboratory Disposable Products Market in 2021 was valued at US$ 14.86 Bn.