Global Laboratory Equipment and Disposables Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

Published Date : Aug 2019 | No. of Pages : 140 Pages | Category : Healthcare

The report provides a detailed analysis of the key strategies, top investment pockets, drivers & opportunities, market share, key segments, and competitive scenario. According to the report, the global laboratory equipment and disposables market was estimated at $24.3 billion in 2018 and is expected to hit $38.3 billion in 2026, growing at a CAGR of 5.9% during the forecast period 2019 to 2026.

High-end technological advancements in laboratory equipment, rise in private as well as public healthcare investments, favorable insurance policies related to laboratory equipment, and urge in research related to life science and biotechnology fuel the growth of the global laboratory equipment and disposables market. On the other hand, high costs of technologically advanced laboratory equipment and dearth of clinical laboratories in certain regions curb the market growth to some extent. Nevertheless, high market potential in emerging economies and growth in adoption of clinical diagnostic testing worldwide create multiple opportunities in the market.

Disposables segment to be dominant till 2026

Based on product, the disposables segment accounted for nearly two-third of the total market in 2017 and is expected to remain dominant throughout 2018-2026. The fact that they play a crucial role in every laboratory process has spurred the growth. In addition, increase in number of lab procedures, rise in number of R&D activities, and surge in number of diagnostic procedures boost the market. Simultaneously, the equipment segment is anticipated to grow at the highest CAGR of 6.1% during the study period. Factors that drive the segment include technological advancement, growth in awareness about advanced equipment among the developing countries and rise in number of laboratories.

North America to be dominant during the estimate period

Based on region, North America contributed to nearly two-fifth of the total market and is expected to retain its top status till 2026. Well-established healthcare infrastructure and rise in the prevalence of infectious diseases that require laboratory testing spur the market growth in the region. On the other hand, Asia-Pacific is assumed to grow at the fastest CAGR of 7.4% throughout the forecast period, 2018-2026. Factors such as rise in healthcare expenditure in countries such as China, Japan, and India and increase in government healthcare investments are anticipated to act as growth drivers for the market during the study period.

Key Players & Strategies

The major companies identified herein include Agilent Technologies, Inc., Bio-Rad Laboratories, Bruker Corp., Danaher corp., Fujifilm Irvine Scientific and Waters Corporation, PerkinElmer, Sartorius, Shimadzu Corporation and Waters Corporation.

This report includes a detailed quantitative analysis alongside current market trends in laboratory and disposable equipment between 2018 and 2026 to identify the opportunities prevailing, and the strategic evaluation of the global market for laboratory equipment and devices. The market forecast for laboratory equipment and devices is being studied between 2018 and 2026. The size and estimates of the laboratory equipment and the disposables sector are based on an extensive analysis of key developments. Strategic business planning is facilitated by a quality analysis based on innovative products. The strategies of development adopted by key market players are understandable.

Segmentation:

By Product

Equipment
   Incubators
   Centrifuges
   Lab Air Filtration System
   Scopes
   Laminar Flow Hood
   Micro Manipulation Systems
   Sonicators and Homogenizers
   Autoclaves and Sterilizers
   Spectrophotometers & Microarray Equipment
   Others
Disposables
   Pipettes
   Cuvettes
   Dishes
   Gloves
   Masks
   Tips
   Tubes
   Cell Imaging Consumables
   Cell Culture Consumables

The report analyzes and forecasts the laboratory equipment and disposables market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global laboratory equipment and disposables market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the laboratory equipment and disposables market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of laboratory equipment and disposables market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Report coverage

  • Analysis Period: 2015 – 2026
  • Base Year: 2018
  • Forecast Data: 2019 – 2026
  • Regional Scope: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Report Coverage: Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global laboratory equipment and disposables capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key laboratory equipment and disposables manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Featured Research Reports

  • Featured Research Reports

    U.S. Virtual Visits Market (By Service Type: Cold & Flu management, Allergies, Urgent Care, Preventive Care, Chronic Care Management, Behavioural Health ; By Commercial Plan Type: Small Group, Self-Funded/ASO Group Plans, Medicaid, Medicare, By Age Group, By Gender)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

    Read more...
  • Featured Research Reports

    Next-Generation Sequencing Services Market (By Service Type: Human Genome Sequencing, Gene Regulation Services; By Workflow: Pre-sequencing, Sequencing, Data Analysis; By End-use)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

    Read more...
  • Featured Research Reports

    Pediatric Clinical Trials Market (By Phase: Phase II, IV; By Study Design: Treatment, Observational Studies; By Therapeutic Areas: Mental Health Disorders, Oncology)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

    Read more...
  • Featured Research Reports

    Medical Digital Imaging Systems Market (By Type: X-ray, MRI, Ultrasound, CT, Nuclear Imaging; By Technology: 2D, 3D/4D) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

    Read more...
  • Featured Research Reports

    U.S. Pharmacy Benefit Management Market (By Business Model: Standalone, Health Insurance Providers, Retail Pharmacy; By End Use: Commercial, Federal) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

    Read more...