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
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:
Section 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Laboratory Equipment and Disposables
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Laboratory Equipment and Disposables Market By Product
1.2.2.1. Global Laboratory Equipment and Disposables Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.2.2. Global Laboratory Equipment and Disposables Market Revenue Share By Product in 2017
1.2.2.3. Equipment
1.2.2.3.1. Incubators
1.2.2.3.2. Centrifuges
1.2.2.3.3. Lab Air Filtration System
1.2.2.3.4. Scopes
1.2.2.3.5. Laminar Flow Hood
1.2.2.3.6. Micro Manipulation Systems
1.2.2.3.7. Sonicators and Homogenizers
1.2.2.3.8. Autoclaves and Sterilizers
1.2.2.3.9. Spectrophotometers & Microarray Equipment
1.2.2.3.10. Others
1.2.2.4. Disposables
1.2.2.4.1. Pipettes
1.2.2.4.2. Cuvettes
1.2.2.4.3. Dishes
1.2.2.4.4. Gloves
1.2.2.4.5. Masks
1.2.2.4.6. Tips
1.2.2.4.7. Tubes
1.2.2.4.8. Cell Imaging Consumables
1.2.2.4.9. Cell Culture Consumables
1.2.3. Laboratory Equipment and Disposables Market by Geography
1.2.3.1. Global Laboratory Equipment and Disposables Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.3.2. North America Laboratory Equipment and Disposables Market Revenue and Growth Rate (2015-2026)
1.2.3.3. Europe Laboratory Equipment and Disposables Market Revenue and Growth Rate (2015-2026)
1.2.3.4. Asia-Pacific Laboratory Equipment and Disposables Market Revenue and Growth Rate (2015-2026)
1.2.3.5. Latin America Laboratory Equipment and Disposables Market Revenue and Growth Rate (2015-2026)
1.2.3.6. Middle East and Africa (MEA) Laboratory Equipment and Disposables Market Revenue and Growth Rate (2015-2026)
Section 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
Section 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Laboratory Equipment and Disposables Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Laboratory Equipment and Disposables Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Laboratory Equipment and Disposables Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Laboratory Equipment and Disposables Major Manufacturers in 2017
Section 4. LABORATORY EQUIPMENT AND DISPOSABLES MARKET BY PRODUCT
4.1. Global Laboratory Equipment and Disposables Revenue By Product
4.2. Equipment
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.2.3. Incubators
4.2.4. Centrifuges
4.2.5. Lab Air Filtration System
4.2.6. Scopes
4.2.7. Laminar Flow Hood
4.2.8. Micro Manipulation Systems
4.2.9. Sonicators and Homogenizers
4.2.10. Autoclaves and Sterilizers
4.2.11. Spectrophotometers & Microarray Equipment
4.2.12. Others
4.3. Disposables
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3.3. Pipettes
4.3.4. Cuvettes
4.3.5. Dishes
4.3.6. Gloves
4.3.7. Masks
4.3.8. Tips
4.3.9. Tubes
4.3.10. Cell Imaging Consumables
4.3.11. Cell Culture Consumables
Section 5. NORTH AMERICA LABORATORY EQUIPMENT AND DISPOSABLES MARKET BY COUNTRY
5.1. North America Laboratory Equipment and Disposables Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2. North America Laboratory Equipment and Disposables Market Revenue Share Comparison, 2015 & 2026 (%)
5.3. U.S.
5.3.1. U.S. Laboratory Equipment and Disposables Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
5.4. Canada
5.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
5.5. Mexico
5.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
Section 6. EUROPE LABORATORY EQUIPMENT AND DISPOSABLES MARKET BY COUNTRY
6.1. Europe Laboratory Equipment and Disposables Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. Europe Laboratory Equipment and Disposables Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. UK
6.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.4. Germany
6.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.5. France
6.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.6. Spain
6.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.7. Rest of Europe
6.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
Section 7. ASIA-PACIFIC LABORATORY EQUIPMENT AND DISPOSABLES MARKET BY COUNTRY
7.1. Asia-Pacific Laboratory Equipment and Disposables Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Asia-Pacific Laboratory Equipment and Disposables Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. China
7.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4. Japan
7.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.5. India
7.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.6. Australia
7.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.7. South Korea
7.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.8. Rest of Asia-Pacific
7.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
Section 8. LATIN AMERICA LABORATORY EQUIPMENT AND DISPOSABLES MARKET BY COUNTRY
8.1. Latin America Laboratory Equipment and Disposables Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Latin America Laboratory Equipment and Disposables Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. Brazil
8.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4. Argentina
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5. Rest of Latin America
8.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
Section 9. MIDDLE EAST LABORATORY EQUIPMENT AND DISPOSABLES MARKET BY COUNTRY
9.1. Middle East Laboratory Equipment and Disposables Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Middle East Laboratory Equipment and Disposables Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Saudi Arabia
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4. UAE
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5. Rest of Middle East
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
Section 10. AFRICA LABORATORY EQUIPMENT AND DISPOSABLES MARKET BY COUNTRY
10.1. Africa Laboratory Equipment and Disposables Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Africa Laboratory Equipment and Disposables Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. South Africa
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4. Egypt
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5. Rest of Africa
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
Section 11. COMPANY PROFILE
11.1. Agilent Technologies, Inc.
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Bio-Rad Laboratories
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Bruker Corp.
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Danaher corp.
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Fujifilm Irvine Scientific
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Waters Corporation
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. PerkinElmer
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Sartorius AG
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Shimadzu Corporation
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Others
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
Section 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers