PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1708696
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1708696
Global Laboratory Supplies Market is estimated to be valued at USD 42.46 Bn in 2025 and is expected to reach USD 74.24 Bn by 2032, growing at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 42.46 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 8.30% | 2032 Value Projection: | USD 74.24 Bn |
Global laboratory supplies market growth is driven by rising demand for various test kits and consumables across food, agricultural, chemical and biomedical industries. Laboratory supplies include a variety of instruments, reagents, consumables and even small pieces of equipment that are used majorly in research, development and manufacturing activities. Technological advancements in healthcare and growing healthcare expenditure have boosted demand for novel diagnostic tests and research activities, necessitating continuous supply of upgraded laboratory solutions. Furthermore, rising government focus on developing life science infrastructures can drive the market growth. However, influx of local manufacturers offering low-cost alternatives can hamper the market growth
Global laboratory supplies market growth is driven by rising investments in R&D activities, growing focus on drug discovery and development, and increasing government expenditure on healthcare infrastructure development. However, high costs associated with varied laboratory equipment can hamper the market growth. Growing availability of improvised and customized laboratory consumables catering to sector-specific requirements can offer opportunity for market players. Rising demand for personalized medicine and influx of advanced technologies such as 3D cell culture and microfluidics can also drive the market growth.
This report provides in-depth analysis of the global laboratory supplies market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global laboratory supplies market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Thermo Fisher Scientific, Siemens Healthineers, Roche Holding AG, BD Biosciences, MerckKGaA
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global laboratory supplies market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global laboratory supplies market
Detailed Segmentation-