PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1468711
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1468711
Lab Supplies Market Size and Share Analysis by Based on Offering, End User, Distribution Channel - Global Industry Demand Forecast to 2030
Market Overview
The lab supplies industry is valued at USD 40.3 billion in 2023, which is projected to attain USD 66.4 billion by 2030, advancing at a CAGR of 7.6% over the projection period.
This is attributed to the fact that the ongoing research and development on the emergence of these entities have been increased due to the increased spending of life science companies on this aspect, the number of these firms has gone up and the occurrence of infectious conditions is widespread.
Nowadays, the connectivity of innovations in the diagnostic testing sector and scientific instruments to advanced technologies markedly elevated laboratory functionalities. Achievement of these innovative technologies and their processes facilitates open work ground and leads to high precision and efficiency of researchers and lab techs. AI, Automation, smart stands, and analysis tools, as well as the way to miniaturize, have now become indispensable for the lab environment, which makes it easier to handle the processes and gain more accurate outcomes.
As time passes by, results become more and more required and urgent; with this in mind, laboratories must be faster and more efficient. Lab managers can create a more efficient buying process which is the retailer's main margin for survival and this can in turn largely enhance the buying operation. Furthermore, the companies that provide musical instruments and consumables to these facilities are now trying to develop a selection of their products and order procedures that will be convenient for the clients.
Key Insights
The equipment category holds the largest market share of 70% in the lab supplies market in 2023.
This dominance is mainly caused by the established demand of such quality instruments by pharmaceutical and biotechnology companies, R&D centers, labs, and scientific organizations.
These devices are the essential ones for conducting a number of successful experiments, tests and studies.
The instrument quality, strength and durability highly influence the accuracy and speed of the results.
The industry continuously produces appliances that facilitate labor intensity and help achieve perfect results in scientific work.
Research and development centers hold the largest market share of 40% in the end-user segment of the lab supplies market in 2023.
This dominance is attributed to the growing number of research initiatives in the biopharmaceutical, pharmaceutical, and biotechnology industries.
The increasing demand for advanced drugs and tests has fueled the expansion of research and development activities.
Consequently, there is a rising engagement of R&D labs, leading to the significant market share held by this category.
North America leads the sector due to the presence of numerous biopharmaceutical, pharmaceutical, and biotechnology giants actively engaged in R&D.
Research agencies in the region are enhancing their infrastructure with government funding.
The region's major players offer excellent data quality and track records, attracting research funds.
The incidence of serious diseases is quite high and many of these diseases are supported by government and non-government funded drug launches and clinical trials.
Europe is anticipated to boast high growth on the strength of considerable number of research institutions and increasing research grants.
Launching of solid medication safety regulations propels overall quality control activities and consequently promotes a regional market position.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by offering
- 1.4.2. Market size breakdown, by end user
- 1.4.3. Market size breakdown, by distribution channel
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Offering (2017-2030)
- 6.2.1. Product market revenue, by type (2017-2030)
- 6.2.2. Equipment market revenue, by type (2017-2030)
- 6.3. Market Revenue, by End User (2017-2030)
- 6.4. Market Revenue, by Distribution Channel (2017-2030)
- 6.5. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Offering (2017-2030)
- 7.2.1. Product market revenue, by type (2017-2030)
- 7.2.2. Equipment market revenue, by type (2017-2030)
- 7.3. Market Revenue, by End User (2017-2030)
- 7.4. Market Revenue, by Distribution Channel (2017-2030)
- 7.5. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Offering (2017-2030)
- 8.2.1. Product market revenue, by type (2017-2030)
- 8.2.2. Equipment market revenue, by type (2017-2030)
- 8.3. Market Revenue, by End User (2017-2030)
- 8.4. Market Revenue, by Distribution Channel (2017-2030)
- 8.5. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Offering (2017-2030)
- 9.2.1. Product market revenue, by type (2017-2030)
- 9.2.2. Equipment market revenue, by type (2017-2030)
- 9.3. Market Revenue, by End User (2017-2030)
- 9.4. Market Revenue, by Distribution Channel (2017-2030)
- 9.5. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Offering (2017-2030)
- 10.2.1. Product market revenue, by type (2017-2030)
- 10.2.2. Equipment market revenue, by type (2017-2030)
- 10.3. Market Revenue, by End User (2017-2030)
- 10.4. Market Revenue, by Distribution Channel (2017-2030)
- 10.5. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Offering (2017-2030)
- 11.2.1. Product market revenue, by type (2017-2030)
- 11.2.2. Equipment market revenue, by type (2017-2030)
- 11.3. Market Revenue, by End User (2017-2030)
- 11.4. Market Revenue, by Distribution Channel (2017-2030)
- 11.5. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Offering (2017-2030)
- 12.2.1. Product market revenue, by type (2017-2030)
- 12.2.2. Equipment market revenue, by type (2017-2030)
- 12.3. Market Revenue, by End User (2017-2030)
- 12.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Offering (2017-2030)
- 13.2.1. Product market revenue, by type (2017-2030)
- 13.2.2. Equipment market revenue, by type (2017-2030)
- 13.3. Market Revenue, by End User (2017-2030)
- 13.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Offering (2017-2030)
- 14.2.1. Product market revenue, by type (2017-2030)
- 14.2.2. Equipment market revenue, by type (2017-2030)
- 14.3. Market Revenue, by End User (2017-2030)
- 14.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Offering (2017-2030)
- 15.2.1. Product market revenue, by type (2017-2030)
- 15.2.2. Equipment market revenue, by type (2017-2030)
- 15.3. Market Revenue, by End User (2017-2030)
- 15.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Offering (2017-2030)
- 16.2.1. Product market revenue, by type (2017-2030)
- 16.2.2. Equipment market revenue, by type (2017-2030)
- 16.3. Market Revenue, by End User (2017-2030)
- 16.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Offering (2017-2030)
- 17.2.1. Product market revenue, by type (2017-2030)
- 17.2.2. Equipment market revenue, by type (2017-2030)
- 17.3. Market Revenue, by End User (2017-2030)
- 17.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Offering (2017-2030)
- 18.2.1. Product market revenue, by type (2017-2030)
- 18.2.2. Equipment market revenue, by type (2017-2030)
- 18.3. Market Revenue, by End User (2017-2030)
- 18.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Offering (2017-2030)
- 19.2.1. Product market revenue, by type (2017-2030)
- 19.2.2. Equipment market revenue, by type (2017-2030)
- 19.3. Market Revenue, by End User (2017-2030)
- 19.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Offering (2017-2030)
- 20.2.1. Product market revenue, by type (2017-2030)
- 20.2.2. Equipment market revenue, by type (2017-2030)
- 20.3. Market Revenue, by End User (2017-2030)
- 20.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Offering (2017-2030)
- 21.2.1. Product market revenue, by type (2017-2030)
- 21.2.2. Equipment market revenue, by type (2017-2030)
- 21.3. Market Revenue, by End User (2017-2030)
- 21.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Offering (2017-2030)
- 22.2.1. Product market revenue, by type (2017-2030)
- 22.2.2. Equipment market revenue, by type (2017-2030)
- 22.3. Market Revenue, by End User (2017-2030)
- 22.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Offering (2017-2030)
- 23.2.1. Product market revenue, by type (2017-2030)
- 23.2.2. Equipment market revenue, by type (2017-2030)
- 23.3. Market Revenue, by End User (2017-2030)
- 23.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Offering (2017-2030)
- 24.2.1. Product market revenue, by type (2017-2030)
- 24.2.2. Equipment market revenue, by type (2017-2030)
- 24.3. Market Revenue, by End User (2017-2030)
- 24.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Offering (2017-2030)
- 25.2.1. Product market revenue, by type (2017-2030)
- 25.2.2. Equipment market revenue, by type (2017-2030)
- 25.3. Market Revenue, by End User (2017-2030)
- 25.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Offering (2017-2030)
- 26.2.1. Product market revenue, by type (2017-2030)
- 26.2.2. Equipment market revenue, by type (2017-2030)
- 26.3. Market Revenue, by End User (2017-2030)
- 26.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Offering (2017-2030)
- 27.2.1. Product market revenue, by type (2017-2030)
- 27.2.2. Equipment market revenue, by type (2017-2030)
- 27.3. Market Revenue, by End User (2017-2030)
- 27.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Offering (2017-2030)
- 28.2.1. Product market revenue, by type (2017-2030)
- 28.2.2. Equipment market revenue, by type (2017-2030)
- 28.3. Market Revenue, by End User (2017-2030)
- 28.4. Market Revenue, by Distribution Channel (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Bio-Rad Laboratories Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Bruker Corporation
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Danaher Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Agilent Technologies Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Merck KGaA
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Sartorius AG
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Shimadzu Corporation
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Thermo Fisher Scientific Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
