Laboratory Accessories Market Expansion 2024-2033: Growth Drivers and Dynamics

The laboratory accessories global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Laboratory Accessories Market, 2024 The laboratory accessories global market report 2024

Market Size –
The laboratory accessories market size has grown strongly in recent years. It will grow from $567.02 billion in 2023 to $613.47 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to growth in life sciences research and clinical laboratory testing, increasing the prevalence of various infectious diseases, increasing the demand for laboratory testing, increasing focus on global health issues, and increasing the number of hospitals.

The laboratory accessories market size is expected to see strong growth in the next few years. It will grow to $845.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to the growth of laboratory infrastructure in emerging economies, increasing emphasis on eco-friendly and sustainable laboratory practices, increasing demand for compatible accessories, increasing research and development of drug therapies, and rise in the number of diagnostic tests. Major trends in the forecast period include advancements in laboratory technology, automation and digital solutions, technological advancements, smart lab technologies, and integration of artificial intelligence (AI) and machine learning (ML) into laboratory processes.

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Scope Of Laboratory Accessories Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Laboratory Accessories Market Overview

Market Drivers –
The rise in diagnostic tests is expected to propel the growth of the laboratory accessories market going forward. Diagnostic tests refer to medical procedures designed to identify the presence, nature, or cause of a disease or condition in patients. The rise in diagnostic tests is due to increasing healthcare access, the need for chronic disease management, heightened patient expectations, and genetic testing. Laboratory accessories are integral to every stage of the diagnostic testing process, from sample collection and preparation to analysis and documentation. They ensure the accuracy, efficiency, and safety of diagnostic tests, ultimately leading to reliable and actionable results for patient care. For instance, in November 2023, according to the Diagnostic Imaging Dataset Annual Statistical, a UK-based government organization, England reported 45.0 million imaging tests in March 2023, marking an increase from 44.0 million in the previous year, which represents a growth of 2.2%. Therefore, the rising number of diagnostic tests drives the laboratory accessories market.

Market Trends –
Major companies operating in the laboratory accessories market are focused on developing innovative products, such as the automated plasmid purification system, to provide high-throughput solutions, improve reproducibility, and support cutting-edge applications in molecular biology, clinical diagnostics, and pharmaceutical development. An automated plasmid purification system is an advanced laboratory device designed to streamline the process of isolating plasmid DNA (pDNA) from bacterial cultures without manual intervention. For instance, in June 2024, Thermo Fisher Scientific, a US-based life science and clinical research company, launched Thermo Scientific KingFisher PlasmidPro Maxi Processor, a fully automated maxi-scale plasmid DNA (pDNA) purification system. This system is designed to streamline the purification process, thereby enhancing the efficiency of laboratory workflows involved in the discovery and development of therapies. This innovation aims to reduce manual errors and increase throughput, focusing on molecular biology and genetic research.

The laboratory accessories market covered in this report is segmented –

1) By Product Type: Instruments, Glassware, Lab Tables, Consumables, Other Product Types
2) By Laboratory Type: Clinical And Diagnostics Labs, Pharma, Biotech, And Medical Device Companies, Academic And Research Lab, Other Laboratory Types
3) By Application: Academic, Hospitals, Private Laboratories, Biotechnology, Other Applications

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Regional Insights –
North America was the largest region in the laboratory accessories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laboratory accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies in the market are Thermo Fisher Scientific Inc., The Merck Group, Agilent Technologies Inc., Sartorius AG, PerkinElmer Inc., Mettler-Toledo International Inc., Endress+Hauser Group Services AG, Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Horiba Ltd., Eppendorf AG, Metrohm AG, Hamilton Company, Analytik Jena AG, Labconco Corporation, Rigaku Corporation, Biotix Inc., SP Industries Inc, Corning Incorporated, Tecan Group Ltd.

Table of Contents

1. Executive Summary
2. Laboratory Accessories Market Report Structure
3. Laboratory Accessories Market Trends And Strategies
4. Laboratory Accessories Market – Macro Economic Scenario
5. Global Laboratory Accessories Market Size and Growth
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32. Global Laboratory Accessories Market Competitive Benchmarking
33. Global Laboratory Accessories Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Laboratory Accessories Market
35. Laboratory Accessories Market Future Outlook and Potential Analysis
36. Appendix

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