How Has the Laboratory Accessories Market Size Evolved in Recent Years?
The laboratory accessories market has seen considerable growth due to a variety of factors.
• The laboratory accessories market has experienced strong growth in recent years, expected to increase from $613.47 billion in 2024 to $665.58 billion in 2025, growing at a CAGR of 8.5%.
This growth is driven by the expansion of life sciences research and clinical laboratory testing, the rise in infectious diseases, increased demand for laboratory testing, heightened focus on global health issues, and the rising number of hospitals.
What Is The Forecast For The Laboratory Accessories Market Size?
The laboratory accessories market is expected to maintain its strong growth trajectory in upcoming years.
• The laboratory accessories market is set to reach $915.07 billion by 2029, growing at a CAGR of 8.3%.
Growth is attributed to the expansion of laboratory infrastructure in emerging economies, increased demand for compatible accessories, and a rise in diagnostic tests. Major trends include advancements in lab technology, automation, AI and machine learning integration, and smart lab solutions.
What Are The Essential Drivers Behind The Growth Of The Laboratory Accessories Market?
The rising number of diagnostic tests is expected to drive the growth of the laboratory accessories market. The increasing need for chronic disease management and genetic testing contributes to the growing demand for diagnostic testing. Laboratory accessories are essential in ensuring the accuracy and safety of these tests. In November 2023, the Diagnostic Imaging Dataset reported a 2.2% increase in imaging tests in England, further driving the need for laboratory accessories.
How Is The Global Laboratory Accessories Market Divided Into Key Segments?
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
Subsegments:
1) By Instruments: Laboratory Analyzers Or Centrifuges Or Microscopes Or Spectrophotometers Or Ph Meters
2) By Glassware: Beakers Or Flasks Or Test Tubes Or Pipettes And Burettes Or Petri Dishes
3) By Lab Tables: Workbenches Or Laboratory Island Tables Or Height-Adjustable Lab Tables Or Chemical-Resistant Tables
4) By Consumables: Gloves And Lab Coats Or Filters And Membranes Or Test Strips Or Disposable Pipettes Or Culture Media
5) By Other Product Types: Lab Safety Equipment Or Storage Solutions Or Lab Cleanliness Products
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How Are Emerging Trends Reshaping The Dynamics Of The Laboratory Accessories Market?
Leading businesses within the laboratory accessories market are striving to create innovative items such as the automated plasmid purification system. This tactic is intended to deliver high-throughput solutions, enhance repeatability, and aid in the advancement of molecular biology, clinical diagnosis and pharmaceutical production domains. The automated plasmid purification system is a sophisticated lab gadget developed to simplify the plasmid DNA (pDNA) extraction process from bacterial cultures, eliminating the need for human involvement. For instance, Thermo Fisher Scientific, a US life science and clinical study firm, initiated the Thermo Scientific KingFisher PlasmidPro Maxi Processor in June 2024. This fully automated maxi-scale plasmid DNA (pDNA) purification system is structured to expedite the purification process and improve the efficacy of lab operations related to therapy discovery and development. The intent of this innovation is to minimise human errors, boost throughput, and prioritise molecular biology and genetic research.
Who Are the Key Players In The Laboratory Accessories Market?
Major companies operating in the laboratory accessories 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.
What Are The Regional Insights Into The Laboratory Accessories Market?
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.
