Lab Supplies Market Scope
Lab Supplies provides lab equipments for science laboratories. These supplies are used in schools, universities, colleges, as well as in pharmaceutical & biotechnology research labs. These supplies include vials, closures, syringes, and other sample containment products, as well as fittings, tubing, and gas management component required for analytics. They provide accurate and reproducible results useful in clinical researches. The increasing number of testing organizations is anticipated to boost the market growth in coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | PerkinElmer Inc. (United States), VWR International, LLC (United States), Thermo Fisher Scientific (United States), Waters Corporation (United States), Merck & Co., Inc. (United States), Danaher Corporation (United States), Spectrum Chemical Manufacturing Corp. (United States), Pace Analytical Services, LLC (United States), Eppendorf AG (Germany), Agilent Technologies, Inc. (United States) and Hettich Instruments (United States) |
CAGR | % |
Competition among existing players is due to the Lab Supplies market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Lab Supplies Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.
PerkinElmer Inc. (United States), VWR International, LLC (United States), Thermo Fisher Scientific (United States), Waters Corporation (United States), Merck & Co., Inc. (United States), Danaher Corporation (United States), Spectrum Chemical Manufacturing Corp. (United States), Pace Analytical Services, LLC (United States), Eppendorf AG (Germany), Agilent Technologies, Inc. (United States) and Hettich Instruments (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Waters Corporation (United States), Bruker (United States) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lab Supplies market by Type and Region with country level break-up.
On the basis of geography, the market of Lab Supplies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2023, Scientific Laboratory Supplies (SLS), a supplier of laboratory equipment, materials, and supplies based in the United Kingdom, announced the acquisition of C&M Scientific, a scientific calibration, maintenance, and validation company also based in the UK.
In March 2022, Spectrum Chemical Mfg. Corp, a leading global provider of fine chemicals, laboratory equipment and supplies, announced it has added 12 new products to its rapidly growing bioCERTIFIED quality management system and chemicals portfolio for biopharmaceutical manufacturing.
Influencing Trend:
Demand for Laboratory Automation
Market Growth Drivers:
Rise in the Number of Testing Organizations and Increasing Research Activity in the Pharmaceutical and Biotechnology Industries
Challenges:
Requirement of Complying with Certain Regulations
Restraints:
High Costs Associated with the Manufacturing and Rising Raw Material Prices
Opportunities:
Increasing Demand from Educational & Research Institutes, Government Funding to Support Research Activities and Escalating Online Sales of Lab Supplies
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Lab Supplies Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders,and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End User Industry