Lab Accessories Market Insights:
The Lab Accessories Market size was valued at USD 582 Million in 2022, expecting a CAGR of 6.7% during the forecast period (2023-2030), and the market is projected to be worth USD 977.77 Million by 2030.
Driver:
The increased adoption of Lab Accessories in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Lab Accessories also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Lab Accessories in many sectors also boosts the market growth during the forecast period.
Lab accessories are a broad range of equipment and tools that are used in laboratory settings to perform experiments, research, and other scientific activities. These accessories can include a wide range of items, from basic laboratory equipment such as pipettes and test tubes to more specialized equipment like centrifuges and chromatography columns. Lab accessories are essential tools for researchers and laboratory personnel, and are used in a wide range of scientific fields, including chemistry, biology, physics, and engineering. Advances in technology and materials science have led to the development of many specialized lab accessories, allowing researchers to perform increasingly complex experiments and analyze more complex samples.
Lab Accessories Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Lab Microplates, Lab Label Printers, Lab Pipettes, Lab Pumps, Lab Reagent Reservoirs, Lab Valves, Lab Tubings), By End Use (OEMs, Biotechnology and Pharmaceutical Companies, Hospitals and Private Laboratories, Academic Institutes, Research Institutes), and companies (Thermo Fisher Scientific Inc., Analytik Jena AG, Biotix Inc., Vistalab Technologies Inc., Bio Rad Laboratories Inc., Brooks Automation Inc., BD, Corning Incorporated, Greiner Bio-One International GmbH, Hamilton Company, Parker Hannifin Corporation, Heidolph Instruments GmbH & Co. KG, Gilson Inc., HNP Mikrosyteme GmbH, Verderflex), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.7%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 977.77 Million |
| CAGR (2023-2030) | 6.7% |
| By Type | Lab Microplates, Lab Label Printers, Lab Pipettes, Lab Pumps, Lab Reagent Reservoirs, Lab Valves, Lab Tubings |
| By End Use | OEMs, Biotechnology and Pharmaceutical Companies, Hospitals and Private Laboratories, Academic Institutes, Research Institutes |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Thermo Fisher Scientific Inc., Analytik Jena AG, Biotix Inc., Vistalab Technologies Inc., Bio Rad Laboratories Inc., Brooks Automation Inc., BD, Corning Incorporated, Greiner Bio-One International GmbH, Hamilton Company, Parker Hannifin Corporation, Heidolph Instruments GmbH & Co. KG, Gilson Inc., HNP Mikrosyteme GmbH, Verderflex |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Lab Accessories market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Thermo Fisher Scientific Inc., Analytik Jena AG, Biotix Inc., Vistalab Technologies Inc., Bio Rad Laboratories Inc., Brooks Automation Inc., BD, Corning Incorporated, Greiner Bio-One International GmbH, Hamilton Company, Parker Hannifin Corporation, Heidolph Instruments GmbH & Co. KG, Gilson Inc., HNP Mikrosyteme GmbH, Verderflex
Market Segment Analysis:
By Type
- Lab Microplates
- Lab Label Printers
- Lab Pipettes
- Lab Pumps
- Lab Reagent Reservoirs
- Lab Valves
- Lab Tubings
By End Use
- OEMs
- Biotechnology and Pharmaceutical Companies
- Hospitals and Private Laboratories
- Academic Institutes
- Research Institutes
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Lab Accessories industries in the region.
Key Lab Accessories Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Lab Accessories Market segments.
– Largest Market Share Held by Industry to Industry for Lab Accessories
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Lab Accessories Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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