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2023

Laboratory Equipment and Disposables Market

Laboratory Equipment and Disposables Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type : Global Opportunity Analysis and Industry Forecast, 2022-2031

LS : Medical Devices & Supplies

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Author's: Swapna Singh | Roshan Deshmukh
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Laboratory Equipment and Disposables Market Research, 2031

The global laboratory equipment and disposables market size was valued at $30,012.81 million in 2021, and is projected to reach $53,273.02 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031. Laboratory equipment and disposables are the tools and instruments used in a laboratory to perform experiments, analyze samples, and conduct research. This mainly includes instruments such as microscopes, centrifuges, spectrophotometers, autoclaves, incubators, and other disposables such as test tubes, petri dishes, pipette tips and others. Laboratory equipment and disposables have a wide range of applications in various industries, including drug development laboratories, microbiology labs, biotechnology, research institutes, and many others. These industries rely heavily on laboratory equipment and disposables to conduct experiments, analyze samples, and carry out research and development activities.  

Laboratory Equipment and Disposables Market

In drug development laboratories, laboratory equipment and disposables are used to test and analyze new drugs and compounds for their efficacy, toxicity, and other properties and in microbiology labs, it is used to culture and identify microorganisms, test antimicrobial agents, and perform other microbiological assays.    

Historical Overview 

The market was analyzed qualitatively and quantitatively from 2017 to 2025. The laboratory equipment market and disposables market is expected to witness growth at a CAGR of around 5.7% during 2018-2025. Most of the growth during this period was derived from the Asia-Pacific owing to rise in adoption of clinical diagnostic testing; increase in disposable income; surge in research, development, & innovation activities; and growth in awareness related to disease prevention and early testing of diseases.    

Market Dynamics 

The growth of the laboratory equipment and disposables market share is mainly attributed to the growth and innovations that take place in the medical equipment industry. With the rapid advancements in technology, new and advanced laboratory equipment is being introduced into the market, which offers more accurate and efficient results. This has led to an increase in adoption of this advanced equipment by various end-users such as hospitals, diagnostic centers, and research institutions. Additionally, there is a growing focus on improving healthcare outcomes, which has led to the adoption of advanced laboratory equipment for faster and more accurate diagnosis and treatment of various diseases, which boosts the laboratory equipment and disposables market growth. 

In addition, the increase in R&D activities in sectors such as microbiology, biotechnology and pharmaceutical industry is also increasing the demand for disposables. There is a huge demand for test tubes, petri dishes, gloves, cell media and other cell culture consumables, which is anticipated to drive the growth of laboratory equipment and disposables market share. Furthermore, the development of new and innovative drugs, vaccines, and other biopharmaceuticals has led to an increase in demand for laboratory disposables, which is expected to drive the growth of the disposable segment in the coming years. Also, the growing focus on personalized medicine and increasing use of cell-based therapies are also expected to increase the demand for laboratory disposables such as cell culture media, which are used in the production of these therapies.  

In addition, favorable insurance policies regarding lab equipment also contribute to the market's expansion.  However, the high price of cutting-edge laboratory equipment and the scarcity of clinical laboratories in some countries restrain market expansion.  Moreover, rising market potential in emerging nations and increasing acceptance of clinical diagnostic testing offer lucrative opportunities for market expansion. 

The outbreak of COVID-19 has indeed led to a significant increase in the demand for laboratory equipment and disposables, as they play a crucial role in detecting, treating, and controlling the spread of the virus. The PCR machines and test kits were in high demand for detecting the presence of the virus in patients, allowing early diagnosis and treatment. The disposable gloves, masks, PPE kits, and other personal protective equipment were used by healthcare workers to prevent the spread of the virus while collecting and processing samples. This propelled the growth of the market in COVID-19 and positively impacted the market growth.  

The COVID-19 pandemic has highlighted the critical role of laboratory equipment and disposables in managing infectious diseases and has highlighted the need for increased investment in R&D of new and innovative laboratory tools to combat future pandemics. However, the increase in demand for laboratory equipment and disposables also led to a strain on the global supply chain, resulting in supply shortages and higher prices. 

Segmental Overview 

The laboratory equipment market and laboratory disposables market is segmented on the basis of product type, and region. By product type, the market is bifurcated into equipment and disposables. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA) 

Laboratory Equipment and Disposables Market
By Product Type
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Disposables segment held a dominant position in 2021 and would continue to maintain the lead over the forecast period.

By Product Type:  

The market is segmented into equipment and disposable. The disposable segment dominated the global market in 2021 and is expected to remain dominant throughout the laboratory equipment and disposables market forecast period. This growth of the disposables segment is attributed to various factors such as rise in diagnostic testing due to the rise in prevalence of infectious diseases. The COVID-19 pandemic has led to a significant increase in demand for disposable items such as gloves, masks, and other personal protective equipment (PPE), as well as laboratory disposables for COVID-19 testing and diagnosis. As a result, the disposable segment has become the largest segment in terms of revenue in 2021, as more people and organizations prioritize safety and infection control measures.  

On the other hand, the equipment segment is anticipated to grow at the fastest rate during the forecast period. This growth is attributed to several factors, including technological advancements in laboratory equipment, increased adoption of advanced laboratory equipment, and rise in awareness about the benefits of using such equipment among both the general population and healthcare community. 

Laboratory Equipment and Disposables Market
By Region
2031
North America 
Europe
Asia-Pacific
LAMEA

North America held a dominant position in 2021 and would continue to maintain the lead over the forecast period.

By Region:  

The laboratory equipment market and laboratory disposables market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major share of the laboratory equipment and disposable market in 2021 and is expected to maintain its dominance during the forecast period. 

Presence of several major players, such as Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Agilent Technologies Inc. And others have presence in this region, which is the major factor driving the market growth in North America. Technological advancements in the equipment and instruments by the key players lead to the increase in adoption of these laboratory equipment in the research institutes, research laboratories, and diagnostic laboratories. As the instruments offer high accuracy with time reduction in testing, highly advanced equipment is in high demand in this region. 

In addition, increase in prevalence of various infectious and non-infectious diseases in the U.S. and other major countries is also increasing the demand for diagnostic testing and thus, propels the growth of the laboratory equipment market and laboratory disposables market. Furthermore, the presence of well-established healthcare infrastructure, high purchasing power, and rise in adoption disposables in disease diagnosis are expected to drive the market growth. Furthermore, product launch, collaborations, and acquisitions adopted by the key players in this region boost the growth of the market. 

Asia-Pacific is expected to witness growth at the highest rate during the forecast period. The market growth in this region is attributable to presence of pharmaceutical companies in the region as well as growth in the purchasing power of populated countries, such as China and India. The Asia-Pacific laboratory equipment and disposable market is a rapidly growing market due to the increasing number of research and development activities, growing demand for diagnostics and pathology services, and rising healthcare expenditure in the region. Moreover, the effect of severe outbreaks such as COVID-19 in this region increased the demand for disposables such as masks, gloves, PPE kits, testing kits and others, which boosted the growth of the market in Asia-Pacific region.  

China, India, Japan, and South Korea are the major countries contributing to the growth of the Asia-Pacific laboratory equipment and disposable market, with China holding the largest market share. The increasing number of research and development activities, rising healthcare expenditure, and growing focus on technological advancements in these countries are driving the growth of the laboratory equipment and disposables market size in the region. In addition, the region offers profitable opportunities for key players operating in the laboratory equipment and disposable market, thereby registering the fastest growth rate during the forecast period, owing to the growing infrastructure of industries, rising disposable incomes as well as well-established presence of domestic companies in the region.  

Competitive Analysis 

Competitive analysis and profiles of the major players in the field of laboratory equipment and disposables, such as Agilent Technologies Inc., Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, FUJIFILM Holdings Corporation, PerkinElmer Inc., Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific Inc., and Waters Corporation. are provided in this report. There are some important players in the market such as Cole-Parmer Instrument Company, LLC, Esco Lifesciences Group, Spire Integrated Solutions, PHC Corporation and others. Major players have adopted product launch, expansion, product approval, acquisition and geographical expansion as key developmental strategies to improve the product portfolio of the laboratory equipment and disposable market.   

Recent product launches in the Laboratory Equipment and Disposables Market

  • In October 2022, Waters Corporation launched the Extraction+ Connected Device, a new software-controlled product for the Waters Andrew+ Pipetting Robot which automates the processing of biological, food, forensics, and environmental samples via solid phase extraction (SPE). 
  • In June 2020, Waters Corporation launched The Waters Arc HPLC System, a brand-new high-performance liquid chromatograph (HPLC) for routine testing in the pharmaceutical, food, academic, and materials markets. 
  • In June 2022, PerkinElmer, Inc. launched the GC 2400 Platform, an advanced, automated gas chromatography (GC), headspace sampler and GC/mass spectrometry (GC/MS) solution designed to help lab teams simplify lab operations. 

Acquisitions in the Laboratory Equipment and Disposables Market

  • In December 2021, Sartorius completed the acquisition of ALS Automated Lab Solutions GmbH, which develops, manufactures, and markets solutions for the automated analysis and isolation of cells. 
  • In August 2021, Sartorius acquired the cell culture specialist Xell AG headquartered in Germany which develops, produces, and markets media and feed supplements for cell cultures, thereby expanding its product portfolio and business. 
  • In July 2021, Sartorius acquired a majority stake in the reagent manufacturer CellGenix GmbH, which produces and markets cell culture components, thereby expanding its disposable products portfolio. 
  • In March 2021, PerkinElmer, Inc. announced the acquisition of ES Industries based in U.S., which has added state-of-the-art columns and chemistries to its LC consumables portfolio. 

Geographical Expansion  

In April 2021, Waters Corporation and Genovis AB formed a collaboration to develop and market comprehensive routine biopharmaceutical characterization workflows based on the Waters BioAccord LC-MS System, Andrew+ pipetting robot, and Genovis SmartEnzymes.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laboratory equipment and disposables market analysis from 2021 to 2031 to identify the prevailing laboratory equipment and disposables market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the laboratory equipment and disposables market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global laboratory equipment and disposables market trends, key players, market segments, application areas, and market growth strategies.

Laboratory Equipment and Disposables Market Report Highlights

Aspects Details
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Market Size By 2031

USD 53.3 billion

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Growth Rate

CAGR of 5.9%

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Forecast period

2021 - 2031

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Report Pages

300

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By Product Type
  • Equipment
    • Type
      • Incubators
      • Laminar Flow Hood
      • Micro Manipulation Systems
      • Centrifuges
      • Lab Air Filtration System
      • Scopes
      • Sonicators and Homogenizers
      • Autoclaves and Sterilizers
      • Spectrophotometers and Microarray Equipment
      • Others
  • Disposables
    • Type
      • Pipettes
      • Tips
      • Tubes
      • Cuvettes
      • Dishes
      • Gloves
      • Masks
      • Cell Imaging Consumables
      • Cell Culture Consumables
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Thermo Fisher Scientific Inc., Sartorius AG, Danaher Corporation, Bio-Rad Laboratories, Inc., Bruker Corporation, Agilent Technologies Inc., PerkinElmer Inc., FUJIFILM Holdings Corporation, Waters Corporation, Shimadzu Corporation

Analyst Review

This section provides opinions of top level CXOs in the global laboratory equipment and disposable market. According to the insights of CXOs, increase in prevalence of infectious diseases and other diseases such as cancer that require early screening for treatment is majorly driving the growth of the market. In addition, technological advancements have played a significant role in the growth of the laboratory equipment market. The development of new and improved laboratory equipment has increased the accuracy and efficiency of analysis outcomes, making it easier and faster to obtain reliable results. This boosted the growth of the laboratory equipment and disposables market.  

CXOs further added that increase in R&D activities in developed as well as developing regions has largely contributed in the market revenue in 2021 and is expected to maintain this trend throughout the forecast period. In addition, the key market players are focusing on investment in emerging countries which is anticipated to offer lucrative opportunities for the market during the forecast period.   

Furthermore, North America is expected to witness highest growth, in terms of revenue, owing to increase in awareness among the people regarding diagnosis and management of various disease and rise in government initiatives promoting awareness drives for early diagnosis of diseases, which lead to the growth of the market. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in investments for manufacturing of laboratory equipment and disposable and upsurge in healthcare expenditure in the emerging economies such as India and China. 

Author Name(s) : Swapna Singh | Roshan Deshmukh
Frequently Asked Questions?

The upcoming trends of Laboratory Equipment and Disposables Market includes growth and innovations that take place in the medical equipment industry. With the rapid advancements in technology, new and advanced laboratory equipment is being introduced into the market.

Increasing diseases are the leading application of Laboratory Equipment and Disposables Market.

North America is the largest regional market for Laboratory Equipment and Disposables.

The global laboratory equipment and disposables market was valued at $30,012.81 million in 2021, and is projected to reach $53,273.02 million by 2031, registering a CAGR of 5.9% from 2022 to 2031.

Major Key players that operate in the laboratory equipment and disposables market are Agilent Technologies Inc., Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, FUJIFILM Holdings Corporation, PerkinElmer Inc., Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific Inc., and Waters Corporation.

Yes, the Laboratory Equipment and Disposables market report provides PORTER Analysis

The base year is 2021 in Laboratory Equipment and Disposables market.

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Laboratory Equipment and Disposables Market

Global Opportunity Analysis and Industry Forecast, 2022-2031