| A12475 | Pages: 266 | Jul 2021 | 1441 Views | ||
| Author(s) : Linu Dash , Onkar Sumant | Tables: 117 | Charts: 38 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Laboratory Ware Market
Request Now !The global laboratory ware market size was valued at $6,730.0 million in 2020, and is projected to reach $11,918.0 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.
The COVID-19 outbreak is anticipated to have a positive impact on the growth of the global laboratory ware market. The COVID-19 pandemic has stressed the healthcare systems in the world and increased the need for diagnosis of COVID-19. The increase in number of COVID-19 cases, surge the demand for diagnostic testing, which is an integral part of delivering patient care and controlling the spread of the disease.
Laboratory ware is defined as the equipment used in laboratory for scientific work, which is made of plastic and glass. Laboratory ware such as volumetric flasks, conical flask, beakers, vials, pipettes, burettes, measuring cylinders and test tube are used in the laboratory. The right selection of laboratory ware is important while conducting research. The glassware offers high clarity, which enhances visibility of content and provides accurate recording of volume. The plasticware are easy to handle, low cost and flexible in nature.
Get more information on this report : Request Sample Pages
Growth of the global laboratory ware market is majorly driven by an increase in demand for plasticware; rise in funding and investment from private & government organizations for research activities and diagnostic service; rise in prevalence of chronic disease; and increase in number of research laboratories. For instance, in February 2021, the Government of Telangana and Cytiva, a global life science leader, announced to strengthen the Biopharma industry with the development of new fast track lab in India having 10,000 square foot lab. According to India Brand Equity Foundation (IBEF), in 2019, it was reported that the Government of India launched several initiatives, programs to enhance and promote research in academic institutions. In addition, the rising interest of students toward innovation for development of novel therapeutics and research activities, surge the need for laboratory in academic institutions. The use of laboratory ware also has its application in forensic research laboratories for the detection, storing and analysis of biological sample collected from crime spot. Rising prevalence of self-care diagnosis and growing demand for the early diagnosis test are the key factors for the growth of the market.
However, concerns related to brittle nature of glass is expected to restrict the laboratory ware market growth during the forecast period.
The laboratory ware market is segmented on the basis of product, end user, application and region. By product, the market is categorized into glassware and plasticware. The glassware segment is further classified into pipette & pipette tips, burette, storage container, beakers, flasks, petri dishes, and others. The plasticware segment is further divided into pipette & pipette tips, storage container, beakers, flasks and others.
By application, it is divided into research, diagnostic, and others. By end user, the market is fragmented into research & academic institutes, hospitals and diagnostic centers and others.
Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Depending on product, the glassware segment dominated the laboratory ware market in 2020, and is expected to continue this trend during the forecast period, owing to surge in demand for borosilicate glass, development in the pharmaceutical industry, and rise in number of research laboratories. However, the plasticware segment is expected to witness considerable market growth during the forecast period, owing to the development of research laboratories, an increase in cell culture and cryopreservation research and surge in demand for plastic based equipment.
Get more information on this report : Request Sample Pages
On the basis of application, the research segment dominated the market in 2020, and is expected to continue this trend during the forecast period, owing to surge in number of laboratories for research activities and initiative taken by the government for the development of research. However, the diagnostic segment is expected to witness considerable growth during the forecast period, owing to advancement in healthcare sector, surge in demand for diagnostic service center, and rise in awareness about early diagnosis of disease.
Get more information on this report : Request Sample Pages
On the basis of end user, the research and academic institutes segment dominated the market in 2020, and is expected to continue this trend during the forecast period, owing to increase in prevalence of chronic disease, advancement in research activities, and development of laboratories in academic institutions. However, the hospitals and diagnostic centers segment is expected to witness considerable growth during the forecast period, due to development in laboratory hospitals, surge in awareness about healthcare facilities, and initiative taken by the government for development of diagnostic centers.
Get more information on this report : Request Sample Pages
North America accounted for a major share in the laboratory ware market in 2020, and is expected to maintain its dominance during the forecast period, owing to rise in advancement in R&D activities for drug development, rise in prevalence of chronic disease, increase in the number of diagnostic testing and development of medical laboratories. However, Asia-Pacific is expected to register highest CAGR of xx% from 2021 to 2030, owing to increase in clinical diagnostic service, rise in government initiative for development in the pharmaceutical sector and increase in awareness about diagnosis of disease.
Get more information on this report : Request Sample Pages
Key players operating in the global laboratory ware market include Bellco glass, Inc., Corning, Inc., Crystalgen, Inc., Duran Group, Eppendorf AG, Gerresheimer AG, Metler Teledo International, Sartorious AG, Technosklo Ltd., and Thermo Fisher Scientific, Inc.
Key Benefits For Stakeholders
Key Market Segments
By Product
By Application
By End User
By Region
Key Market Players
Loading Table Of Content...
According to the CXOs of leading companies, growth of the laboratory ware market is attributed to factors such as technological advancements in healthcare sector; rise in prevalence of chronic diseases such as cancer, cardiovascular disease, hypertension, and diabetics; increase in funds from private and government organizations for development of pharmaceutical industry, and surge in demand for plasticware. The laboratory ware market gains interest of pharmaceutical companies, and chemical industry owing to surge in demand for novel therapeutic drug and personalized medicine. Moreover, the market has gained high traction in laboratory ware, such as pipette, beaker, test tube, stirrer, flask, bunchier funnel, petri dish and glass rod, in recent years as laboratory ware are used for collection, storing, mixing and analysis of the sample.
Further, North America is expected to witness highest growth, in terms of revenue, owing to rise in prevalence of chronic diseases, presence of key players, and advancements in research activities for drug development.
Asia-Pacific was the second largest contributor to the market in 2020, and is expected to register the fastest CAGR during the forecast period, owing to increase in prevalence of chronic diseases, rise in geriatric population, increase in demand for diagnostic tests, and development of pharmaceutical, biotechnology and diagnostic service center.
In addition, concern related to brittle nature of glass is anticipated to restrain the market growth during the forecast period.
A. The total market value of laboratory ware Market is $6730.0 million in 2020.
A. The forecast period in the report is from 2021 to 2030
A. The market value of laboratory ware Market in 2021 was $7167.4 Million
A. The base year for the report is 2020.
A. Yes, laboratory ware companies are profiled in the report
A. The top companies that hold the market share in laboratory ware Market are Bellco glass, Inc., Corning, Inc., Crystalgen, Inc., Duran Group, Eppendorf AG, Gerresheimer AG, Metler Teledo International, Sartorious AG, Technosklo Ltd., Thermo Fisher Scientific, Inc
A. No, there is no value chain analysis provided in the laboratory ware Market report
A. The key trends in the laboratory ware Market are increase in the prevalence of chronic diseases, rise in government initiative for drug development, surge in demand for plasticware, technological advancement in glassware production, and rise in number of clinical diagnostic service centers
Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.
10%
Discount
10%
Discount
15%
Discount
15%
Discount
Enterprise
License/PDF
20%
Discount
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
