IMARC Group, a leading market research company, has recently releases report titled “Laboratory Equipment and Disposables Market Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global laboratory equipment and disposables market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Laboratory equipment and disposables are crucial elements used in a variety of scientific and medical research contexts. Disposables include single-use items like gloves, pipette tips, and test tubes, and equipment refers to robust machinery, instruments, or gadgets that carry out specialized tasks. They are made from specialized materials, such as stainless steel or borosilicate glass, that go through exhaustive testing to ensure their effectiveness and longevity. They are often manufactured in a sterile atmosphere to reduce the danger of contamination. They guarantee precise and dependable outcomes by acting as the foundation of scientific research and medical diagnostics. They offer various advantages, including higher productivity and the delivery of trustworthy data.

The global laboratory equipment and disposables market size reached US$ 35.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

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What are the growth prospects and trends in the laboratory equipment and disposables industry?

At present, the rising research in clean energy technologies like fuel cells and energy storage, represents one of the crucial factors impelling the market growth. Additionally, the increasing utilization of laboratory equipment and disposables by the biotechnology and pharmaceutical industries in drug development, clinical trials, and quality control is supporting the market growth. Besides this, the growing shift towards personalized medicine requires sophisticated laboratory equipment to analyze individual genetic data to provide customized treatments to patients. Moreover, the rising ease of procurement through online channels and the expansion of distribution networks are making laboratory equipment accessible to more buyers.

In addition, the increasing adoption of precision agriculture practices, which rely on data-driven decision-making, requires laboratory equipment for soil testing, crop analysis, and pesticide residue detection. Furthermore, the growing implementation of stringent quality control and regulatory requirements in industries like healthcare and pharmaceuticals necessitates the use of precise and compliant laboratory equipment. Apart from this, the rising concerns about biosecurity and the need to detect and respond to biological threats are encouraging investments in laboratory equipment for pathogen detection and analysis.

Additionally, the increasing emphasis on sustainability in research and manufacturing is driving the adoption of eco-friendly laboratory equipment and disposables. Moreover, the growing integration of artificial intelligence (AI) and automation technologies into laboratory equipment to streamline research processes, reduce human error, and enhance efficiency is positively influencing the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

  • Equipment
    • 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
    • Pipettes
    • Tips
    • Tubes
    • Cuvettes
    • Dishes
    • Gloves
    • Masks
    • Cell Imaging Consumables
    • Cell Culture Consumables

Breakup by End Use:

  • Hospitals
  • Laboratories
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Agilent Technologies Inc.
  • Bio-Rad Laboratories Inc.
  • Bruker Corporation
  • FUJIFILM Irvine Scientific Inc (FUJIFILM Holdings Corporation)
  • PerkinElmer Inc.
  • Sartorius AG
  • Shimadzu Scientific Instruments Incorporated (Shimadzu Corporation)
  • Siemens Healthcare GmbH (Siemens AG)
  • Sysmex Corporation
  • Thermo Fisher Scientific Inc.
  • Waters Corporation

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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