Laboratory Disposable Market Size, Share Report, Analysis, Trends, Growth, 2030

Laboratory Disposable Industry Prospective:

The global laboratory disposable market size was evaluated at $15 billion in 2022 and is slated to hit $18 billion by the end of 2030 with a CAGR of nearly 3.2% between 2023 and 2030.

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Laboratory Disposable Market: Overview

Laboratory disposables are made mainly from paper, cotton, polystyrene foam, and plastics. Moreover, lab disposables are a class of consumable items which help in the prevention of various kinds of contaminations in the labs. During clinical trials & experiments & various kinds of diagnostic tests, lab disposables offer successful outcomes. Moreover, these products cannot be reused and help in the elimination of the requirement for reprocessing. They can be sterilized as per the healthcare needs and are chemically resistant. For the record, these medical devices find a slew of applications in pharmaceutical firms, research institutions, and diagnostic labs.

Key Insights

• As per the analysis shared by our research analyst, the global laboratory disposable market is projected to expand annually at the annual growth rate of around 3.2% over the forecast timespan (2023-2030)
• In terms of revenue, the global laboratory disposable market size was evaluated at nearly $15 billion in 2022 and is expected to reach $18 billion by 2030.
• The global laboratory disposable market is anticipated to grow rapidly over the forecast timeline owing to thriving medical tourism activities across the globe.
• In terms of type, the specimen containers segment is slated to register the highest CAGR over the analysis period.
• Based on the end-user, the diagnostics laboratories segment is set to dominate the end-user segment over the forecast period.
• Region-wise, the Asia-Pacific laboratory disposable industry is projected to register the fastest CAGR during the assessment timeline.

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Laboratory Disposable Market: Growth Factors

Increase in medical tourism activities will prop up the scope of the global market surge

Expansion of the laboratory disposable market across the globe can be credited to thriving medical tourism activities across the globe. In addition to this, disposable products ensure patient safety and reduce the chance of contamination as well as hospital-acquired infections, thereby driving the global market trends. Furthermore, technological breakthroughs in the healthcare sector and an increase in the private & public investments in the medical sector will impel the global market expansion.

Growing need for lab disposables in healthcare activities owing to their beneficial features such as lightweight, biocompatibility, and cost-efficiency will expand the size of the global market in the years ahead. Huge demand for gloves, test tubes, and Petri dishes will proliferate the size of the market across the globe. New product launches will make notable contributions to the global market proceeds in the upcoming years. In September 2017, Tecan Company introduced a new kind of Liquid Handling (LiHa) disposable tips intended to be utilized with Cavro® ADP, Air LiHa™, and Air FCA™.    

Laboratory Disposable Market: Restraints

High product costs can restrict global industry expansion by 2030

Rising costs of products and strict regulatory framework can hinder the expansion of the global laboratory disposable industry.

Laboratory Disposable Market: Opportunities

High product demand in research institutes & hospitals will open a new growth phase for the global industry

Massive product demand across research institutes, hospitals, clinics, and diagnostic centers will open new growth opportunities for the global laboratory disposable market in the upcoming years. Surge in the research activities in the biotech, pharmaceutical, and microbiology sectors will prompt global market expansion.

Laboratory Disposable Market: Challenges

Oscillations in government policies can adversely impact the growth of the industry across the globe

Changes in the government rules regarding the use of the product in healthcare centers can prove to be a big challenge in the growth path of the global laboratory disposable industry.

Laboratory Disposable Market: Segmentation

The global laboratory disposable market is sectored into type, end-user, and region.        

In type terms, the global laboratory disposable market is segregated into transport vials, specimen containers, collection & transport swabs, and tissue collectors segments. Furthermore, the specimen containers segment, which gained nearly 57% of the global market revenue in 2022, is expected to record the highest CAGR in the forecasting timespan. The growth of the segment in the forecasting years can be due to the escalating acceptance of the product in laboratory testing globally along with technological breakthroughs in the equipment resulting in favorable outcomes.

Based on the end-user, the global laboratory disposable industry is sectored into pathology labs, diagnostics laboratories, and academic & research institutes segments. Moreover, the diagnostics laboratories segment, which amassed a huge share of the global industry in 2022, is expected to establish segmental dominance over the projected timespan. The segmental growth over the projected timeline can be subject to the convenient accessibility of laboratory disposables in diagnostics & testing labs. In addition, patients in both emerging economies and developed nations prefer diagnostics labs owing to easy access to skilled personnel and favorable government policies towards product use in the diagnostics labs.

Laboratory Disposable Market: Report Scope

Laboratory Disposable Market: Regional Insights

North America is anticipated to maintain its global market leadership position over the assessment timeframe

North America, which contributed about 70% of the global laboratory disposable market earnings in 2022, will be a dominant region globally over the expected timeframe. Furthermore, the regional market surge can be attributed to the increase in the allocation of funds by government and private players for producing advanced laboratory disposable products in Canada and the U.S. Presence of key manufacturers in the region will further spike the growth of the market in the region.

Asia-Pacific laboratory disposable industry is set to register the fastest CAGR in the next couple of years owing to the presence of strong healthcare infrastructure facilities, a huge elderly population, growing awareness about product benefits, and launching of new & cost-effective products. Apart from this, a rise in healthcare spending will further drive the regional market growth in the Asia-Pacific region. Additionally, a rise in the national income and the growing focus of various governments to improve healthcare amenities in countries such as India and Bangladesh will push the regional market size.

Laboratory Disposable Market: Competitive Space

The global laboratory disposable market profiles key players such as:

• Avantor Inc.
• 3M Corp
• BRAND GmbH and Co. KG
• BioTC Labware
• Cardinal Health Inc.
• Crystalgen Inc.
• Becton Dickinson and Co.
• CELLTREAT Scientific Products
• Eppendorf AG
• Thermo Fisher Scientific Inc.
• Bio Rad Laboratories Inc.
• Gerresheimer AG
• GENFOLLOWER BIOTECH Co. Ltd.
• Greiner Bio-One International GmbH
• Agilent Technologies Inc.
• Simport Scientific Inc.
• Labcon North America
• Heathrow Scientific LLC
• Labtech Disposables
• Corning Inc.
• QIAGEN NV
• BIO PLAS Inc.
• Surgeine Healthcare India Pvt. Ltd.

The global laboratory disposable market is segmented as follows:

By Type

• Specimen Containers
• Transport Vials
• Collection and Transport Swabs
• Tissue Collectors

 By End-User

• Diagnostics Laboratories
• Pathology Labs
• Academic and Research Institutes

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa