Global Lab Accessories Market Size, Share, Trends, Growth 2032

Global Lab Accessories Market Insights

According to a report from Zion Market Research, the Global Lab Accessories Market was valued at USD 1376.3 Million in 2023 and is projected to hit USD 2904.49 Million by 2032, with a compound annual growth rate (CAGR) of 7.8% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Global Lab Accessories Market industry over the next decade.

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Lab Accessories Market Introduction

Lab accessories refer to the tools that are utilized for carrying out scientific research on experiments. It can be utilized for imparting teaching of science though conducting of practical experiments. Lab accessories are utilized in clinics, pathologic units, hospitals, diagnostic centers, and hospitals. Equipment used in labs includes general lab instrument glassware, lab instrument, and consumables.  Technological breakthroughs has helped in minimizing the error during the production of lab apparatus and improving its efficiency, thereby creating lucrative growth avenues for lab accessories market in the years ahead.

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Lab Accessories Market Growth Drivers

Constant product innovations with lucrative need for lab equipment will steer the expansion of lab accessories market over the forecast timespan.  Swift technological breakthroughs are predicted to steer the market expansion over the years ahead. Escalating demand for lab automation will translate into massive need for laboratory accessories, thereby driving the industry trends. In addition to this, laboratory automation minimizes the cost & time and finds numerous applications in combinatorial chemistry, bio-repositories, analytical testing, and screening. This, in turn, will steer the expansion of the lab accessories industry over the forecasting timeframe.

Moreover, rise in the drug discoveries, swift surge in the disease outbreaks, and awareness about the use of particular lab apparatus will drive the market growth.  Nonetheless, huge costs needed for setting up lab accessory and requirement for massive funding of research activities will impede the expansion of lab accessories industry over the forecast timeframe.

However, enforcement of Affordable Care Act in the U.S. and execution of Big Data to Knowledge scheme by NIH will upswing the growth graph of lab accessories market in the upcoming years.

Global Lab Accessories Market: Report Scope

North America To Make Huge Contributions Towards Overall Market Size By 2032

The growth of the lab accessories industry in the sub-continent during the forecast timeframe is attributed to presence of giant hospitals & research units in the region.  Apart from this, swift acceptance of new products will positively leverage the market growth in the region. In addition to this, large number of biotechnology and microbiology firm establishments will further proliferate the regional market size in the years ahead. Apparently, there are large-number of units producing high quality laboratory device in the countries such as the U.S. and Canada. This, in turn, will transform into humungous growth of the lab accessories industry in the sub-continent over the forecast timespan.

Global Lab Accessories Market: Competitive Players

Key participants profiled in the study are

• Qiagen N.V.
• IWAKI CO., LTD
• PARKER HANNIFIN CORP
• Bio-Rad Laboratories, Inc
• ThermoFisher Scientific, Inc
• Biotix, Inc
• BD
• Gilson Incorporated
• Hamilton Company
• Watson-Marlow Fluid Technology Group
• VISTALAB TECHNOLOGIES, INC
• HNP Mikrosysteme GmbH
• Endress+Hauser Management AG
• Corning Incorporated
• Brooks Automation, Inc
• Cole-Parmer Instrument Company, LLC
• Heidolph Instruments GmbH & Co.KG
• CHARLES AUSTEN PUMPS
• Sapphire Engineering UK Ltd

The global lab accessories market is segmented as follows:

By Type

• Microplates
• Microplate Storage Racks
• Well Orienters
• Well Stands
• Label Printers
• Pipettes
• Pumps
• Reagent Reservoirs
• Valves
• Tubings
• Wash Stations Muscle

By End-User

• Original Equipment Manufacturers OEMs
• Biotechnology & Pharmaceutical Companies
• Hospitals
• Private Laboratories
• Academic Institutes 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