Laboratory Equipment Market

Laboratory Equipment Market Size, Share, Growth Analysis, By Equipment Type(Specialty Equipment, General Equipment, Analytical Equipment, Others), By Contract Type(Customized Service Contract, Standard Service Contract), By Service Provider(Third-party Service Providers, OEMs, Other), By Geography(North America, Europe, Asia-Pacific, Latin America) - Industry Forecast 2024-2031

Report ID: UCMIG35J2124 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Laboratory Equipment Market Insights

Market Overview:

The global laboratory equipment market has demonstrated substantial growth, reaching a valuation of USD 14.18 billion in 2022 and projecting a robust expansion to approximately USD 39.64 billion by 2032, reflecting a commendable compound annual growth rate (CAGR) of 10.83% from 2023 to 2032. This ascent is fueled by escalating demand for advanced laboratory technologies across various industries, including healthcare, pharmaceuticals, biotechnology, and research, as organizations prioritize cutting-edge equipment to enhance efficiency and precision in their scientific endeavors. Notably, the North America region emerged as the dominant contributor to this growth in 2022, underscoring the region's technological leadership and substantial investments in research and development. As laboratories continue to play a pivotal role in driving scientific breakthroughs and innovation, the market's upward trajectory is likely to be sustained by ongoing technological advancements, collaborations, and the pursuit of new frontiers in scientific exploration.

Laboratory Equipment Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
To get more reports on the above market click here to
Get Free Sample

This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Life Sciences Tools & Services by segment aggregation, the contribution of the Life Sciences Tools & Services in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.



The market for Laboratory Equipment was estimated to be valued at US$ XX Mn in 2021.

The Laboratory Equipment Market is estimated to grow at a CAGR of XX% by 2028.

The Laboratory Equipment Market is segmented on the basis of Equipment Type, Contract Type, Service Provider, Geography.

Based on region, the Laboratory Equipment Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Laboratory Equipment Market are Danaher Corporation, Eppendorf AG, Waters Corporation, Thermo Fisher Scientific Inc, Agilent Technologies, Siemens Heathineers, PerkinElmer, Inc, Pace Analytical Services, Inc, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.


Feedback From Our Clients

Laboratory Equipment Market

Product ID: UCMIG35J2124