DUBLIN, May 30, 2023 /PRNewswire/ — The “Lab Consumables – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Lab Consumables Market to Reach $17.2 Million by 2030
In the changed post COVID-19 business landscape, the global market for Lab Consumables estimated at US$12.1 Million in the year 2022, is projected to reach a revised size of US$17.2 Million by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Healthcare & Pharmaceuticals, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$9.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Research Organizations & Institutes segment is readjusted to a revised 4.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.3 Million, While China is Forecast to Grow at 7.6% CAGR
The Lab Consumables market in the U.S. is estimated at US$3.3 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Million by the year 2030.
Select Competitors (Total 353 Featured)-
- Bellco Glass Inc
- BRAND Scientific Equipment Private Limited
- Camlab Ltd
- Citotest Labware Manufacturing Co., Ltd.
- Crystalgen Inc
- DWK Life Sciences GmbH
- Edulab
- Eppendorf SE
- Pathtech
- Reagecon Diagnostics Ltd
- SKS Science Products
- Spectrum Chemical Mfg. Corp.
- Starlab Group
- Thermo Fisher Scientific
- VITLAB GmbH
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Lab Consumables: A Prelude
- Impact of Covid-19 and a Looming Global Recession
- Laboratory Equipment and Supplies industry Experience Mixed Impact
- Supply Shortfalls Ripple across Laboratory Consumables Domain amid Pandemic
- Factors Causing Price Escalations
- Labs Hustle to Make Changes to Maintain Supplies of Consumables
- Global Economic Update
- From Pandemic to War & Inflation: “Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions”
- Here’s How Inflationary Pressures Affect the Economy
- Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
- Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
- Here’s What’s Causing Inflationary Pressures in the Global Market
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Lab Consumables – Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recent Market Activity
- WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Trends in Life Science Research Sector Support Demand
- Growth in 3D Cell Culture Markets to Boost Demand
- Global 3D Cell Culture Market in US$ Million: 2020 – 2026
- Emergence of PCR as a Preferred COVID-19 Detection Method Benefits Demand for Associated Lab Consumables
- Digital PCR Takes Quantification of Nucleic Acids to the Next Level
- Global qPCR and dPCR Market in US$ Million: 2020-2026
- Growing Focus on Next Generation Sequencing to Accelerate Consumption
- Rapid Growth in Biopharma Industry and Rising Investments in R&D to Boost Market Prospects
- Global BioPharmaceuticals Market in US$ Billion: 2020 and 2026
- Increasing Application of Chromatography Spurs Demand for Chromatography Consumables
- Global Chromatography Market (2022): Percentage Share Breakdown of Value Sales by Chromatography Techniques
- Growing R&D Spending in Pharma Sector Presents Opportunities
- Pharmaceutical R&D Spending Worldwide (USD Billion) for 2015-2025
- Expanding Presence of Contact Research Organizations to Drive Demand for Various Lab Consumables
- Global Contract Research Outsourcing Market in US$ Billion: 2020-2026
- Pharmaceutical & Biopharmaceutical Trends to Support CRO Penetration
- Global Biopharma % R&D Outsourcing (2014-2022)
- Lab Consumables Enjoy Demand amid Growing Investments in Biotechnology R&D
- Growing Importance of Sustainability in Lab Consumables
- Tip Re-Use Gains Focus
- Innovations in Pipette Tip Technology Supports Demand
- Increase in Healthcare Spending to Propel Demand for Life Science Tools
- Current & Required Healthcare Spending as % of GDP across Select Countries
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023E
- Lab 4.0 to Reduce Consumption of Lab Consumables
- Custom Manufacturing Advantageous for Labs
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/1o7o8e
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SOURCE Research and Markets
