Laboratory Equipment and Disposables Market is Projected to Reach USD 53,286.2 million by 2030: Cognitive Market Research

Laboratory Equipment and Disposables Market Overview:
Laboratory equipment and disposables are the tools and instruments used in laboratories to carry out experiments, evaluate samples, and conduct research. This mainly includes instruments such as microscopes, centrifuges, spectrophotometers, autoclaves, incubators, and other disposables such as test tubes, Petri dishes, pipette tips, and others. A wide variety of companies, including biotechnology, research institutes, drug development laboratories, microbiology labs, and many others, use laboratory equipment and disposables. These industries rely heavily on laboratory equipment and disposables to conduct experiments, analyze samples, and carry out research and development activities.

Summary:
As per the study of CMR, the Global Laboratory Equipment and Disposables Market size reached USD 30,123.6 million in 2022 and will reach USD 53,286.2 million by 2030, growing at a CAGR of 5.8% from 2023 to 2030.

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Laboratory Equipment and Disposables Market Dynamics:
What are the driving factors for the global laboratory equipment and disposables market?
The expansion and innovation in the medical equipment sector drive the demand for the global laboratory equipment and disposables market. This is attributed to the rapid development of technology, which has resulted in the development of new and advanced laboratory equipment that provides more accurate and effective results. In addition, the increase in research and development activities in industries such as biotechnology, pharmaceutical, and microbiology industry dominates the demand for laboratory equipment and the disposables market. Furthermore, the development of innovative medicines, vaccines, and other biopharmaceuticals will provide the opportunity for the growth of the global market.
However, the high price of cutting-edge laboratory equipment and the lack of clinical laboratories in developing countries may hamper market growth.

Laboratory Equipment and Disposables Market Scope:
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
By product type, the global market is segmented into equipment and disposable. The disposable segment dominates the global market. This is attributed to the increase in R&D activities in sectors such as microbiology, biotechnology, and the pharmaceutical industry.

Application:
• Food & Pharmaceutical
• Petroleum & Chemical
• Others.
Based on application, the market is segmented into food & pharmaceutical, petroleum & chemical, and others. The food & Pharmaceutical segment is anticipated to register the highest revenue share in the global market due to the increasing use of laboratory equipment in this industry across the globe.

Competitive Analysis of Laboratory Equipment and Disposables Market: Agilent Technologies, Bio-Rad Laboratories, Bruker, Danaher, Fujifilm Irvine Scientific, PerkinElmer, Sartorius, Shimadzu, Thermo Fisher Scientific, Waters, Siemens Healthineers, Sysmex Corporation, A&T Corporation, IBM Merge Healthcare

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Regional Analysis:
North America has gained the highest revenue share in the global laboratory equipment and disposables market
North America has dominated the global market, in 2022 This is attributed to the increase in the utilization of this laboratory equipment in research institutes, research labs, and diagnostic laboratories. Furthermore, Asia Pacific is forecasted to be the second-largest market in terms of growth rate for the global laboratory equipment and disposables market. This is attributed to the rise in the incidence of various infectious and non-infectious diseases as well as the presence of pharma companies in the country in the region.

Laboratory Equipment and Disposables Market News:
Waters Corporation introduced the Extraction+ Connected Device
In October 2022, Waters Corporation introduced the Extraction+ Connected Device. It is a new software-controlled device for the Waters Andrew+ Pip-etting Robot that simplifies the processing of food, forensics, and environmental samples via solid phase extraction (SPE).

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Laboratory Equipment and Disposables Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Laboratory Equipment and Disposables Market Segmentation
1.5.1 Laboratory Equipment and Disposables Market Regional Fragmentation
1.5.1 Laboratory Equipment and Disposables Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Laboratory Equipment and Disposables Market
• 3.1 Global Laboratory Equipment and Disposables Market Size 2018 - 2030, (USD Million)
• 3.2 Global Laboratory Equipment and Disposables Value, Absolute & Opportunity Analysis
• 3.3 Global Laboratory Equipment and Disposables Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Laboratory Equipment and Disposables Market Statistics 2022: Snapshot
Chapter 4 Global Laboratory Equipment and Disposables Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Laboratory Equipment and Disposables Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Laboratory Equipment and Disposables Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Laboratory Equipment and Disposables Market Regional Analysis
Chapter 12 North America Laboratory Equipment and Disposables Market Outlook (2018 - 2030)
Chapter 13 Europe Laboratory Equipment and Disposables Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Laboratory Equipment and Disposables Market Outlook (2018 - 2030)
Chapter 15 Latin America Laboratory Equipment and Disposables Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Laboratory Equipment and Disposables Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about The Laboratory Equipment and Disposables Market TOC click here: https://www.cognitivemarketresearch.com/laboratory-equipment-and-disposables-market-report#table_of_contents

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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