Lab Accessories Market Share 2022 to 2032 | By Tecan, Roche Holding, Analytik Jena AG, Greiner Bio-One

According to a new Future Market Insights analysis, the Lab Accessories Market demand is estimated to increase at a 6.8% CAGR from US$ 585.0 Million in 2022 to US$ 1.1 Billion by 2032. The report attributes the market’s expansion to factors such as increased research funding availability, quick technical breakthroughs, and large-scale disease outbreaks.

The pharmaceutical and diagnostic industries are seeing increased competition, which is driving up demand for laboratory accessories. Manufacturers must constantly produce new products with improved technology to enable lab automation in order to meet this demand. Microplates and modular lab tables are becoming popular in addition to traditional lab accessories.

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Furthermore, as the prevalence of infectious diseases rises, so will the demand for infectious disease diagnosis. According to the World Health Organisation, 36.7 million people were infected with HIV in 2016. Science and Technology Application for Rural Development (STARD) 2015 and Intensification of Research in Higher Priority Areas (IRHPA) 2016 funding agencies have also increased, which is expected to boost the growth of the global laboratory accessories market during the forecast period, as lab accessories are required for laboratory operations.

Key Takeaways from the Market Study

• From 2022 to 2032, the global market for laboratory accessories is expected to nearly treble.
• In 2032, the United States will have the biggest value share of the global market demand for lab accessories, accounting for $403.0 million.
• From 2015 to 2021, the demand for lab accessories increased at a 7.5% CAGR.
• The wash stations category accounts for the majority of the lab accessories market, with a CAGR of 6.7%.
• Research institutes will be the most important end user, with a CAGR of 6.9% by 2032.

“High adoption of laboratory automation systems in drug discovery and clinical diagnostics is amongst the important factor expected to intensify the growth and demand of lab accessories market during the forecast period,” remarks an FMI analyst.

Competitive Landscape

Players in the global Lab Accessories Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market.

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Some of the recent developments among the key players are:

•  In June 2022, Becton, Dickinson and Company introduced the new BD FACSDiscover S8 Cell Sorter, featuring the breakthrough BD CellView Image Technology. It is the first cell sorter to combine advanced spectral flow cytometry with sort-capable image analysis that will potentially enable researchers to yield more accurate data and sort cells that previously could not be identified.
• In June 2021, Bio-Rad Laboratories, Inc. announced the launch of its PREvalence ddPCR^® SARS-CoV-2 Wastewater Quantification Kit, a sensitive, accurate, and cost-effective tool used to detect SARS-CoV-2 in a community’s wastewater. ddPCR^® technology is recommended in the Centers for Disease Control and Prevention guidelines (CDC) for wastewater testing, and use of the technology has been published by the Environmental Protection Agency (EPA) as a dependable method to quantify viruses in wastewater.

Leading Companies Profiled in Lab Accessories Market are

• Thermo Fisher Scientific Inc.
• Analytik Jena AG
• Biotix Inc.
• Vistalab Technologies Inc.
• Bio Rad Laboratories Inc.
• Brooks Automation Inc.
• BD
• Corning Incorporated
• Greiner Bio-One International GmbH
• Hamilton Company
• Parker Hannifin Corporation
• Heidolph Instruments GmbH & Co. KG
• Gilson Inc.
• HNP Mikrosyteme GmbH
• Verderflex

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Key Segments Covered in The Lab Accessories Market Study

Lab Accessories Market by Type:

• Lab Microplates
• Microplate Accessories
• Lab Label Printers
• Lab Pipettes
• Lab Pumps
• Lab Reagent Reservoirs
• Lab Valves
• Lab Tubings
• Lab Wash Stations

Lab Accessories Market by End User:

• Lab Accessories for OEMs
• Lab Accessories for Biotechnology and Pharmaceutical Companies
• Lab Accessories for Hospitals and Private Laboratories
• Lab Accessories for Academic Institutes
• Lab Accessories for Research Institutes

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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