Laboratory Accessories Market Forecast 2024: Enhancing Productivity in Scientific Research

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The new report published by The Business Research Company, titled Laboratory Accessories Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the laboratory accessories market size has grown strongly in recent years. It will grow from $567.02 billion in 2023 to $613.47 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The laboratory accessories market size is expected to see strong growth in the next few years. It will grow to $845.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.

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What Is Driving The Growth Of The Global Laboratory Accessories Market?

Increasing Diagnostic Tests Drive Growth in Laboratory Accessories
The rise in diagnostic tests is expected to propel the growth of the laboratory accessories market going forward. Diagnostic tests refer to medical procedures designed to identify the presence, nature, or cause of a disease or condition in patients. The rise in diagnostic tests is due to increasing healthcare access, the need for chronic disease management, heightened patient expectations, and genetic testing. Laboratory accessories are integral to every stage of the diagnostic testing process, from sample collection and preparation to analysis and documentation. They ensure the accuracy, efficiency, and safety of diagnostic tests, ultimately leading to reliable and actionable results for patient care. For instance, in November 2023, according to the Diagnostic Imaging Dataset Annual Statistical, a UK-based government organization, England reported 45.0 million imaging tests in March 2023, marking an increase from 44.0 million in the previous year, which represents a growth of 2.2%. Therefore, the rising number of diagnostic tests drives the laboratory accessories market.

What Is The Key Trend In The Global Laboratory Accessories Market?

Enhancing Laboratory Efficiency With Kingfisher Plasmidpro Maxi Processor
Major companies operating in the laboratory accessories market are focused on developing innovative products, such as the automated plasmid purification system, to provide high-throughput solutions, improve reproducibility, and support cutting-edge applications in molecular biology, clinical diagnostics, and pharmaceutical development. An automated plasmid purification system is an advanced laboratory device designed to streamline the process of isolating plasmid DNA (pDNA) from bacterial cultures without manual intervention. For instance, in June 2024, Thermo Fisher Scientific, a US-based life science and clinical research company, launched Thermo Scientific KingFisher PlasmidPro Maxi Processor, a fully automated maxi-scale plasmid DNA (pDNA) purification system. This system is designed to streamline the purification process, thereby enhancing the efficiency of laboratory workflows involved in the discovery and development of therapies. This innovation aims to reduce manual errors and increase throughput, focusing on molecular biology and genetic research.

How Is The Global Laboratory Accessories Market Segmented?
The laboratory accessories market covered in this report is segmented -

1) By Product Type: Instruments, Glassware, Lab Tables, Consumables, Other Product Types
2) By Laboratory Type: Clinical And Diagnostics Labs, Pharma, Biotech, And Medical Device Companies, Academic And Research Lab, Other Laboratory Types
3) By Application: Academic, Hospitals, Private Laboratories, Biotechnology, Other Applications

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How Is The Competitive Landscape Of The Global Laboratory Accessories Market?
Major companies operating in the laboratory accessories market are Thermo Fisher Scientific Inc., The Merck Group, Agilent Technologies Inc., Sartorius AG, PerkinElmer Inc., Mettler-Toledo International Inc., Endress+Hauser Group Services AG, Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Horiba Ltd., Eppendorf AG, Metrohm AG, Hamilton Company, Analytik Jena AG, Labconco Corporation, Rigaku Corporation, Biotix Inc., SP Industries Inc, Corning Incorporated, Tecan Group Ltd.

Contents Of The Global Laboratory Accessories Market
1. Executive Summary
2. Laboratory Accessories Market Report Structure
3. Laboratory Accessories Market Trends And Strategies
4. Laboratory Accessories Market - Macro Economic Scenario
5. Laboratory Accessories Market Size And Growth
…..
27. Laboratory Accessories Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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