Press release
Laboratory Glassware Market Report 2024: Trends and Innovations in Scientific Equipment
Laboratory Glassware Market Report
The new report published by The Business Research Company, titled Laboratory Glassware 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 glassware market size has grown strongly in recent years. It will grow from $2.89 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The laboratory glassware market size is expected to see strong growth in the next few years. It will grow to $3.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
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What Is Driving The Growth Of The Global Laboratory Glassware Market?
Growth Of Laboratory Glassware Market Driven By Rising Number Of Research Laboratories
The increasing number of research laboratories is expected to propel the growth of the laboratory glassware market going forward. Research laboratories encompass academic institutions, healthcare facilities, and industrial businesses. The increasing number of research laboratories is primarily attributed to factors such as advancements in science and technology, rising investments in R&D, and growing demand for innovation across various industries. Laboratory glassware provides precise, chemically resistant, and versatile tools essential for accurately measuring, mixing, and observing substances in scientific experiments. For instance, in March 2024, according to the Centers for Medicare & Medicaid Services, a US-based federal agency, the total number of clinical laboratory improvement amendments (CLIA) laboratories in the United States increased from 286,396 in 2020 to 317,545 in 2024. Therefore, the increasing number of research laboratories is driving the growth of the laboratory glassware market.
What Is The Key Trend In The Global Laboratory Glassware Market?
Innovative Packaging Enhancements In Laboratory Glassware
Major companies operating in the laboratory glassware market are developing innovative products with superior packaging to improve safety, convenience, and the overall user experience. Superior packaging aims to enhance the durability and chemical resistance of the glassware, reduce contamination risks, and ensure secure handling and transportation. For instance, in March 2022, Globe Scientific, a US-based medical equipment manufacturing company, launched a type of premium quality laboratory glassware with superior GlassGuard packaging that is designed to meet the needs of both laboratory professionals and laboratory supply distributors. This packaging provides exceptional protection during shipment, reducing breakage and replacement costs.
How Is The Global Laboratory Glassware Market Segmented?
The laboratory glassware market covered in this report is segmented -
1) By Product Type: Pipette, Flasks, Burette, Beakers, Storage Containers, Petri Dishes, Other Products
2) By Distribution Channel: Brick And Mortar, E-Commerce
3) By End-Use: Research And Academics Institutes, Pharmaceutical And Biotech Industry, Hospitals And Diagnostic Centers, Contract Research Organizations, Food And Beverage Industry, Other End-Users
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How Is The Competitive Landscape Of The Global Laboratory Glassware Market?
Major companies operating in the laboratory glassware market are Compagnie de Saint-Gobain S.A., Thermo Fisher Scientific Inc., Merck KGaA, Corning Incorporated, Avantor Inc., Sartorius AG, Mettler-Toledo International Inc., Schott AG, Gerresheimer AG, Eppendorf SE, Kavalierglass AS, Chemglass Life Sciences LLC, Borosil Limited, DWK Life Sciences Limited, Hario Co. Ltd., Lenz Laborglas GmbH & Co. KG, LabRepCo LLC, Ace Glass Incorporated, Bellco Glass Inc., Foxx Life Sciences, Abdos Labtech Private Limited, Glassco Laboratory Equipment Pvt. Ltd., Globe Scientific Inc., Isolab Laborgeräte GmbH, VITLAB GmbH
Contents Of The Global Laboratory Glassware Market
1. Executive Summary
2. Laboratory Glassware Market Report Structure
3. Laboratory Glassware Market Trends And Strategies
4. Laboratory Glassware Market - Macro Economic Scenario
5. Laboratory Glassware Market Size And Growth
…..
27. Laboratory Glassware Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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