Press release
Emerging Trends to Drive Laboratory Bunsen Burner Market Growth at 7.3% CAGR Through 2029
Laboratory Bunsen Burner Market
Laboratory Bunsen Burner Market Size Growth Forecast: What to Expect by 2025?
The market size for laboratory bunsen burners has seen a robust growth in past years. The market is anticipated to grow from $8.69 billion in 2024 to $9.28 billion in 2025, marking a compound annual growth rate (CAGR) of 6.8%. Factors contributing to the growth in the historical period include an increase in academic research, industrial research and development expansion, growth in the education sector, a rise in government funding and initiatives, and heightened standards for laboratory safety.
How Will the Laboratory Bunsen Burner Market Size Evolve and Grow by 2029?
The market for laboratory bunsen burners is predicted to experience robust growth in the coming years, with an estimated value of $12.28 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth throughout the prediction period include ongoing research and development, a rise in the number of labs, governmental initiatives and funding, stricter safety and adherence measures, an expanded education sector and a heightened focus on energy conservation and sustainability. Key trends in this forecast period encompass technological innovations, enhanced energy efficiency, sophisticated materials, adjustable flame control, environmentally-friendly designs, amalgamation with the latest technology, customisation, and versatility.
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What Drivers Are Propelling the Growth of Laboratory Bunsen Burner Market Forward?
The increased funding in pharmaceutical research and development is set to fuel the expansion of the laboratory bunsen burner market. This rise in investment is prompted by the growing occurrence of chronic and infectious diseases which amplifies the demand for novel treatments and remedies. Furthermore, the need for personalized medicine and targeted therapies galvanizes research endeavors. Government grants and incentives also play a significant role in fostering investment. In pharmaceutical R&D, laboratory bunsen burners are utilized to sterilize apparatus, catalyze chemical reactions, and ready samples for investigation. As an example, in June 2023, the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade and lobbying group, reported an increase in R&D expenditure from €42,533 million ($46.79 billion) in 2021 to €44,500 million ($48.95 billion) in 2022, succeeding a growth of €1,967 million ($2.16 billion). Therefore, the accelerated investment in pharmaceutical R&D will boost the laboratory bunsen burner market's expansion.
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What Are the Key Segments in the Laboratory Bunsen Burner Market?
The laboratory bunsen burner market covered in this report is segmented -
1) By Type: Electric Powered, Gas Fired
2) By Parts: Stand Or Base, Barrel Or Chimney, Collar, Air Holes, Gas Valve, Gas Intake
3) By Application: Universities And Colleges, Research Institute, Other Applications
Subsegments:
1) By Electric Powered: Desktop Electric Bunsen Burners Or Portable Electric Bunsen Burners Or Adjustable Electric Bunsen Burners
2) By Gas Fired: Single-Outlet Gas Bunsen Burners Or Double-Outlet Gas Bunsen Burners Or Micro Gas Bunsen Burners Or Adjustable Flame Gas Bunsen Burners
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Who Are the Key Players Shaping the Laboratory Bunsen Burner Market's Competitive Landscape?
Major companies operating in the laboratory bunsen burner market are Thermo Fisher Scientific Inc., VWR International LLC, Sartorius AG, Integra Biosciences AG, Hach Company, Leica Microsystems GmbH, Kimble Chase Life Science and Research Products LLC, Hanna Instruments Inc, Buchi Labortechnik AG, Cole-Parmer Ltd., Borosil Glass Works Ltd, Labconco Corporation, Eisco Scientific, DURAN Group GmbH, Gerhardt Analytical Systems, Glassco Laboratory Equipment, Asia Scientific Apparatus Co, Kinesis Ltd, Heathrow Scientific LLC, Carl Friedrich Usbeck, Dentalfarm Srl, Labtex Pty Ltd, Labcold Ltd, Myers Associates Inc., Star Labs
What Geographic Markets Are Powering Growth in the Laboratory Bunsen Burner Market?
Asia-Pacific was the largest region in the laboratory bunsen burner market in 2024. The regions covered in the laboratory bunsen burner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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