Laboratory Equipment Market is expected to reach US$ 96.1 billion by 2031 | Top key players - Agilent Technologies, Inc., Eppendorf SE, PerkinElmer Inc.

Market Size and Growth:

The Global Laboratory Equipment Market size reached US$ 53.1 billion in 2023 and is expected to reach US$ 96.1 billion by 2031, growing at a CAGR of 7.7% during the forecast period 2024-2031. The Market growth is driven by rising R&D activities in pharmaceuticals and biotechnology, advancements in analytical technologies, and increasing demand for accurate diagnostic testing. According to DataM Intelligence

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The Laboratory Equipment Market encompasses a wide range of instruments, tools, and devices used for scientific research, analysis, and experiments across industries such as healthcare, pharmaceuticals, biotechnology, and academia. It includes products like microscopes, centrifuges, spectrometers, and incubators, enabling precise measurement, data analysis, and quality control to support innovation and technological advancement in laboratory environments.

Industry Recent Developments: United States

✅ October 2025: Significant advancements in AI integration and automation in laboratory workflows with AI-powered systems being employed for sample processing, data analysis, and predictive maintenance across laboratories.

✅ August 2025: Increased federal funding directed at genomics lab equipment modernization, spurring product launches including smart automated sample management systems to improve efficiency and accuracy.

✅ July 2025: Major mergers such as Waters Corporation merging with Becton Dickinson's Biosciences & Diagnostic Solutions, enhancing bioanalytical and diagnostic testing capabilities and expanding market presence.

Industry Recent Developments: Japan

✅ September 2025: Japan's pharmaceutical industry intensifies R&D in oncology, rare diseases, and vaccines, driving demand for scalable, compliant laboratory infrastructure including modular bench systems and integrated testing workflows.

✅ August 2025: Adoption of advanced molecular diagnostics technologies such as next-generation sequencing and digital PCR accelerates, improving oncology mutation screening and precision care with rapid genomic data processing tools.

✅ August 2025: Japan sees rising demand for disposable devices and consumables aligned with infection-control norms post-COVID, along with growing software integration in lab automation and AI-enabled decision support modules bundled with analyzers.

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FDA Approvals (2025) - Highlights & Impact:

✅ The FDA continued to list and clear companion diagnostics and IVDs through 2025; the agency's public lists (including companion diagnostic entries) were updated during the year and remain the authoritative source for cleared/approved laboratory diagnostics.

✅ FDA pages and 2025 summaries also record a range of biological/device application approvals supporting laboratory testing (HLA/virology/immunohematology categories called out in the 2025 summary listing). These reflect ongoing approvals for instruments and reagents used in clinical labs.

✅ Takeaway: 2025 continued the shift toward approval of more sophisticated IVDs and companion diagnostics (including AI-enabled tools), meaning lab instrument vendors with validated assays and software integrations saw clearer regulatory pathways to market.

Major Mergers & Acquisitions (2025):

✅ Thermo Fisher - Clario (clinical data/endpoint solutions): Thermo Fisher moved to acquire Clario in a large deal announced in late October 2025 (reported as an ~$8.9-9.4B transaction). While Clario is a clinical-trial data/endpoint company rather than a bench instrument maker, the deal is material to the lab market because it further integrates data services with laboratory supply chains and clinical data workflows (affects demand for lab instruments tied to trial endpoints and CRO/clinical lab services).

✅ Multiple smaller, strategic acquisitions among lab services and instrumentation service companies were announced through 2025 (examples include acquisitions by specialist lab-services groups expanding analytical-instrument service footprints). These deals strengthen regional service networks, calibration/validation offerings, and reagent/disposables distribution. (Representative press announcements and M&A roundups were published during 2025.)

✅ Takeaway: 2025 featured a mix of very large strategic deals (big life-science platforms buying data and services businesses) and many smaller consolidations in service/support for instruments - a trend that increases the value of integrated instrument + service offerings.

Regulatory Approvals (2025):

✅ EU IVDR / MDR changes (2025 take-effect & transition updates): New EU regulatory rules and implementing acts that came into force around Jan 2025 tightened requirements for IVD makers (more documentation, EUDAMED implementation, extended legacy-product transition rules). The result: certification bottlenecks persisted for some IVD classes and legacy tests.

✅ Notified-body capacity and IVDR certification delays remained a persistent issue in 2025 (limited number of notified bodies qualified under IVDR), causing manufacturers to prioritize higher-risk devices for certification and in some cases accelerate migration to alternate regulatory strategies.

✅ US LDT oversight developments (2025 updates): Regulatory uncertainty about lab-developed tests continued through 2025 - including high-profile legal and policy actions that altered the FDA's LDT oversight approach during the year. Those actions affected how clinical labs and instrument vendors planned validation and market access strategies for LDT-linked equipment.

✅ Takeaway: Regulatory tightening in the EU (IVDR) plus shifting LDT policy in the US created both compliance burdens and opportunities - vendors offering regulatory support, robust clinical evidence packages, and notified-body/CE-marked instruments gained advantage.

Major Key Players:

Thermo Fisher Scientific Inc.
Agilent Technologies, Inc.
BD
Beckman Coulter, Inc.
Bio-Rad Laboratories, Inc
Bruker
Eppendorf SE
F. Hoffmann-La Roche Ltd
PerkinElmer Inc.
Shimadzu Corporation.

Segments Covered in the Laboratory Equipment Market:

By Equipment: Incubators, Laminar Flow Hood, Micro Manipulation Systems, Centrifuges, Lab Air Filtration System, Scopes, Sonicators & Homogenizers, Autoclaves & Sterilizers, Spectrophotometer & Microarray Equipment, Others.

By Application: Biochemistry, Endocrinology, Microbiology, Genetic Testing, Others.

By Material: Borosilicate Glass, Polystyrene, Metal, Ceramic, Polypropylene, Quartz.

Regional Analysis for Laboratory Equipment Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Laboratory Equipment market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Laboratory Equipment Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Laboratory Equipment market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Laboratory Equipment Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Laboratory Equipment market?

➠ Who are the global key manufacturers of the Laboratory Equipment Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Laboratory Equipment market opportunities and threats faced by the vendors in the global Laboratory Equipment Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Laboratory Equipment market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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