Global Laboratory Consumables Market Outlook 2031: Market Size to Cross US$ 301.2 Billion by 2031 Driven by R&D Expansion, Healthcare Infrastructure Growth, and Sustainable Innovation

The global laboratory consumables market represents a critical backbone of the life sciences and healthcare ecosystem. Laboratory consumables include disposable and semi-disposable products such as reagents, kits, plasticware, glassware, pipettes, tubes, filters, plates, and other essential items required for sample collection, preparation, testing, and analysis. These products are indispensable across biotechnology, pharmaceuticals, academic research, clinical diagnostics, food testing, and environmental analysis.

Laboratory consumables are characterized by high-volume, repeat purchases, making the market resilient even during economic uncertainty. Continuous experimentation, diagnostics, and quality testing ensure consistent demand across end-user segments. The market's evolution is increasingly shaped by automation, precision diagnostics, outsourcing trends, and sustainability-driven product innovation.

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→Market Size and Forecast

The global laboratory consumables market was valued at US$ 191.2 Bn in 2022. Supported by expanding research activity, growth in healthcare diagnostics, and rising outsourcing of laboratory services, the market is projected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2031.

By the end of 2031, the market is expected to surpass US$ 301.2 Bn, reflecting strong long-term demand fundamentals and increasing penetration of advanced diagnostic and research technologies across developed and emerging economies.

→Analysts' Viewpoint

Analysts note that the laboratory consumables market benefits from structural growth drivers rather than cyclical trends. Rising global investment in research & development, expanding healthcare infrastructure, and a sustained focus on improving healthcare outcomes are creating a robust growth trajectory. Moreover, the increasing complexity of diagnostic and research workflows is pushing laboratories toward high-quality, specialized, and application-specific consumables.

At the same time, sustainability is emerging as a key differentiator. Companies investing in biodegradable, recyclable, and reusable consumables are expected to gain competitive advantage as laboratories and regulators place greater emphasis on environmental responsibility.

→Key Market Growth Drivers

1.Increase in Demand for Research & Development

One of the most significant growth drivers is the global rise in R&D activity across pharmaceuticals, biotechnology, diagnostics, and academic research. The COVID-19 pandemic accelerated investments in diagnostics, therapeutics, and vaccine development, highlighting the strategic importance of laboratory infrastructure and consumables.

High-throughput testing during the pandemic generated substantial demand for PCR kits, microplates, swabs, viral transport media, and reagents. Even beyond COVID-19, governments and private players continue to invest heavily in life sciences research, oncology, genomics, proteomics, and personalized medicine. These activities require a continuous and reliable supply of high-quality consumables to ensure reproducibility and accuracy of results.

2.Surge in Outsourcing of Laboratory Services

Outsourcing of laboratory services to contract research organizations (CROs) and contract manufacturing organizations (CMOs) is another powerful driver. Pharmaceutical and biotechnology companies increasingly outsource research, clinical trials, and manufacturing to reduce costs, access specialized expertise, and improve time-to-market.

CROs and CMOs operate at scale and rely heavily on consumables such as culture media, reagents, chemicals, and disposable labware. This trend not only increases overall consumption but also drives demand for standardized, high-performance consumables tailored to outsourced workflows.

3.Expansion of Healthcare Infrastructure

Growth in hospitals, diagnostic laboratories, and specialty clinics-particularly in emerging economies-is significantly boosting demand. Large patient volumes and the rising burden of chronic diseases are increasing the frequency of diagnostic testing, thereby accelerating consumables usage.

Integration of digital health technologies and telemedicine, especially in Europe and North America, has further amplified the need for diagnostic consumables used in remote patient monitoring, sample transport, and decentralized testing.

→Development of More Sophisticated Reagents and Kits

By product type, reagents & kits accounted for the largest market share in 2022. These products are central to diagnostic assays, molecular testing, immunoassays, and research protocols. Continuous technological advancements have led to more sophisticated reagents that deliver higher sensitivity, specificity, and reliability.

The segment is expected to maintain its dominance through 2031, driven by growth in diagnostics, expanding biopharmaceutical pipelines, and increasing adoption of advanced testing methodologies.

→End-User Insights: Healthcare Facilities Lead Demand

Among end users, healthcare facilities are anticipated to dominate the market during the forecast period. Hospitals and diagnostic laboratories perform a wide range of tests, including blood analysis, genetic testing, microbiology, and pathology. High testing volumes and the need for continuous operations result in strong and recurring demand for consumables.

Academic and research institutions, along with pharmaceutical and biotechnology companies, also represent substantial demand contributors, supported by expanding research collaborations and funding.

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→Regional Outlook

North America is projected to dominate the global laboratory consumables market through 2031. The region benefits from a well-established healthcare system, advanced diagnostic capabilities, and a strong concentration of research institutions. The United States, in particular, hosts a large number of hospitals, clinical labs, and pharmaceutical companies, creating sustained demand for reagents and kits.

Asia Pacific is expected to witness the fastest growth. Rapid expansion of healthcare infrastructure in China, India, and Japan, coupled with rising population, increasing disposable income, and growing health awareness, is driving demand for improved diagnostic services. Government initiatives supporting biotechnology and pharmaceutical manufacturing further enhance regional growth prospects.

Europe maintains steady growth, supported by strong public healthcare systems and increasing adoption of digital health and advanced diagnostics.

→Analysis of Key Players and Competitive Landscape

The global laboratory consumables market is highly fragmented, with the presence of several multinational and regional players. Leading companies focus on product portfolio expansion, mergers & acquisitions, sustainability initiatives, and technological innovation to strengthen market position.

Prominent players include Abbott Laboratories, Agilent Technologies, Borosil Limited, Corning Incorporated, Danaher Corporation, Eppendorf AG, F. Hoffmann-La Roche AG, Haier Biomedical Co., Ltd, Merck KGaA, PerkinElmer, Inc., Sartorius Group, and Thermo Fisher Scientific, Inc..

→Key Player Strategies

→Key players are pursuing strategies such as:

Expansion of sustainable and eco-friendly consumable portfolios
Acquisitions to integrate complementary product lines
Investments in automation-compatible consumables
Strengthening global distribution and sales networks

Companies offering innovative, environmentally friendly consumables are well-positioned to capture emerging opportunities as laboratories prioritize waste reduction and sustainability.

→Recent Developments

July 2022: Thermo Fisher Scientific, Inc. extended its partnership with My Green Lab to enhance environmental sustainability in scientific research.
January 2023: Haier Biomedical acquired Suzhou Kangsheng to expand smart laboratory solution scenarios and integrate disposable laboratory plastic consumables into its portfolio.

December 2022: Haier Biomedical contributed to major global scientific research projects through advancements in cryogenic refrigeration technologies.
Market Challenges and Opportunities

Challenges include rising raw material costs, regulatory compliance requirements, and supply chain disruptions. However, opportunities lie in sustainable consumables, reusable labware, and growing demand from emerging markets. Companies that balance cost efficiency with innovation are likely to achieve long-term success.

→Investment Landscape and ROI Outlook

From an investment perspective, the laboratory consumables market offers stable and predictable returns due to recurring demand and broad application across industries. The projected CAGR of 5.1% and market expansion to over US$ 301.2 Bn by 2031 indicate strong ROI potential, particularly for players aligned with sustainability and advanced diagnostics.

→Market Segmentation Overview

The market is segmented by product type (reagents & kits, general lab supplies, glassware, plasticware, others), end user (academic & research institutions, pharmaceutical & biotechnology companies, healthcare facilities), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). North America leads in value, while Asia Pacific shows the highest growth momentum.

→Why Buy This Report?

This report provides in-depth insights into market size, growth drivers, competitive strategies, regional dynamics, and future opportunities. It enables stakeholders to make informed strategic, investment, and expansion decisions backed by robust data and expert analysis.

→FAQs

Q.How big was the global laboratory consumables market in 2022?
A.It was valued at US$ 191.2 Bn in 2022.

Q.How large will the market be by 2031?
A.The market is projected to exceed US$ 301.2 Bn by 2031.

Q.What is the expected CAGR during the forecast period?
A.The market is expected to grow at a CAGR of 5.1% from 2023 to 2031.

Q.What are the key drivers of market growth?
A.Rising R&D investment and expansion of the healthcare sector are the primary drivers.

Q.Which region dominates the global market?
A.North America is expected to account for the largest market share during the forecast period.

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