Dublin, April 25, 2025 (GLOBE NEWSWIRE) -- The "Laboratory Supplies Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
The Global Laboratory Supplies Market was valued at USD 40.26 billion in 2024 and is expected to reach USD 60.24 billion in the forecast period with a CAGR of 6.95% through 2030.
The pharmaceutical and biotechnology sectors are continuously evolving, with increasing investments in drug discovery, development, and manufacturing. This sector's growth fuels the demand for laboratory supplies, particularly for quality control and clinical research. The increasing demand for diagnostic tests, including clinical, molecular, and genetic diagnostics, stimulates the laboratory supplies market. Diagnostic laboratories require various supplies to conduct tests for disease diagnosis and monitoring. Growing concerns about environmental pollution, climate change, and water and air quality drive the demand for laboratory supplies used in environmental monitoring and testing, including sensors, spectrometers, and reagents.
Advances in genomics, proteomics, and personalized medicine are pushing the need for specialized laboratory supplies, such as DNA sequencers, PCR instruments, and cell culture media. The adoption of digital technologies and automation in laboratories is driving the need for modern laboratory supplies, including robotic systems, automated liquid handling, and data management tools. A growing emphasis on sustainability is driving the development and adoption of eco-friendly laboratory supplies and equipment.
Key Market Driver: Pharmaceutical and Biotechnology Advancements
Pharmaceutical and biotechnology companies require state-of-the-art laboratory equipment for drug discovery, development, and quality control. This demand drives the development of advanced laboratory instruments, such as mass spectrometers, high-performance liquid chromatography (HPLC) systems, and next-generation sequencers. To meet the unique needs of pharmaceutical and biotechnology research, specialized reagents and consumables are developed. These include molecular biology reagents, cell culture media, and high-purity chemicals critical for experimentation and production.
Automation is increasingly integrated into pharmaceutical and biotechnology laboratories to enhance efficiency and reduce human error. Robotics, liquid handling systems, and automated sample preparation equipment have become essential in high-throughput screening and analysis. Bioprocessing equipment, such as bioreactors and cell culture systems, is crucial for biotechnology companies involved in the production of biopharmaceuticals. The advancement of these systems has a direct impact on laboratory supplies in this sector.
Key Market Challenge: Supply Chain Disruptions
Unforeseen global events, such as the COVID-19 pandemic, can disrupt the supply chain by causing factory closures, transportation delays, and workforce shortages. These disruptions can lead to supply shortages and delays in product delivery. Disruptions in global shipping and transportation networks, including container shortages, port congestion, and changes in shipping routes, can affect the timely delivery of laboratory supplies. This may lead to increased shipping costs and delays. Supply chain disruptions in the sourcing of raw materials, such as plastics, chemicals, and metals, can impact the production of laboratory supplies. Shortages of critical materials can lead to increased costs and delayed production.
Factory closures or reduced production capacities, whether due to natural disasters, labor disputes, or other factors, can result in delays in the manufacturing of laboratory supplies. Challenges in warehousing and distribution, including the need for social distancing and safety measures in distribution centers, can impact the efficiency of getting products to end-users. Supply chain disruptions can lead to quality control issues, as companies may rush production or source materials from less reliable suppliers to meet demand, potentially leading to compromised product quality. Supply chain disruptions can result in price volatility for laboratory supplies. Increased demand and reduced supply can lead to price increases, which can impact laboratories' budgets.
Key Market Trend: E-commerce and Digitalization
The rise of e-commerce has led to the emergence of online marketplaces specializing in laboratory supplies. These platforms allow laboratories to browse, compare, and purchase a wide range of supplies, including equipment, reagents, and consumables, with the convenience of online shopping. Many laboratory supply companies have moved from traditional paper catalogs to digital catalogs, which can be easily accessed online. Digital catalogs provide up-to-date product information, pricing, and specifications, making it easier for customers to find what they need. Digital platforms provide transparency in pricing, allowing customers to compare prices and product offerings from different suppliers.
This transparency can lead to more competitive pricing and informed purchasing decisions. Digitalization streamlines the procurement process. Laboratories can create digital purchase orders, track orders, and manage their inventory electronically, reducing paperwork and administrative burdens. E-commerce has expanded the reach of laboratory supplies. Laboratories can access products from suppliers worldwide, expanding their options and potentially finding unique or specialized items. E-commerce facilitates various digital payment methods, including credit cards, electronic funds transfer (EFT), and digital wallets, streamlining the payment process.
Key Players in the Laboratory Supplies Market
- Agilent Technologies, Inc.
- Bio-Rad Laboratories, Inc.
- Bruker Corp.
- Danaher Corp.
- FUJIFILM Holdings Corporation
- PerkinElmer Inc.
- Sartorius AG
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- Waters Corporation
Key Attributes
| Report Attribute | Details |
| No. of Pages | 182 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $40.26 Billion |
| Forecasted Market Value (USD) by 2030 | $60.24 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Laboratory Supplies Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product (Equipment, Disposables)
5.2.2. By Region
5.2.3. By Company (2024)
5.3. Market Map
6. Asia-Pacific Laboratory Supplies Market Outlook
7. Europe Laboratory Supplies Market Outlook
8. North America Laboratory Supplies Market Outlook
9. South America Laboratory Supplies Market Outlook
10. Middle East and Africa Laboratory Supplies Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions
13. Global Laboratory Supplies Market: SWOT Analysis
14. Porter's Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Product
15. PESTLE Analysis
16. Competitive Landscape
16.1. Agilent Technologies, Inc.
16.1.1. Business Overview
16.1.2. Company Snapshot
16.1.3. Products & Services
16.1.4. Financials (As Reported)
16.1.5. Recent Developments
16.1.6. Key Personnel Details
16.1.7. SWOT Analysis
16.2. Bruker Corp
16.3. Bio-Rad Laboratories, Inc.
16.4. Danaher Corp.
16.5. FUJIFILM Holdings Corporation
16.6. PerkinElmer Inc.
16.7. Sartorius AG
16.8. Shimadzu Corporation
16.9. Thermo Fisher Scientific Inc.
16.10. Waters Corporation
17. Strategic Recommendations
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