Laboratory Equipment Market Research Report - Forecast till 2027

Laboratory Equipment Market Research Report: By Product Type (Incubators, Centrifuges, Spectrometers, Scopes, Sonicators, Autoclaves, Others), Application (Biochemistry, Endocrinology, Microbiology, Genetic Testing, Others) and End-User (Hospitals and Clinics, Others) – Forecast to 2027

ID: MRFR/HC/6893-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data

Laboratory Equipment Market Forecast


Laboratory Equipment Market is expected to hold a value of USD 58,960 Million by 2025 at a CAGR of 7.3%.


Laboratory Equipment Market Synopsis


There has been a high level of technological improvement in laboratory equipment in the past few years, which is fueling the laboratory equipment market growth. Also, as laboratory equipment is used rigorously for testing and research purposes, companies are investing in this laboratory equipment market.


Laboratory Equipment Market Influencer


The increasing initiatives by public and private companies boost laboratory equipment market growth. The growing number of clearances and product launches by key players in the market are likely to act as a promising factor for the growth in the near future.


Laboratory Equipment Market Drivers



  • Increasing research activities in pharmaceutical and biotechnology industries

  • Growing technological advancements

  • Rising need for accurate diagnosis

  • Upsurging support by public and private companies

  • Increasing mergers and acquisitions by prominent players in the laboratory equipment market. For instance, in December 2017, BD acquired C. R. Bard, Inc. for USD 24 billion. With this acquisition, the company aimed to become a leader in the healthcare industry. Due to this acquisition, BD generated annual revenue of approximately USD 16 billion in 2017.

  • Growing funding by government organizations


Market Restraints



  • Change from lab-based diagnosis to the point of care diagnosis

  • Lack of laboratory setups in developing and underdeveloped economies


Laboratory Equipment Market Segmentation


By Product Type



  • Incubators: Expected to hold the largest share, owing to the wide range of applications it offers.

  • Centrifuges: These are used in the separation of fluids, gas, or liquid, based on density.

  • Spectrometers: Fastest growing market due to increased product launches in the market. In April 2018, Bruker launched INVENIO Fourier Transform Infrared (FT-IR) research spectrometer.

  • Scopes: Scopes are mostly used in laboratory facilities. Different types of scopes include optical microscopes, electron microscopes, and confocal microscopes, among others.

  • Sonicators: Sonicators work on the principle of applying sound energy to agitate particles in a sample, for various purposes such as the extraction of multiple compounds.

  • Autoclaves: Autoclaves are pressure chambers used to carry out industrial and scientific processes requiring elevated temperature and pressure different from ambient air pressure.

  • Others: The others segment includes various products such as flow cytometers, microarrays, and microplate readers, among others.


By Application



  • Biochemistry: This is expected to be the largest segment, owing to the wide number of biochemical tests that are conducted in clinical as well as diagnostic laboratories.

  • Endocrinology: Endocrinology deals with the endocrine system and its related diseases. The increasing number of different tests is projected to push this segment to be the fastest-growing. Moreover, the share of this segment is expected to increase owing to the rising patient population. For instance, the number of visits to physicians’ offices for endocrine, nutritional, metabolic diseases, and immunity disorders were 69,845 in the US.

  • Microbiology: Microbiology testing is done for the detection of various types of bacteria, viruses, and fungi.

  • Hematology: Hematology is related to the cause, prognosis, treatment, and prevention of diseases related to blood. This segment includes various tests for white blood cells, red blood cells, hemoglobin, platelets, and so on.

  • Genetic Testing: Genetic testing can provide information about a person's genes and chromosomes.

  • Others: The others segment include toxicology and autoimmune diseases, among others.


By End-User



  • Hospitals and Clinics: The largest segment, hospitals and clinics are usually the primary points for diagnosis and treatment of individuals. Growing awareness about new products and increasing use of laboratory equipment are projected to drive the growth of this segment during the forecast period.

  • Diagnostic Laboratories: Diagnostic laboratories conduct various tests to detect the presence of a disease.

  • Others: This segment includes research organizations and academic institutions.


By Region



  • Americas: The largest regional market. Countries such as the US and Canada have well-established laboratories and constitute advanced laboratory systems and instruments. This contributes to the growth of the laboratory equipment market in this region.



  • Europe: The increasing laboratory research, coupled with the rise in the number of research organizations, is expected to boost the growth of the laboratory equipment market in the European region.



  • Asia-Pacific: The Asia-Pacific region is anticipated to be the fastest-growing region in the global laboratory equipment market. This region is seeing a surge in the number of people afflicted with chronic diseases. This demands for improved equipment for disease testing.



  • Middle East & Africa: The smallest market due to limited healthcare infrastructure and limited exposure to technological advancements.


Laboratory Equipment Market Key Players



  • Agilent Technologies, Inc. (US)

  • BD (US)

  • Beckman Coulter, Inc. (US)

  • Bio-Rad Laboratories, Inc. (US)

  • Bruker (US)

  • Eppendorf AG (Germany)

  • Hoffmann LA-Roche AG (Switzerland)

  • PerkinElmer Inc. (US)

  • Shimadzu Corporation (Japan)

  • Thermo Fisher Scientific Inc. (US)

  • Waters (US)



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 58,960 Million
  • 2027: Significant Value
  •   CAGR   7.3% (2019-2025)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product Type, Application, End User
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Agilent Technologies, Inc. (US), BD (US), Beckman Coulter, Inc. (US), Bio-Rad Laboratories, Inc. (US), Bruker (US), Eppendorf AG (Germany), Hoffmann LA-Roche AG (Switzerland), PerkinElmer Inc. (US), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (US), Waters (US)
      Key Market Opportunities   The growing number of clearances and product launches by key players
      Key Market Drivers

  • Increasing research activities in pharmaceutical and biotechnology industries
  • Growing technological advancements
  • Rising need for accurate diagnosis
  • Upsurging support by public and private companies
  • Increasing mergers and acquisitions by prominent players in the market
  • Growing funding by government organizations


  • Frequently Asked Questions (FAQ) :


    A List of laboratory equipment and Their Uses- Incubators, centrifuges, spectrometers, scopes, sonicators, autoclaves, and others. Laboratory equipment are the tools used by lab technicians or scientists to work in a laboratory. These instruments and devices aid in various tasks such as preparation of cell culture mediums for research, analysis of the biological samples of patients, studying tissues for diagnosis of various diseases, and others.

    On the basis of application, the laboratory equipment market is segmented into into biochemistry, endocrinology, microbiology, hematology, genetic testing, and others.

    The laboratory equipment market is projected to reach a valuation of USD 58,960 MN by 2025.

    The laboratory equipment market is projected to grow at approximately 7.3% CAGR during forecast period (2019-2025).

    Increasing research activities in pharmaceutical and biotechnology industries. Growing technological advancements. Rising need for accurate diagnosis. Upsurging support by public and private companies. Increasing mergers and acquisitions by prominent players in the market. Growing funding by government organizations

    North America holds the largest share in the global laboratory equipment market followed by Europe and Asia Pacific, respectively.

    BD (US), Agilent Technologies, Inc. (US), Beckman Coulter, Inc. (US), Bruker (US), Bio-Rad Laboratories, Inc. (US), Eppendorf AG (Germany), PerkinElmer Inc. (US), F. Hoffmann LA-Roche AG (Switzerland), Shimadzu Corporation (Japan), Waters (US), and Thermo Fisher Scientific Inc. (US), are some of the major players operating in the laboratory equipment market.



    This table of content is tentative and subject to change as the research progresses.

    Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.