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

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)

Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Laboratory Equipment Market, by Product Type

1.1.2. Global Laboratory Equipment Market, by Application

1.1.3. Global Laboratory Equipment Market, by End User

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Data Mining

3.3. Secondary Research

3.4. Primary Research

3.5. Breakdown of Primary Respondents

3.6. Forecasting Techniques

3.7. Research Methodology for Market Size Estimation

3.8. Bottom-Up Approach

3.9. Top-Down Approach

3.10. Data Triangulation

3.11. Validation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis

5.2.1. R&D and Designing

5.2.2. Manufacturing

5.2.3. Distribution & Sales

5.2.4. Post Sales Services

6. GLOBAL LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE

6.1. Overview

6.2. Incubators

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3. Centrifuges

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4. Spectrometers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.5. Scopes

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.6. Sonicators

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.7. Autoclaves

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.8. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7. GLOBAL LABORATORY EQUIPMENT MARKET, BY APPLICATION

7.1. Overview

7.2. Biochemistry

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3. Endocrinology

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.4. Microbiology

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.5. Haematology

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.6. Genetic Testing

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.7. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8. GLOBAL LABORATORY EQUIPMENT MARKET, BY END USER

8.1. Overview

8.2. Hospitals and Clinics

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.3. Diagnostic Laboratories

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.4. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9. GLOBAL LABORATORY EQUIPMENT MARKET, BY REGION

9.1. Overview

9.2. Americas

9.2.1. North America

9.2.1.1. US

9.2.1.2. Canada

9.2.2. Latin America

9.3. Europe

9.3.1. Western Europe

9.3.1.1. Germany

9.3.1.2. France

9.3.1.3. Italy

9.3.1.4. Spain

9.3.1.5. UK

9.3.1.6. Rest of Western Europe

9.3.2. Eastern Europe

9.4. Asia-Pacific

9.4.1. Japan

9.4.2. China

9.4.3. India

9.4.4. Australia

9.4.5. South Korea

9.4.6. Rest of Asia-Pacific

9.5. Middle East & Africa

9.5.1. Middle East

9.5.2. Africa

10. COMPANY LANDSCAPE

10.1. Overview

10.2. Competitor Dashboard

10.3. Major Growth Strategy in the Global Laboratory Equipment Market

10.4. Competitive Benchmarking

10.5. The Leading Player in terms of Number of Developments in the Global Laboratory Equipment Market

10.6. Key Developments & Growth Strategies

10.7. Major Players Financial Matrix & Market ratio

11. COMPANY PROFILES

11.1. Agilent Technologies, Inc.

11.1.1. Company Overview

11.1.2. Products/Services Offered

11.1.3. Financial Overview

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. BD

11.3. Beckman Coulter, Inc.

11.4. Bio-Rad Laboratories, Inc.

11.5. Bruker

11.6. Eppendorf AG

11.7. F. Hoffmann LA-Roche AG

11.8. PerkinElmer Inc.

11.9. Shimadzu Corporation

11.10. Thermo Fisher Scientific Inc.

11.11. Waters

11.12. Others

12. APPENDIX

12.1. References

12.2. Related Reports


LIST OF TABLES

TABLE 1 GLOBAL LABORATORY EQUIPMENT MARKET SYNOPSIS, 2020-2027

TABLE 2 GLOBAL LABORATORY EQUIPMENT MARKET ESTIMATES & FORECAST, 2020-2027 (USD MILLION)

TABLE 3 GLOBAL LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 4 GLOBAL LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 5 GLOBAL LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 6 GLOBAL LABORATORY EQUIPMENT MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 7 NORTH AMERICA: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 8 NORTH AMERICA: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 9 NORTH AMERICA: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 10 US: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 11 US: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 12 US: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 13 CANADA: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 14 CANADA: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 15 CANADA: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 16 LATIN AMERICA: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 17 LATIN AMERICA: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 18 LATIN AMERICA: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 19 EUROPE: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 20 EUROPE: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 21 EUROPE: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 22 WESTERN EUROPE: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 23 WESTERN EUROPE: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 24 WESTERN EUROPE: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 25 EASTERN EUROPE: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 26 EASTERN EUROPE: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 27 EASTERN EUROPE: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 28 ASIA-PACIFIC: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 29 ASIA-PACIFIC: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 30 ASIA-PACIFIC: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 31 MIDDLE EAST & AFRICA: LABORATORY EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 32 MIDDLE EAST & AFRICA: LABORATORY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 33 MIDDLE EAST & AFRICA: LABORATORY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)


LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL LABORATORY EQUIPMENT MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL LABORATORY EQUIPMENT MARKET

FIGURE 4 GLOBAL LABORATORY EQUIPMENT MARKET SHARE, BY PRODUCT TYPE, 2020 (%)

FIGURE 5 GLOBAL LABORATORY EQUIPMENT MARKET SHARE, BY APPLICATION, 2020 (%)

FIGURE 6 GLOBAL LABORATORY EQUIPMENT MARKET SHARE, BY END USER, 2020 (%)

FIGURE 7 GLOBAL LABORATORY EQUIPMENT MARKET SHARE, BY REGION, 2020 (%)

FIGURE 8 AMERICAS: LABORATORY EQUIPMENT MARKET SHARE BY REGION, 2020 (%)

FIGURE 9 NORTH AMERICA: LABORATORY EQUIPMENT MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 10 EUROPE: LABORATORY EQUIPMENT MARKET SHARE, BY REGION, 2020 (%)

FIGURE 11 WESTERN EUROPE: LABORATORY EQUIPMENT MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 12 ASIA-PACIFIC: LABORATORY EQUIPMENT MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 13 MIDDLE EAST & AFRICA: LABORATORY EQUIPMENT MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 14 GLOBAL LABORATORY EQUIPMENT MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

FIGURE 15 AGILENT TECHNOLOGIES, INC.: KEY FINANCIALS

FIGURE 16 AGILENT TECHNOLOGIES, INC.: SEGMENTAL REVENUE

FIGURE 17 AGILENT TECHNOLOGIES, INC.: REGIONAL REVENUE

FIGURE 18 BD: KEY FINANCIALS

FIGURE 19 BD: SEGMENTAL REVENUE

FIGURE 20 BD: REGIONAL REVENUE

FIGURE 21 BECKMAN COULTER, INC.: KEY FINANCIALS

FIGURE 22 BECKMAN COULTER, INC.: SEGMENTAL REVENUE

FIGURE 23 BECKMAN COULTER, INC.: REGIONAL REVENUE

FIGURE 24 BIO-RAD LABORATORIES, INC.: KEY FINANCIALS

FIGURE 25 BIO-RAD LABORATORIES, INC.: SEGMENTAL REVENUE

FIGURE 26 BIO-RAD LABORATORIES, INC.: REGIONAL REVENUE

FIGURE 27 BRUKER: KEY FINANCIALS

FIGURE 28 BRUKER: SEGMENTAL REVENUE

FIGURE 29 BRUKER: REGIONAL REVENUE

FIGURE 30 F. HOFFMANN LA-ROCHE AG: KEY FINANCIALS

FIGURE 31 F. HOFFMANN LA-ROCHE AG: SEGMENTAL REVENUE

FIGURE 32 F. HOFFMANN LA-ROCHE AG: REGIONAL REVENUE

FIGURE 33 PERKINELMER INC.: KEY FINANCIALS

FIGURE 34 PERKINELMER INC.: SEGMENTAL REVENUE

FIGURE 35 PERKINELMER INC.: REGIONAL REVENUE

FIGURE 36 SHIMADZU CORPORATION: KEY FINANCIALS

FIGURE 37 SHIMADZU CORPORATION: SEGMENTAL REVENUE

FIGURE 38 SHIMADZU CORPORATION: REGIONAL REVENUE

FIGURE 39 THERMO FISHER SCIENTIFIC INC.: KEY FINANCIALS

FIGURE 40 THERMO FISHER SCIENTIFIC INC.: SEGMENTAL REVENUE

FIGURE 41 THERMO FISHER SCIENTIFIC INC.: REGIONAL REVENUE

FIGURE 42 WATERS: KEY FINANCIALS

FIGURE 43 WATERS: SEGMENTAL REVENUE

FIGURE 44 WATERS: REGIONAL REVENUE



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.

Laboratory Equipment Market