Discover trends, market shifts, and competitive outlooks for the laboratory accessories industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has the Laboratory Accessories Market Growth Performance Trended Historically, And What Lies Ahead?3

In recent times, there has been a robust growth in the market size for laboratory accessories. From a projected $613.47 billion in 2024, it’s set to rise to $665.58 billion in 2025 with a compound annual growth rate (CAGR) of 8.5%. This growth during the historical period is a result of factors such as the expansion in life sciences research and clinical laboratory testing, an amplified prevalence of numerous infectious diseases, a surge in the demand for laboratory testing, a rising emphasis on global health issues, and an increase in the count of hospitals.

The market size of laboratory accessories is projected to witness substantial growth in the coming years. The market is estimated to reach $915.07 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.3%. This predicted growth during the forecast period can be attributed to several factors such as the development of laboratory infrastructure in developing economies, the growing focus on sustainable and eco-friendly lab practices, soaring demand for compatible accessories, increasing research and development in drug therapies, and a rise in diagnostic tests. Key trends in this period include improvements in lab technology, the use of automation and digital solutions, technological advancements, the emergence of smart lab technologies, and the incorporation of artificial intelligence (AI) and machine learning (ML) into lab processes.

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What Are the Core Market Drivers Propelling Growth in the Laboratory Accessories Industry?

The upward trajectory of diagnostic tests is anticipated to fuel the expansion of the laboratory accessories market in the future. Diagnostic assessments are essentially medical strategies aimed at detecting the existence, type, or source of a disease or condition in patients. The upsurge in these testing procedures can be attributed to enhanced healthcare reach, the requirement of managing long-term illnesses, elevated patient anticipations, and genetically-based tests. Lab accessories play a crucial role at every level of the diagnostic testing progression, including specimen collection and processing to evaluation and recording. These instruments assure the precision, effectiveness, and security of diagnostic tests, eventually yielding reliable and actionable outcomes for patient treatment. For example, the Diagnostic Imaging Dataset Annual Statistics, a governmental organization in the UK, reported in November 2023 that 45.0 million imaging tests were conducted in England in March 2023, indicating an escalation from 44.0 million during the prior year, reflecting a growth of 2.2%. Consequently, the escalating count of diagnostic tests stimulates the laboratory accessories market.

What Segment Types Define the Laboratory Accessories Market Structure?

The laboratory accessories market covered in this report is segmented –

1) By Product Type: Instruments, Glassware, Lab Tables, Consumables, Other Product Types

2) By Laboratory Type: Clinical And Diagnostics Labs, Pharma, Biotech, And Medical Device Companies, Academic And Research Lab, Other Laboratory Types

3) By Application: Academic, Hospitals, Private Laboratories, Biotechnology, Other Applications

Subsegments:

1) By Instruments: Laboratory Analyzers Or Centrifuges Or Microscopes Or Spectrophotometers Or Ph Meters

2) By Glassware: Beakers Or Flasks Or Test Tubes Or Pipettes And Burettes Or Petri Dishes

3) By Lab Tables: Workbenches Or Laboratory Island Tables Or Height-Adjustable Lab Tables Or Chemical-Resistant Tables

4) By Consumables: Gloves And Lab Coats Or Filters And Membranes Or Test Strips Or Disposable Pipettes Or Culture Media

5) By Other Product Types: Lab Safety Equipment Or Storage Solutions Or Lab Cleanliness Products

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Which Regions Are Driving the Next Phase of the Laboratory Accessories Market Growth?

North America was the largest region in the laboratory accessories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laboratory accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Market Trends in the Laboratory Accessories Market Over the Coming Years?

Leading companies in the lab accessories market are concentrating on creating cutting-edge products such as the automated plasmid purification system. This system maximizes productivity, guarantees consistency, and supports advanced applications in molecular biology, clinical diagnostics, and pharmaceutical advances. The automated plasmid purification system is a state-of-the-art lab tool engineered to expedite the isolation of plasmid DNA (pDNA) from bacterial cultures without human interaction. For instance, Thermo Fisher Scientific, an American life science and clinical research firm, introduced the Thermo Scientific KingFisher PlasmidPro Maxi Processor in June 2024. This advanced pDNA purification system aims to improve the purification process and maximize the efficiency of lab workflows involved in therapy discovery and development. Furthermore, it aims to enhance throughput and minimize human errors, specifically in molecular biology and genetic research.

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What Is the Definition of the Laboratory Accessories Market?

Laboratory accessories refer to the various tools and equipment used to support and enhance the functionality of laboratory operations. These accessories ensure accuracy, efficiency, and safety in various scientific, medical, and research environments. Laboratory accessories are integral to the functioning of any laboratory, supporting the primary equipment and enabling researchers to conduct experiments and analyses with greater efficacy and safety.

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