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How has the laboratory accessories market grown over the years?

The market for laboratory accessories has witnessed robust growth in recent times. It’s predicted to expand from $613.47 billion in 2024 to $665.58 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 8.5%. This historical growth is accredited to advances in life sciences research and clinical laboratory tests, a surge in the occurrence of numerous infectious diseases, escalating demand for lab tests, a heightened focus on worldwide health apprehensions, and a rise in the count of hospitals.

What Is the forecasted market size and growth rate for the laboratory accessories market?

The size of the laboratory accessories market is predicted to witness notable growth in the upcoming years. By 2029, it is projected to increase to $915.07 billion, with a compound annual growth rate (CAGR) of 8.3%. This anticipated growth during the forecast period can be associated with the expansion of laboratory infrastructure in developing countries, increased focus on sustainable and environmentally friendly laboratory methodologies, growing demand for compatible accessories, intensifying drug therapies research and development, and an uptick in diagnostic tests. Key emerging trends for the forecast period entail progress in laboratory technology, automation, digital solutions, technological advancements, intelligent lab technologies, and the incorporation of artificial intelligence (AI) and machine learning (ML) in laboratory operations.

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What are the major factors driving growth in the laboratory accessories market?

The growth of the laboratory accessories market is predicted to be spurred by an increase in diagnostic tests. Diagnostic tests are medical procedures used to detect the existence, characteristics, or reasons for a disease or condition in patients. This upsurge in diagnostic tests results from heightened patient expectations, requirements for chronic disease management, improved access to healthcare, and genetic testing. Laboratory accessories play a crucial role in every step of the diagnostic testing sequence, involving everything from gathering and preparing the sample to its analysis and documentation. This assures the precision, effectiveness, and safety of diagnostic exams, resulting in dependable and effective outcomes for patient care. For example, England reported 45.0 million imaging tests in March 2023, according to the Diagnostic Imaging Dataset Annual Statistical, a UK-based government entity, an increase from the previous year’s 44.0 million. This represents a growth of 2.2%. Therefore, the rising number of diagnostic tests is a driving force for the laboratory accessories market.

What key areas define the segmentation of the global laboratory accessories Market?

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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What are the top market players propelling the growth of the laboratory accessories industry?

Major companies operating in the laboratory accessories market are Thermo Fisher Scientific Inc., The Merck Group, Agilent Technologies Inc., Sartorius AG, PerkinElmer Inc., Mettler-Toledo International Inc., Endress+Hauser Group Services AG, Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Horiba Ltd., Eppendorf AG, Metrohm AG, Hamilton Company, Analytik Jena AG, Labconco Corporation, Rigaku Corporation, Biotix Inc., SP Industries Inc, Corning Incorporated, Tecan Group Ltd.

What key trends are currently impacting the laboratory accessories market’s development?

Major companies in the laboratory accessories market are concentrating their efforts on innovating new products like automated plasmid purification systems that offer high-throughput solutions, enhance reproducibility, and further advanced applications in fields like molecular biology, clinical diagnostics, and pharmaceutical development. An automated plasmid purification system is a cutting-edge laboratory tool engineered to simplify the process of separating plasmid DNA (pDNA) from bacterial cultures without the need for human interference. For example, Thermo Fisher Scientific, an American life science and clinical research company, unveiled the Thermo Scientific KingFisher PlasmidPro Maxi Processor, a fully-automated maxi-scale plasmid DNA (pDNA) purification system in June 2024. The system is expected to improve the purification process and thus boost the effectiveness of lab workflows dedicated to therapy discovery and development. The primary aim of this innovation is to minimize manual errors, improve throughput, and focus on molecular biology and genetic research.

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What regions are dominating 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.

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