Lab Consumables Global Market Report 2023: Emergence of PCR as a Preferred COVID-19 Detection Method Benefits Demand for Associated Lab Consumables

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May 30, 2023, 19:45 ET

DUBLIN, May 30, 2023 /PRNewswire/ -- The "Lab Consumables - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Lab Consumables Market to Reach $17.2 Million by 2030

In the changed post COVID-19 business landscape, the global market for Lab Consumables estimated at US$12.1 Million in the year 2022, is projected to reach a revised size of US$17.2 Million by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Healthcare & Pharmaceuticals, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$9.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Research Organizations & Institutes segment is readjusted to a revised 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.3 Million, While China is Forecast to Grow at 7.6% CAGR

The Lab Consumables market in the U.S. is estimated at US$3.3 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Million by the year 2030.

Select Competitors (Total 353 Featured)-

Bellco Glass Inc
BRAND Scientific Equipment Private Limited
Camlab Ltd
Citotest Labware Manufacturing Co., Ltd.
Crystalgen Inc
DWK Life Sciences GmbH
Edulab
Eppendorf SE
Pathtech
Reagecon Diagnostics Ltd
SKS Science Products
Spectrum Chemical Mfg. Corp.
Starlab Group
Thermo Fisher Scientific
VITLAB GmbH

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Lab Consumables: A Prelude
Impact of Covid-19 and a Looming Global Recession
Laboratory Equipment and Supplies industry Experience Mixed Impact
Supply Shortfalls Ripple across Laboratory Consumables Domain amid Pandemic
Factors Causing Price Escalations
Labs Hustle to Make Changes to Maintain Supplies of Consumables
Global Economic Update
From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions"
Here's How Inflationary Pressures Affect the Economy
Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
Here's What's Causing Inflationary Pressures in the Global Market
War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
Lab Consumables - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Recent Market Activity
WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Trends in Life Science Research Sector Support Demand
Growth in 3D Cell Culture Markets to Boost Demand
Global 3D Cell Culture Market in US$ Million: 2020 - 2026
Emergence of PCR as a Preferred COVID-19 Detection Method Benefits Demand for Associated Lab Consumables
Digital PCR Takes Quantification of Nucleic Acids to the Next Level
Global qPCR and dPCR Market in US$ Million: 2020-2026
Growing Focus on Next Generation Sequencing to Accelerate Consumption
Rapid Growth in Biopharma Industry and Rising Investments in R&D to Boost Market Prospects
Global BioPharmaceuticals Market in US$ Billion: 2020 and 2026
Increasing Application of Chromatography Spurs Demand for Chromatography Consumables
Global Chromatography Market (2022): Percentage Share Breakdown of Value Sales by Chromatography Techniques
Growing R&D Spending in Pharma Sector Presents Opportunities
Pharmaceutical R&D Spending Worldwide (USD Billion) for 2015-2025
Expanding Presence of Contact Research Organizations to Drive Demand for Various Lab Consumables
Global Contract Research Outsourcing Market in US$ Billion: 2020-2026
Pharmaceutical & Biopharmaceutical Trends to Support CRO Penetration
Global Biopharma % R&D Outsourcing (2014-2022)
Lab Consumables Enjoy Demand amid Growing Investments in Biotechnology R&D
Growing Importance of Sustainability in Lab Consumables
Tip Re-Use Gains Focus
Innovations in Pipette Tip Technology Supports Demand
Increase in Healthcare Spending to Propel Demand for Life Science Tools
Current & Required Healthcare Spending as % of GDP across Select Countries
World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023E
Lab 4.0 to Reduce Consumption of Lab Consumables
Custom Manufacturing Advantageous for Labs

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/1o7o8e

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