Laboratory (lab) accessories refer to tools used for conducting scientific research or experiments, and may also be used for teaching practical science. Lab accessories play a crucial role in providing reliable, accurate, and expeditious outcomes. Lab accessories are portable and are used in hospitals, clinics, diagnostic centers, and pathological centers among others. Laboratory accessories include laboratory instruments, general laboratory equipment, glassware, consumables, and other accessories.
In 2014, National Science Foundation’s (NSF) annual Business Research and Development and Innovation Survey (BRDIS) tracked the research activities of 46,000 companies. According to the survey, drug companies have increased their investments in research & development from US$ 3 billion in 2008 to US$ 8.1 billion in 2014. NSF also stated that there is slow yet steady rise in spending on basic research by universities and private foundations. These factors are expected to boost the global laboratory accessories market growth over the forecast period.
Global Laboratory Accessories Market Drivers:-
Continuous laboratory product launches due to increasing demand for laboratory accessories is expected to support the global laboratory accessories market growth over the forecast period. There is a continuous increase in demand for laboratory accessories, due to growing competition in pharmaceutical and diagnostic industries (as laboratory accessories are basic requirements to run a laboratory). In order to meet the ever growing demand for lab accessories, manufacturers have to keep on introducing newer products with advanced technology to support the laboratory automation.
For instance, along with conventional lab accessories, products such as microplates and modular lab tables are also gaining popularity. Technological advancements for improving utility and ease of handling are expected to support growth of the global laboratory accessories market over the forecast period. Products offered by manufacturers such as Thermo Fisher Scientific include Dimension 4 Modular Lab Tables, Microplate Carousel, Plate Feeder Carousel, and Microplate Delidders. Dimension 4 Modular Lab Tables provide a highly scalable, flexible, and a stable platform for lab systems and work stations. Micro Plate Carousel provides access to 104 deep well microplates and 200 microplates. Microplate Delidders automate the storage and replacement of lids, and storage of microplates.
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• Current and future of global Laboratory Accessories market outlook in the developed and emerging markets
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• The latest developments, market shares, and strategies that are employed by the major market players
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These products provide flexible, reliable, and accurate automation solutions for all kinds of applications such as automated storage of stacked microplates, quick filling of the microplates, and others. These also provide efficiency, save time which helps in maintaining the quality of products, increasing production and reducing operating costs. According to National Science Foundation (NSF), the expenditure on laboratory automation has increased between 2010 and 2017 which, in turn is predicted to boost growth of the global laboratory accessories market over the forecast period.
Moreover, demand for diagnosis of infectious disease is also increasing due to higher prevalence of several infectious diseases. According to the World Health Organization (WHO), an estimated 36.7 million people were suffering from HIV in 2016. There is also a considerable increase in the number of agencies who are funding research such as Science and Technology Application for Rural Development (STARD) 2015 and Intensification of Research in Higher Priority Areas (IRHPA) 2016, among others. These factors are expected to boost the global laboratory accessories market growth over the forecast period as lab accessories would be required to run the laboratories.
Global Laboratory Accessories Market Regional Insights:-
North America laboratory accessories market is expected to witness significant growth over the forecast period. Presence of leading manufacturers, robust research and development activities, and continuous demand for lab accessories is expected to support the global laboratory accessories market growth over the forecast period. For instance, manufacturers such as Thermo Fisher Scientific have strong presence in North America.
The Europe laboratory accessories market is also expected to witness significant growth over the forecast period due to rising disease prevalence and increasing research and development of drug therapies. According to the World Health Organization (WHO), there is a considerable increase in the number of patients suffering from measles during 2016-2017 in Europe, which would in turn increase the number of disease diagnosis centers in the region. These factors are expected to support the global laboratory accessories market growth in the respective regions.
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Key players of Global Laboratory Accessories Market:-
Key players operating in the global laboratory accessories market include Thermo Fisher Scientific, Tecan group, Becton, Dickinson and Company, Corning Incorporated, Bio-Rad Laboratories, Hamilton Company, Analytik Jena, Greiner Bi-one, and Brooks Automation.
Global Laboratory Accessories Market Taxonomy:
By Product Type
- Conductivity Instruments
- Balances & Scale
- Autoclaves & Sterilization Products
- Lab Tables
By End User
- Private Labs
- Research Institutes
- Pathology Centers
- North America
- Latin America
- Asia Pacific
- Middle East
Major Point Answered in Laboratory Accessories Market Research Study are: –
• What will the market growth rate, Overview and Analysis by Type of Laboratory Accessories market in 2026?
• What are the key factors driving, Analysis by Applications and Countries Laboratory Accessories market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Laboratory Accessories market?
• Who are Opportunities, Risk and Driving Force of Laboratory Accessories market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
• Who are the key vendors in Laboratory Accessories market space? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Laboratory Accessories market opportunities and threats faced by the vendors in the market?
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