Global lab supplies market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the recent rise of online purchasing trend of lab supplies and equipments, along with the need for developing effective therapeutics for chronic diseases. Few of the major competitors currently working in the global lab supplies market are PerkinElmer Inc., VWR International, LLC, Thermo Fisher Scientific, WATERS, Merck & Co., Inc., Danaher, Spectrum Chemical Manufacturing Corp., Pace Analytical Services, LLC, Eppendorf AG, Agilent Technologies, Inc., Hettich Instruments, John Barron_Reagecon, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Camlab Ltd, Bellco Glass, Eurofins Scientific, Medline Scientific Limited, DWK Life Sciences, VITLAB GmbH, Crystalgen, Inc., SKS Science Products, Citotest Labware Manufacturing Co., Ltd., Elkay Laboratory Products, Pathtech and BRAND GMBH + CO KG.
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Global Lab Supplies Market By Equipment (General Equipment, Support Equipment, Specialty Equipment, Analytical Equipment, Others), End-User (Academic Institutes, Clinical & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Competitive Analysis: Global Lab Supplies Market
Global lab supplies market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lab supplies market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Lab Supplies Market
Lab supplies are equipments, consumables devices and machines that are utilized in research, diagnostic and manufacturing applications of various chemicals, drugs and pharmaceutical therapeutics. These supplies also include safety equipments and apparels so that no side effects are experienced by the individuals conducting the research activities.
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- Availability of supplier information and the brand history from verified sources online is expected to drive the growth of the market
- Rise in the number of testing organizations, along with growth of biotechnology and pharmaceutical industries, this factor is expected to drive the growth of the market growth
- Rise in the levels of applications of these equipments in educational & research institutes, this factor is expected to drive the growth of the market
- Requirement of complying with certain regulations associated with the different regions of the world are factors restraining the growth of the market
- High costs associated with the manufacturing because of the costs associated with the raw material
Segmentation: Global Lab Supplies Market
- General Equipment
- Support Equipment
- Specialty Equipment
- Analytical Equipment
- Academic Institutes
- Clinical & Diagnostic Laboratories
- Pharmaceutical & Biotechnology Companies
Key Developments in the Market:
- In November 2018, John Barron_Reagecon announced that they had entered into a distribution agreement with “Beijing Thorigin”. The agreement has come into place for the distribution and after sales services of Reagecon products which will be supplied from Shanghai office of Reagecon. The recently expanded products portfolios which will be distributed to an expanded geographical area are aimed at life sciences applications, environmental and geology applications.
- In December 2017, Eurofins Scientific announced that they had completed the acquisition of EAG Laboratories. The acquisition was agreed at an approximate USD 780 million, this acquisition will expand the capabilities of Eurofins specifically in the materials and engineering sciences.
Reasons to Purchase this Report
- Current and future of global lab supplies market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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