Latest News- Laboratory Disposables Market: Pharmaceutical and biotechnology companies is expected to lead the End-user segment during 2024-2028

The Laboratory Disposables Market is being driven by Increasing research studies

The Laboratory Disposables Market is expected to grow at a CAGR of 10.03% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11175.7 million. In the laboratory sector, escalating costs and frequent experiment failures have fueled the demand for automation in devices. Automated laboratory equipment, including microplate readers, automated liquid handling systems, and synthetic biology workstations, significantly decrease overall laboratory expenses and minimize sample wastage. These devices utilize disposables such as tips, microplates, and vials, which are disposable and do not necessitate human intervention. The implementation of automated laboratory systems results in a reduction of inventory depletion costs. This is primarily due to the fact that a significant portion of laboratory consumables, which have short expiry dates, are often discarded and can lead to inaccurate experiment results. 

Get more information on Laboratory Disposables Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Pharmaceutical and biotechnology companies
  • Research and academic institutions
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • India
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing research studies
• Increasing diagnostic laboratories
• Increasing adoption of laboratory disposables in emerging countries

However, the market also witnesses some limitations, which are as follows:

• Lack of differentiation among vendors
• Increasing non-recyclable wastes from laboratory disposables
• Quality and private labeling issues

Benefits of Buying Global Laboratory Disposables Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Laboratory Disposables Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Laboratory Disposables Market encompasses a wide range of equipment and tools used in various applications, including analytical testing, research, clinical trials, molecular diagnostics, drug discovery, pharmaceutical manufacturing, in vitro diagnostics, point-of-care testing, microfluidic devices, synthetic biology, tissue engineering, regenerative medicine, precision medicine, personalized medicine, digital pathology, artificial intelligence, machine learning, big data analytics, cloud computing, data management, and laboratory automation. These products cater to diverse industries, such as biotechnology, pharmaceuticals, and healthcare, and include lab automation systems, lab-on-a-chip technology, sample preparation and handling equipment, liquid handling systems, sample storage solutions (including cryogenic storage), biological safety cabinets, fume hoods, infection control systems, quality assurance and quality control tools, and service contracts, all adhering to regulatory requirements.

Market Research Overview

The laboratory disposables segment, encompassing pipette tips, centrifuge tubes, petri dishes, microscope slides, and lab coats, falls under the broader umbrella of the global healthcare supplies market. This market encompasses businesses involved in the research and development of various medical consumable product categories. According to Technavio, the healthcare supplies market size is determined by the consolidated revenue generated by manufacturers of medical supplies, including syringes, drapes, gloves, and gowns. Key growth drivers for this market include the increasing global population aging, with the proportion of individuals above 60 years projected to reach nearly 25% in the US by 2050 and Europe by 2030.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/