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. The rising laboratory expenses and frequent experiment failures have propelled the laboratory industry towards automation. Automated laboratory devices, including microplate readers, automated liquid handling systems, and synthetic biology workstations, significantly decrease overall laboratory costs and minimize sample wastage. These systems utilize disposable items such as tips, microplates, and vials, which do not necessitate human intervention and can be disposed of after use. By implementing automated laboratory systems, the inventory depletion cost is minimized. This is due to the fact that a substantial portion of laboratory consumables, which have short expiry dates, often result in wasted investments and inaccurate experiment results.

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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
- Forensic Laboratories
- Food Testing Laboratories
- Environmental Testing Laboratories
- Pathology Laboratories
Product Types
- Pipettes
- Tips
- Syringes
- Gloves
Material Type
- Plastic
- Glass
- Rubber
Application
- Cell Culture
- Diagnostics
- Molecular Biology
- Drug Development
Geography
- North America
  - Canada
  - US
- Europe
  - Germany
  - UK
  - France
  - Netherlands
- Asia
  - China
  - India
  - Japan
  - South Korea
- 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

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Market Scope in Laboratory Disposables Market Research Report

Market Scope
Report Coverage	Details
Page number	147
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 10.03%
Market growth 2024-2028	USD 11175.7 million
Market structure	fragmentation
YoY growth 2023-2024(%)	8.88
Key countries	US, China, UK, Germany, India, Japan, Canada, UAE, Brazil, South Korea, France, Netherlands, Australia, South Africa, Rest of World (ROW), US, China, UK, Germany, India, Japan, Canada, UAE, Brazil, South Korea, France, and Netherlands
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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

Research Analysis Overview

The Laboratory Disposables Market encompasses a range of products including PCR consumables, ELISA kits, sequencing reagents, biocompatible materials, non-pyrogenic products, dnase/rnase-free items, sterile filtration systems, microscopic analysis tools, sample storage solutions, tissue culture supplies, cell line maintenance media, and reagents for drug discovery, clinical trials, point-of-care diagnostics, personalized medicine, vaccine development, and biosimilar production. Additionally, this market caters to quality control testing, validation studies, regulatory compliance, batch tracking, inventory management, supply chain management, product traceability, digital solutions, data management systems, lab automation software, and other related applications.

Market Research Overview

The laboratory disposables segment is a significant subset of the expansive global healthcare supplies market. This market encompasses businesses and research institutions involved in the research and development of various medical consumables, including laboratory glassware such as beakers, test tubes, culture plates, petri dishes, microscope slides, centrifuge tubes, and volumetric flasks. According to Technavio's market analysis, the global healthcare supplies market is projected to grow substantially due to several key drivers. One such factor is the increasing aging population. By 2050, approximately one-quarter of the US population and Europe's population by 2030 are projected to be over 60 years old, leading to a higher demand for medical supplies and laboratory disposables in the healthcare sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

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/

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