Latest News - Laboratory Glassware and Plasticware Market: Research institutes are expected to lead the End-user segment during 2024-2028

The Laboratory Glassware and Plasticware Market is being driven by Substantial focus on material selection and designing

The Laboratory Glassware and Plasticware Market is expected to grow at a CAGR of 3.28% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 978.6 million. In today's laboratory environment, the integration of Laboratory Information Management Systems (LIMS) and automation technologies has significantly increased the demand for laboratory glassware and plasticware with advanced tracking capabilities. By utilizing LIMS and inventory management software, end-users can effortlessly monitor and maintain records on the usage and availability of these supplies with minimal manual intervention. In response to this trend, vendors in the laboratory glassware and plasticware market are prioritizing the development of products equipped with innovative tracking technologies, such as 1D and 2D barcoding features. These barcoded labware solutions have gained significant traction among clinical testing and research laboratories, particularly those processing a high volume of sample analyses. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Research institutes
  • Clinical diagnostic centers
  • Academic institutes
• Product
  • Glassware
  • Plasticware
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Asia
  • 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: 

• Substantial focus on material selection and designing
• Rising demand for glassware and plasticware in diagnostic laboratories
• Increasing adoption of disposable plasticware

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

• Stringent regulatory requirement for offering sterile glassware and plasticware
• Cross-contamination issues related to leaching
• Fluctuating prices of raw materials used in plasticware manufacturing

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Market Scope in Laboratory Glassware And Plasticware Market Research Report

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Research Analysis Overview

The Laboratory Glassware and Plasticware market encompasses the production and supply of glass and plastic equipment used in scientific research units, hospitals, diagnostics centers, and educational institutions for various experiments and chemical reactions. Glassware, primarily made of borosilicate glass, is preferred for its heat resistivity and ability to withstand high temperatures during chemical reactions. However, the increasing concern for plastic waste reduction has led to the rise of Plasticware in laboratories. Plasticware offers advantages such as lightweight, shatter-resistant, and cost-effective. Yet, its use in laboratories is limited due to its lower heat resistivity compared to glass. New drugs and pharmaceutical research require specialized glassware and plasticware to ensure accurate results. Recyclability is a crucial factor in the selection of laboratory glassware and plasticware, making sustainable options essential for the industry's future. Overall, the market for laboratory glassware and plasticware is diverse, catering to the unique needs of various scientific applications.

Market Research Overview

The global life sciences tools and services market encompasses businesses involved in the research and development (R&D) of a range of product categories, including capital equipment, instruments, accessories, and consumables. These products are utilized in the production of pharmaceuticals, biotechnology products, and laboratory diagnosis of diseases. Additionally, the market includes life sciences-related services such as contract research, manufacturing, and sales. According to Technavio, the healthcare market size is determined by the consolidated revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services. Factors driving growth in the life science tools and services market include the increasing global population aging, with a predicted rise in those over 60 years, and the subsequent demand for healthcare solutions. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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