laboratory disposables market Report Overview
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The global laboratory disposables market size was USD 14720 million in 2021 and the market is projected to touch USD 26064 million by 2032 at a CAGR of 5.3% during the forecast period.
They are equipment used in the lab that does not have a limited use capacity. The equipment typically is limited in its number of uses before it is disposed of. They include items such as pipettes, syringes, gloves, masks, filter paper, test tubes, plates, cuvettes, and more.
They are used for various purposes, such as sample collection, preparation, analysis, storage, and disposal. They help to prevent contamination, cross-infection, and human error that may affect the quality and validity of the test results. They also help to comply with the regulatory standards and guidelines for laboratory practices
COVID-19 Impact: Pandemic Increased the Market Demand
The global COVID-19 pandemic has been unprecedented and staggering, with the Laboratory disposables market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic has had a significant impact on the laboratory disposables market share. One of the ways that the pandemic has increased the demand for disposable items such as gloves, masks, and other personal protective equipment (PPE), as well as laboratory disposables for COVID-19 testing and diagnosis, is by creating a global shortage of these items. The unprecedented surge in the demand for these items has exceeded the supply capacity of many manufacturers and distributors, leading to a scarcity and a price hike of these items in many countries and regions. This has also resulted in a black market and a counterfeit market for these items, where some unscrupulous sellers and buyers exploit the situation and sell or buy low-quality or fake products that may pose health risks to the users. Moreover, the pandemic has also increased the demand for these items by creating a new customer segment for these items. Apart from the healthcare workers and patients, who are the primary users of these items, many other people, such as general public, travellers, students, workers, and researchers, have also started to use these items for personal protection and prevention. This has expanded the market size and scope of these items.
Latest Trends
"Adoption of Biodegradable and Eco-Friendly Materials to Fuel the Growth in the Market"
One of the recent trends in the market is the adoption of biodegradable and eco-friendly materials for manufacturing them. This trend is driven by the growing environmental awareness and the need to reduce waste generation and disposal costs. Some examples of biodegradable laboratory disposables are paper-based pipette tips, cellulose-based filter papers, and corn starch-based centrifuge tubes. These items are designed to decompose naturally after use, without causing any harm to the environment. They also help to save resources and energy that would otherwise be used for producing and disposing of plastic-based laboratory disposables.
laboratory disposables market Segmentation
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- By Type Analysis
According to type, the market can be segmented into laboratory consumables and laboratory wearables.
- By Application Analysis
Based on age, the market can be divided into pharmaceutical and biotechnology companies and research and academic institutions.
Driving Factors
"Increasing Volume of Clinical Laboratory Tests to Foster the Market Growth"
The increasing volume of clinical laboratory tests and life science research investigations, which require a constant and reliable supply for accuracy and safety. They are used for various purposes, such as sample collection, preparation, analysis, storage, and disposal. They help to prevent contamination, cross-infection, and human error that may affect the quality and validity of the test results. They also help to comply with the regulatory standards and guidelines for laboratory practices. The rising public health concerns and the need for early diagnosis and treatment of various diseases, which increase the demand for them for disease detection and prevention. They also help to evaluate the efficacy and safety of various drugs and vaccines that are used for treating these diseases.
"Technological Advancements in Chemical and Biological Research to drive the Market Demand"
The technological advancements in chemical and biological research, which enable the development of new and innovative laboratory disposables that offer better performance and functionality. Laboratory disposables are constantly evolving to meet the changing needs and demands of the research community. They incorporate new features, such as microfluidics, nanotechnology, automation, and smart sensors that enhance their efficiency and effectiveness. They also enable new applications, such as point-of-care testing, personalized medicine, and biosensors that expand the scope and potential of laboratory research. Laboratory disposables are essential for conducting various tests and assays that help to identify and monitor various diseases, such as cancer, diabetes, cardiovascular diseases, infectious diseases, and genetic disorders.
Restraining Factor
"High Cost to Hamper the Market Growth"
One of the factors that may restrain the growth of the market is the high cost of some laboratory disposables, especially those that are made of advanced materials or have complex designs. The high cost may limit the affordability and accessibility of some laboratory disposables for some end-users, especially in developing countries or regions with low healthcare spending.
laboratory disposables market Regional Insights
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"Asia Pacific to Lead the Market Owing to Increasing Adoption of Clinical Diagnostic Testing"
The Asia Pacific region has shown the highest laboratory disposables market growth. The increasing adoption of clinical diagnostic testing, especially for COVID-19 and other infectious diseases, which boosts the demand for them such as swabs, test kits, and reagents. This region has been severely affected by the COVID-19 pandemic, which has increased the need for rapid and accurate testing and diagnosis. Moreover, this region also faces a high burden of other infectious diseases, such as tuberculosis, malaria, dengue, and hepatitis, which require regular and reliable testing and monitoring. The Asia-Pacific region accounts for more than half of the global population and more than two-thirds of the global disease burden.
Key Industry Players
"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market "
All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.
List of Market Players Profiled
- 3M (U.S.)
- Eppendorf (Germany)
- Labcon (U.S.)
- Medline Scientific (U.K.)
- Thermo Fisher Scientific (U.S.)
Report Coverage
This report examines an understanding of the laboratory disposables market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain
analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 14720 Million in 2021 |
Market Size Value By |
US$ 26064 Million by 2032 |
Growth Rate |
CAGR of 5.3% from 2021 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
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By Application
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Frequently Asked Questions
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What value is the laboratory disposables market expected to touch by 2032?
The laboratory disposables market is expected to touch USD 26064 million by 2032.
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What CAGR is the laboratory disposables market expected to exhibit by 2032?
The laboratory disposables market is expected to exhibit a CAGR of 5.3% by 2032.
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Which are the driving factors of the laboratory disposables market?
The driving factors of the laboratory disposables market are the increasing volume of clinical laboratory tests and life science research investigations and the technological advancements in chemical and biological research.
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Which are the top companies operating in the laboratory disposables market?
The top companies operating in the laboratory disposables market are 3M, Eppendorf, Labcon, Medline Scientific, and Thermo Fisher Scientific.