The Global Lab Accessories Market accounted to USD 377.9 million in 2016 growing at a CAGR of 7.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Lab Accessories Market by Type (Microplates, Label Printers, Pipettes, Pumps, Reagent Reservoirs, Valves, Tubings, Wash Stations), By End User (OEMS, Biotechnology & Pharmaceutical Companies, Hospitals, Private Laboratories, Academic Institutes, Research Institutes) By Geography – Industry Trends and Forecast to 2024
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Major Market Competitors: Global Lab Accessories Market
Some of the major players operating in lab accessories market are ThermoFisher Scientific, Inc., Bio-Rad Laboratories, Inc., BD, Biotix, Inc., Endress+Hauser Management AG, VISTALAB TECHNOLOGIES, INC., Brooks Automation, Inc., Corning Incorporated, Hamilton Company, PARKER HANNIFIN CORP., IWAKI CO., LTD., Cole-Parmer Instrument Company, LLC, Watson-Marlow Fluid Technology Group, Heidolph Instruments GmbH & Co.KG, Qiagen N.V., HNP Mikrosysteme GmbH, Sapphire Engineering UK Ltd., Gilson, Inc., J.Schwarzer GmbH & Co. Service KG and Charles Austen Pumps Ltd. among others.
Market Definition: Global Lab Accessories Market
Lab accessories play a vital role in the laboratories to provide reliable, precise and rapid outcomes. Laboratories are focused to be automated for better, faster and accurate results, as it will also save time and cost. Lab accessories are portable, usually light weighted and can be used at home, clinics, ambulance, and hospitals. Rapid technological advancements and increased demand for lab automation drives the market.
Major market drivers and restraints: Global Lab Accessories Market
- Increased demand for lab automation
- Rapid technological advancements
- Growth in productivity and reduction in costs
- Extensive disease outbreaks
- Automation over manual works reduces the error
- Increasing in number of hospitals
- Large-scale disease outbreaks
- Lack of preparation for technology development
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Market Segmentation: Global Lab Accessories Market
The global lab accessories market is segmented by type into microplates, label printers, pipettes, pumps, reagent reservoirs, valves, tubings and wash stations. Microplates are further sub segmented by accessories into microplate storage racks, well orienters and well stands.
By end user is segmented into OEMS, biotechnology & pharmaceutical companies, hospitals, private laboratories, academic institutes and research institutes.
On the basis of geography, lab accessories market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis: Global Lab Accessories Market
The lab accessories market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lab accessories market for global, Europe, North America, Asia Pacific and South America.
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