Global Laboratory Supplies Market to Reach USD68 Billion Mark by 2030

• Overview
• Table of Content
• Research Methodology
• Download Free Sample

Global Laboratory Supplies Market Overview, Trends, Size and Forecast: 2026-2030

The Global Laboratory Supplies Market size was valued at around USD 44 billion in 2024 and is projected to reach USD 68 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2026-30, as cited by MarkNtel Advisors in a recent research report. The growth in the laboratory supply industry can be attributed to ongoing research initiatives in various sectors. The global pharmaceutical industry currently spends billions annually on research and development, hence creating market demand. It remains one of the top therapeutic areas for R&D expenditure, with oncology research accounting for nearly half the total investment. New molecular biology tools, personalized medicine, and advanced genomics have increased demand for laboratory supplies to achieve optimum analysis and testing results. Further, the increase in the number of clinical trials also contributes to the list of factors requiring more reliable laboratory supplies for conducting the research and development processes.

Moreover, several policy packages have been initiated by the Indian government for research and innovation aimed at setting up a sound foundation for future progress. Some of the most momentous moves are allocating almost USD 2.5 billion to NRF in 2024. This was done to make institutions of scientific learning and other university entities capable of conducting advanced research in various disciplines. These initiatives fuel innovation and create a sustained demand for high-quality laboratory supplies, such as instruments, reagents, and consumables.

Additionally, technological advancement is also driving growth & expansion in the laboratory supplies market. Such innovations improve functionality and accuracy in laboratory equipment, making it important for many industries. These innovations simplify laboratory operations by minimizing human mistakes and increasing efficiency. For instance, Beckman Coulter showcased the DxC 500i Clinical Analyzer in 2024, which combines clinical chemistry analysis and immunoassay to offer more flexibility and scalability for diagnostic labs. Another instance is the compact, low-priced gene sequencing instruments Illumina launched in October 2024. This makes it easier for research and diagnostic laboratories to carry out gene sequencing. The equipment also supports cutting-edge research and personalized care.

In addition to the above factors, various emerging technologies like AI and machine learning are shaping market dynamics. AI-based tools now analyze complex data sets, allowing faster and accurate results. Advanced data and statistical analysis results find a benefit through forecasts facilitated by machine learning algorithms. With the advancement of nanotechnology and 3D printing, lab instruments for precision work have also improved. Technological developments are not only assisting laboratories to improve their productivity but also responding to the increased need for proper testing and diagnosis. In the same way as the developing process, it will diversify the field of using laboratory supplies, further states the research report, “Global Laboratory Supplies Market Analysis, 2026.”

Global Laboratory Supplies Market Segmentation Insights:

Equipment Segment Holds Major Market Share

Based on product type, the market is further segmented into equipment and disposables. Here equipment segment dominates the market with a market share of around 68%, because of ongoing research activities and advanced techniques. These tools are applied in various sectors like screening, diagnostics, and even quality control. In the field of health care, new and advanced diagnostic tools help detect diseases early, offer personalized treatments, and improve patient care. In manufacturing, high-technology equipment must be used for the production of high-quality and safe products to reach the markets. However, these instruments still have issues concerning accuracy, precision, and efficiency. However, these components are widely employed because they facilitate processes, enhance fundamental performance, and satisfy the necessary specifications. The solutions to these problems will make these tools even more essential and valuable in many applications with the advancement of technology.

Global Laboratory Supplies Market Regional Analysis:

North America Driving the Global Laboratory Supplies Industry

North America leads the market with a share of about 36% due to the growing number of biopharmaceutical and pharmaceutical industries in the region. The largest consumption of laboratory supplies is observed in the United States. This is due to their high expenditure on R&D, which generates the demand for high-quality laboratory products for precision medicine and clinical trials. North America, meanwhile, dominated the market across the globe because of powerful healthcare systems in the United States and Canada. The demand for superior laboratory supplies that are also USDA and other regulatory bodies compliant has further increased. As newer technologies in biotechnology, genomics, and clinical research are being discovered, the region continues to lead the market and attracts investments from domestic and international suppliers. It is expected to be on the rise because of increased healthcare needs and innovation focus.

Top Companies in the Global Laboratory Supplies Market

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading Laboratory Supplies Market companies, including Bruker Corporation, Bio-Rad Laboratories, Inc., Agilent Technologies Inc., PerkinElmer Inc., Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Waters Corporation, Merck KGaA, Charles River Laboratories, and others are looking forward to increase their market size & share.

Key Questions Answered in the Research Report

1. What is the scope, size, value, and forecast of the Laboratory Supplies Market?
2. What is the volume and share of each segment in the Laboratory Supplies Market?
3. What are the key trends shaping the Laboratory Supplies Market from 2026 to 2030?
4. What growth factors and risks impact the Laboratory Supplies Market?
5. What are the main challenges faced by players in the Laboratory Supplies Market?
6. What are the top opportunities in the Laboratory Supplies Market?
7. What does competitive analysis reveal about the Laboratory Supplies Market landscape?
8. Who are the key players and companies leading the Laboratory Supplies Market?
9. What innovations are transforming the future dynamics of the Laboratory Supplies Market?
10. How are partnerships and collaborations driving the Laboratory Supplies Market growth?
11. How does the Laboratory Supplies Market differ based on geography and segments?