Laboratory Equipment Market is predicted to reach USD 84.79 billion at a CAGR of 7.40% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Laboratory Equipment Market” that contains information from 2018 to 2030. The Laboratory Equipment market is estimated to register a CAGR of 7.40% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Laboratory Equipment market— Beroe, Thermo Fisher Scientific Inc. (US), Agilent Technologies Inc. (US), BD (US), Beckman Coulter Inc. (US), Bio-Rad Laboratories Inc. and others.

Laboratory Equipment Market Highlights

The global Laboratory Equipment market is accounted to register a CAGR of 7.40% during the forecast period and is estimated to reach USD 84.79 billion by 2030.

The laboratory equipment market encompasses the production and sale of tools and instruments used in scientific research, analysis, and experimentation. It includes a wide range of equipment such as microscopes, centrifuges, spectrometers, and pipettes, which are essential for conducting laboratory tests and procedures across various industries and academic institutions. This market plays a crucial role in facilitating scientific advancements and discoveries.

Segment Analysis

The global Laboratory Equipment market has been segmented based on Product Type, Application, and End Use.

On the basis of Product Type, the market is segmented into Incubators, Centrifuges, Spectrometers, Scopes, Sonicators, Autoclaves, and others. The greatest market is for incubators because of the high cost of the equipment. Process controls, experiments, and quality assurance are performed with the use of the equipment. In order to conduct a wide range of tests, studies, and experiments, scientific institutions including laboratories, research centres, and businesses need top-notch laboratory equipment.

Based on Application, the global Laboratory Equipment market has been segmented into Biochemistry, Endocrinology, Microbiology, Genetic Testing, and others. In 2021, the biochemistry segment dominated the market, and it is anticipated that over the projection period, 2022–2030, it will grow more quickly than any other section. This is because government funding for biomedical research activities has aided important players in concentrating on research activities and engaging in partnerships and collaboration with other organisations.

Based on End Use, the global Laboratory Equipment market has been segmented into Hospitals and Clinics, and others. Hospitals and Clinics held the greatest segment share in 2021 as a result of an accelerated spike in drug discovery research by leading companies, an increase in the prevalence of diseases, and growing health consciousness.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Laboratory Equipment Market Research Report

Regional Analysis

The global Laboratory Equipment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Laboratory Equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Laboratory Equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Laboratory Equipment market comprises of Middle East, Africa, and Latin America.

The North America Laboratory Equipment Market dominated this market in 2022. It is anticipated to increase at a substantial CAGR throughout the course of the study period, reaching USD 20.54 billion in 2021. This is linked to the increase in funds given to private organisations and schools for the installation of laboratory equipment, which may include analytical equipment, as well as the growing healthcare infrastructure in the area.

Additionally, the second-largest market share for Laboratory Equipment is held by Europe. Thanks to the region's established healthcare infrastructure, which includes laboratory equipment services and analytical equipment, as well as the growing acceptance of the latest technologies

Moreover, from 2022 to 2030, the Asia-Pacific Laboratory Equipment Market is anticipated to see the quickest CAGR growth. This is brought on by expanding laboratory equipment imports, an increase in CROs, and booming R&D activity. Additionally, the India Laboratory Equipment market had the quickest rate of growth in the Asia-Pacific region, while China Laboratory Equipment held the greatest market share.

Key Findings of the Study

• The global Laboratory Equipment market is expected to reach USD 84.79 billion by 2030, at a CAGR of 7.40% during the forecast period.


• The North America Laboratory Equipment Market dominated this market in 2022. It is anticipated to increase at a substantial CAGR throughout the course of the study period, reaching USD 20.54 billion in 2021.


• Based on Application, in 2021, the biochemistry segment dominated the market, and it is anticipated that over the projection period, 2022–2030


• Beroe, Thermo Fisher Scientific Inc. (US), Agilent Technologies Inc. (US), BD (US), Beckman Coulter Inc. (US), Bio-Rad Laboratories Inc. and others.