Thermo Fisher Scientific Inc. - June 2024: Thermo Fisher Scientific has introduced an advanced line of automated incubators designed for high-throughput applications. These incubators feature integrated AI-driven systems for real-time monitoring and control of temperature and humidity, ensuring optimal conditions for cell cultures and microbiological samples. The new models also include a user-friendly interface with remote access capabilities, enabling researchers to manage experiments and receive alerts from anywhere.
Bruker (US) - May 2024: Bruker unveiled a cutting-edge mass spectrometer with enhanced sensitivity and resolution. The new model integrates advanced ionization techniques and high-resolution detectors, offering improved performance for complex biomolecular analyses. This mass spectrometer is designed to meet the needs of researchers in proteomics and metabolomics, providing faster and more accurate results for a wide range of applications.
Eppendorf AG (Germany) - April 2024: Eppendorf AG launched a state-of-the-art centrifuge equipped with a novel rotor technology that reduces noise and vibration during operation. The new centrifuge model features an intuitive touchscreen interface and automatic rotor recognition, enhancing user convenience and safety. Additionally, the centrifuge incorporates energy-efficient components that contribute to reduced operational costs and environmental impact.
Laboratory Equipment Application Insights
The Laboratory Equipment market segmentation, based on application, includes Biochemistry, Endocrinology, Microbiology, Genetic Testing, and others. The biochemistry segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2024-2032. This is due to the funding to support biomedical research activities by government authorities has helped the key players focus on research activities and indulge in collaboration and partnerships with other organizations. Hence, rising applications of biochemistry segment for Laboratory Equipment positively impacts the market growth.
Laboratory Equipment End User Insights
Based on End Users, the Laboratory Equipment industry has been segmented into Hospitals and Clinics, and others. Hospitals and Clinics held the largest segment share in 2023, owing to accelerated surge in research in drug discovery by dominant firms, increasing the predominance of ailments, and expanding consciousness about health. The extensive series of applications and the boost in the count of clinical scientists involved in clinical trials and added experiments targeted are further propelling the growth of this segment.
June 2024: Agilent Technologies announced the release of the Agilent 6495B Triple Quadrupole LC/MS System, which offers enhanced sensitivity and quantitation capabilities for clinical research and diagnostics. This system is designed to improve the detection of low-abundance biomarkers and is aimed at advancing personalized medicine.
May 2024: Thermo Fisher Scientific introduced the Thermo Scientific Orbitrap Eclipse Tribrid Mass Spectrometer, which features advanced ion optics and enhanced resolution for high-throughput proteomics and metabolomics. This system aims to provide more detailed molecular insights and support complex clinical research applications.
April 2024: Bio-Rad Laboratories launched the Bio-Rad PrecisionPlus Protein Standards, which offer improved accuracy and reproducibility for protein quantification in research and clinical settings. This development enhances the reliability of quantitative protein analysis and supports advanced diagnostic applications.
Figure 2 Laboratory Equipment Market, by End User, 2024 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Laboratory Equipment Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Laboratory Equipment Industry accounted for USD 20.54 billion and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the surging grants for schools and private organizations for laboratory equipment installation which may involve analytical equipment along with the developing healthcare infrastructure across the region.
Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3 Laboratory Equipment Market Share By Region 2024 (%)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Laboratory Equipment market accounts for the second-largest market share due to the wing to the increasing acceptance of the most-recent technologies and the well-entrenched healthcare infrastructure with laboratory equipment services including analytical equipment in the region. Further, the Germany Laboratory Equipment Industry held the largest market share, and the UK Laboratory Equipment Industry was the fastest growing market in the European region
The Asia-Pacific Laboratory Equipment Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to rising import of laboratory equipment, increasing number of CROs, surging research and development activities. Moreover, China Laboratory Equipment Sector held the largest market share, and the India Laboratory Equipment Sector was the fastest growing market in the Asia-Pacific region
Laboratory Equipment Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Lab Equipment market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Laboratory Equipment industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Laboratory Equipment industry to benefit clients and expand the market sector is to smaller and easy-to-use instruments with built-in connectivity. In recent years, Laboratory Equipment industry has provided equipment with some of the most significant benefits. The Laboratory Equipment Industry major player such as Beroe, Thermo Fisher Scientific Inc. (US), Agilent Technologies Inc. (US), BD (US), Beckman Coulter Inc. (US), Bio-Rad Laboratories Inc. and others are working to expand the market demand by investing in research and development activities.
Thermo Fisher Scientific Inc. is an American supplier of scientific instrumentation, reagents and consumables, and software services based in Waltham, Massachusetts. Thermo Fisher Scientific has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation, Alfa Aesar, Affymetrix , FEI Company, BD Advanced Bioprocessing, and PPD. In May 2020, CSL Limited, a worldwide biotechnology firm, and Thermo Fisher Scientific Inc., the world leader in serving science, have formed a strategic agreement to assist fulfil the growing demand for biologic therapeutics while also driving CSL's broader production objectives.
CSL's product portfolio will be supported by Thermo Fisher's pharma services network, which includes medication development, biologics production, sterile fill-finish, packaging, and clinical trial logistics.
Also, The SaaS-based provider of procurement intelligence and analytics is called Beroe. We provide expertise, data, and insights that help businesses source products and services more wisely, which lowers costs, lowers risk, and increases profitability. Since more than 15 years ago, Beroe has been a dependable source of intelligence. Currently, 10,000 businesses ly, including 400 Fortune 500 firms, cooperate with Beroe.
BERTIN Technologies SAS introduced the Precellys Evolution Touch, an innovative tissue homogenizer that simplifies biological sample preparation. This product, unveiled at the LABVOLUTION 2023 trade show, reduces preparation time significantly, catering to the needs of both research and clinical laboratories.
Key Companies in the Laboratory Equipment market includes
- Agilent Technologies Inc. (US)
- BD (US)
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Beckman Coulter Inc. (US)
- Bio-Rad Laboratories Inc. (US)
- Bruker (US)
- Eppendorf AG (Germany)
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Hoffmann LA-Roche AG (Switzerland)
- PerkinElmer Inc. (US)
- Shimadzu Corporation (Japan)
- Thermo Fisher Scientific Inc. (US)
Laboratory Equipment Industry Developments
INTEGRA Biosciences launched the VIAFLO 96 and VIAFLO 384 pipettes, which offer compact, user-friendly designs. These pipettes are engineered to streamline high-throughput sample handling, minimizing errors and boosting productivity in laboratories engaged in repetitive pipetting tasks.
Curiosis Inc., a South Korean laboratory solutions provider, showcased the Celloger Mini Plus, an advanced live-cell imaging system. This device allows researchers to monitor and analyze living cells under humid and high-temperature conditions, ensuring accurate long-term observations critical for biological and pharmaceutical studies.
Antares Vision Group launched its VRI-VI 060 S series, an automated visual inspection system designed for pre-filled syringes. This cutting-edge technology ensures 100% quality inspection by identifying defects in particle content, filling levels, and cosmetic appearance, meeting stringent quality control requirements for pharmaceutical packaging.
