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Based on Technavio's market sizing methodology, the laboratory disposables market size is predicted to surge by USD 12.32 billion from 2021 to 2026 at a CAGR of 10.83%.
This laboratory disposables market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers laboratory disposables market segmentations that have been broadly categorized into the following demographic segmentations:
The laboratory disposables market vendors covered in this market study include 3M Corp, Agilent Technologies Inc., Avantor Inc., Becton Dickinson and Co., BIO PLAS Inc., Bio Rad Laboratories Inc., BioTC Labware, BRAND GmbH and Co. KG, Cardinal Health Inc., CELLTREAT Scientific Products, Corning Inc., Crystalgen Inc., Eppendorf AG, GENFOLLOWER BIOTECH Co. Ltd., Gerresheimer AG, Greiner Bio-One International GmbH, Heathrow Scientific LLC, Labcon North America, Labtech Disposables, QIAGEN NV, Simport Scientific Inc., Surgeine Healthcare India Pvt. Ltd., and Thermo Fisher Scientific Inc. among others. One of the key highlights of the laboratory disposables industry research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.
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The increasing research studies is notably driving the laboratory disposables market growth, although factors such as lack of differentiation among vendors may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laboratory disposables industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Laboratory Disposables Market Driver
One of the key factors driving the global laboratory disposables market growth is the increasing research studies and innovations to meet the growing demand in the industries such as life sciences, chemicals, and food and beverages. For instance, in October 2021, Biological E received permission from the Drugs Controller General of India (DCGI) to conduct phase-III clinical trials for its COVID-19 vaccine. In addition, in 2020, the total pharmaceutical and biotechnology R&D spending reached around USD 200 billion in the US to focus on the R&D of large companies. Thus, with the increase in investments, the number of laboratories is expected to increase and the advantages of disposables in terms of cost and sample purity will lead to the increase in the adoption of laboratory disposables during the forecast period.
Key Laboratory Disposables Market Trend
Increasing adoption of laboratory automation systems, owing to an increase in laboratory costs and high laboratory failures, is one of the key laboratory disposables market trends that is expected to impact the industry positively in the forecast period. The automation devices make use of disposables such as tips and vials, which do not require human intervention and can be disposed of after use. For instance, an advanced workflow of the synthetic biology process from gene assembly to plasmid transmission is done by synthetic biology workstation. The workstation makes use of tips, microplate readers, cell washers, Petri plates, vials, and colony pickers during the process. It uses pre-loaded tips, vials, and Petri plates, which are discarded after the process, thus, increasing the volume of laboratory disposables. This is expected to influence the growth of the market in the coming years.
Key Laboratory Disposables Market Challenge
One of the key challenges to the global laboratory disposables market growth is the lack of differentiation among vendors as they have standardized shapes and sizes. Thus, it is difficult for the vendors to establish their unique selling propositions (USPs) and cannot strategize their marketing capabilities and emerge successfully in the market. For instance, 3M, Eppendorf, and Thermo Fisher Scientific have a line of pipette tips that have the same properties as the tip sizes and volumes are standardized based on the cAsiaity of the pipettes. In addition, intense competition among key players forces the players to restrict the pricing of products, which will further restrict the market growth in the forecast years.
This laboratory disposables market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global laboratory disposables market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laboratory disposables market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the laboratory disposables market encompasses successful business strategies deployed by the key vendors. The laboratory disposables market is fragmented and the growth strategies vendors are deploying to compete in the market are:
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The laboratory disposables market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the laboratory disposables market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from North America during the forecast period. The US is the key market for laboratory disposables in North America. Market growth in this region will be faster than the growth of the market in Rest of World (ROW).
The huge investments from venture capitalists and government-funded research in countries such as the US and Canada will facilitate the laboratory disposables market growth in North America over the forecast period. For instance, in 2021, the US accounted for USD 598.7 billion in investment in R&D activities.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The ongoing pandemic positively impacted the growth of the regional laboratory disposables market. Cell culture-based vaccines for COVID-19 are being studied to provide protection against the disease in the region, which is increasing healthcare expenditure. For instance, according to the Centers for Medicare & Medicaid Services (CMS), healthcare expenditure in the US grew by 9.7% in 2020, reaching USD 12,530 per person from USD 11,582 in the previous year. Such factors are expected to drive the growth of the laboratory disposables market in North America during the forecast period.
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The laboratory disposables market share growth by the pharmaceutical and biotechnology companies segment will be significant during the forecast period. The huge public and private funding involved in the research and development of these companies will drive the market growth through this segment in the coming years. Apart from this, countries such as China, Brazil, and Chile are focusing on improving their research capabilities with low-cost high-benefit laboratory disposable supplies.
This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory disposables market size and actionable market insights on post COVID-19 impact on each segment.
Laboratory Disposables Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.83% |
Market growth 2022-2026 |
$ 12.32 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.53 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, UK, Germany, China, and India |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Corp, Agilent Technologies Inc., Avantor Inc., Becton Dickinson and Co., BIO PLAS Inc., Bio Rad Laboratories Inc., BioTC Labware, BRAND GmbH and Co. KG, Cardinal Health Inc., CELLTREAT Scientific Products, Corning Inc., Crystalgen Inc., Eppendorf AG, GENFOLLOWER BIOTECH Co. Ltd., Gerresheimer AG, Greiner Bio-One International GmbH, Heathrow Scientific LLC, Labcon North America, Labtech Disposables, QIAGEN NV, Simport Scientific Inc., Surgeine Healthcare India Pvt. Ltd., and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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