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Laboratory Accessories Market to Reap Excessive Revenues by 2026

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Laboratory (lab) accessories refer to the tools used for conducting scientific research or experiments, and may also be used for teaching practical science. Lab accessories play a very crucial role in laboratories to provide reliable, accurate, and
Laboratory Accessories Market Is Forecasted To
Witness A Thriving Growth By 2026
Laboratory Accessories Market, by Product Type (Instruments (Centrifuges,
Colorimeters, Conductivity Instruments, Balances & Scale, Desiccators,
Flowmeters, Autoclaves & Sterilization Products, Homogenizers, Incubators,
and Others), Glassware, Lab Tables, Consumables, and Others) by End Users
(Hospitals, Private Labs, Research Institutes, and Pathology Centers), by Region
(North America, Europe, Latin America, Asia Pacific, Middle East, and Africa) Size, Share,Outlook, and Opportunity Analysis, 2018 – 2026
Laboratory (lab) accessories refer to the tools used for conducting scientific research or experiments,
and may also be used for teaching practical science. Lab accessories play a very crucial role in
laboratories to provide reliable, accurate, and expeditious outcomes. Lab accessories are portable and
are used in hospitals, clinics, diagnostic centers, and pathological centers among others. Laboratory
accessories include laboratory instruments, general lab equipment, glassware, consumables, and other
accessories. Click To Read More On Laboratory Accessories Market.
In 2014, National Science Foundation’s (NSF) annual Business Research and Development and
Innovation Survey (BRDIS) data tracked the research activities of 46,000 companies. According to
their survey, the drug companies have increased their investment on research & development from US$
3 billion in 2008 to US$ 8.1 billion in 2014. NSF also stated that there is slow, however, steady rise in
spending of basic research by universities and private foundations. These factors are expected to boost
the global laboratory accessories market growth over the forecast period.
Global Laboratory Accessories Market Drivers:Continuous laboratory product launches due to increasing demand for laboratory accessories is
expected to support the global laboratory accessories market growth over the forecast period. There is a
constant increase in demand for laboratory accessories, due to growing competition in pharmaceutical
and diagnostic industries (as lab accessories are basic requirements to run a laboratory). In order to
meet the ever growing demand for lab accessories, manufacturers have to keep on introducing newer
products with advanced technology to support the lab automation.
For instance, along with conventional lab accessories, products such as microplates and modular lab
tables are also gaining popularity. Technological advancement aimed at improving utility and ease of
handling is expected to support growth of global laboratory accessories market over the forecast period.
Products offered by manufacturers such as Thermo Fisher Scientific include Dimension 4 Modular Lab
Tables, Microplate Carousel, Plate Feeder Carousel, and Microplate Delidders. Dimension 4 Modular
Lab Tables provide a highly scalable, flexible, and a stable platform for lab systems and work stations.
Micro Plate Carousel provides access to 104 deep well microplates and 200 microplates. Microplate
Delidders automates the storage, replacement of lids and storage of microplates.
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Key players of Global Laboratory Accessories Market:Key players operating in the global laboratory accessories market include Thermo Fisher Scientific,
Tecan group, Becton, Dickinson and Company, Corning Incorporated, Bio-Rad Laboratories, Hamilton
Company, Analytik Jena, Greiner Bi-one, and Brooks Automation.
Global Laboratory Accessories Market Taxonomy:Global laboratory accessories market is segmented on the basis of product type, end users, and region
By Product Type•Instruments
•Centrifuges
•Colorimeters
•Conductivity Instruments
•Balances & Scale
•Desiccators
•Flowmeters
•Autoclaves & Sterilization Products
•Homogenizers
•Incubators
•Others
•Glassware
•Lab Tables
•Consumables
•Others
By End Users:•Hospitals
•Private Labs
•Research Institutes
•Pathology Centers
Global Laboratory Accessories Market Regional Insights:North America laboratory accessories market is expected to witness significant growth over the
forecast period. Presence of leading manufacturers, robust research and development activities, and
continuous demand for lab accessories is expected to support global laboratory accessories market
growth over the forecast period. For instance, manufacturers such as Thermo Fisher Scientific have
high presence in North America, which provides innovative lab accessory solutions in the regional
market.
Europe laboratory accessories market is also expected to witness significant growth over the forecast
period due to rising disease prevalence and increasing research and development of drug therapies.
According to World Health Organization (WHO), there is a considerable increase in the number of
patients suffering from measles during the year 2016-2017 in Europe, which would in turn increase the
number of disease diagnosis centers in the region. These factors are expected to support the global
laboratory accessories market growth in the respective regions.
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ravikiran
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