Laboratory Disposable Market Size
The global laboratory disposable market size was assessed at $15 billion in 2022 and is projected to reach $18 billion by the conclusion of 2030, exhibiting a compound annual growth rate (CAGR) of approximately 3.2% during the period from 2023 to 2030.
The laboratory disposable market provides an overview of the industry.
Laboratory disposables primarily consist of paper, cotton, polystyrene foam, and plastics as their main constituents. Furthermore, lab disposables are a category of consumable products that aid in the mitigation of diverse types of contaminations within laboratory environments. Lab disposables have been found to yield successful outcomes during clinical trials, experiments, and various diagnostic tests. Furthermore, these products are non-reusable and contribute to the elimination of the need for reprocessing. The sterilization of these items can be performed in accordance with healthcare requirements, and they exhibit chemical resistance properties. These medical devices have a wide range of applications in pharmaceutical firms, research institutions, and diagnostic labs.
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According to the analysis provided by our research analyst, the global laboratory disposable market is expected to experience an annual growth rate of approximately 3.2% during the forecast period (2023-2030).
The global laboratory disposable market size was assessed at approximately $15 billion in 2022, with projections indicating a growth trajectory to reach $18 billion by 2030 in terms of revenue.
The rapid growth of the global laboratory disposable market is expected due to the thriving medical tourism activities worldwide.
The specimen containers segment is projected to achieve the highest compound annual growth rate (CAGR) during the analysis period, in terms of type.
The diagnostics laboratories segment is projected to exhibit dominance in the end-user segment throughout the forecast period, as per the end-user analysis.
In terms of regional analysis, the Asia-Pacific laboratory disposable industry is anticipated to exhibit the highest compound annual growth rate (CAGR) throughout the evaluation period.
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Laboratory Disposable Market: Competitive Space
The global laboratory disposable market profiles key players such as:
- Avantor Inc.
- 3M Corp
- BRAND GmbH and Co. KG
- BioTC Labware
- Cardinal Health Inc.
- Crystalgen Inc.
- Becton Dickinson and Co.
- CELLTREAT Scientific Products
- Eppendorf AG
- Thermo Fisher Scientific Inc.
- Bio Rad Laboratories Inc.
- Gerresheimer AG
- GENFOLLOWER BIOTECH Co. Ltd.
- Greiner Bio-One International GmbH
- Agilent Technologies Inc.
- Simport Scientific Inc.
- Labcon North America
- Heathrow Scientific LLC
- Labtech Disposables
- Corning Inc.
- QIAGEN NV
- BIO PLAS Inc.
- Surgeine Healthcare India Pvt. Ltd.
Laboratory Disposable Market: Growth Factors
The following growth factors have exerted influence on the laboratory disposable market:
The surge in research and development endeavors worldwide has led to a heightened need for laboratory disposable products in diverse sectors such as pharmaceuticals, biotechnology, healthcare, and academia. These products are indispensable for conducting experiments and tests in the realm of research and development.
Cross-contamination prevention is a crucial aspect of maintaining the integrity and accuracy of scientific experiments. Laboratory disposable products play a pivotal role in achieving this objective by effectively preventing cross-contamination between samples. With the increasing awareness of contamination risks, there has been a surge in demand for disposable labware.
Stringent Regulatory Requirements: Regulatory agencies, such as the FDA, frequently mandate rigorous quality control and contamination prevention protocols in laboratory environments. The utilization of disposable labware aids laboratories in fulfilling these regulatory requirements.
Convenience and Time Efficiency: Disposable labware, such as pipette tips, petri dishes, and culture tubes, provide convenience and time savings in contrast to conventional glassware, which necessitates cleaning and sterilization. The increased efficiency has played a significant role in driving market expansion.
The surge in healthcare expenditure has led to a heightened demand for disposable laboratory products in hospitals and clinical laboratories, primarily in emerging markets. These products are essential for diagnostic and testing purposes.
Technological Advancements: Continuous advancements in materials and manufacturing processes have resulted in the creation of disposable labware that possesses enhanced properties, including enhanced durability and chemical resistance. These advancements are playing a significant role in driving the growth of the market.
Cost-Effective Solutions: The utilization of disposable labware presents a cost-effective option for laboratories, as it obviates the necessity of investing in expensive infrastructure for the maintenance and cleaning of glassware. The cost advantage of disposable alternatives has enticed smaller laboratories and startups to embrace them.
Environmental Considerations: Disposables, although intended for single-use, can be engineered to be recyclable or biodegradable, thereby supporting eco-friendly principles. Eco-friendly disposable labware options have garnered attention, appealing to laboratories with a focus on minimizing their environmental impact.
Pandemic-Induced Demand: The COVID-19 pandemic resulted in an escalated requirement for disposable labware in testing, diagnostics, and virus-related research. The pandemic underscored the significance of easily accessible and expendable laboratory supplies.
The globalization of research has led to an increased need for standardized laboratory products, such as disposables, to promote consistency and comparability of results across various regions. This demand has been driven by collaborative research efforts and the global nature of scientific endeavors.
Market Expansion in Emerging Economies: The laboratory infrastructure, research activities, and healthcare services in emerging economies have experienced substantial growth. The growth experienced in these regions has resulted in an increased demand for disposable laboratory products.
In response to market demands, manufacturers have developed a diverse range of disposable labware products that are customized to cater to specific applications. The diverse customer base has been drawn in by the customization options.
It is imperative to acknowledge that market dynamics may undergo alterations over time, driven by diverse external factors. For the most up-to-date insights on the laboratory disposable market and its growth factors, we recommend referring to recent industry reports and market analyses.
The global laboratory disposable market is segmented as follows:
- Specimen Containers
- Transport Vials
- Collection and Transport Swabs
- Tissue Collectors
- Diagnostics Laboratories
- Pathology Labs
- Academic and Research Institutes