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The laboratory supply wholesaling market size is forecast to increase by USD 11.6 billion, at a CAGR of 3.21% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The laboratory supply market continues to evolve, driven by advancements in technology and the expanding applications across various sectors. Pharmaceutical supplies, lab apparatus, maintenance services, research chemicals, logistics, plasticware, reagents, biotechnology equipment, and specialty chemicals are integral components of this dynamic industry. Lab automation systems and sterilization solutions are increasingly in demand, streamlining processes and ensuring safety in research and diagnostic settings. Inventory management systems and lab supply packaging solutions optimize operations, while safety equipment wholesale ensures compliance with regulations. The scientific supply chain is intricately linked to the success of clinical labs, pharmaceutical companies, and research institutions.
The ongoing need for analytical instrument supply, calibration services, and lab equipment repair further underscores the importance of a robust lab supply chain. Custom lab equipment, lab furniture, and lab equipment rentals cater to the diverse requirements of this sector. Diagnostic kits supply and scientific instrument distribution enable accurate and efficient analysis, while quality control labs and lab supply procurement services ensure the availability of essential supplies. The lab supply market is characterized by continuous innovation, with new solutions emerging to address evolving needs. The integration of technology, such as artificial intelligence and machine learning, is transforming the way lab supplies are sourced, managed, and delivered.
In summary, the laboratory supply market is a dynamic and evolving industry, with a wide range of products and services catering to the diverse needs of various sectors. From pharmaceuticals to research institutions, the demand for lab supplies remains strong, driven by the ongoing pursuit of scientific discovery and innovation.
The laboratory supply wholesaling industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The clinical and diagnostic laboratories segment is estimated to witness significant growth during the forecast period.
Pharmaceutical and biotechnology companies are significantly investing in research and development for drug discovery and gene therapy, leading to a heightened demand for laboratory products. These companies utilize a range of laboratory equipment, instruments, lab consumables, analytical instruments, inventory management systems, lab supply packaging, safety equipment, lab furniture, and scientific instruments for large-scale research. The increasing prevalence of chronic diseases and the demand for personalized medicine have further fueled this investment. Additionally, governments of various developed and developing countries, such as India and China, have been increasing their research and development investments to expedite the drug approval process, thereby boosting the laboratory supply market.
This includes the demand for lab equipment sterilization, calibration services, lab instrument repair, lab equipment sourcing, lab supply logistics, disposables lab supply, medical equipment supply, lab glassware wholesale, research chemical supply, specialty chemical supply, biotechnology equipment, and custom lab equipment. The scientific supply chain is immersed in this growth, with a focus on quality control lab, diagnostic kits supply, and scientific instrument distribution. Lab automation systems and lab apparatus supply are also integral components of this dynamic market.
The Clinical and diagnostic laboratories segment was valued at USD 12.70 billion in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is characterized by a significant presence of players offering lab automation systems, lab equipment sterilization, lab consumables, analytical instruments, inventory management solutions, lab supply packaging, safety equipment, scientific supply chain services, clinical lab supplies, pharmaceutical supplies, lab apparatus, equipment maintenance, research chemical supply, lab supply logistics, laboratory plasticware, reagents and chemicals, biotechnology equipment, specialty chemical supply, custom lab equipment, lab furniture, wholesale lab supplies, research lab supplies, lab equipment rentals, diagnostic kits, scientific instrument distribution, quality control labs, lab supply procurement, lab equipment supply, calibration services, lab instrument repair, lab equipment sourcing, lab supply chain, disposables, medical equipment, and lab glassware.
The US and Canada lead the market due to the presence of numerous laboratories, academic institutions, and well-established healthcare industries. Government investments in research and development, particularly in molecular biology and cellular diagnosis, further fuel market growth. North America's pharmaceutical sector is a preferred destination for global companies to outsource late-stage clinical trials, contributing to the region's market dominance.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The laboratory supply wholesaling market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the laboratory supply wholesaling market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, laboratory supply wholesaling market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alibaba Group Holding Ltd. - This company specializes in supplying hospitals and pharmacies with essential laboratory equipment for safety and diagnostic purposes.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Laboratory Supply Wholesaling Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.21% |
Market growth 2024-2028 |
USD 11.6 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.1 |
Key countries |
US, Germany, China, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this laboratory supply wholesaling market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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