Lab Accessories Market Booming at 6.8% CAGR, Set to Reach US$1.1 Billion by 2032 | FMI Study

Lab Accessories Market
Lab Accessories Market

The Lab Accessories Market is experiencing a growth surge, fueled by the ever-increasing demand for advanced scientific research and diagnostics. According to a recent study by Future Market Insights (FMI), a leading market research firm, the market is projected to climb at a robust Compound Annual Growth Rate (CAGR) of 6.8% from 2022 to 2032. This positive trajectory is expected to propel the market to a staggering US$1.1 billion by 2032, signifying a remarkable expansion from its current valuation of US$585.0 million in 2022.

This robust growth is underpinned by several key factors identified in the comprehensive report. The surge is attributed to the increased availability of research funding, rapid technological advancements, and the reverberations of large-scale disease outbreaks. These factors collectively shape a dynamic landscape, presenting an opportune moment for stakeholders within the pharmaceutical and diagnostic industries.

Request a Sample of this Report Now Use Email To Get Quick Reply!

Moreover, the prevalence of infectious diseases is increasing, leading to a rise in demand for infectious disease diagnosis. In 2016, it was estimated that 36.7 million people were suffering from HIV, as per the World Health Organization. Funding agencies such as Science and Technology Application for Rural Development (STARD) 2015 and Intensification of Research in Higher Priority Areas (IRHPA) 2016 have also increased, which is expected to boost the growth of the global laboratory accessories market in the forecast period since lab accessories are essential for laboratory operations.

Leading Companies Profiled in the Lab Accessories Market are

  • Thermo Fisher Scientific Inc.
  • Analytik Jena AG
  • Biotix Inc.
  • Vistalab Technologies Inc.
  • Bio Rad Laboratories Inc.
  • Brooks Automation Inc.
  • BD
  • Corning Incorporated
  • Greiner Bio-One International GmbH
  • Hamilton Company
  • Parker Hannifin Corporation
  • Heidolph Instruments GmbH & Co. KG
  • Gilson Inc.
  • HNP Microsystems GmbH
  • Verderflex

Key Takeaways from the Lab Accessories Market Study

  • Global Lab Accessories Industry to nearly double from 2022 to 2032
  • US to account for the highest value share of US$ 403.0 Million of global market demand for lab accessories in 2032
  • From 2015 to 2021, lab accessories demand expanded at a CAGR of 7.5%
  • By type, the wash stations category constitutes the bulk of the lab accessories market with a CAGR of 6.7%.
  • By end-user, research institutes to be the most prominent end-user, registering a CAGR of 6.9% by 2032

Lab Accessories Market Competitive Landscape

Players in the Global Lab Accessories Industry t focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  •  In June 2022, Becton, Dickinson, and Company introduced the new BD FACSDiscover™ S8 Cell Sorter, featuring the breakthrough BD CellView™ Image Technology. It is the first cell sorter to combine advanced spectral flow cytometry with sort-capable image analysis that will potentially enable researchers to yield more accurate data and sort cells that previously could not be identified.
  • In June 2021, Bio-Rad Laboratories, Inc. announced the launch of its PREvalence™ ddPCR® SARS-CoV-2 Wastewater Quantification Kit, a sensitive, accurate, and cost-effective tool used to detect SARS-CoV-2 in a community’s wastewater. ddPCR® technology is recommended in the Centers for Disease Control and Prevention guidelines (CDC) for wastewater testing, and the use of the technology has been published by the Environmental Protection Agency (EPA) as a dependable method to quantify viruses in wastewater.

Click Here To Purchase Your Full Report

Key Segments Covered in The Lab Accessories Market Study

Lab Accessories Market by Type:

  • Lab Microplates
  • Microplate Accessories
  • Lab Label Printers
  • Lab Pipettes
  • Lab Pumps
  • Lab Reagent Reservoirs
  • Lab Valves
  • Lab Tubings
  • Lab Wash Stations

Lab Accessories Market by End User:

  • Lab Accessories for OEMs
  • Lab Accessories for Biotechnology and Pharmaceutical Companies
  • Lab Accessories for Hospitals and Private Laboratories
  • Lab Accessories for Academic Institutes
  • Lab Accessories for Research Institutes


Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:
LinkedInTwitterBlogs | YouTube

Leave a comment

Your email address will not be published. Required fields are marked *