The use of laboratory equipment allows faster analyses that add value to the laboratory itself by increasing the capacity of the instruments, thus letting it perform more tests every day. General lab equipment & instruments can be found in educational labs, research labs, quality assurance, diagnostic testing in medical labs, R&D, manufacturing, and others. Laboratories need a range of equipment & instruments to run tests and research studies. The market is also projected to gain continuous demand for a constant supply of key laboratory devices and equipment among procurement managers in the pharmaceutical and healthcare sectors. The increasing volume of clinical laboratory tests and life science research investigations is driving the demand for laboratory disposable products. The demand for laboratory products is rising due to technological advancements in the field of chemical and biological research. Which are Some Prominent Drivers of the Laboratory Supplies Market?Īdvancements in Laboratory Testing Approaches paving Way for Robust Supplies This has a screen that works like a smartphone, letting users access functions with a simple swipe. provides an electronic pipette with touchscreen operation & automatic tip ejection. Modern laboratory instruments have interfaces that make their operation easy for users. Technological advancements in laboratory equipment are also driving its adoption. This is eventually creating demand for the equipment and boost market growth. They aid to offer accurate results and also improve work efficiency. The results of these activities depend upon the quality, strength, and durability of the equipment. Scientific institutions such as laboratories, research centers, and companies need quality laboratory equipment to perform a variety of tests, studies, and experiments. From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 6%. The global demand for Laboratory Supplies is projected to increase at a CAGR of 8% during the forecast period between 20, reaching a total of US$ 81.61 Billion in 2032, according to a report from Future Market Insights (FMI). Some of the initial disruptions have increased the workload on CROs or reduced the internal lab testing capacities of biopharmaceutical firms.Ģ017 to 2021 Laboratory Supplies Demand Analysis vs. However, labs researching other pre-pandemic diseases were shut down as the major goal of the lockdown was to avoid close contact with others, which led to low demand for lab supplies.Īccording to Stat News, many researchers have stated that widespread and lengthy shutdowns had significant implications on the pace of other scientific discoveries. The COVID-19 pandemic had resulted in an increase in research pertaining to coronavirus. The market is expected to grow at a steady rate in the coming years owing to the continuous and stable supply of laboratory equipment. The market is majorly driven by the rise in funding and investment in R&D activities in the field of pharmaceutical and biotechnology. The global laboratory supplies market was valued at US$ 35 Billion in 2021 and is projected to exhibit a compound annual growth rate (CAGR) of 8% from 2022 to 2032. We do not imply these products are fit for any particular use.Laboratory Supplies Market Snapshot (2022 to 2032) *As always you should test labware to ensure product compatibility. Microbiology Lab Consumables Microbiology Lab Equipment Microbiology Lab Safety Supplies Other Microbiology Lab Supplies We do not imply these products are fit for any particular use. Browse through our selection of disposable lab supplies, lab safety products, general lab supplies and lab equipment to find the products needed to outfit your microbiology lab. SKS Science offers many high quality lab supplies and lab equipment items that are used on a daily basis in microbiology labs.
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