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Laboratory Equipment Market In-Depth Insights & Analysis
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Laboratory Equipment Market Research Report 2025

Laboratory Equipment Market Global Industry Analysis and Forecast (2025-2032) by Type (Repair & Maintenance, Calibration, Validation) Equipment Type (Specialty Equipment, General Equipment, Analytical Equipment, Others) Contract Type (Customized Service Contract, Standard Service Contract), Service Provider (Third-party Service Providers, OEMs, Other), End-users (Pharmaceutical, Research Institutions, Healthcare, Veterinary), and Region

Published date: Jun 2025 Report ID: 645 Number of Pages: 250
Format:

Laboratory Equipment Market Synopsis:

Laboratory Equipment Market Size Was Valued at USD 37.54 Billion in 2024, and is Projected to Reach USD 60.29 Billion by 2032, Growing at a CAGR of 6.1% from 2025-2032.

The laboratory instruments market comprises a wide spectrum of tools, devices, and equipment necessary for scientific research, diagnostics, and experimentation. It encompasses simple instruments such as beakers and pipettes and cutting-edge technologies such as spectrophotometers, centrifuges, and AI-empowered analysers. Such instruments are heavily depended upon by laboratories in both academic, clinical, and industrial environments for precision measurement, analysis, and the production of data, rendering them a necessity in the advancement of science.

Market growth is influenced mainly by the growing R&D in the pharmaceutical and biotechnology sectors, growing diagnostic needs, and increasing clinical research trials. Further impetus by the need for personalised medicine and quicker disease identification has further strengthened demand for accurate and automated lab solutions. Private investment and government support also persist to drive innovation and infrastructure buildup.

The Top Active Players Involved Are:

“Agilent Technologies, Inc. (USA), BD (Becton, Dickinson and Company) (USA), Beckman Coulter Inc. (USA), Bio-Rad Laboratories Inc. (USA), Bruker Corporation (Germany), Cole-Parmer Instrument Company (USA), Danaher Corporation (USA), Eppendorf AG (Germany), Fujifilm Holdings Corporation (Japan), Hitachi High-Tech Corporation (Japan), Horiba, Ltd. (Japan), Labconco Corporation (USA), Merck Group (Germany), Mettler-Toledo International Inc. (USA), PerkinElmer Inc. (USA), Sartorius AG (Germany), Shimadzu Corporation (Japan), TA Instruments (USA), Thermo Fisher Scientific Inc. (USA), Waters Corporation (USA), Zeiss Group (Germany), and Other Active Players.”

Laboratory Equipment Market Segment Analysis:

The Laboratory Equipment Market is segmented based on Type, Equipment Type, Contract Type, Service Provider, End-Users, and Region

By End-use, the Healthcare Segment is Expected to Dominate the Market During the Forecast Period

  • The healthcare segment is projected to lead the global laboratory equipment market throughout the forecast period. This is largely attributed to the growing need for sophisticated diagnostic testing, rising cases of chronic and infectious diseases, and continuous advances in personalised medicine. Hospitals, diagnostic laboratories, and clinical research organisations are significantly investing in laboratory equipment to improve patient care and treatment accuracy.
  • The pandemic of COVID-19 further expedited the demand for high-throughput diagnostic devices, encouraging healthcare facilities to upgrade their lab infrastructure. Besides, regulatory focus on quality standards and the detection of diseases at an early stage continue to fuel the use of advanced laboratory systems. Consequently, the healthcare segment is still the biggest and most significant end-user of the laboratory equipment market globally.

By Contract Type, the Standard Service Contract Segment Held the Largest Share in 2024

  • The Standard Service Contract segment was the largest global laboratory equipment market share in 2024. Because they offer comprehensive, pre-documented services such as routine maintenance, calibration, and repairs that ensure equipment reliability and regulatory compliance, these contracts are most popular. 
  • Standard contracts are also preferred by laboratories for being convenient and inexpensive, particularly in clinical and academic environments. By eliminating the necessity to customise service contracts for each piece of equipment, they reduce administrative burden and facilitate more streamlined operations and budget predictability.
  • Due to their reliability and simplicity, standard service contracts are a practical and efficient solution for companies that use a range of lab equipment, which will help them dominate the market in 2024.

Laboratory Equipment Market Regional Insights:

North America is projected to lead the market throughout the forecast period

  • North America will dominate the world market for laboratory equipment during the forecast period. This is driven by the developed healthcare infrastructure in North America, enormous research and development expenditure, and the presence of leading pharmaceutical and biotechnology companies.
  • The United States, in particular, takes a pivotal position with immense investment from institutions like the National Institutes of Health (NIH), financing extensive scientific research.
  • In addition, the region's emphasis on early disease detection, personalised medicine, and regulatory compliance drives the demand for sophisticated laboratory equipment. Technological advancements and new product launch further consolidate North America's market leadership position.

Laboratory Equipment Market Active Players:

  • Agilent Technologies, Inc. (USA)
  • BD (Becton, Dickinson and Company) (USA)
  • Beckman Coulter Inc. (USA)
  • Bio-Rad Laboratories Inc. (USA)
  • Bruker Corporation (Germany)
  • Cole-Parmer Instrument Company (USA)
  • Danaher Corporation (USA)
  • Eppendorf AG (Germany)
  • Fujifilm Holdings Corporation (Japan)
  • Hitachi High-Tech Corporation (Japan)
  • Horiba, Ltd. (Japan)
  • Labconco Corporation (USA)
  • Merck Group (Germany)
  • Mettler-Toledo International Inc. (USA)
  • PerkinElmer Inc. (USA)
  • Sartorius AG (Germany)
  • Shimadzu Corporation (Japan)
  • TA Instruments (USA)
  • Thermo Fisher Scientific Inc. (USA)
  • Waters Corporation (USA)
  • Zeiss Group (Germany)
  • Other Active Players

Key Industry Developments in the Laboratory Equipment Market:

  • In April 2025, Thermo Fisher Scientific launched the Krios 5 Cryo-Transmission Electron Microscope (Cryo-TEM), offering enhanced automation and imaging performance. The new system improved throughput by up to 25% and integrated AI-powered features for advanced structural biology applications. It also supported sustainability efforts with energy-efficient design and eco-certification.
  • In April 2024, Agilent Technologies Inc. launched the Advanced Dilution System (ADS 2), an intelligent autodilutor aimed at improving lab productivity and efficiency. The system was designed to integrate with Agilent's instruments and software, providing a fully automated, single-vendor solution. It targeted applications across food, environmental, pharmaceutical, and advanced materials testing markets.

Laboratory Equipment Market

Base Year:

2024

Forecast Period:

2025-2032

Historical Data:

2018 to 2024

Market Size in 2024:

USD 37.54 Bn.

Forecast Period 2025-32 CAGR:

6.1%

Market Size in 2032:

USD 60.29 Bn.

Segments Covered:

By Type

  • Repair & Maintenance
  • Calibration
  • Validation

By Equipment Type

  • Speciality Equipment
  • General Equipment
  • Analytical Equipment

By Contract Type

  • Customised Service Contract
  • Standard Service Contract

By Service Provider

  • Third-party Service Providers
  • OEMs

By End-use

  • Pharmaceutical
  • Research Institutions
  • Healthcare
  • Veterinary

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, the Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Türkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Growth Driver:

  • Growth in Life Sciences Research and Drug Discovery

Limiting Factor

  • High Operating Costs and Capital Expenditures

Expansion Opportunity

  • Combining Automation and AI in Laboratory Workflows

Challenge Barrier

  • Shortage of Skilled Technical Workforce

Companies Covered in the Report:

  • Agilent Technologies, Inc. (USA), BD (Becton, Dickinson and Company) (USA), Beckman Coulter Inc. (USA), Bio-Rad Laboratories Inc. (USA), Bruker Corporation (Germany), and Other Active Players

Chapter 1: Introduction

 1.1 Scope and Coverage



Chapter 2:Executive Summary



Chapter 3: Market Landscape

 3.1 Market Dynamics and Opportunity Analysis

  3.1.1 Growth Drivers

  3.1.2 Limiting Factors

  3.1.3 Growth Opportunities

  3.1.4 Challenges and Risks

 3.2 Market Trend Analysis

 3.3 Industry Ecosystem

 3.4 Industry Value Chain Mapping

 3.5 Strategic PESTLE Overview

 3.6 Porter's Five Forces Framework

 3.7 Regulatory Framework

 3.8 Pricing Trend Analysis

 3.9 Intellectual Property Review

 3.10 Technology Evolution

 3.11 Import-Export Analysis

 3.12 Consumer Behavior Analysis

 3.13 Investment Pocket Analysis

 3.14 Go-To Market Strategy



Chapter 4: Laboratory Equipment Market by Type (2018-2032)

 4.1 Laboratory Equipment Market Snapshot and Growth Engine

 4.2

Frequently Asked Questions

What is the Forecast Period Covered in the Laboratory Equipment Market Research Report?

The projected forecast period for the Laboratory Equipment Market Research Report is 2025-2032.

Who are the Key Players in the Laboratory Equipment Market?

Agilent Technologies, Inc. (USA), BD (Becton, Dickinson and Company) (USA), Beckman Coulter Inc. (USA), Bio-Rad Laboratories Inc. (USA), Bruker Corporation (Germany), Cole-Parmer Instrument Company (USA), Danaher Corporation (USA), Eppendorf AG (Germany), Fujifilm Holdings Corporation (Japan), Hitachi High-Tech Corporation (Japan), Horiba, Ltd. (Japan), Labconco Corporation (USA), Merck Group (Germany), Mettler-Toledo International Inc. (USA), PerkinElmer Inc. (USA), Sartorius AG (Germany), Shimadzu Corporation (Japan), TA Instruments (USA), Thermo Fisher Scientific Inc. (USA), Waters Corporation (USA), Zeiss Group (Germany), and Other Active Players.

How is the Laboratory Equipment Market segmented?

The Laboratory Equipment Market is segmented into Type, Equipment Type, Contract Type, Service Provider, End-Users, and Region. By Type, the market is categorized into Repair & Maintenance, Calibration, Validation. By Equipment Type, the market is categorized into Specialty Equipment, General Equipment, Analytical Equipment, Others. By Contract Type, the market is categorized into Customized Service Contract, Standard Service Contract. By Service Provider, the market is categorized into Third-party Service Providers, OEMs, Other). By End-Users, the market is categorized into Pharmaceutical, Research Institutions, Healthcare, and Veterinary. By Region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Russia; Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; The Netherlands; Italy;; Spain; Rest of Western Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Türkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil; Argentina, etc.).

What defines the Laboratory Equipment Market?

The laboratory instruments market consists of a wide spectrum of tools, devices, and equipment necessary for scientific research, diagnostics, and experimentation. It encompasses simple instruments such as beakers and pipettes, while also including cutting-edge technologies such as spectrophotometers, centrifuges, and AI-empowered analysers.

What is the market size of the Laboratory Equipment Market?

Laboratory Equipment Market Size Was Valued at USD 37.54 Billion in 2024, and is Projected to Reach USD 60.29 Billion by 2032, Growing at a CAGR of 6.1% from 2025-2032.

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Report ID: 645

Published Date: 2025-06-03

Number of Pages: 250

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Akshay Patil

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