The global laboratory supplies market is projected to grow at a CAGR of 7.44% over the forecast period, increasing from US$47.531 billion in 2025 to US$68.044 billion by 2030.
Laboratory supplies refer to a broad range of necessary products used in scientific research, testing, and experimentation in fields such as healthcare, pharmaceuticals, biotechnology, and education. The supplies range from glassware and plasticware for measuring and mixing, consumables like gloves and lab coats for safety and hygiene, and chemical reagents needed for experiments. Specialized instruments, including microscopes, centrifuges, and spectrophotometers, play an integral role in detailed analyses, with safety equipment such as eyewash stations and fire extinguishers providing a secure working environment.
The laboratory supply market is growing through advances in science and technology and an increase in R&D activity. In the healthcare and pharmaceutical industries, rising demand for good-quality, highly specialized supplies - for example, in genomics, proteomics, and biotechnology-related areas - further fuels the expansion of the laboratory supply market. The focus on laboratory automation and sustainability has also enhanced the development of more efficient, eco-friendly, and cost-effective laboratory products.
According to the statistics derived by the UNESCO Institute of Statistics, the global expenditure on R&D has reached as high as US$1.7 trillion. About ten countries account for 80% of spending. As part of the Sustainable Development Goals (SDGs), countries have pledged to substantially increase public and private R&D spending as well as the number of researchers by 2030.
Moreover, there have been continuous investments to fuel the expansion of R&D facilities, especially in life sciences, across the globe. With rising healthcare expenditure and growing incidence of rare and orphan diseases, the life sciences industry is under tremendous pressure to increase the speed of drug discovery and development. This, in turn, is escalating the demand for laboratory supplies worldwide, thereby driving market growth.
Increasing investments by governments to improve the education sector to generate a great pool of talent is also supporting the expansion of research laboratories across the education sector, thus positively impacting the market growth of laboratory supplies. For example, the Canadian government provided funding of $763 million for the Canada Foundation for Innovation (CFI) over the next five years and $462 million per year starting in 2023-24. This investment allows CFI to continue to support researchers by investing in advanced labs and research equipment in Canadian universities, colleges, and research hospitals while creating a new generation of researchers.
Prominent key market players in the laboratory supplies market include Lab Connections, Th. Geyer GmbH & Co. KG., Thermo Fisher Scientific, Spectrum Chemical Manufacturing Corp., Ing. Petr Švec - PENTA s.r.o., and Becton, Dickinson and Company, among others. These companies hold a noteworthy share of the market on account of their good brand image and product offerings.
The laboratory supplies market growth is also being driven by rising investments into the digital supply chain, both by players across it and by companies that seek to tap the growth potential this transformation holds. For instance, Quartzy, an online platform that facilitates laboratory supply management and placing orders for supplies, is working with IndieBio, which works towards accelerating the growth of biotechnology start-ups. As these investments continue to increase, sales of laboratory supplies will also witness impressive growth on account of the improved efficiency of the overall process.
The global laboratory supplies market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Several factors, including growth in research and development activities across different sectors like pharmaceuticals, biotechnology, and healthcare, have driven the North American laboratory supplies market. There has been an increased investment in life sciences, medical research, and diagnostic labs, which has further accelerated the demand for high-quality laboratory products. Expansion of the healthcare and biotechnology industries, with a growing need for personalized medicine and genomic research, is a driving force in this market. Furthermore, the rising demand for laboratory automation and precision equipment to improve efficiency and accuracy further boosts the growth of the market. Increased laboratory safety and sustainability focus are driving the adoption of eco-friendly products and safety-compliant supplies in the region.
The Asia-Pacific laboratory supplies market is driven by rapid industrialization, increasing research and development activities, and the growing healthcare and biotechnology sectors in the region. Formulated by the Government of Japan, the Bioeconomy Strategy focuses on the development and advancement of the biotechnology sector to create "the world's most advanced bioeconomy society by 2030" and increase its size to 92 trillion yen, or US$837 billion.
Amongst this, high-performance biomaterials, bioplastics will receive 53.3 trillion yen/US$485 billion, sustainable primary production systems 1.7 trillion yen/US$15.5 billion, large-scale wood-based construction 1 trillion yen/US$9 billion, and lifestyle-related healthcare improvement 33 trillion yen/US$300 billion. Meanwhile, biopharmacy, regenerative medicine, cell therapy, and gene therapy might receive 3.3 trillion yen/US$30 billion by 2030.
Investments in medical research, pharmaceuticals, and academic institutions have increased demand for high-quality laboratory products. Increased clinical and diagnostic labs, and a greater emphasis on precision medicine speed up the need for advanced laboratory supplies. Moreover, the increasing number of government initiatives to improve healthcare infrastructure and foster innovation in life sciences supports market growth.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Laboratory Supplies Market Size in 2025 | US$47.531 billion |
| Laboratory Supplies Market Size in 2030 | US$68.044 billion |
| Growth Rate | CAGR of 7.44% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Laboratory Supplies Market |
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| Customization Scope | Free report customization with purchase |