Canada Laboratory Equipment Market Size & Outlook
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Canada laboratory equipment market highlights
- The Canada laboratory equipment market generated a revenue of USD 1,319.2 million in 2023 and is expected to reach USD 2,015.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Support is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory equipment market data book summary
| Market revenue in 2023 | USD 1,319.2 million |
| Market revenue in 2030 | USD 2,015.0 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Support |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 4.4% of the global laboratory equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. laboratory equipment market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 17,997.6 million by 2030.
General was the largest segment with a revenue share of 34.87% in 2023. Horizon Databook has segmented the Canada laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
The laboratory equipment market in Canada is driven increasing healthcare expenditure, technological advancements, R&D activities, and growing need for efficient diagnostic solutions. Key players in the market include multinational companies as well as local manufacturers and distributors.
Moreover, the Canadian government's focus on improving healthcare infrastructure and increasing healthcare expenditure has improved the access to healthcare services, including diagnosis and treatment using laboratory equipment.
Organizations such as Canada Health Info way, in association with Accreditation Canada, a federally funded organization with dedicated standards to improve the Canadian healthcare system, are taking steps to accelerate the development, adoption, and efficient use of digital health in the country.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Sartorius AG | View profile | 14338 | Otto-Brenner-Strasse 20, Gottingen, NI, Germany, 37079 | https://www.sartorius.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
Canada laboratory equipment market size, by product, 2018-2030 (US$M)
Canada Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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