North America Laboratory Equipment Market Size & Outlook
North America laboratory equipment market, 2018-2030 (US$M)
Related Markets
North America laboratory equipment market highlights
- The North America laboratory equipment market generated a revenue of USD 11,418.0 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- General is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,418.0 million |
| Market revenue in 2030 | USD 20,012.6 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | General |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 38.0% of the global laboratory equipment market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 20,012.6 million by 2030.
General was the largest segment with a revenue share of 36.33% in 2023. Horizon Databook has segmented the North America laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
North America has several well-established biotechnologies, pharmaceutical, and medical devices companies. Growing R&D investments by life sciences and pharmaceutical companies are anticipated to boost demand for lab equipment in the region.
In addition, availability of grants for research activities offered by government organizations is anticipated to boost market growth. Furthermore, promoting sustainability in clinical laboratories that widely utilize water, energy, and single-use plastics has posed significant challenges.
However, over the past few years, numerous campaigns and initiatives have emerged to encourage the adoption of sustainable laboratory equipment. One key trend is the shift toward using glass laboratory equipment as an alternative to single-use plastics.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America laboratory equipment market size, by country, 2018-2030 (US$M)
North America Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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