Spain Laboratory Equipment Market Size & Outlook
Spain laboratory equipment market, 2018-2030 (US$M)
Related Markets
Spain laboratory equipment market highlights
- The Spain laboratory equipment market generated a revenue of USD 745.9 million in 2023 and is expected to reach USD 1,261.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Analytical 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 745.9 million |
| Market revenue in 2030 | USD 1,261.7 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Analytical |
| 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, Spain accounted for 2.5% 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 Europe, UK laboratory equipment market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,820.6 million by 2030.
General was the largest segment with a revenue share of 26.96% in 2023. Horizon Databook has segmented the Spain laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
Various cities, such as Barcelona and Madrid, in Spain are the epicenters of various research institutes and R&D activities in the country. The country has over 18 public research institutes & organizations, which form the core of the Spanish system of scientific research & technological development.
Moreover, according to the World Bank collection of development indicators, R&D expenditure in Spain was reported to be 1.4% of the GDP in 2020. Various factors, such as high R&D expenditure and presence of research-oriented institutes & CROs, are fueling the growth of the laboratory equipment market in the country.
Furthermore, expansion plans by various stakeholders are anticipated to increase the demand for lab equipment. For instance, in 2020, AGC, Inc. announced the expansion of its production capabilities and the establishment of a new R&D facility for its pharmaceutical CDMO subsidiary located in Spain.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain laboratory equipment market size, by product, 2018-2030 (US$M)
Spain Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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