Thailand Laboratory Equipment Market Size & Outlook
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Thailand laboratory equipment market highlights
- The Thailand laboratory equipment market generated a revenue of USD 455.9 million in 2023 and is expected to reach USD 720.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 6.7% 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 455.9 million |
| Market revenue in 2030 | USD 720.1 million |
| Growth rate | 6.7% (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, Thailand accounted for 1.5% 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 Asia Pacific, India laboratory equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,307.0 million by 2030.
General was the largest segment with a revenue share of 26.19% in 2023. Horizon Databook has segmented the Thailand laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand is placing a greater emphasis on R&D activities across various industries, including pharmaceuticals, biotechnology, agriculture, and healthcare. This drive for innovation and scientific advancement fuels the demand for advanced laboratory equipment to support research studies and product development.
The Thai government has implemented supportive policies and initiatives to promote scientific R&D. These include grants, funding programs, and tax incentives aimed at encouraging investments in laboratory infrastructure and equipment. Such government support provides a favorable environment for the growth of the laboratory equipment market.
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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 |
Thailand laboratory equipment market size, by product, 2018-2030 (US$M)
Thailand Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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