U.S. Laboratory Equipment Market Size & Outlook, 2023-2030
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U.S. laboratory equipment market highlights
- The U.S. laboratory equipment market generated a revenue of USD 10,098.8 million in 2023 and is expected to reach USD 17,997.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.6% 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.
Laboratory equipment market data book summary
| Market revenue in 2023 | USD 10,098.8 million |
| Market revenue in 2030 | USD 17,997.6 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | General |
| 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, U.S. accounted for 33.6% 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 36.52% in 2023. Horizon Databook has segmented the U.S. laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
Technological advancements in laboratory equipment are prime factors driving market expansion in the country. Advances in laboratory technology, such as automation, robotics, and digitalization, are driving the demand for more sophisticated and efficient equipment that enhances productivity, accuracy, and data analysis capabilities.
In addition, strategic initiatives by various key players are anticipated to positively impact market growth. For instance, the growth of the laboratory equipment sector can be seen with the introduction of Baker Company, Inc.'s ReCO2ver, which was launched in September 2021.
This innovative recovery cell culture incubator offers enhanced value to customers in the fields of cell culture, microbiology, and biological safety. Furthermore, several strategic initiatives by key market players are expected to drive the market 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 |
U.S. laboratory equipment market size, by end use, 2018-2030 (US$M)
U.S. Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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