India Laboratory Supplies Market Size & Outlook, 2023-2030
India laboratory supplies market, 2018-2030 (US$M)
Related Markets
India laboratory supplies market highlights
- The India laboratory supplies market generated a revenue of USD 2,580.2 million in 2023 and is expected to reach USD 4,196.1 million by 2030.
- The India market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory supplies market data book summary
| Market revenue in 2023 | USD 2,580.2 million |
| Market revenue in 2030 | USD 4,196.1 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, India accounted for 6.2% of the global laboratory supplies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China laboratory supplies market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,155.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India laboratory supplies market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laboratory supplies market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 64.08% in 2023. Horizon Databook has segmented the India laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
India is emerging as one of the lucrative markets for lab supplies across the globe. This can be attributed to low costs, availability of industry experts, and presence of WHO-cGMP compliant facilities. According to an article by The Pharma Letter, operational costs in India are nearly 40% lower than that in several developed nations, presenting significant economic benefits for multinational companies.
Increase in government funding for R&D to accelerate development of new products has made India one of the most favored locations for establishing bioanalytical testing facilities, thereby boosting the market growth. Furthermore, expansion plans undertaken by various stakeholders are also anticipated to increase the demand for lab equipment and supplies in the country.
For instance, in July 2015, VIMTA Labs received approval for pan-India expansion plans to create a network of branch laboratories. In 2017, Clearsynth Labs established a High-Field Bio--NMR/600 MHz facility at its R&D lab in Hyderabad. In addition, in November 2020, Stelis BioSource, a division of Stelis Biopharma, invested over USD 100 million in its Bangalore facilities.
Reasons to subscribe to India laboratory supplies market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India laboratory supplies market databook
-
Our clientele includes a mix of laboratory supplies market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India laboratory supplies market , including forecasts for subscribers. This country databook contains high-level insights into India laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India laboratory supplies market size, by product, 2018-2030 (US$M)
India Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
