North America Laboratory Supplies Market Size & Outlook
North America laboratory supplies market, 2018-2030 (US$M)
Related Markets
North America laboratory supplies market highlights
- The North America laboratory supplies market generated a revenue of USD 15,706.9 million in 2023.
- The market is expected to grow at a CAGR of 8.3% 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.
- 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 15,706.9 million |
| Market revenue in 2030 | USD 27,375.6 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 38.0% of the global laboratory supplies 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 27,375.6 million by 2030.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 63.91% in 2023. Horizon Databook has segmented the North America laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
North America is characterized by presence of several well-established biotechnology, pharmaceutical, and medical devices companies. Furthermore, the growing R&D investments by life sciences and pharmaceuticals companies are anticipated to increase demand for lab equipment in the region.
In addition, availability of grants to support research activities, offered by government organizations, is anticipated to boost market growth. For instance, in January 2015, President Obama announced an investment of USD 215 million for Precision Medicine Initiative.
This initiative involves NIH, NCI, & FDA, wherein NIH used USD 130 million to recruit volunteers and create a national cohort of 1 million. NCI received USD 70 million to identify genomic drivers in cancer and design their treatment approaches.
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Target buyers of North America laboratory supplies market databook
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Our clientele includes a mix of laboratory supplies market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America laboratory supplies market , including forecasts for subscribers. This continent databook contains high-level insights into North America laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America laboratory supplies market size, by country, 2018-2030 (US$M)
North America Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
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