Market revenue in 2023 | USD 1,383.3 million |
Market revenue in 2030 | USD 2,304.5 million |
Growth rate | 7.6% (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 |
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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 62.58% in 2023. Horizon Databook has segmented the Spain laboratory supplies market based on equipment, disposables 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 & organization, 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 1.2 % of the GDP in 2017. Various factors such as high R&D expenditure and presence of research oriented institutes & CROs are fueling the growth of lab supplies market in the country.
High prevalence of infectious diseases, such as COVID-19, in the country is anticipated to increase the demand for vaccines in Spain. For instance, according to WHO, as of 19th July 2020, nearly 260,255 confirmed cases of COVID-19 and approximately 28,420 deaths were reported in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain laboratory supplies market , including forecasts for subscribers. This country databook contains high-level insights into Spain laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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