U.S. Laboratory Supplies Market Size & Outlook, 2023-2030
U.S. laboratory supplies market, 2018-2030 (US$M)
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U.S. laboratory supplies market highlights
- The U.S. laboratory supplies market generated a revenue of USD 13,892.2 million in 2023 and is expected to reach USD 24,619.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.5% 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 13,892.2 million |
| Market revenue in 2030 | USD 24,619.3 million |
| Growth rate | 8.5% (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, U.S. accounted for 33.6% 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 North America, U.S. laboratory supplies 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 24,619.3 million by 2030.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 U.S. laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
As per a report by Council of Economic Advisers 2018, the U.S. market funds around half of the world's medical R&D. In addition, the U.S. pharmaceutical sector is characterized by a well-developed R&D infrastructure with broad talent pool, stringent scientific regulatory system, and an advanced environment, encouraging investments on novel drug discovery & development.
These factors are anticipated to positively impact the market growth. According to WHO, as of July 19, 2020, nearly 3,544,143 confirmed cases of COVID-19 and approximately 137, 674 deaths were reported in the country, making it the nation with highest number of confirmed cases across the globe.
Furthermore, WHO stated that there were more than 560 COVID-19 related clinical trials registered, as of July 2020, in the country; thus, making it the second country after China with highest number of registered COVID-19-related clinical trials.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. laboratory supplies market , including forecasts for subscribers. This country databook contains high-level insights into U.S. laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. laboratory supplies market size, by product, 2018-2030 (US$M)
U.S. Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
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