LABORATORY SUPPLIES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America dominates the global laboratory supplies market with 41.2% in 2024 due to presence of well-established life sciences industry and research institutions in the region. Countries like U.S. and Canada have robust pharmaceutical and biotechnology sectors undertaking intensive R&D activities. This has boosted demand for wide variety of laboratory consumables, equipment and technologies across various end-use industries. Moreover, presence of leading original equipment manufacturers (OEMs) such as Thermo Fisher Scientific, Agilent Technologies and Danaher Corporation has further strengthened North America's prominence in this industry. These players account for major share of laboratory supplies market in the region through their innovating product offerings and quality services.

Asia Pacific laboratory supplies market has been witnessing exponential growth, owing to increasing investments by governments and private players in life science infrastructure development. Countries like China, India, Japan and South Korea are emerging as global biomedical hubs luring huge capital investments for setting up world-class research institutes and labs. Rapidly developing healthcare sector and growing burden of diseases have necessitated higher spending on R&D activities. This has boosted the requirement for advanced laboratory tools and consumables to support clinical studies and diagnostic procedures. Presence of low-cost manufacturing destinations and favorable business landscape has attracted global players to establish manufacturing facilities in the region.