LABORATORY GLASSWARE AND PLASTICWARE MARKET ANALYSIS

Laboratory Glassware And Plasticware MarketSize and Trends

The global laboratory glassware and plasticware market size was valued at US$ 5,473.3 million in 2017 and is expected to exhibit a CAGR of 3.7% over the forecast period (2018 – 2026).

Figure 1. Global Laboratory Glassware and Plasticware Market Value (US$ Mn), by Region, 2017

Source: Coherent Market Insights Analysis (2019)

Increasing number of research in biotechnology and pharmaceutical industries propel the global laboratory glassware and plasticware market growth

Increasing number of research in biotechnology and pharmaceutical industries is expected to increase the demand for glassware and plasticware, which in turn is expected to fuel the global laboratory glassware and plasticware market growth in the near future. Moreover, increasing applications of glassware and plasticware for clinical use in hospitals, forensic laboratories, veterinary science, and agriculture is expected to propel the global glassware and plasticware market growth across the globe. Furthermore, growing prevalence of chronic diseases has led to development of new drugs, which in turn stimulates the global laboratory glassware and plasticware market growth. Moreover, effluence in biology and biotechnological research including disease research, stem cell research and vaccine development requires the various laboratory equipment including glassware and plasticware leads to drive the market growth.

Easy diagnosis of diseases and effective results of medical tests have fueled growth of global laboratory glassware and plasticware market. Moreover, shifting towards the automated laboratory process is a key trend in the global laboratory glassware and plasticware market.

Moreover, in November 2017, InnovaPrep announced the launch of the Concentrating Pipette (CP) Select. The CP Select allows users to accomplish pathogen concentration and inhibitor removal from liquid samples (up to 5 Liters) faster and easier than ever before. Recovered pathogens are delivered in seconds with a press of a button ready for analysis using our method of choice.