Global Laboratory Equipment Market Size & Outlook
The laboratory equipment industry worldwide is expected to reach a projected revenue of US$ 50,279.2 million by 2030. A compound annual growth rate of 7.6% is expected of the worldwide laboratory equipment industry from 2024 to 2030.
Revenue, 2023 (US$M)
$30,060.8
Forecast, 2030 (US$M)
$50,279.2
CAGR, 2024 - 2030
7.6%
Report Coverage
Worldwide
Global laboratory equipment market, 2018-2030 (US$M)
Related Markets
Global laboratory equipment market highlights
- The global laboratory equipment market generated a revenue of USD 30,060.8 million in 2023 and is expected to reach USD 50,279.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.6% by 2030.
- In terms of segment, general accounted for a revenue of USD 9,362.1 million in 2023.
- General is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 30,060.8 million |
| Market revenue in 2030 | USD 50,279.2 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | General |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
Other key industry trends
- In terms of revenue, the North America accounted for 38.0% of the global laboratory equipment market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UAE is the fastest growing regional market and is projected to reach USD 290.4 million by 2030.
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Laboratory Equipment Market Scope
Laboratory equipment market segmentation & scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global laboratory equipment market size, by regions, 2018-2030 (US$M)
Top 10 countries: Laboratory equipment market size, 2023 (US$M)
Global laboratory equipment market share, by product, 2023 & 2030 (%, US$M)
Laboratory equipment market: Opportunity assessment by country
Global laboratory equipment market, by region, 2023 (US$M)
Related regional statistics
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