Asia Pacific Laboratory Supplies Market Size & Outlook
Asia Pacific Laboratory Supplies Market, 2018-2030 (US$M)
Global Market
Related Markets
Asia Pacific laboratory supplies market highlights
- The Asia Pacific laboratory supplies market generated a revenue of USD 9,644.8 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 9,644.8 million |
| Market revenue in 2030 | USD 15,271.0 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 23.3% of the global laboratory supplies market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 27,375.6 million by 2030.
Asia Pacific is anticipated to witness substantial growth over the forecast period, owing to increasing investments by companies in developed economies in enhancing healthcare and amendments made by regulatory bodies for changing clinical trial evaluation standards to align with the global standards.
Furthermore, several stakeholders are establishing new facilities and forming alliances to increase the reach of their offerings to various locations in the region. For instance, in October 2020, Sai Life Sciences announced plans to expand its biology capabilities at its integrated R&D campus in Hyderabad, India, with a dedicated 75,000 sq. ft. facility.
This new facility will offer in vitro & in vivo biology services and DMPK & toxicology capabilities, with the first set of labs scheduled to open in March 2021. Several biopharmaceutical companies from the U.S. are considering developing pharmaceutical products in Asian countries owing to growing cost of R&D in their home country.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shimadzu Corp | View profile | 15,284 | 1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, Japan, 604-8511 | www.shimadzu.com |
| FUJIFILM Holdings Corp | View profile | 83,784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | www.fujifilmholdings.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.com |
| Sartorius AG | View profile | 14,338 | Otto-Brenner-Strasse 20, Gottingen, NI, Germany, 37079 | www.sartorius.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Bruker Corp | View profile | 9,707 | 40 Manning Road, Billerica, MA, United States, 01821 | www.bruker.com |
| Waters Corp | View profile | 7,900 | 34 Maple Street, Milford, MA, United States, 01757 | www.waters.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | www.perkinelmer.com |
Asia Pacific 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 Outlook will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 62.8% in 2023.
Horizon Databook has segmented the Asia Pacific laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is anticipated to witness substantial growth over the forecast period, owing to increasing investments by companies in developed economies in enhancing healthcare and amendments made by regulatory bodies for changing clinical trial evaluation standards to align with the global standards.
Furthermore, several stakeholders are establishing new facilities and forming alliances to increase the reach of their offerings to various locations in the region. For instance, in October 2020, Sai Life Sciences announced plans to expand its biology capabilities at its integrated R&D campus in Hyderabad, India, with a dedicated 75,000 sq. ft. facility.
This new facility will offer in vitro & in vivo biology services and DMPK & toxicology capabilities, with the first set of labs scheduled to open in March 2021. Several biopharmaceutical companies from the U.S. are considering developing pharmaceutical products in Asian countries owing to growing cost of R&D in their home country.
- Asia Pacific Laboratory Supplies Market Product Outlook (Revenue, USD Million , 2018-2030)
- Equipment
- Disposables
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Laboratory Supplies Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Laboratory Supplies Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Laboratory Supplies Market, 2018-2030 (US$M)
Asia Pacific laboratory supplies market statistics, by product, 2018-2030 (US$M)
