Canada Laboratory Supplies Market Size & Outlook, 2023-2030
Canada Laboratory Supplies Market, 2018-2030 (US$M)
Global Market
Related Markets
Canada laboratory supplies market highlights
- The Canada laboratory supplies market generated a revenue of USD 1,814.8 million in 2023 and is expected to reach USD 2,756.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% 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 1,814.8 million |
| Market revenue in 2030 | USD 2,756.3 million |
| Growth rate | 6.2% (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, Canada accounted for 4.4% 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.
Canada’s regulatory environment is governed by Health Canada and there has been tremendous support by the government, encouraging investments for clinical development & manufacture of biopharmaceutical products.
Budget 2016 had highlighted a significant investment on Health Info way and the Center for Drug Research and Development in the next 2 years, which is expected to attract many biopharmaceutical companies to the country. The abovementioned factors are anticipated to drive demand for lab supplies in the region.
Furthermore, coronavirus outbreak in the country is also anticipated to increase demand for medical & diagnostic services, healthcare infrastructure, and personnel protection. It is also anticipated to fuel a number of research activities, such as development of vaccines, diagnostic tools, and other countermeasures, fueling market demand.
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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 |
Canada 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 62.58% in 2023.
Horizon Databook has segmented the Canada laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s regulatory environment is governed by Health Canada and there has been tremendous support by the government, encouraging investments for clinical development & manufacture of biopharmaceutical products.
Budget 2016 had highlighted a significant investment on Health Info way and the Center for Drug Research and Development in the next 2 years, which is expected to attract many biopharmaceutical companies to the country. The abovementioned factors are anticipated to drive demand for lab supplies in the region.
Furthermore, coronavirus outbreak in the country is also anticipated to increase demand for medical & diagnostic services, healthcare infrastructure, and personnel protection. It is also anticipated to fuel a number of research activities, such as development of vaccines, diagnostic tools, and other countermeasures, fueling market demand.
- Canada Laboratory Supplies Market Product Outlook (Revenue, USD Million , 2018-2030)
- Equipment
- Disposables
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Laboratory Supplies Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Laboratory Supplies Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Laboratory Supplies Market, 2018-2030 (US$M)
Canada laboratory supplies market statistics, by product, 2018-2030 (US$M)
