Laboratory Glassware Market
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Laboratory Glassware Market size was valued at around USD 2 billion in 2023 and is estimated to grow at 3.1% CAGR from 2024 to 2032. The rise in research and development (R&D) activities significantly drives the growth of the laboratory glassware market.
Enhanced R&D activities across various industries, including pharmaceuticals, biotechnology, chemicals, and environmental sciences, necessitate extensive use of laboratory glassware for experiments, laboratory proficiency testing, and analysis. For instance, the Pharmaceutical Research and Manufacturers of America (PhRMA) reported that in 2021, PhRMA member companies invested a record USD 91 billion in R&D, highlighting the sector's commitment to innovation and development. These statistics illustrate the substantial rise in R&D activities across various sectors, which in turn drives the demand for laboratory glassware.
Report Attribute | Details |
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Base Year: | 2023 |
Laboratory Glassware Market size in 2023: | USD 2 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2023 - 2032 CAGR: | 3.1 |
2023 Value Projection: | USD 2.7 Billion |
Historical Data for: | 2021 - 2023 |
No of Pages: | 100 |
Tables, Charts & Figures: | 120 |
Segments Covered: | Product Type, End-use, Distribution Channel and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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Laboratory glassware refers to a variety of equipment and vessels made from glass used in scientific laboratories. These items are essential for conducting experiments, measurements, and analysis in various fields such as chemistry, biology, and physics.
Technological advancements in the laboratory glassware industry are driving growth by improving the functionality, precision, durability, and versatility of glassware products. These advancements cater to the evolving needs of various scientific fields, enhancing the efficiency and accuracy of laboratory processes.
Based on product type, the market is categorized into pipette, flasks, burette, beakers, storage containers, petri dishes, and other product types. The pipette and pipette tips segment dominated the market, with a revenue share of around 30.0% in 2023.
Based on end-use, the laboratory glassware market is categorized into research & academic institutes, pharmaceutical & biotech industry, hospitals & diagnostic centers, contract research organizations, F & B industry, and other end-users. The research & academic institutes dominated the market with USD 635.7 million in 2023.
Based on distribution channel, the laboratory glassware market is categorized into brick & mortar and e-commerce. The brick & mortar segment dominated the market, with a revenue share of around 64.5% in 2023.
North America laboratory glassware market accounted for USD 781.4 million revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
U.S. laboratory glassware market held a dominant position with the market share of 93.1% in 2023.
Germany laboratory glassware market is expected to grow significantly during the forecast period.
China laboratory glassware market is anticipated to witness a high growth rate from 2024-2032, due to several factors.
The laboratory glassware industry is competitive in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel therapeutics with improved efficiency and cost-effectiveness are key market strategies for laboratory glassware manufacturers, driving competition and innovation in the industry. This emphasis on innovation aims to address evolving clinical needs and enhance patient outcomes, positioning companies to gain market share and meet the growing demand for novel laboratory glassware.
Some of the eminent market participants operating in the laboratory glassware industry include:
Market, By Product Type
Market, By End-use
Market, By Distribution Channel
The above information is provided for the following regions and countries:
Bellco Glass, Crystalgen, Inc., DWK Life Sciences, Eppendorf AG, Gerresheimer AG, Hamilton Glass, Merck KGaA, METTLER TOLEDO, Paul Marienfeld GmbH & Co. KG, Sartorius AG, TECHNOSKLO Ltd., and Thermo Fisher Scientific, Inc., are some of the laboratory glassware companies worldwide.
Laboratory glassware market size was USD 2 billion in 2023 and is expected to register 3.1% CAGR from 2024-2032 owing to the rise in research and development (R&D) activities worldwide.
Laboratory glassware industry from the pipette and pipette tips segment held 30% share in 2023 and is expected register an appreciable CAGR from 2024-2032 due to being used across multiple scientific disciplines, including chemistry, biology, medicine, and environmental science.
North America laboratory glassware industry reached USD 781.4 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a thriving pharmaceutical and biotechnology industry in the region.