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Laboratory Glassware Market Size
- Report ID: GMI4209
- Published Date: Jul 2024
- Report Format: PDF
Laboratory Glassware Market Size
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 |
|---|---|
| Base Year: | 2023 |
| Laboratory Glassware Market Size in 2023: | USD 2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 3.1% |
| 2032 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.
Frequently Asked Questions (FAQ) :
Laboratory Glassware Market Scope
