Laboratory Equipment Industry Statistics

In this post, we will explore key statistics and trends in the laboratory equipment industry. From the global market values to regional market shares and growth projections, these statistics provide valuable insights into the current state and future prospects of the laboratory equipment services and manufacturing sectors. Let’s dive into the data behind this dynamic industry.

Statistic 1

"The global laboratory equipment services market was valued at $8.55 billion in 2020,"

Statistic 2

"The laboratory analytical instrument manufacturing market is expected to grow from $87.96 billion in 2020 to $92.55 billion in 2021,"

Statistic 3

"The laboratory equipment market is expected to reach $3.1 billion by 2026,"

Statistic 4

"The maintenance and repair segment accounted for 24.6% share of the global laboratory equipment services market in 2018,"

Statistic 5

"North America led the laboratory equipment services market in 2018 with a revenue share of 39.9%,"

Statistic 6

"The laboratory equipment services market in Asia is expected to grow at a CAGR of 10.2% from 2019-2026,"

Statistic 7

"The United States is expected to remain the largest market for laboratory analytical instruments,"

Statistic 8

"In 2018, 39.2% of the laboratory equipment services market was held by the life science facilities,"

Statistic 9

"The global laboratory equipment services market is expected to grow at a CAGR of 7.9% from 2020-2027,"

Statistic 10

"As of 2020, Europe held a significant share of around 25% in the global laboratory equipment manufacturing market,"

Statistic 11

"The chromatography segment of laboratory equipment market is expected to reach $11.7 billion by 2026,"

Statistic 12

"The spectrometry segment of laboratory equipment market is expected to grow at a CAGR of 5.7% from 2019-2026,"

Statistic 13

"The highest revenue generator in the laboratory equipment market in 2019 was North America,"

Statistic 14

"As of 2019, food and beverage testing labs held around 22% share in the lab equipment market,"

Statistic 15

"The life sciences segment held the largest share of the laboratory equipment market, accounting for almost 38% in 2019,"

Statistic 16

"Among the types of services for lab equipment, repair and maintenance services accounted for about 45% of the global market share in 2019,"

Statistic 17

"Asia-Pacific is expected to register the fastest growth in the laboratory equipment manufacturing market from 2021 to 2030,"

Statistic 18

"The independent service organizations segment in the laboratory equipment service market is expected to grow at a CAGR of 9% from 2021 to 2027,"

Statistic 19

"The microbiology & bacterial culture for industrial testing segment is anticipated to witness the fastest growth rate of 8.1% from 2018 to 2026 in laboratory equipment service market,"

In summary, the global laboratory equipment industry is experiencing significant growth and evolution, with various segments showing promising trends. The market values and projections reflect a robust demand for laboratory equipment services, particularly in regions like North America and Asia. Maintenance and repair services continue to be vital components of the industry, while specific segments such as chromatography and spectrometry are expected to see substantial growth. The market is driven by sectors like life sciences and food and beverage testing labs, with a notable emphasis on technological advancements and service expansions. This data indicates a positive trajectory for the industry, with key regions and segments poised for continued expansion in the coming years.