Gitnux/Report 2026

Laboratory Equipment Industry Statistics

In 2022, North America owned 38.5% of the laboratory equipment market and analysts tagged analytical instruments at over 42% of total revenue, but the real intrigue is how Asia Pacific is set to accelerate fastest with a 7.1% CAGR through 2030. Track the shifting balance of power across key players like Thermo Fisher, Danaher, and Agilent alongside the demand lift from pharma R and D, automation up 18.4% YoY, and AI adoption rising 30% in analytical instruments.
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July 9, 2026Updated
Laboratory Equipment Industry Statistics
Aisha OkonkwoWritten by Aisha Okonkwo·Edited by Marcus Engström·Fact-checked by Peter Sandoval
Published ·Updated
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In 2022, the global laboratory equipment market reached USD 45.6 billion and is on track to hit USD 72.4 billion by 2030, with a 5.9% CAGR. Even more telling, North America alone captured a 38.5% revenue share, while the analytical instruments segment held over 42% of total market revenue and is accelerating with automation and AI adoption. Let’s connect how these shifts reshaped leading shares like Thermo Fisher’s 22.5% market position and Waters’ 9.7% in chromatography.

Key Takeaways

  • Thermo Fisher Scientific held 22.5% market share in global laboratory equipment in 2022.
  • Danaher Corporation captured 18.3% revenue share in lab equipment market 2022.
  • Agilent Technologies accounted for 12.1% of analytical instruments segment in 2022.
  • The global laboratory equipment market size was valued at USD 45.6 billion in 2022 and is projected to reach USD 72.4 billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030.
  • North America dominated the laboratory equipment market with a revenue share of 38.5% in 2022 due to high R&D investments.
  • The analytical instruments segment accounted for over 42% of the laboratory equipment market revenue in 2022.
  • Analytical instruments segment held 42.3% revenue share in laboratory equipment market 2022.
  • Life science equipment accounted for 28.6% of total lab equipment market 2022.
  • Centrifuges sub-segment 15.2% share within analytical instruments 2022.
  • North America laboratory equipment market share was 38.5% of global in 2022.
  • U.S. accounted for 65% of North American lab equipment market revenue in 2022.
  • Europe held 30.2% global share in laboratory equipment sales 2022.
  • Increasing R&D investments in pharma drove 25% of lab equipment demand growth 2022.
  • Adoption of automation in labs increased 18.4% YoY in 2022.
  • Rise of point-of-care testing boosted portable lab equipment by 22% 2022.

In 2022, global lab equipment grew to USD 45.6 billion as analytics led, led by major firms and rising automation and AI.

Related reading

01 · Category

Key Players And Market Share18 stats

01
Thermo Fisher Scientific held 22.5% market share in global laboratory equipment in 2022.
02
Danaher Corporation captured 18.3% revenue share in lab equipment market 2022.
03
Agilent Technologies accounted for 12.1% of analytical instruments segment in 2022.
04
Waters Corporation had 9.7% share in chromatography equipment market 2022.
05
Bruker Corporation's lab equipment revenue reached USD 2.5 billion in 2022, 11.4% market share in spectrometers.
06
PerkinElmer Inc. held 8.2% global share in life science instruments 2022.
07
Eppendorf AG dominated centrifuges with 15.6% market share in 2022.
08
Becton Dickinson & Co. 10.8% share in lab incubators market 2022.
09
Thermo Fisher’s centrifuges division generated USD 450 million revenue 2022, 20% share.
10
Merck KGaA held 7.9% in laboratory freezers and refrigerators 2022.
11
Shimadzu Corp. 14.2% market share in lab balances 2022.
12
Mettler-Toledo International 16.5% share in analytical balances segment 2022.
13
Olympus Corporation 13.1% in microscopes market share 2022.
14
Zeiss Group held 11.8% global microscopes revenue share 2022.
15
Sartorius AG 9.4% in lab filtration equipment 2022.
16
Bio-Rad Laboratories 8.7% share in electrophoresis systems 2022.
17
Hitachi High-Tech 12.3% in electron microscopes 2022.
18
Illumina Inc. 17.2% in next-gen sequencing equipment 2022.
Interpretation

Key Players And Market Share Interpretation

In 2022, the laboratory equipment market showed strong concentration among a handful of leading firms, with Thermo Fisher Scientific leading at 22.5% global share and Danaher close behind at 18.3%, while other top players like Agilent at 12.1% and Waters at 9.7% reinforced that market share remains fragmented by segment even as it is dominated overall.

02 · Category

Market Size And Growth20 stats

01
The global laboratory equipment market size was valued at USD 45.6 billion in 2022 and is projected to reach USD 72.4 billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030.
02
North America dominated the laboratory equipment market with a revenue share of 38.5% in 2022 due to high R&D investments.
03
The analytical instruments segment accounted for over 42% of the laboratory equipment market revenue in 2022.
04
Laboratory equipment market in Asia Pacific is expected to grow at the highest CAGR of 7.1% from 2023 to 2030 owing to expanding biotech sector.
05
The global lab centrifuges market was valued at USD 2.1 billion in 2022 and anticipated to expand at a CAGR of 5.2% from 2023 to 2030.
06
U.S. laboratory equipment market revenue reached USD 15.2 billion in 2022, driven by pharmaceutical R&D.
07
Europe laboratory equipment market is projected to grow from USD 12.8 billion in 2022 to USD 19.5 billion by 2030 at CAGR 5.4%.
08
The life science instruments segment held 35.2% market share in laboratory equipment in 2022 globally.
09
Global laboratory incubators market size was USD 1.2 billion in 2022, expected CAGR 6.8% to 2030.
10
Laboratory freezers market valued at USD 1.8 billion in 2022, growing at 5.5% CAGR through 2030.
11
The overall laboratory equipment market CAGR was 6.2% from 2018-2022 globally.
12
China laboratory equipment market to reach USD 8.5 billion by 2028 at 8.3% CAGR.
13
Spectrometers segment in lab equipment market grew 7.4% CAGR 2020-2023.
14
Global lab balances and scales market USD 1.1 billion in 2023, CAGR 4.9% forecast.
15
Laboratory ovens market size USD 0.9 billion 2022, 5.7% CAGR to 2030.
16
U.S. analytical lab instruments market USD 7.8 billion 2022, 6.1% CAGR.
17
India lab equipment market projected USD 2.4 billion by 2027, 12.5% CAGR.
18
Chromatography instruments market USD 8.5 billion 2022, 6.8% CAGR to 2030.
19
Microscopes lab equipment segment USD 6.2 billion 2022, 5.3% CAGR.
20
Lab water purifiers market USD 0.7 billion 2022, 7.2% CAGR forecast.
Interpretation

Market Size And Growth Interpretation

The laboratory equipment market is set to grow from USD 45.6 billion in 2022 to USD 72.4 billion by 2030, with Asia Pacific leading the expansion at a 7.1% CAGR and the largest share in 2022 going to analytical instruments with over 42% revenue.

03 · Category

Product Segments20 stats

01
Analytical instruments segment held 42.3% revenue share in laboratory equipment market 2022.
02
Life science equipment accounted for 28.6% of total lab equipment market 2022.
03
Centrifuges sub-segment 15.2% share within analytical instruments 2022.
04
Spectrometers generated USD 7.2 billion in 2022, 25% of analytical.
05
Microscopes segment USD 6.4 billion revenue 2022 globally.
06
Chromatography systems 22.1% share in separation equipment 2022.
07
PCR instruments USD 3.1 billion in life science segment 2022.
08
Laboratory incubators 12.4% of general lab equipment 2022.
09
Freezers and refrigerators USD 2.0 billion, 18% of storage equipment 2022.
10
Balances and scales 14.7% share in measuring instruments 2022.
11
Ovens and furnaces USD 1.0 billion revenue 2022 in thermal equipment.
12
Autoclaves 11.5% of sterilization equipment market 2022.
13
Flow cytometers USD 4.2 billion in 2022 cell analysis segment.
14
Electron microscopes 8.9% of total microscopes market 2022.
15
Water baths 9.2% share in temperature control equipment 2022.
16
Electrophoresis systems USD 1.8 billion 2022 in biomolecule analysis.
17
Pipettes and liquid handlers 16.3% of consumables-adjacent equipment 2022.
18
Shakers and mixers USD 0.8 billion in mixing equipment 2022.
19
Fume hoods 13.6% of safety equipment market share 2022.
20
Biosafety cabinets USD 1.1 billion 2022 in containment systems.
Interpretation

Product Segments Interpretation

In the product segments of the laboratory equipment market, analytical instruments dominated with 42.3% revenue share in 2022, and their momentum was driven by spectrometers that reached USD 7.2 billion, representing 25% of analytical revenue.

More related reading

04 · Category

Regional Analysis20 stats

01
North America laboratory equipment market share was 38.5% of global in 2022.
02
U.S. accounted for 65% of North American lab equipment market revenue in 2022.
03
Europe held 30.2% global share in laboratory equipment sales 2022.
04
Germany represented 28% of European lab equipment market in 2022.
05
Asia Pacific lab equipment market grew 8.1% YoY in 2022.
06
China held 45% of Asia Pacific laboratory equipment market share 2022.
07
Japan laboratory equipment imports valued USD 2.3 billion in 2022.
08
Latin America lab equipment market CAGR 6.5% 2023-2030 forecast.
09
Brazil 40% share of South American lab equipment market 2022.
10
Middle East & Africa lab equipment market USD 1.8 billion 2022, CAGR 7.2%.
11
U.K. lab equipment market USD 2.1 billion 2022, 5.3% CAGR.
12
India imported 55% of its lab equipment needs in 2022 valued USD 1.2 billion.
13
South Korea lab equipment R&D spend 12% of revenue in 2022 regionally.
14
Australia laboratory equipment market USD 0.9 billion 2022, growth 4.8%.
15
Canada held 20% North American lab equipment market excluding U.S. 2022.
16
France lab equipment exports USD 1.5 billion in 2022.
17
Mexico lab equipment market CAGR 7.8% 2023-2030 due to pharma growth.
18
Singapore 15% share in Southeast Asia lab equipment hub 2022.
19
Saudi Arabia lab equipment investments USD 500 million in 2022.
20
Russia lab equipment market declined 2.1% in 2022 due to sanctions.
Interpretation

Regional Analysis Interpretation

In the Regional Analysis for 2022, North America led with 38.5% of the global lab equipment market, while Europe contributed 30.2% and Asia Pacific grew 8.1% year over year, showing a clear concentration in developed regions alongside faster expansion in Asia where China held 45% of the regional share.
report visual · Breakdown

Global Laboratory Equipment Market: Regional Revenue Share & Segment Concentration (2022)

North America led the market by revenue share, while analytical instruments dominated the segment mix in 2022.

35.2%
The life science instruments segment held 35.2% market share in laboratory equipment in 2022 globally.
65%
U.S. accounted for 65% of North American lab equipment market revenue in 2022.
Reference

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APA
Aisha Okonkwo. (2026, February 13). Laboratory Equipment Industry Statistics. Gitnux. https://gitnux.org/laboratory-equipment-industry-statistics
MLA
Aisha Okonkwo. "Laboratory Equipment Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/laboratory-equipment-industry-statistics.
Chicago
Aisha Okonkwo. 2026. "Laboratory Equipment Industry Statistics." Gitnux. https://gitnux.org/laboratory-equipment-industry-statistics.

Sources & references

6 datasets cited across this report

grandviewresearch.commarketsandmarkets.comibisworld.comfortunebusinessinsights.comstatista.comresearchandmarkets.com