Global Laboratory Equipment Market Size, Share & Trends Analysis Report, By Product (General, Analytical, Clinical, Support, Specialty), By Contract Type (Customized Service Contract, Standard Service Contract), By End-user (Research Institutions, Healthcare, Veterinary), By Region, And Segment Forecasts, Till – 2030 
 

Market Overview 
According to Intellistic Research, the global Laboratory Equipment market estimated at USD 27 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 7.31% from 2023 to 2030. Key players in the Laboratory Equipment market employ various strategies to maintain and enhance their market presence. These strategies help key players capture a significant market share and remain competitive in the dynamic Laboratory Equipment market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated includes proficient analysis, predictive analysis, prescriptive analysis, cumulative analysis, and value chain analysis. 

LABORATORY EQUIPMENT MARKET DYNAMICS: KEY DRIVERS & RESTRAINTS 
Increase In The Requirement of Laboratory Equipment Driving The Market Growth 
The growing requirement of laboratory equipment in healthcare industry is directly proportional to laboratory equipment services' growth. Therefore, the rising need of laboratory equipment for the effective and timely diagnosis of diseases drives the growth for this market. Additionally, the increased prevalence of minute and chronic diseases across the world, which might require laboratory equipment, is projected to accelerate the market's overall growth. 
Furthermore, the rapid growth in healthcare, pharmaceutical, and biotechnology industries along with the expanding medical care sector are also expected to fuel market growth. Moreover, the growing demand for effective diagnosis of diseases will further expand the future growth of the laboratory equipment market. 
High-Cost of Technology Restraint The Market Growth 
The high cost of technology is projected to obstruct the market growth. With the integration of cutting-edge technology to boost the efficiency and productivity, laboratory equipment are more expensive. The industry's main obstacle is the move away from laboratory-based diagnosis and toward point-of-care diagnostics. Also, there is inadequate laboratory infrastructure that exists in emerging and developing countries. 
Furthermore, the increasing shift towards home based testing will challenge the laboratory equipment market in the forecast period. The scope of innovation is expected to be less and the market is highly diversified in nature, which poses challenges for growth. 
How are Segments Performing in the Global Laboratory Equipment Market? 
Laboratory Equipment Product Segment Breakdown 
According to Intellistic Research, the Laboratory Equipment market by Product is segmented into General, Analytical, Clinical, Support, Specialty 
 

Laboratory Equipment Contract Type Segment Breakdown 

According to Intellistic Research, based on Contract Type the market is bifurcated into Customized Service Contract, Standard Service Contract 

Laboratory Equipment End-use Segment Breakdown 
According to Intellistic Research, based on End-use the market is segmented into Research Institutions, Healthcare, Veterinary 

Laboratory Equipment Geographic Exploration 
According to Intellistic Research, the North America region is predicted to dominate the market, owing to robust healthcare infrastructure, advanced diagnostic capabilities, presence of top biotech & pharmaceutical companies, and high research & development activities in the region. Further, the regulatory environment in the North America, including stringent quality standards & regulations for diagnostic testing, drives the adoption of high-quality lab equipment in the region. 
Other regions competing in the market are Asia Pacific, Europe, Middle East and Africa, and Latin America respectively. 

COMPETITIVE LANDSCAPE & RECENT DEVELOPMENT: LABORATORY EQUIPMENT 
The competitive landscape of the market is moderately consolidated. The significant players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. 
• For instance, in March 2022, Precisa Gravimetrics AG, under the Dynamica brand launched their Halo line of very advanced UV-VIS spectrophotometers, model number GB 30. 

Noticeable Players Functioning in The Global Laboratory Equipment Market Include: 
• EarlySign 
• Cancer Center.ai 
• Microsoft 
• Flatiron 
• Path AI 
• Therapixel 
• Tempus 
• Paige AI, Inc. 
• Kheiron Medical Technologies Limited 
• SkinVision 

KEY BREAKDOWN: LABORATORY EQUIPMENT MARKET 
By Product: 
• General 
• Analytical 
• Clinical 
• Support 
• Specialty 

By Contract Type: 
• Customized Service Contract 
• Standard Service Contract 

By End-Use: 
• Research Institutions 
• Healthcare 
• Veterinary 

Geographical Exploration: 
• North America 
o The USA 
o Canada 
o Mexico 
• Europe 
o Germany 
o France 
o U.K. 
o Russia 
o Italy 
o Spain 
o Rest of Europe 
• Asia Pacific 
o China 
o Japan 
o India 
o South Korea 
o Australia 
o New Zealand 
o Singapore 
o Malaysia 
o Rest of Asia 
• Latin America 
o Brazil 
o Argentina 
o Colombia 
o Peru 
o Chile 
o Venezuela 
o Rest of Latin America 
• Middle East and Africa 
o Saudi Arabia 
o UAE 
o Egypt 
o Kuwait 
o South Africa 
o Rest of Middle East & Africa

Global Laboratory Equipment Market TOC:

1. Research Methodology 
1.1. Global Laboratory Equipment Market Snapshot, 2023 and 2030 
1.2. Data Mining 
1.3. Validation 
1.4. Primary Interviews 
1.5. List of Data Sources 
1.6. Future Market Projections 
1.7. Industry Developments and Key Market Events 
2. Executive Summary 
3. Market Overview 
3.1. Market Scope and Definition 
3.2. Market Dynamics 
3.2.1. Drivers 
3.2.2. Restraints 
3.2.3. Opportunity 
3.2.4. Challenges 
3.2.5. Cumulative Impact due to Recent Energy Crisis 
3.2.6. Cumulative Impact due to Nearing Economic Downturn 
3.2.7. Post Covid-19 World Supply & Demand Conditions 
3.2.8. Cumulative Impact of Russia-Ukraine Conflict 
3.2.9. Key Trends 
3.3. Laboratory Equipment Market: Value Chain 
3.3.1. List of Raw Material Supplier 
3.3.2. List of Manufacturers 
3.3.3. List of Application 
3.4. Porter Five Force’s Analysis 
3.5. Regulatory and Technology Landscape 
4. Global Laboratory Equipment Market Outlook: Forecast (2023 – 2030) 
4.1. Key Highlights 
4.1.1. Market Size and Y-o-Y Growth 
4.1.2. Absolute $ Opportunity 
4.2. Market Size (US$ Mn) Analysis and Forecast 
4.2.1. Current Market Size Forecast, 2023–2030 
4.3. Global Laboratory Equipment Market Outlook: Product 
4.3.1. Introduction / Key Findings 
4.3.2. Market Size (US$ Mn) and Forecast Product, 2023 – 2030 
4.3.2.1. General 
4.3.2.2. Analytical 
4.3.2.3. Clinical 
4.3.2.4. Support 
4.3.2.5. Specialty 
4.4. Global Laboratory Equipment Market Outlook: Contract Type 
4.4.1. Introduction / Key Findings 
4.4.2. Market Size (US$ Mn) and Forecast By Contract Type, 2023 – 2030 
4.4.2.1. Customized Service Contract 
4.4.2.2. Standard Service Contract 
4.5. Global Laboratory Equipment Market Outlook: End User 
4.5.1. Introduction / Key Findings 
4.5.2. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030 
4.5.2.1. Research Institutions 
4.5.2.2. Healthcare 
4.5.2.3. Veterinary 
5. Global Laboratory Equipment Market Outlook: Region 
5.1. Key Highlights 
5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030 
5.2.1. North America 
5.2.2. Europe 
5.2.3. Asia Pacific 
5.2.4. Latin America 
5.2.5. Middle East & Africa (MEA) 
6. North America Laboratory Equipment Market Outlook: Forecast (2023 – 2030) 
6.1. Key Highlights 
6.2. Pricing Analysis 
6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022 
6.3.1. By Country 
6.3.2. By Product 
6.3.3. By Contract Type 
6.3.4. By End User 
6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030 
6.4.1. U.S. 
6.4.2. Canada 
6.4.3. Mexico 
6.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030 
6.5.1. General 
6.5.2. Analytical 
6.5.3. Clinical 
6.5.4. Support 
6.5.5. Specialty 
6.6. Market Size (US$ Mn) and Forecast By Contract Type, 2023 – 2030 
6.6.1. Customized Service Contract 
6.6.2. Standard Service Contract 
6.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030 
6.7.1. Research Institutions 
6.7.2. Healthcare 
6.7.3. Veterinary 
7. Europe Laboratory Equipment Market Outlook: Forecast (2023 – 2030) 
7.1. Key Highlights 
7.2. Pricing Analysis 
7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030 
7.3.1. By Country 
7.3.2. By Product 
7.3.3. By Contract Type 
7.3.4. By End User 
7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030 
7.4.1. Germany 
7.4.2. France 
7.4.3. U.K. 
7.4.4. Russia 
7.4.5. Italy 
7.4.6. Spain 
7.4.7. Rest of Europe 
7.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030 
7.5.1. General 
7.5.2. Analytical 
7.5.3. Clinical 
7.5.4. Support 
7.5.5. Specialty 
7.6. Market Size (US$ Mn) and Forecast By Contract Type, 2023 – 2030 
7.6.1. Customized Service Contract 
7.6.2. Standard Service Contract 
7.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030 
7.7.1. Research Institutions 
7.7.2. Healthcare 
7.7.3. Veterinary 
8. Asia Pacific Laboratory Equipment Market Outlook: Forecast (2023 – 2030) 
8.1. Key Highlights 
8.2. Pricing Analysis 
8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030 
8.3.1. By Country 
8.3.2. By Product 
8.3.3. By Contract Type 
8.3.4. By End User 
8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030 
8.4.1. China 
8.4.2. Japan 
8.4.3. India 
8.4.4. South Korea 
8.4.5. Australia 
8.4.6. New Zealand 
8.4.7. Singapore 
8.4.8. Malaysia 
8.4.9. Rest of Asia 
8.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030 
8.5.1. General 
8.5.2. Analytical 
8.5.3. Clinical 
8.5.4. Support 
8.5.5. Specialty 
8.6. Market Size (US$ Mn) and Forecast By Contract Type, 2023 – 2030 
8.6.1. Customized Service Contract 
8.6.2. Standard Service Contract 
8.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030 
8.7.1. Research Institutions 
8.7.2. Healthcare 
8.7.3. Veterinary 
9. Latin America Laboratory Equipment Market Outlook: Forecast (2023 – 2030) 
9.1. Key Highlights 
9.2. Pricing Analysis 
9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030 
9.3.1. By Country 
9.3.2. By Product 
9.3.3. By Contract Type 
9.3.4. By End User 
9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030 
9.4.1. Brazil 
9.4.2. Argentina 
9.4.3. Colombia 
9.4.4. Peru 
9.4.5. Chile 
9.4.6. Venezuela 
9.4.7. Rest of Latin America 
9.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030 
9.5.1. General 
9.5.2. Analytical 
9.5.3. Clinical 
9.5.4. Support 
9.5.5. Specialty 
9.6. Market Size (US$ Mn) and Forecast By Contract Type, 2023 – 2030 
9.6.1. Customized Service Contract 
9.6.2. Standard Service Contract 
9.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030 
9.7.1. Research Institutions 
9.7.2. Healthcare 
9.7.3. Veterinary 
10. Middle East & Africa Laboratory Equipment Market Outlook: Forecast (2023 – 2030) 
10.1. Key Highlights 
10.2. Pricing Analysis 
10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030 
10.3.1. By Country 
10.3.2. By Product 
10.3.3. By Contract Type 
10.3.4. By End User 
10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030 
10.4.1. Saudi Arabia 
10.4.2. UAE 
10.4.3. Egypt 
10.4.4. Kuwait 
10.4.5. South Africa 
10.4.6. Rest of Middle East & Africa 
10.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030 
10.5.1. General 
10.5.2. Analytical 
10.5.3. Clinical 
10.5.4. Support 
10.5.5. Specialty 
10.6. Market Size (US$ Mn) and Forecast By Contract Type, 2023 – 2030 
10.6.1. Customized Service Contract 
10.6.2. Standard Service Contract 
10.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030 
10.7.1. Research Institutions 
10.7.2. Healthcare 
10.7.3. Veterinary 
11. Competition Analysis 
11.1. Market Share Analysis Of Top Vendors 
11.2. Market Structure 
11.2.1. Competition Intensity Mapping By Market 
11.2.2. Competition Dashboard 
11.2.3. Key Development Strategies 
11.3. Company Profiles 
11.3.1. EarlySign 
11.3.1.1. Overview 
11.3.1.2. Offerings 
11.3.1.3. Business Segment & Geographic Overview 
11.3.1.4. Key Financials 
11.3.1.5. Key Market Developments 
11.3.1.6. Key Market Strategy 
11.3.2. Cancer Center.ai 
11.3.3. Microsoft 
11.3.4. Flatiron 
11.3.5. Path AI 
11.3.6. Therapixel 
11.3.7. Tempus 
11.3.8. Paige AI, Inc. 
11.3.9. Kheiron Medical Technologies Limited 
11.3.10. SkinVision