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Laboratory Glassware Market - By Product Type (Pipette, Flasks, Burettes, Beakers, Storage Containers), End-use (Research & Academic Institutes, Pharma & Biotech, Hospitals & Diagnostic Centers), Distribution Channel (Brick & Mortar), & Forecast, 2024 - 2032
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Laboratory Glassware Market
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 120
Countries covered: 23
Pages: 100
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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.
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.
Laboratory Glassware Market Trends
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.
Laboratory Glassware Market Analysis
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.
Laboratory Glassware Market Share
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.
Laboratory Glassware Market Companies
Some of the eminent market participants operating in the laboratory glassware industry include:
Laboratory Glassware Industry News:
Laboratory glassware market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Product Type
Market, By End-use
Market, By Distribution Channel
The above information is provided for the following regions and countries: