NEW YORK, Nov. 22, 2023 /PRNewswire/ — The laboratory supply wholesaling market size is expected to grow by USD 14.76 billion from 2022 to 2027. In addition momentum of the market will progress at a CAGR of 4.15% during the forecast period, according to Technavio Research. The market has been segmented by end-user (pharmaceutical and biotechnology companies, clinical and diagnostic laboratories, healthcare, academic and research institutions, and others), product (equipment and instruments, chemical and reagents, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)).
North America is estimated to contribute 42% to the growth of the global market during the forecast period. The North American market is dominated by the US and Canada because these countries have several laboratories, academic institutions, and well-established healthcare industries. Furthermore, the number of new products, such as drugs, vaccines, and medical disposables is rising owing to the noteworthy growth of the US biopharmaceutical and medical device industries.
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Company Profile:
Alibaba Group Holding Ltd., Astflick Group Ltd., CellPath Ltd., Chargen Life Sciences LLP, Cole Parmer Instrument Co. LLC, Dominique Dutscher SAS, Focus Technology Co. Ltd., LAT Labor und Analyse Technik GmbH, McKesson Corp., Mediq, MG Scientific Inc., Ningbo Scientz Biotechnology Co. Ltd., Nobuson, OxyMed Healthcare Laboratories and Scientific Supplies, Rogo S.L.
Alibaba Group Holding Ltd. – The company offers laboratory supplies wholesaling equipment such as PPE kits, rapid tests, and environmental soil tester kits to hospitals and pharmacies.
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Laboratory Supply Wholesaling Market: Segmentation Analysis
The pharmaceutical and biotech companies segment will be significant during the forecast period. Pharmaceutical companies make significant investments in drug development and allocate a huge part of their profit toward research.
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“Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021”- Technavio
Laboratory Supply Wholesaling Market: Driver & Trend:
Key Drivers-
- The increasing investments in drug discovery
- High prevalence of infectious diseases
- Increasing demand for contract research organizations
The increasing investments in drug discovery is the key factor driving market growth. Due to the rising occurrence of chronic diseases and the growing demand for personalized medicine, pharmaceutical and biotechnology companies are increasing their R&D investments to discover new drugs.
Increasing incorporation of digital technologies by vendors is an emerging trend shaping the market growth. Identify key trends, drivers, and challenges in the market. Download a sample to gain access to this information.
Related Reports:
The Laboratory Centrifuge Market is estimated to grow by USD 360.98 million at a CAGR of 3.9% between 2022 and 2027.
The Laboratory Filtration Market is estimated to grow by USD 1.73 billion at a CAGR of 8.18% between 2023 and 2028.
What are the key data covered in this laboratory supply wholesaling market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the laboratory supply wholesaling market between 2022 and 2027.
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of laboratory supply wholesaling market companies.
ToC:
Excustive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
