The global size of the lab equipment market is more than $58 billion and the global market size of the lab supplies is about $30.6 billion. The CAGR of the laboratory equipment industry is 2% to 3%.
The growth of the industry is expected to be strong in the future especially in emerging markets such as India and China that have contributed to the growth of the industry in the past.
The key laboratory equipment suppliers according to Beroe’s market intelligence reports are Waters, Roche Diagnostics, Thermo Fisher, Agilent Technologies, Danaher, and Shimadzu. North America holds the biggest market share of 48% in the lab equipment market and supplies market. While there are many factors that have boosted the market here are 8 drivers that are vital.
Source: https://www.entrepreneurshipsecret.com/lab-equipment-market/