Laboratory Equipment Market Size | Insights, Trends & Growth Analysis 2025

Code: MTA10012 Publication Date: Oct 2025

What is the size of the Laboratory Equipment Market?

According to 6Wresearch internal database and industry insights, the Global Laboratory Equipment Market was valued at USD 52 Billion in 2024 and is expected to reach USD 80 Billion by 2031, growing at a compound annual growth rate of 6.30% during the forecast period (2025-2031).

The market growth is driven by increasing demand for advanced laboratory equipment, rising research activities, and the growing need for automation in laboratories across various industries, including healthcare, pharmaceuticals, and biotechnology.

Key Growth Drivers of the Laboratory Equipment Market

  • The increasing demand for automated laboratory systems
  • The rising investments in research and development by pharmaceutical and biotechnology companies
  • The growing need for quality control and standardization in laboratory processes
  • Increasing government initiatives and funding for scientific research and healthcare
  • The demand for lab-on-a-chip and miniaturized equipment in diagnostics and drug development

Laboratory Equipment Market Trends

The Laboratory Equipment Market is growing with increasing adoption of automated systems for streamlining laboratory workflows and reducing human error. There is a growing interest in precision instruments, which make experiments more accurate and help scientific research move forward. More lab equipment is using artificial intelligence and machine learning to analyze data and plan for maintenance. There is also a trend toward lab equipment that is smaller and more modular, making it easier to use in different types of labs. Another big trend is using lab equipment that is good for the environment and uses less energy and creates less waste. This fits with the goals of many fields that want to be more sustainable.

Emerging Developments in the Laboratory Equipment Market

The Laboratory Equipment Market is evolving with innovations in smart lab equipment that enable real-time data collection and monitoring. The integration of robotics and AI is making it possible to create automated systems that can do complicated experiments with little help from people. There is also a clear trend toward smaller lab equipment, which is easier to move around and more useful, especially in diagnostic labs. Researchers are working on lab-on-a-chip solutions that cut down on the time and money needed for testing by a lot. Also, the demand for cutting-edge lab equipment is rising due to more money is being put into next-generation sequencing and biotechnology innovations.

List of Leading Companies in the Laboratory Equipment Market

Some of the leading companies include:

  • Thermo Fisher Scientific
  • Agilent Technologies
  • PerkinElmer
  • Horiba Ltd.
  • Danaher Corporation
  • Eppendorf AG
  • Shimadzu Corporation

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