| Product Code: ETC5074506 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus continues to see a steady increase in laboratory equipment import shipments, with top exporters being Italy, Germany, India, Greece, and Spain. The Herfindahl-Hirschman Index (HHI) indicates moderate concentration, fostering competition among exporters. The compound annual growth rate (CAGR) from 2020 to 2024 stands at a healthy 8.48%, highlighting a growing demand for laboratory equipment in Cyprus. Moreover, the impressive growth rate of 37.65% from 2023 to 2024 suggests a promising outlook for the market, attracting attention from various exporting countries.

By 2027, Cyprus's Laboratory Equipment market is forecasted to achieve a stable growth rate of 1.51%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

The laboratory equipment market in Cyprus encompasses a wide range of devices and instruments essential for scientific research and industrial applications. This market includes everything from microscopes and spectrometers to incubators and autoclaves. As research and development activities expand across various sectors, including healthcare, pharmaceuticals, and environmental science, the demand for advanced laboratory equipment is growing, driving innovation and technological advancements in the field.
The laboratory equipment market in Cyprus is driven by the increasing demand for sophisticated instruments in research, healthcare, and industrial laboratories. As scientific research and innovation accelerate, there is a growing need for advanced lab equipment to support complex experiments and processes. The expansion of the healthcare and pharmaceutical sectors, along with the rise in academic research institutions, is significantly contributing to market growth.
In the laboratory equipment market, challenges include the need for continuous innovation and technological advancements. As laboratory practices evolve, companies must invest in research and development to create cutting-edge solutions that meet user needs. Additionally, competition from established manufacturers can complicate market positioning.
The Laboratory Equipment Market is influenced by government investments in research and education. Policies aimed at enhancing scientific research capabilities and promoting technological innovation drive demand for laboratory equipment. Regulatory measures ensuring the quality and safety of laboratory tools further support market growth.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Laboratory Equipment Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Laboratory Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Laboratory Equipment Market - Industry Life Cycle |
3.4 Cyprus Laboratory Equipment Market - Porter's Five Forces |
3.5 Cyprus Laboratory Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cyprus Laboratory Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cyprus Laboratory Equipment Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Cyprus Laboratory Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Laboratory Equipment Market Trends |
6 Cyprus Laboratory Equipment Market Segmentations |
6.1 Cyprus Laboratory Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Laboratory Equipment Market Revenues & Volume, By Autoclaves, 2021-2031F |
6.1.3 Cyprus Laboratory Equipment Market Revenues & Volume, By Incubators, 2021-2031F |
6.1.4 Cyprus Laboratory Equipment Market Revenues & Volume, By Centrifuges, 2021-2031F |
6.1.5 Cyprus Laboratory Equipment Market Revenues & Volume, By Spectrometers, 2021-2031F |
6.1.6 Cyprus Laboratory Equipment Market Revenues & Volume, By Sonicators, 2021-2031F |
6.1.7 Cyprus Laboratory Equipment Market Revenues & Volume, By Scopes, 2021-2031F |
6.2 Cyprus Laboratory Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Laboratory Equipment Market Revenues & Volume, By Genetic Testing, 2021-2031F |
6.2.3 Cyprus Laboratory Equipment Market Revenues & Volume, By Endocrinology, 2021-2031F |
6.2.4 Cyprus Laboratory Equipment Market Revenues & Volume, By Hematology, 2021-2031F |
6.2.5 Cyprus Laboratory Equipment Market Revenues & Volume, By Microbiology, 2021-2031F |
6.2.6 Cyprus Laboratory Equipment Market Revenues & Volume, By Biochemistry, 2021-2031F |
6.2.7 Cyprus Laboratory Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cyprus Laboratory Equipment Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Laboratory Equipment Market Revenues & Volume, By Diagnostic Laboratories, 2021-2031F |
6.3.3 Cyprus Laboratory Equipment Market Revenues & Volume, By Hospitals and Clinics, 2021-2031F |
6.3.4 Cyprus Laboratory Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Laboratory Equipment Market Import-Export Trade Statistics |
7.1 Cyprus Laboratory Equipment Market Export to Major Countries |
7.2 Cyprus Laboratory Equipment Market Imports from Major Countries |
8 Cyprus Laboratory Equipment Market Key Performance Indicators |
9 Cyprus Laboratory Equipment Market - Opportunity Assessment |
9.1 Cyprus Laboratory Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cyprus Laboratory Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cyprus Laboratory Equipment Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Cyprus Laboratory Equipment Market - Competitive Landscape |
10.1 Cyprus Laboratory Equipment Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Laboratory Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |