Laboratory Accessories Market - Size, Share,Outlook, and
Opportunity Analysis, 2018 – 2026
Laboratory (lab) accessories refer to the tools used for conducting scientific research or
experiments, and may also be used for teaching practical science. Lab accessories play a very
crucial role in laboratories to provide reliable, accurate, and expeditious outcomes. Lab
accessories are portable and are used in hospitals, clinics, diagnostic centers, and pathological
centers among others. Laboratory accessories include laboratory instruments, glassware,
consumables, and other accessories.
In 2014, National Science Foundation’s (NSF) annual Business Research and Development and
Innovation Survey (BRDIS) data tracked the research activities of 46,000 companies. According
to their survey, the drug companies have increased their investment on research & development
from US$ 3 billion in 2008 to US$ 8.1 billion in 2014. NSF also stated that there is slow,
however, steady rise in spending of basic research by universities and private foundations.
These factors are expected to boost the global laboratory accessories market growth over the
forecast period.
Global Laboratory Accessories Market Drivers:-
Continuous laboratory product launches due to increasing demand for laboratory accessories is
expected to support the global laboratory accessories market growth over the forecast period.
There is a constant increase in demand for laboratory accessories, due to growing competition
in pharmaceutical and diagnostic industries (as lab accessories are basic requirements to run a
laboratory). In order to meet the ever growing demand for lab accessories, manufacturers have
to keep on introducing newer products with advanced technology to support the lab
automation.
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For instance, along with conventional lab accessories, products such as microplates and modular
lab tables are also gaining popularity. Technological advancement aimed at improving utility