Laboratory Accessories Market Worth $504.7 Million by 2020

DALLAS, March 10, 2015 /PRNewswire/ --

According to a new market research report "Lab Accessories Market by Type (Label Printer/ Pipette tips/ Pumps/Microplate/Reagent Reservoir/Valve/Tubing/Wash Station) & End User (OEM/Biotechnology & Pharmaceutical Companies/Hospital/Private Labs/Research Institute) - Global Forecast to 2020", the global Laboratory Accessories Market is expected to reach $504.7 Million by 2020 from $327.0 Million in 2014, at a CAGR of 7.5% from 2014 to 2020.

Browse 74 market data tables and 24 figures spread through 180 pages and in-depth TOC on "Laboratory Accessories Market"

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The wash stations and the syringes and syringe pumps segments are expected to account for the largest shares of the market by 2020, accounting for CAGRs of 6.2% and 9.7%, respectively. However, the reagent reservoirs segment is the fastest-growing segment of the Laboratory Accessories Market, with an estimated CAGR of 12.8% during the forecast period of 2014 to 2020.

On the basis of end users, the Laboratory Accessories Market is segmented into original equipment manufacturers (OEMs), biotechnology and pharmaceutical companies, hospital and private laboratories, academic institutes, and research institutes. Based on regions, the market is categorized into North America, Europe, Asia, and the Rest of the World.

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The demand for laboratory accessories in the near future is set to rise due to the increasing trend of hospitals and research institutes resorting to automate their testing laboratories. The driving factors that are expected to boost the growth of the market are greater productivity and reduction in costs, improved personal safety, rising adoption of laboratory automation systems in drug discovery and clinical diagnostics, large-scale disease outbreaks, availability of funding for research, and higher reproducibility and accuracy in laboratory automation.

The major players in the Laboratory Accessories Market include Roche Holding AG (Switzerland), Abbott Laboratories, Inc. (U.S.), Tecan Group Ltd. (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Beckton, Dickinson and Company (U.S.), Greiner Bio-One GmbH (Austria), Bio-Rad Laboratories, Inc. (U.S.) Hamilton Company (U.S.), Analytik Jena AG (Germany), Brooks Automation, Inc. (U.S.), and Corning Incorporated (U.S.).

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