The Lab Supplies Global Market Report 2023, provides comprehensive information on the lab supplies market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Lab Supplies Global Market Report 2023, the global lab supplies market size is expected to grow from $32.65 billion in 2022 to $35.28 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global lab supplies market size is expected to grow to $47.12 billion in 2027 at a CAGR of 7.5%.

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Product innovations are a key trend gaining popularity in the lab supplies market. Major companies operating in the market are introducing new and innovative products to sustain their position in the market. For instance, in October 2022, Q2 Solutions, a US-based clinical trial laboratory services organization, launched the first self-collection safety lab panel for the US clinical trial participants. The new product is based-on self-collection technology and enables participants in a clinical trial to provide blood specimens from the comfort of their homes. The clinical-grade remote sampling system enables decentralized laboratory testing without affecting sample quality. The solution comprises simple at-home self-collection kits with instructions and videos, a technique for direct-to-patient delivery, and streamlined specimen processing and shipping needs.

The lab supplies market is segmented:

1) By Product: Equipment, Disposables
2) By Application: Biochemistry, Endocrinology, Microbiology, Genetic Testing, Other Applications
3) By End Users: Academic Institutes, Clinical And Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies, Other End Users

North America was the largest region in the lab supplies market in 2022.

The table of contents in TBRC’s lab supplies market report includes:
1. Executive Summary
2. Lab Supplies Market Characteristics
3. Lab Supplies Market Trends And Strategies
4. Lab Supplies Market - Macro Economic Scenario
5. Lab Supplies Market Size And Growth
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26. Africa Lab Supplies Market
27. Lab Supplies Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Lab Supplies Market
29. Lab Supplies Market Future Outlook and Potential Analysis
30. Appendix

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