Market Report: Lab Consumables for M&A, Expansion, and Competitive Assessment (2025

The market for lab consumables has undergone significant growth in recent years due to various factors, such as the increasing demand for personalized medicine, the rising use of genomics and proteomics, the expansion of clinical diagnostic testing, and the growing investments in life sciences research. It is estimated that the market size, which was $13.14 billion in 2024, will grow to $14.01 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.

Looking ahead, the lab consumables market is expected to maintain its growth trajectory, with a projected size of $17.97 billion by 2029 and a CAGR of 6.4%. This upward trend can be attributed to the heightened focus on precision medicine, the growing demand for high-throughput screening, increased investment in drug discovery and development, the adoption of automation in laboratories, and the rise in government funding for research activities. Several trends are influencing this growth, including advancements in lab-on-a-chip technologies, the development of durable consumable materials, innovation in sustainable and eco-friendly consumables, the integration of digital technologies into lab workflows, and the innovation in 3D-printed lab consumables.

Chronic diseases play a crucial role in driving the growth of the lab consumables market globally. Chronic diseases, which require ongoing medical management due to their long-lasting nature, are on the rise worldwide. Factors such as aging populations and lifestyle choices contribute to the prevalence of chronic diseases. Lab consumables help manage chronic diseases by facilitating accurate diagnostic testing, continuous monitoring, and timely treatment adjustments. For example, in June 2024, the Australian Institute of Health and Welfare reported that 61% of Australians were living with at least one chronic health condition, indicating a significant demand for lab consumables.

Key players in the lab consumables market include A&T Corporation, Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, and Siemens Healthineers AG, among others. These companies are at the forefront of driving innovation and development in the market. Additionally, many companies in the lab consumables sector are focusing on creating sustainable products using recycled materials to reduce their environmental impact. An example is Eppendorf, which began using ‘Post Consumer Recyclate’ (PCR) polypropylene in 2024. This initiative helps conserve fossil fuel resources and reduce CO2 emissions while maintaining the quality and sterility of the product.

The lab consumables market can be segmented by type, product type, application, and end-user. Types of lab consumables include reagents and kits, cell imaging consumables, and general lab supplies, while product types range from pipettes and tips to lab gloves and labels. The market serves various applications, such as clinical diagnostics, industrial manufacturing, life science research, environmental testing, forensic analysis, and materials analysis. End-users of lab consumables include academic and research institutes, clinical laboratories, government and forensic laboratories, and other end-users. The market is further divided into subsegments, encompassing specific products such as PCR reagents, imaging plates, and culture flasks.