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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Pharmaceutical Lab Equipment Market - Market Insights

Pharmaceutical lab equipment are of various sizes, shapes, and styles and are used for various purposes. There are various apparatus or equipment such as Vortex mixture, dasymeter, oscilloscope, comparison microscope, Gooch crucible, incubators, sterilizers, freezers, and freeze dryers. Safety equipment used for safety purposes include, goggles, gloves, caps, and apron to protect from any accidents or hazards, which are caused by vigorous chemical reactions that directly come in contact with the skin. Pharmaceutical lab equipment also include the spatulas and scoopulas. They are used for handling drug powders and to dissect during a chemical reaction in the pharmaceutical laboratory throughout the pharmaceutical experiment. Pipettes, droppers, tongs, weighing balances, burets, and forceps are some of the other common forms of equipment that are commonly found in a pharmaceutical laboratory for experiment purposes.

The pharmaceutical lab equipment market size was valued at US$ 9,000.3 million in 2017, and is expected to exhibit a CAGR of 4.3% over the forecast period (2018 – 2026).

Figure 1. Pharmaceutical Lab Equipment Market Value (US$ Mn), by Region, 2018

Pharmaceutical Lab Equipment  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing number of research and development activities to propel the pharmaceutical lab equipment market growth

Increasing number of research and development activities in the pharmaceutical industry is expected to lead to high demand for pharmaceutical lab equipment, which in turn is expected to fuel the pharmaceutical lab equipment market growth over the forecast period. Moreover, key players in the market are focused on design and manufacturing of energy-efficient freezing and cooling systems. For instance, in March 2018, GEA introduced its new RAYPP (Pilot Plant) batch freeze dryers. The RAY PP (Pilot Plant) freeze dryer is designed for small scale industries. Its major applications include R&D drying of general food products such as food, herbs, vegetables, instant coffee, meat, seafood. It also dries very sensitive products such as enzymes, lactic acid bacteria, and lactoferrin.

Furthermore, in July 2018, PerkinElmer, Inc., a manufacturer of pharmaceutical equipment, announced the launch of FL 6500 Pulse Xenon and FL 8500 Continuous Wave Fluorescence spectrometers. The fluorescence spectrometers are available in pharmaceutical industries, contract and pharmaceutical laboratories, research and development sections, and in academics that analyses a diverse range of sample types.

Key players in the market are also focused on adopting acquisition strategies to expand their product portfolio. This in turn is expected to boost growth of the market. For instance, in March 2019, Thermo Fisher Scientific Inc. acquired Brammer Bio for US$ 1.7 billion in order to expand its presence in the field of gene therapy.

Figure 2. Pharmaceutical Lab Equipment Market Share (%), by Product Type, 2018 and 2026

Pharmaceutical Lab Equipment  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing expansion activities by key players is expected to boost the market growth in North America

Several pharmaceutical lab equipment manufacturers are expanding their presence across the globe. The pharmaceutical lab equipment manufacturers are establishing their commercial production units in North America to remain competitive and gain advantage over other competitors. For instance, in May 2017, Thermo Scientific, headquartered in the U.S., launched new high performance refrigerated incubator consisting a powerful compressor technology that provides the optimum temperature conditions. This optimal temperature is essential for applications that require the thermal stability and uniformity above, around or below the usual ambient laboratory temperature. The systems are also suitable for standard 37 °C incubation applications in warm laboratory environments. The systems are suitable for use in a range of pharmaceutical, water treatment, life science, biological research, and microbiology applications, including water testing, incubation of bacteria and yeast, hatching of insects and fish, biochemical oxygen demand (BOD) testing, and sample storage at specific temperatures.

Furthermore, in February 2019, Danaher acquired Biopharma business of GE Life Sciences for US$ 21.4 billion, thus adding biopharmaceutical research, development, and manufacturing instruments, equipment, and consumables to Danaher’s Life Science group.

Key Players

Major players operating in the pharmaceutical lab equipment market include, GE Healthcare, Agilent Technologies, Waters, Danaher, Thermo Fisher Scientific, Bruker, Eppendorf, Millipore, Shimadzu, Perkin Elmer, Brand GmbH, Pace Analytical, and Telstar.

Pharmaceutical lab equipment are found in different sizes and shapes and include microscopes, crucibles, analytical balance, burners, and others. Safety equipment used in a pharmaceutical lab for safety purposes include gloves and goggles. Pipettes, droppers, tongs, burets, forceps, and weighing balances are some of the other common forms of equipment that are generally found in a pharmaceutical laboratory for experiment purposes. These pharmaceutical laboratory equipment play a major part in the pharmaceutical laboratory research to direct complex and simple chemical formulations in order to offer results or a final outcome.  

Market Dynamics

Increasing number of research and development in the pharmaceutical industry, geographical expansion of pharmaceutical lab equipment manufacturers in North America, and increasing investment in research and development by manufacturers are some of the major factors that are expected to drive the market growth. Furthermore, increasing production of chromatography devices is also driving growth of the pharmaceutical lab equipment market. For instance, in September 2017, Shimadzu Corporation released the Nexera FV ultra high performance liquid chromatograph that improves the operational efficiency of tests for the evaluation of dissolution of contained components in the development and quality control of pharmaceutical dosage forms (e.g. tablets and capsules).

Key features of the study:

  • This report provides in-depth analysis of the pharmaceutical lab equipment market and provides market size (US$ Mn) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the pharmaceutical lab equipment market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, GE Healthcare, Agilent Technologies, Waters, Danaher, Thermo Fisher Scientific, Bruker, Eppendorf, Millipore, Shimadzu, Perkin Elmer, Brand GmbH, Pace Analytical, and Telstar
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The pharmaceutical lab equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the pharmaceutical lab equipment market

Detailed Segmentation:

  • Pharmaceutical Lab Equipment Market, By Equipment:
    • Spectroscopy Instrument
    • Chromatography Devices
    • Lab Automation Devices
    • Immunoassay Analyzers
    • Flow Cytometry Devices
    • Microarray Devices
    • Electrophoresis Equipment
    • Others
  • Pharmaceutical Lab Equipment Market, By Product Type:
    • Pretreatment Type
    • Reaction Type
    • Analysis and Test Type
  • Pharmaceutical Lab Equipment Market, By Region:
    • North America
      • By Equipment:
        • Spectroscopy Instrument
        • Chromatography Devices
        • Lab Automation Devices
        • Immunoassay Analyzers
        • Flow Cytometry Devices
        • Microarray Devices
        • Electrophoresis Equipment
        • Others
      • By Product Type:
        • Pretreatment Type
        • Reaction Type
        • Analysis and Test Type
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Equipment:
        • Spectroscopy Instrument
        • Chromatography Devices
        • Lab Automation Devices
        • Immunoassay Analyzers
        • Flow Cytometry Devices
        • Microarray Devices
        • Electrophoresis Equipment
        • Others
      • By Product Type:
        • Pretreatment Type
        • Reaction Type
        • Analysis and Test Type
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Equipment:
        • Spectroscopy Instrument
        • Chromatography Devices
        • Lab Automation Devices
        • Immunoassay Analyzers
        • Flow Cytometry Devices
        • Microarray Devices
        • Electrophoresis Equipment
        • Others
      • By Product Type:
        • Pretreatment Type
        • Reaction Type
        • Analysis and Test Type
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Equipment:
        • Spectroscopy Instrument
        • Chromatography Devices
        • Lab Automation Devices
        • Immunoassay Analyzers
        • Flow Cytometry Devices
        • Microarray Devices
        • Electrophoresis Equipment
        • Others
      • By Product Type:
        • Pretreatment Type
        • Reaction Type
        • Analysis and Test Type
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Equipment:
        • Spectroscopy Instrument
        • Chromatography Devices
        • Lab Automation Devices
        • Immunoassay Analyzers
        • Flow Cytometry Devices
        • Microarray Devices
        • Electrophoresis Equipment
        • Others
      • By Product Type:
        • Pretreatment Type
        • Reaction Type
        • Analysis and Test Type
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Equipment:
        • Spectroscopy Instrument
        • Chromatography Devices
        • Lab Automation Devices
        • Immunoassay Analyzers
        • Flow Cytometry Devices
        • Microarray Devices
        • Electrophoresis Equipment
        • Others
      • By Product Type:
        • Pretreatment Type
        • Reaction Type
        • Analysis and Test Type
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • GE Healthcare *
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Agilent Technologies
    • Waters
    • Danaher
    • Thermo Fisher Scientific
    • Bruker
    • Eppendorf
    • Millipore
    • Shimadzu
    • Perkin Elmer
    • Brand GmbH
    • Pace Analytical
    • Telstar

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Equipment
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • PEST Analysis
    • Mergers and Acquisitions
    • Product Patent Expiration
    • Regulatory Scenario
    • Pipeline Analysis
  4. Global Pharmaceutical Lab Equipment Market, By Equipment, 2016 – 2026, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2016 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Spectroscopy Instrument
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Chromatography Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Lab Automation Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Immunoassay Analyzers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Flow Cytometry Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Microarray Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Electrophoresis Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  5. Global Pharmaceutical Lab Equipment Market, By Product Type, 2016 – 2026, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2016 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Pretreatment Type
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Reaction Type
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Analysis and Test Type
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  6. Global Pharmaceutical Lab Equipment Market, By Region, 2016 – 2026, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Equipment, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Equipment, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Equipment, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Equipment, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Equipment, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Equipment, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016 – 2026, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • GE Healthcare
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Agilent Technologies
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Waters
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Danaher
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Thermo Fisher Scientific
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bruker
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Eppendorf
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Millipore
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Shimadzu
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Perkin Elmer
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Telstar
        • Company Overview
        • Equipment Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 28 market data tables and 22 figures on "Pharmaceutical Lab Equipment Market - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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