Laboratory Equipment Market 2024-2033 | Growth, Trends & Regional Forecast
The Laboratory Equipment Market is projected to grow from USD 34.5 billion in 2024 to USD 68.3 billion by 2033, exhibiting a CAGR of 7.9% during the forecast period. This growth is driven by increasing healthcare diagnostics, research and development activities, and adoption of advanced laboratory technologies. North America dominates the market due to strong healthcare infrastructure and research investments, while Asia-Pacific shows rapid growth potential. The demand for automated and precise analytical instruments is rising across healthcare, biotech, pharmaceutical, and academic sectors. Emerging markets are expanding investments in laboratory facilities and advanced instruments to support diagnostics, environmental testing, and biochemistry applications, enhancing global market expansion
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