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ASEAN Laboratory Equipment Market Size, Share & Trends Analysis Report by Product (General, Analytical, Clinical, Support, Specialty), End-use (Research Institutions, Healthcare, Veterinary), Region, and Segment Forecasts, 2024-2030

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    Report

  • 110 Pages
  • December 2023
  • Region: Asia Pacific
  • Grand View Research
  • ID: 5921058
Description Jump to:
The ASEAN laboratory equipment market size is anticipated to reach USD 7.38 billion by 2030, and is anticipated to expand at a CAGR of 8.43% from 2024 to 2030. The growth can be attributed to the increased investments and government funding for research activities. Technological advancements in laboratory equipment have driven the demand for cutting-edge tools that enhance precision and efficiency in research processes. The rise in testing organizations and the increasing biotechnology and pharmaceutical industries have further fueled the demand for laboratory equipment.

Moreover, the rising investments in the healthcare industry and government research funding to support research activities have contributed to advancements in scientific research and technological innovation across various industries within the ASEAN region. As governments prioritize scientific development, allocating substantial funds towards research activities has created a conducive environment for market growth, facilitating the adoption of sophisticated laboratory equipment to enhance efficiency, accuracy, and productivity in research endeavors.

According to Hong Kong Means Business, several government incentives aimed at promoting R&D in Thailand have led to significant growth in the ASEAN laboratory equipment industry. Thailand has been rigorously looking to increase its competitive edge in the lab equipment space, including new tax and financial incentives. Furthermore, Thailand's Ministry of Science and Technology (MIST) has collaborated with several venture capital firms to establish a USD 14.4 million investment fund to offer financial aid to several priority sectors, including medical & wellness tourism, agriculture & biotechnology, biofuels & biochemical, and medical services.

In addition, several key players are undertaking various initiatives such as acquisitions, product launches, and partnerships to strengthen their market positions. This strategy enables companies to increase their capabilities, improve their competencies, and expand their product portfolios. By doing so, companies can drive innovation, stay flexible, and quickly respond to the ever-changing needs of the suture anchor device, ultimately playing a significant role in its growth. For instance, in March 2023, Bio-Rad Laboratories, Inc. launched the PTC Tempo Deepwell Thermal Cyclers and PTC Tempo 96, specifically designed to enhance & optimize PCR applications, including cloning, sequencing, and genotyping.

ASEAN Laboratory Equipment Market Report Highlights

  • In 2023, the general segment dominated the product segment, due to the wide range of applications and the increasing demand for general laboratory equipment, such as centrifuges, microscopes, and incubators, across various industries, including pharmaceuticals, biotechnology, and environmental testing
  • Healthcare segment dominated the end use segment in 2023 owing to the high demand for diagnostic, monitoring, and treatment-related equipment
  • Indonesia held the largest share in 2023 due to the country has highly developed R&D infrastructure, which has constant requirements for state-of-the-art laboratory equipment
  • Market players adopt several strategic initiatives to increase product reach and improve product availability in diverse geographic areas

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. End-use
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.3.5.1. Data for primary interviews in North America
1.3.5.2. Data for primary interviews in Europe
1.3.5.3. Data for primary interviews in Asia-Pacific
1.3.5.4. Data for primary interviews in Latin America
1.3.5.5. Data for Primary interviews in MEA
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.2. Approach 1: Commodity flow approach
1.6.3. Volume price analysis (Model 2)
1.6.4. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. End-use outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. ASEAN Laboratory Equipment Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Rising investments and government research funding to support research activities
3.2.1.2. Technological advancements in the field of laboratory equipment
3.2.1.3. Rise in the number of testing organizations along with growth of biotechnology and pharmaceutical industries
3.2.2. Market restraint analysis
3.2.2.1. High cost of technologically advanced laboratory equipment
3.3. ASEAN Laboratory Equipment Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
Chapter 4. ASEAN Laboratory Equipment Market: Product Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. General
4.1.2. Analytical
4.1.3. Clinical
4.1.4. Support
4.1.5. Specialty
4.2. Product Market Share, 2023 & 2030
4.3. Segment Dashboard
4.4. ASEAN Laboratory Equipment Market by Product Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2018-2030 for the following
4.5.1. General
4.5.1.1. Market estimates and forecast 2018-2030 (USD Million)
4.5.2. Analytical
4.5.2.1. Market estimates and forecast 2018-2030 (USD Million)
4.5.3. Clinical
4.5.3.1. Market estimates and forecast 2018-2030 (USD Million)
4.5.4. Support
4.5.4.1. Market estimates and forecast 2018-2030 (USD Million)
4.5.5. Specialty
4.5.5.1. Market estimates and forecast 2018-2030 (USD Million)
Chapter 5. ASEAN Laboratory Equipment Market: End-use Estimates & Trend Analysis
5.1. Definitions and Scope
5.1.1. Research Institutions
5.1.2. Healthcare
5.1.3. Veterinary
5.1.4. Others
5.2. End-use Market Share, 2023 & 2030
5.3. Segment Dashboard
5.4. ASEAN Laboratory Equipment Market by End-use Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2018-2030 for the following
5.5.1. Research Institute
5.5.1.1. Market estimates and forecast 2018-2030 (USD Million)
5.5.2. Healthcare
5.5.2.1. Market estimates and forecast 2018-2030 (USD Million)
5.5.3. Veterinary
5.5.3.1. Market estimates and forecast 2018-2030 (USD Million)
5.5.4. Others
5.5.4.1. Market estimates and forecast 2018-2030 (USD Million)
Chapter 6. ASEAN Laboratory Equipment Market: Regional Estimates & Trend Analysis
6.1. Regional Market Share Analysis, 2023 & 2030
6.2. Regional Market Dashboard
6.3. ASEAN Regional Market Snapshot
6.4. Market Size, & Forecasts Trend Analysis, 2018-2030 :
6.5. ASEAN
6.5.1. Brunei
6.5.1.1. Brunei market estimates and forecast, 2018-2030 (USD Million)
6.5.2. Cambodia
6.5.2.1. Cambodia market estimates and forecast, 2018-2030 (USD Million)
6.5.3. Indonesia
6.5.3.1. Indonesia market estimates and forecast, 2018-2030 (USD Million)
6.5.4. Malaysia
6.5.4.1. Malaysia market estimates and forecast, 2018-2030 (USD Million)
6.5.5. Philippines
6.5.5.1. Philippines market estimates and forecast, 2018-2030 (USD Million)
6.5.6. Singapore
6.5.6.1. Singapore market estimates and forecast, 2018-2030 (USD Million)
6.5.7. Thailand
6.5.7.1. Thailand market estimates and forecast, 2018-2030 (USD Million)
6.5.8. Vietnam
6.5.8.1. Vietnam market estimates and forecast, 2018-2030 (USD Million)
6.5.9. Others
6.5.9.1. Others market estimates and forecast, 2018-2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company/Competition Categorization
7.2.1. Innovators
7.3. Vendor Landscape
7.3.1. List of key distributors and channel partners
7.3.2. Key customers
7.3.3. Key company market share analysis, 2023
7.3.4. Sartorius AG
7.3.4.1. Company overview
7.3.4.2. Financial performance
7.3.4.3. Product benchmarking
7.3.4.4. Strategic initiatives
7.3.5. Bio-Rad Laboratories, Inc
7.3.5.1. Company overview
7.3.5.2. Financial performance
7.3.5.3. Product benchmarking
7.3.5.4. Strategic initiatives
7.3.6. Thermo Fisher Scientific, Inc
7.3.6.1. Company overview
7.3.6.2. Financial performance
7.3.6.3. Product benchmarking
7.3.6.4. Strategic initiatives
7.3.7. Agilent Technologies, Inc
7.3.7.1. Company overview
7.3.7.2. Financial performance
7.3.7.3. Product benchmarking
7.3.7.4. Strategic initiatives
7.3.8. PerkinElmer Inc
7.3.8.1. Company overview
7.3.8.2. Financial performance
7.3.8.3. Product benchmarking
7.3.8.4. Strategic initiatives
7.3.9. Shimadzu Corporation
7.3.9.1. Company overview
7.3.9.2. Financial performance
7.3.9.3. Product benchmarking
7.3.9.4. Strategic initiatives
7.3.10. Waters Corporation
7.3.10.1. Company overview
7.3.10.2. Financial performance
7.3.10.3. Product benchmarking
7.3.10.4. Strategic initiatives
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviation
Table 3 ASEAN laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 4 ASEAN laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
Table 5 Cambodia laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 6 Cambodia laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
Table 7 Brunei laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 8 Brunei laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
Table 9 Indonesia laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 10 Indonesia laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
Table 11 Malaysia laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 12 Malaysia laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
Table 13 Philippines laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 14 Philippines laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
Table 15 Singapore laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 16 Singapore laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
Table 17 Thailand laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 18 Thailand laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
Table 19 Vietnam laboratory equipment market revenue estimates and forecast, by product, 2018-2030 (USD Million)
Table 20 Vietnam laboratory equipment market revenue estimates and forecast, by end-use, 2018-2030 (USD Million)
List of Figures
Figure 1 ASEAN laboratory equipment market segmentation
Figure 2 Market research process
Figure 3 Information procurement
Figure 4 Primary research pattern
Figure 5 Market research approaches
Figure 6 Value chain-based sizing & forecasting
Figure 7 Market formulation & validation
Figure 8 Market snapshot
Figure 9 Segment snapshot (Product and end-use)
Figure 10 Competitive landscape snapshot
Figure 11 Laboratory equipment & ASEAN laboratory equipment market value, 2022 (USD Billion)
Figure 12 ASEAN laboratory equipment market dynamics
Figure 13 ASEAN laboratory equipment market: PORTER’s analysis
Figure 14 ASEAN laboratory equipment market: PESTLE Analysis
Figure 15 ASEAN laboratory equipment market: Product outlook and key takeaways
Figure 16 ASEAN laboratory equipment market: Product movement analysis
Figure 17 Clinical market estimates and forecast, 2018-2030 (USD Million)
Figure 18 Analytical market estimates and forecast, 2018-2030 (USD Million)
Figure 19 Specialty market estimates and forecast, 2018-2030 (USD Million)
Figure 20 General market estimates and forecast, 2018-2030 (USD Million)
Figure 21 Support market estimates and forecast, 2018-2030 (USD Million)
Figure 22 ASEAN laboratory equipment market: End-use outlook and key takeaways
Figure 23 ASEAN laboratory equipment market: End-use movement analysis
Figure 24 Research institutions market estimates and forecast, 2018-2030 (USD Million)
Figure 25 Healthcare market estimates and forecast, 2018-2030 (USD Million)
Figure 26 Veterinary market estimates and forecast, 2018-2030 (USD Million)
Figure 27 Others market estimates and forecast, 2018-2030 (USD Million)
Figure 28 Regional marketplace: Key takeaways
Figure 29 ASEAN laboratory equipment market estimates and forecast, 2018-2030, (USD Million)
Figure 30 Key country dynamics
Figure 31 Brunei laboratory equipment market estimates and forecasts, 2018-2030 (USD Million)
Figure 32 Key country dynamics
Figure 33 Cambodia laboratory equipment market estimates and forecasts, 2018-2030 (USD Million)
Figure 34 Key country dynamics
Figure 35 Indonesia laboratory equipment market estimates and forecasts, 2018-2030 (USD Million)
Figure 36 Key country dynamics
Figure 37 Malaysia laboratory equipment market estimates and forecasts, 2018-2030 (USD Million)
Figure 38 Key country dynamics
Figure 39 Philippines laboratory equipment market estimates and forecasts, 2018-2030 (USD Million)
Figure 40 Key country dynamics
Figure 41 Singapore laboratory equipment market estimates and forecasts, 2018-2030 (USD Million)
Figure 42 Key country dynamics
Figure 43 Thailand laboratory equipment market estimates and forecasts, 2018-2030 (USD Million)
Figure 44 Key country dynamics
Figure 45 Key company categorization
Figure 46 Strategic framework

Companies Mentioned

  • Sartorius AG
  • Bio-Rad Laboratories, Inc
  • Thermo Fisher Scientific, Inc
  • Agilent Technologies, Inc
  • PerkinElmer Inc
  • Shimadzu Corporation
  • Waters Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages110
PublishedDecember 2023
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 4.19 Billion
Forecasted Market Value ( USD ) by 2030 $ 7.38 Billion
Compound Annual Growth Rate8.4%
Regions CoveredAsia Pacific
No. of Companies Mentioned7

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About the Laboratory Equipment Market

The Laboratory Equipment market is composed of companies that manufacture and distribute laboratory equipment used in scientific research and development. This equipment includes microscopes, centrifuges, spectrometers, chromatographs, and other instruments used in the laboratory. It also includes consumables such as reagents, media, and other supplies. The Laboratory Equipment market is highly competitive, with many companies offering a wide range of products and services. Companies in the market are focused on providing innovative solutions to meet the needs of their customers. They are also investing in research and development to develop new products and technologies. Some of the major companies in the Laboratory Equipment market include Thermo Fisher Scientific, Agilent Technologies, Shimadzu Corporation, PerkinElmer, and Merck KGaA. These companies are well-known for their high-quality products and services. Show Less Read more

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