Towards Healthcare
Life Science Lab Equipment Market Soars USD 101.37 Bn by 2034

Life Science Lab Equipment Market Growth 2025 Driven by AI, Automation & Precision Medicine Demand

Market insights predict the global life science lab equipment industry will increase from USD 57.71 billion in 2024 to USD 101.37 billion by 2034, achieving a CAGR of 5.84%. The market is expanding due to rising demand for advanced research tools in biotechnology and pharmaceuticals. Increased investment in R&D and technological innovation is further fueling market growth. 

  • Insight Code: 5899
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: July 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and market strategy to her research.

Shivani contributes to Towards Healthcare and plays an active role at Precedence Research, where she focuses on delivering in-depth market intelligence, competitive analysis, and trend forecasting across pharmaceuticals, medical devices, digital health, and healthcare services. Her insights support healthcare companies, investors, and policymakers in making data-backed decisions in a highly regulated and rapidly evolving sector.

Additionally, Shivani collaborates with Statifacts, further expanding her healthcare domain reach by engaging in diverse projects across global markets. Her strength lies in transforming complex clinical and commercial data into strategic narratives that help stakeholders navigate the future of healthcare.

FAQ's

The life science lab equipment market is projected to reach USD 101.37 billion by 2034, growing at a CAGR of 5.84% from 2024 to 2034.

North America is currently leading the healthcare cybersecurity market due to its advanced research ecosystem and strong presence of top biotech and pharmaceutical companies.

The life science lab equipment market includes five segments by equipment type, by application, by automation level, by end user, and by region.

Some key players include Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, Merck KGaA, Qiagen, Eppendorf, and Hamilton Company.

Key trends include the growth due to rising demand for advanced research tools in biotechnology and pharmaceuticals.

There is a rising demand for energy-efficient, low-waste, and eco-friendly lab equipment, aligning with global sustainability goals.

India Brand Equity Foundation, Food and Drug Administration, U.S. Environmental Protection Agency, European Medicines Agency, and National Medical Products Administration.