(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The "United States Laboratory Disposable Products Market, By Region, Competition, Forecast & Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The United States Laboratory Disposable Products market is experiencing a robust increase, driven by the critical need for hygiene and safety in laboratory environments. A compounded annual growth rate (CAGR) of 7.67% is expected, indicating the market's upward trajectory from its 2023 valuation of USD 1.24 billion to an estimated USD 1.94 billion by the year 2029. Technological advancements, growing research activities, and an emphasis on infection control fuel continuous demand across the industry.
Technological Innovations Spearheading Growth
Innovation is at the heart of market growth, with advancements that not only offer improved functionality but also address environmental concerns. Sophisticated disposable products that cater to the specific requirements of modern scientific research are increasingly in demand. As the market adapts to these new technologies, there is a clear trend towards products that combine high performance with sustainability.
Diagnostic Testing Surge Influences Market Expansion
The market's expansion is also significantly influenced by the rise of diagnostic testing and clinical laboratories. The surge in healthcare testing, combined with advancements in diagnostic technologies, reinforces the necessity for a broad range of disposable products to ensure that laboratories operate with efficiency, safety, and reliability.
Regional Analysis: West Leads Market Demand
Regionally, the market analysis reveals that the West United States holds dominance, attributed to the dense concentration of pivotal pharmaceutical and biotechnology companies, leading research institutions, and increased healthcare investments. This regional market's strength is underlined by the rising demand for laboratory disposables in both industry and academic research.
Key Industry Players
Key players shaping the United States Laboratory Disposable Products Market include industry leaders such as Cardinal Health, Inc., Thomas Scientific LLC, Medicus Health, and others who are crafting the trajectory of the market through strategic innovation, production of high-quality disposable products, and adherence to environmental concerns.
The continuous evolution of the laboratory disposables sector reflects the importance of maintaining safety and purity in laboratory environments. With a commitment to technological advancement, environmental sustainability, and meeting the rapidly rising demand across medical and research institutions, the United States Laboratory Disposable Products Market is set to witness significant growth into the next decade.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $1.24 Billion |
| Forecasted Market Value (USD) by 2029 | $1.94 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | United States |
Companies Featured
Cardinal Health, Inc. Thomas Scientific LLC Medicus Health Avantor, Inc. Dynarex Corporation Thermo Fisher Scientific Inc. Mckesson Corporation Medline Industries, Inc. Becton, Dickinson and Company Agilent Technologies, Inc.
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U.S. Laboratory Disposable Products Market
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