Laboratory Disposable Products Market: Introduction
- Disposable products are primarily made from plastic, paper, polystyrene foam, or cotton. Laboratory disposables are a class of consumable products that help prevent contamination in laboratories.
- Laboratory disposables provide better results in research experiments and diagnostic tests. Furthermore, these products help eliminate reprocessing procedure, as they are not reusable. Laboratory disposables can be sterile and non-sterile, designed to work with different materials, suitable for holding different samples, resistant to chemical compounds, etc.
Key Drivers of Global Laboratory Disposable Products Market
- The global laboratory disposable products market is driven by the increase in demand for plastics in the health care industry due to its various advantages, including cost-effectiveness, light weight, versatility, and biocompatibility
- Disposable products offer better safety to patients and help avoid infectious diseases and product contamination. This is anticipated to boost the demand for laboratory disposable products during the forecast period.
- Rise in research and development in health care, increase in burden of chronic diseases, growth in number of laboratories, and rise in technological advancements are key factors boosting the laboratory disposable products market
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Strategies Adopted by Key Players and Emerging Economies to Offer Lucrative Opportunities
- Companies operating in the global laboratory disposable products market are focussing on catering to the needs of the medical community and patient population by introducing novel products and technologies. Leading players emphasize on research and development activities and engage in acquisitions, mergers, and collaborations to strengthen their position in the global market.
- In October 2019, BD, a leading global medical technology company, announced the launch of the BD Intevia 1mL two-step disposable autoinjector, a robust platform device combining autoinjector and pre-fillable syringe in one integrated system. The announcement was made at the Parental Drug Association’s 2019 Universe of Pre-Filled Syringes and Injection Devices conference held in Gothenburg, Sweden.
- In August 2018, QIAGEN announced a collaboration with SRL, Inc., the largest clinical testing laboratory company in Japan, to prepare for introduction of new companion diagnostics simultaneous with new drug approvals
- In July 2017, Gerresheimer announced that it had acquired an exclusive license from West Pharmaceutical Services to complete its prefillable syringes portfolio with passive syringe safety solutions
- Emerging economies offer lucrative opportunities to the laboratory disposable products market owing to increase in patient population, surge in chronic diseases, rise in initiatives by governments in the health care sector, increase in number of laboratories, and growth in research and development activities
North America to Constitute Major Share of Global Laboratory Disposable Products Market
- North America is projected to account for leading share of the global laboratory disposable products market during the forecast period due to increase in health awareness, rise in patient population, presence of well-established health care infrastructure, growth in technological advancements, rise in number of well-equipped laboratories, surge in research and development activities, and presence of key players in the region
- The laboratory disposable products market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to the rise in geriartic population, increase in initiatives by governments in the health care sector, surge in incidences of chronic diseases, and increase in interest of key players in expanding their presence in the region
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Key Players Operating in Global Laboratory Disposable Products Market
Leading players in the global laboratory disposable products market are focusing on research and development activities, and technological advancements. Their competitors are also emphasizing on various growth strategies including mergers, acquisitions, product advancements, product launches & approvals, partnerships, and collaborations. Prominent players operating in the global laboratory disposable products market are:
- Cardinal Health
- Medline Industries, Inc.
- McKesson Corporation
- Thermo Fisher Scientific Inc.
- Gerresheimer AG
- PerkinElmer Inc.
- Bio-Rad Laboratories, Inc.
- Agilent Technologies, Inc.
Global Laboratory Disposable Products Market: Research Scope
Global Laboratory Disposable Products Market, by Product
- Specimen Containers
- Transport Vials
- Collection and Transport Swabs
- Tissue Collectors
Global Laboratory Disposable Products Market, by Material
Global Laboratory Disposable Products Market, by End-user
- Ambulatory Surgical Centers
- Contract Research Organizations (CROs)
Global Laboratory Disposable Products Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.