DELRAY BEACH -- November 13, 2026 -- MarketsandMarkets projects that the global lab consumables market will grow from USD 17.3 billion in 2026 to USD 25.5 billion by 2031, a compound annual growth rate of 8.0%. The USD 8.2 billion increase equals about 47% of the 2026 base, by our calculation, or roughly USD 1.6 billion of added annual sales on average over the five years.
Microplates, diagnostic centers and clinical diagnostics are forecast to outgrow the market
The research firm expects three segments to grow faster than the 8.0% market rate. Microplates are forecast at 9.5% a year, 1.5 percentage points above the market. Diagnostic centers as end users are forecast at 9.0%, and clinical diagnostics as an application at 8.5%.
The fastest-growing segments are not the largest ones. In 2025, containers and vials held the largest share by product type, industrial manufacturing by application, and pharmaceutical and biopharmaceutical companies by end user. MarketsandMarkets ties demand to pharmaceutical and biotech R&D spending, high-throughput screening, next-generation sequencing and growing outsourcing to contract research and manufacturing organizations (CROs and CDMOs). For containers and vials, it also cites cryogenic storage and biobanking.
The release does not give the 2025 market size or any segment or regional share in dollars, so the growth rates cannot be set against current segment size.
Asia Pacific is forecast to grow fastest after North America led in 2025
North America accounted for the largest regional share in 2025. MarketsandMarkets projects Asia Pacific will register the fastest growth through 2031. It names China, India, Japan, South Korea and Australia, and describes China and India as the main growth contributors.
The firm points to expanding pharmaceutical and biopharmaceutical manufacturing, a growing CRO and CDMO presence, and government support for life sciences. It says the push for localized manufacturing and regional supply chains is encouraging leading manufacturers to expand their operations in the region.
Eight of 13 named suppliers are headquartered in the United States
MarketsandMarkets lists 13 key players. Eight are US-based: Danaher, Thermo Fisher Scientific, Corning, Abbott Laboratories, Bio-Rad Laboratories, Agilent Technologies, Waters and Bruker. Two are German (Merck KGaA, Eppendorf), and one each is Austrian (Greiner Bio-One), Dutch (QIAGEN) and Japanese (Sysmex).
The full report, titled Lab Consumables Market - Global Forecast to 2031, runs 280 pages with 180 data tables and 62 figures. Its market size data covers 2026 to 2031.