Lab consumables market to reach USD 25.5 billion by 2031, firm says
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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%.