One of the broadest categories covered in our recently released 2017 SDi Global Assessment Report: The Laboratory Analytical & Life Science Instrumentation Industry is laboratory equipment segment. We define this segment as being comprised of lab centrifuges, transfection solutions, water purification systems, extraction techniques, gas generators, concentrators and evaporators, fume hoods, incubators, biological safety cabinets, bioreactors and fermenters, microwave-assisted chemistry, lab washers, and shakers and stirrers. Even though these products do not take analytical measurements, they remain essential tools for laboratory scientists, and some even directly contribute to instrument sample preparations and techniques.
We project the multi-billion dollar segment will grow 3.4% in 2017 driven primarily by life science applications including transfection, and bioreactors and fermenters. Thermo Fisher Scientific is the clear market leader for lab equipment and is active in 9 of 13 of the aforementioned product categories. In our analysis, MilliporeSigma holds the second largest share in the lab equipment market due to its dominance in water purification. Eppendorf, Parker Hannifin and Sartorius command roughly equal shares each with each focusing on different solutions for labs.
Bioreactors and fermenters are among the bright spots in this segment expected to experience healthy growth, most of the other categories in the segment will grow at a low single-digit rate this year, if not remain flat altogether. Like other sections of The 2017 SDi Global Assessment Report: The Laboratory Analytical & Life Science Instrumentation Industry, the Lab Equipment section also explores market size, growth the current state of the competitive playing field, including a list of the top vendors’ market shares, a vendor participation matrix, recent developments, and concludes with a short discussion that suggests where the market might be headed over the next five years from the related standpoints of technology, competition, and growth.