Refurbished Laboratory Equipment Market Size is valued at USD 25.52 Bn in 2024 and is predicted to reach USD 45.41 Bn by the year 2034 at a 6.0% CAGR during the forecast period for 2025-2034.
Refurbished laboratory equipment pertains to previously owned laboratory instruments and gear that have been repaired to a state of complete functionality and often resemble new conditions. This equipment goes through an extensive refurbishing process, which involves meticulous cleaning, repairing or replacing any broken or worn components, calibration, and rigorous quality assurance testing to ensure it meets the original manufacturer's standards. Refurbishing laboratory equipment is a cost-effective and ecologically responsible solution for laboratories that want to equip or improve their facilities without spending a lot of money on new equipment.
The rising demand for analytical equipment is a significant driver in the Refurbished Laboratory Equipment Market. Analytical equipment plays a crucial role in laboratory settings, enabling researchers, scientists, and technicians to analyze and characterize various substances, compounds, and materials accurately. By extending the lifespan of equipment through refurbishment, laboratories can reduce electronic waste and minimize their environmental footprint, contributing to sustainable laboratory practices.
Moreover, healthcare facilities expand their services or upgrade their existing equipment, they may require additional laboratory instruments and technology. Refurbished laboratory equipment enables facilities to access advanced technology and expand their capabilities without the significant financial investment required to purchase new equipment.
The refurbished laboratory equipment market is segmented on the basis of product and application. Based on product, the refurbished laboratory equipment market is segmented as analytical equipment, general equipment, specialty equipment, and support equipment. In this product segment, there are sub-categories in which Analytical Equipment comprises Chromatography Systems, Spectroscopy Instruments, Mass Spectrometers, Thermal Analyzers, Immunoassay Analyzers, Blood Gas Analyzers, Coagulation Analyzers and Others (elemental analyzers, particle size analyzers, etc.).
The General Equipment category includes Centrifuges, Incubators, Ovens, Autoclaves, Safety cabinets, Others (balances & scales, shakers & stirrers, etc.). The Specialty Equipment category comprises DNA Sequencers (PCR instruments, Flow Cytometers, Microscopes, Bioreactors, Others (microplate readers, x-ray diffraction systems, etc.,). By application, the refurbished laboratory equipment market is segmented into healthcare facilities, pharmaceutical & biotechnology companies, academic & research institutions, and others.
The analytical equipment category is expected to hold a major share of the global Refurbished Laboratory Equipment market in 2022. the rising demand for analytical equipment in the refurbished laboratory equipment market reflects the need for cost-effective, sustainable, and reliable solutions to support research and analytical activities in diverse laboratory settings. Analytical equipment remains essential for scientific discovery, quality assurance, and innovation across various industries, driving its continued prominence in the refurbished laboratory equipment market.
The healthcare facilities segment is projected to grow at a rapid rate in the global Refurbished Laboratory Equipment market. The rising demand for healthcare facilities drives the need for cost-effective, reliable, and sustainable laboratory equipment solutions. Refurbished laboratory equipment provides an accessible and practical option for healthcare facilities to acquire quality instruments and technology to support patient care, diagnostics, and research activities.
The North America Refurbished Laboratory Equipment market is expected to register North America boasts well-established healthcare and research infrastructure, including top-tier hospitals, academic institutions, and research laboratories. These facilities require a wide range of laboratory equipment for diagnostic, research, and testing purposes, driving the demand for refurbished laboratory equipment. In addition, Asia Pacific is predicted to grow at a rapid rate in the global Refurbished Laboratory Equipment market. The Asia-Pacific region is undergoing rapid industrialization, leading to the establishment of numerous manufacturing facilities, research laboratories, and healthcare institutions. These entities require laboratory equipment for various applications, driving the demand for refurbished options as cost-effective solutions.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 25.52 Bn |
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Revenue Forecast In 2034 |
USD 45.41 Bn |
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Growth Rate CAGR |
CAGR of 6.0% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product And End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Thermo Fisher Scientific, Inc., American Laboratory Trading, Inc., ARC Scientific LLC, American Instrument Exchange, Spectralab Scientific, Inc., GenTech Scientific LLC, International Equipment Trading Ltd., Copia Scientific Inc., Cambridge Scientific Instrument Company, LabX, Biophlox Global Pvt Ltd and Other Market Players |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Refurbished Laboratory Equipment Market Snapshot
Chapter 4. Global Refurbished Laboratory Equipment Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Estimates & Trend Analysis
5.1. by Product & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product:
5.2.1.1. Analytical Equipment/Clinical Equipment
5.2.1.1.1. Chromatography Systems
5.2.1.1.2. Spectroscopy Instruments
5.2.1.1.3. Mass Spectrometers
5.2.1.1.4. Thermal Analyzers
5.2.1.1.5. Immunoassay Analyzers
5.2.1.1.6. Blood Gas Analyzers
5.2.1.1.7. Coagulation Analyzers
5.2.1.1.8. Others (elemental analyzers, particle size analyzers, etc.)
5.2.1.2. General Equipment
5.2.1.2.1. Centrifuges
5.2.1.2.2. Incubators
5.2.1.2.3. Ovens
5.2.1.2.4. Autoclaves
5.2.1.2.5. Safety cabinets
5.2.1.2.6. Others (balances & scales, shakers & stirrers, etc.)
5.2.1.3. Specialty Equipment
5.2.1.3.1. DNA Sequencers
5.2.1.3.2. PCR Instruments
5.2.1.3.3. Flow Cytometers
5.2.1.3.4. Microscopes
5.2.1.3.5. Bioreactors
5.2.1.3.6. Others (microplate readers, x-ray diffraction systems, etc.,)
5.2.1.4. Support Equipment
Chapter 6. Market Segmentation 2: by End-User Estimates & Trend Analysis
6.1. by End-User & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-User:
6.2.1. Healthcare Facilities
6.2.2. Pharmaceutical & Biotechnology Companies
6.2.3. Academic & Research Institutions
6.2.4. Others
Chapter 7. Refurbished Laboratory Equipment Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
7.1.2. North America Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
7.1.3. North America Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
7.2.2. Europe Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
7.2.3. Europe Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
7.3.2. Asia Pacific Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
7.3.3. Asia Pacific Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
7.4.2. Latin America Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
7.4.3. Latin America Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
7.5.2. Middle East & Africa Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
7.5.3. Middle East & Africa Refurbished Laboratory Equipment Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Thermo Fisher Scientific, Inc.
8.2.2. American Laboratory Trading, Inc.
8.2.3. ARC Scientific LLC
8.2.4. American Instrument Exchange
8.2.5. Spectralab Scientific, Inc.
8.2.6. GenTech Scientific LLC
8.2.7. International Equipment Trading Ltd.
8.2.8. Copia Scientific Inc.
8.2.9. Cambridge Scientific Instrument Company
8.2.10. LabX
8.2.11. Biophlox Global Pvt Ltd
8.2.12. Other Prominent Players
Refurbished Laboratory Equipment Market By Product-
Refurbished Laboratory Equipment Market By End-User:
Refurbished Laboratory Equipment Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
