Lab Supplies Procurement Intelligence
The global lab supplies category is anticipated to grow at a CAGR of 7.5% from 2023 to 2030.
Growth of the category can be attributed to a rise in life science research and clinical laboratory testing, and growth in financial support and investment for biotechnology and pharmaceutical research development. The category is anticipated to witness steady growth over the forecasted timeframe due to uninterrupted and ongoing supply of laboratory equipments. Over time, laboratories have evolved into multifunctional research spaces where a wide range of testing procedures and comparison studies are conducted. The market need for laboratory supplies has increased as a result of this. In addition, the field of lab supply research has become increasingly dominant over the past ten years. As a result, academic institutions have expanded their labs, which has further fuelled the category's growth.
Order your copy of the Lab Supplies category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Lab Supplies Procurement Intelligence Report Scope
The Lab Supplies category is expected to have pricing growth outlook of 5% - 10% increase (Annually), with below pricing models.
- Cost-plus pricing
- Fixed pricing
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Industries served
- years in service
- geographic service provision
- certifications
- types of products
- features
- technical support
- lead time
- regulatory compliance
- others
Lab Supplies Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Lab Supplies Procurement Cost and Supplier Intelligence
Cost of products (equipments, disposables, reagents), labor cost, transportation cost and insurance cost are the key cost components in this category. In 2022, the cost of raw materials reached all-time highs for plastic converters in North America, Europe, and Asia. Also, the price of consumables getting shipped from North America, Europe, and Asia got affected by the Ukraine-Russia conflict. Goods being transported by rail from China has increased recently, which has decreased the need for shipping containers as well as the costs connected with gasoline for transportation.
The prices of centrifuges offered in the category ranges from USD 27 to USD 63,000 depending on type of centrifuge (mini, micro and benchtop), RPM speed and relative centrifugal field (RCF). In addition, the prices of incubators offered in the category ranges from USD 31 to USD 49,900 depending on chamber size, temperature ranges, and features (smartphone notification, alarms, etc.)
List of Key Suppliers
- Agilent Technologies, Inc.
- Becton
- Dickinson and Company
- Bio-Rad Laboratories, Inc.
- Danaher Corporation
- Hilton Instruments Ltd.
- Medline Industries
- LP
- PerkinElmer Inc.
- Sartorius AG
- Shimadzu Corporation
- Th. Geyer GmbH Co. KG
- Thermo Fisher Scientific Inc.
- Waters Corporation
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis
- Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Rate Benchmarking
- Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Salary Benchmarking
- Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
Supplier Newsletter
- A typical newsletter study by capturing latest information for specific suppliers related to: MAs, technological innovations, expansion, litigations, bankruptcy etc.
Browse through Grand View Research’s collection of procurement intelligence studies:
- Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
- Loyalty Programs Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
- Helium Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
