This Key Note Market Update analyses the market for laboratory equipment in the UK. Laboratory equipment refers to instrumentation, equipment and consumables used in science laboratories; routine testing; monitoring; reference and quality-control laboratories; and in hospitals, universities and schools.
The laboratory equipment market is supported by a broad customer base, ranging from public-sector organisations such as the National Health Service (NHS) and local education authorities, to Government organisations, private hospitals and clinics, and industrial companies. Public-sector laboratories, such as university science departments and Government research institutes, receive support from the Government. Major UK-based pharmaceutical companies, such as GlaxoSmithKline and AstraZeneca, also spend heavily on laboratory equipment.
The UK laboratory equipment market has been growing consistently over the past 5 years, driven by a fast-growing life sciences industry; an ageing population; and the rising demand for medical care and clinical research, in addition to growing sophistication and cost of these types of equipment. Between 2008 and 2012, sales of laboratory equipment, instrumentation and laboratory consumables, grew by an estimated 9.3%. Instrumentation and equipment continues to form the largest sector in this market and accounted for 60.1% of the total market value in 2012, with the remaining 39.9% taken up by laboratory consumables.
Figures from National Statistics showed that, in 2010,...