Global Laboratory Rack Market Size, Share & Trends Report, by Type (Tube Racks and Bottle Racks), and by Application (Medical & Healthcare Industry, Pharmaceutical Industry, Academia, and Others Industries) Forecast (2022-2028)

The global laboratory rack market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The increasing application of laboratory rack in academic institutions owing to the rise in the number of students and educational institutions is anticipated to drive the growth of the market. Looking toward the demand for laboratory racks, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.

For instance, in July 2021, Micronic launched High-Density Rack. The Micronic HD rack accommodates 138 individual 0.75ml internally threaded tubes or 0.80ml externally threaded tubes on an automation compatible ANSI dimensional footprint. In addition, the racks use an open bottom design, which permits tubes to be manipulated by robotic systems avoiding time-consuming procedures. Thus, such launches are anticipated to drive the growth of the global laboratory racks market during the forecast period.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Thermo Fisher Scientific Inc., Dynalon labware, and 3M Co. among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Laboratory Rack Market Report by Segment

By Type

• Tube Racks
• Bottle Racks

By Application

• Medical & Healthcare Industry,
• Pharmaceutical Industry
• Academia
• Others Industries

Global Laboratory Rack Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa