by Laboratory Glassware Washers Market: Increasing Demand for Freestanding Equipment as Consumer Convenience Remains the Goal
The benefits offered by laboratory glassware washers, such as superior quality of cleaning and convenience, have caused them to become indispensable in lab settings across a variety of applications, globally. The rapid growth of end-use industries, including healthcare, hospitals and diagnostics, and life science, has led to a spike in the demand for laboratory glassware washers in recent years. Within the laboratory glassware washers market, in 2018, freestanding washers dominated the landscape, holding a lion’s share of over half the total market value. This can be attributed to the convenience they offer over other types, particularly in sterilization and surgical departments. The segment is expected to expand the fastest of the three washers, to hit the ~US$ 200 Mn market by the end of the forecast period in 2027.
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Undercounter laboratory glassware washers, which also accounted for a significant share of the market in 2018 of around one third of the total value, are expected to increase at a CAGR of ~3% over the forecast period. While this segment is anticipated to hold a marginally smaller share in 2027 over 2018, its increased use in smaller surgery centers and dental practices continues to propel its growth within the laboratory glassware washers market.
Manufacturers’ Focus on Efficiency & Convenience to Shape Further Evolution
There has been a premium placed on the convenience and efficiency offered by laboratory glassware washers over manual methods of sterilization, on the back of the demand from various end-use industries. Manufacturers in the global laboratory glassware washers market are increasingly focusing on these requirements, to enhance their product lines to improve their efficiency. An example of product enhancement in recent years includes: in April 2019, Miele, a player of significance in the global laboratory glassware washers market, expanded its existing product line by introducing freestanding washers that are narrower, with a smaller capacity. These are touted as being customizable to promote a safer loading process and improved cleaning of a variety of glassware.
In recent years, water conservation and lab efficiency have witnessed increasing interest within the laboratory sphere, with consumers pushing for resource-friendly methods and techniques to enhance efficiency, especially with the washing and sanitizing of equipment. This has resulted in manufacturers aiming at automating processes to streamline them to improve their operational efficiency. For instance, in December 2018, Labconco, a major player in the global landscape, launched The ScrubAir Pipette Washer/Dryer, which is said to consume 98% less water and 85% less time cleaning pipettes.
Competition Analysis
The global laboratory glassware washers market is considered to be moderately consolidated, with the top four players – Steris Plc, Belimed, Steelco S.p.A., and Lancer, accounting for over half of the total market share. These players are increasingly focused on restructuring their organizations to strengthen their position in this highly competitive landscape. For instance, in 2018, Steris Plc announced a restructuring plan aimed at improving quality, delivery, and cost for the company.
Players in the market are also focusing on partnerships with pharmaceutical companies to improve their product offerings and consolidate their presence in the global landscape. For instance, in August 2019, SP Industries, a major player in the laboratory glassware washers market, announced a partnership agreement with Lab-i-DOSiTECNO Pharma Technologies, to combine their expertise of technically-advanced freeze drying and vial washing and sterilizing techniques for better product offerings.
Laboratory Glassware Washers Market: Analysts’ Overview
The global laboratory glassware washers market is set to grow at a moderate pace during the forecast period, due to the rise in the demand for efficient and superior quality of cleaning and sterilizing of equipment used in laboratories, as elimination of infection remains a priority across end-use sectors. According to analysts at players in this market should focus on expanding their product range to incorporate convenience features such as personalized wash cycles, customizable accessories, etc., all aimed at improved operations in lab environments.
Regional markets in APAC and LATAM, within the global laboratory glassware washers landscape, are expected to grow the fastest during the forecast period, due to increasing awareness regarding efficient washing techniques aimed at improving healthcare. Players looking to make inroads into these regions are likely to prosper from lucrative opportunities offered, even as they strengthen their regional and local presence.
With technology’s pervasive influence impacting the manner of evolution of the laboratory glassware washers landscape, manufacturers leveraging these advancements to make products water- and power-efficient are expected to maximize their gains during the forecast period.
Global Laboratory Glassware Washers Market: Overview
The global laboratory glassware washers market was valued at ~US$ 230 Mn in 2018, and is projected to expand at a sluggish CAGR from 2019 to 2027.
Rise in the demand for glassware washers in healthcare facilities, and growing life science and healthcare industries, are anticipated to fuel the growth of the global laboratory glassware washers market.
Increase in the number of clinical and research laboratories across the globe is a major factor boosting the laboratory glassware washers market.
A laboratory glassware washer is equipment used to wash the glassware used in laboratories associated with institutes, hospitals, and diagnostic laboratories. These laboratory glassware washers provide advanced technology, open racks, and spindles, which could be interchangeable. Rapid growth of the life science industry, increase in the number of clinical and diagnostic laboratories across the globe, shortage of laboratory workforce in developed countries, and increase in the geriatric population are likely to boost the growth of the global laboratory glassware washers market.
Mergers and acquisitions also drive the global laboratory glassware washers market. In August 2019, SP Scientific collaborated with Lab-i-DOSiTECNO Pharma Technologies, which will enable the two companies to combine their expertise in technically-advanced freeze drying and vial washing and sterilizing.
Launch of advanced glassware washers is another factor projected to boost the growth of the global market. These glassware washers provide greater load flexibility, more capacity, and efficient application specific programs. For instance, in October 2019, Wexiödisk AB, a Sweden-based company, launched its glassware washer portfolio with four glassware specific hood-type models. These glassware washers are specifically designed for premium venues with a high turnover of glassware. This glassware washer range helps operators ensure the very best cleaning results.
Global Laboratory Glassware Washers Market: Segmentation
The global laboratory glassware washers market has been segmented based on type, capacity, end user, and region
In terms of type, the global laboratory glassware washers market has been categorized into undercounter, freestanding, and portable. The freestanding segment is projected to lead the global laboratory glassware washers market during the forecast period. High market share of the freestanding segment can be attributed to increase in the preference and usage of these washers in surgical and sterilization departments.
Based on capacity, the global laboratory glassware washers market has been divided into small, medium, and large. The segment accounted for the largest share of the market in 2018, and the trend is expected to continue during the forecast period. Growth of the segment is attributed to increase in the sales of freestanding laboratory glassware washers for use in various surgical and sterilization departments. Freestanding washers are large and capable of washing large quantities of laboratory glassware.
In terms of end user, the global laboratory glassware washers market has been classified into hospitals & diagnostic centers, pharmaceutical & biotechnology companies, research institutes, and others. The hospitals & diagnostic centers segment dominated the global laboratory glassware washers market in 2018, owing to proper sterilization and washing processes undertaken at hospitals and diagnostic centers in order to prevent infections.
Global Laboratory Glassware Washers Market: Regional Segmentation
In terms of region, the global laboratory glassware washers market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the global laboratory glassware washers market in 2018, owing to rapid growth of the life sciences, health care, and hospital industries in the region. Moreover, increase in the number of laboratories in the U.S. and rise in research & development across North America are likely to boost the laboratory glassware washers market. Additionally, the presence of key players with robust product portfolios and an advanced healthcare system are projected to boost market growth in the region. Significant progress toward the elimination of healthcare-associated infection is a major factor that drives the laboratory glassware washers market in North America. The region’s higher market share is attributed to increase in the number of medical and pharmaceutical companies.
The laboratory glassware washers market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period, due to rise in awareness about washing techniques and improvement in the healthcare sector in countries such as China, Japan, and India. Technological advancements and faster adoption of new laboratory glassware washer technologies are anticipated to propel the market in the region during the forecast period.
The laboratory glassware washers markets in Latin America and the Middle East & Africa are likely to expand at a considerable CAGR owing to rise in government initiatives for attracting investments and change in government legislations.
Global Laboratory Glassware Washers Market: Major Players
Key players operating in the global laboratory glassware washers market include –
- SP Industries
- SMEG S.p.A
- Lancer Sales (Getinge Group)
- Scientek Technology Corporation (Spire Integrated Solutions)
- Belimed (Metall Zug Group)
- Steris plc
- Labconco
- Avantor, Inc.
- Steelco S.p.A. (Meile Group)
These players focus on adopting organic and inorganic growth strategies to strengthen their product portfolios. These companies have adopted strategies such as collaborations & acquisitions, expansion of geographic footprint, strong product portfolio, and participation in global events in order to be competitive in the global laboratory glassware washers market.
Key Questions Answered in Global Laboratory Glassware Washers Market Report
- What is the sales/revenue expected to be generated by laboratory glassware washer products across all regions during the forecast period?
- What are the key trends in the laboratory glassware washers market?
- What are the major drivers, restraints, and opportunities in the market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which segment will have the highest revenue, globally, in 2027, and which type will expand at the fastest CAGR during the forecast period?
Global Laboratory Glassware Washers Market – Segmentation
Type
- Undercounter
- Freestanding
- Portable
Capacity
- Small
- Medium
- Large
End User
- Hospitals & Diagnostic Centers
- Pharmaceutical & Biotechnology Companies
- Research Institutes
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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