Laboratory Logistics Market Size (2024 - 2029)

The laboratory logistics market is experiencing growth driven by the essential role of lab logistics in transporting specimens, particularly in the context of infectious disease management. The market size is expanding globally, with significant contributions from the healthcare and research and development sectors. Increased R&D activities and the pharmaceutical industry's success are key factors influencing this growth. Technological advancements are anticipated to further propel the market, highlighting the importance of understanding the implications for laboratories worldwide as the market continues to evolve.

Home Market Analysis Logistics Research Freight Transport Research Laboratory Logistics Market Market Size

Market Size of Laboratory Logistics Industry

Laboratory Logistics Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 5.60 %
Fastest Growing Market Asia Pacific
Largest Market North America and Europe
Market Concentration High

Major Players

Laboratory Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Laboratory Logistics Market Analysis

The Laboratory Logistics Market is expected to register a CAGR of 5.60% during the forecast period.

Lab logistics play a crucial role in laboratories worldwide, particularly in transporting lab specimens, which is essential in the current global landscape with the rapid spread of infectious diseases like COVID-19. Reliable lab courier services are more important than ever to ensure the safe and efficient movement of samples.

In the United States, the lab logistics industry costs have reached USD 9.3 trillion, nearly double the market costs in Europe. As the logistics market for laboratories continues to grow globally, it is vital to understand the implications for your lab going forward.

Various factors in the healthcare and research and development sectors have contributed to the growth of the lab sample management and logistics market. Increased research and development activities drive this growth to test new products, formulate solutions, and other related endeavors. The pharmaceutical industry's success has also played a significant role in expanding the lab sample management and logistics market. Anticipated technological advancements in the industry are expected to fuel the growth of this market further.

Laboratory Logistics Industry Segmentation

The laboratory logistics market is the systematic and standardized management of laboratory commodities, utilizing logistics data to inform procurement, storage, and distribution. The laboratory logistics market is segmented by service (transportation, storage, and value-added services), end users (medical laboratory, biology laboratory, and other end users), and region (North America, South America, Europe, Asia-Pacific, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

By Services
Transportation
Storage
Value Added Services
By End User
Medical Laboratory
Biology Laboratory
Other End Users
By Region
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Laboratory Logistics Market Size Summary

The laboratory logistics market is experiencing significant growth, driven by the increasing need for efficient transportation of lab specimens, especially in the context of global health challenges like infectious disease outbreaks. This sector is crucial for ensuring the safe and timely movement of samples, which is vital for research and diagnostic purposes. The market is expanding due to heightened research and development activities, particularly in the healthcare and pharmaceutical industries, which are pushing the demand for advanced lab sample management solutions. Technological advancements are expected to further propel the market, with specialized storage and transportation solutions playing a key role in maintaining sample integrity.

North America currently leads the laboratory logistics market, supported by its strong healthcare infrastructure, thriving pharmaceutical sector, and robust research and development activities. The region's growth is also attributed to increased digitization within the industry. Europe holds a significant share of the market, with the United States driving technological innovations that enhance laboratory logistics. The market is characterized by fragmentation, with major players like Q2 Solutions, Yourway, Intertek, CSM, and LabConnect actively engaging in collaborations, mergers, and acquisitions to expand their offerings and maintain competitive advantage. Recent developments, such as the launch of Intertek Inform and the incorporation of advanced sequencing systems by Q2 Solutions, highlight the ongoing efforts to innovate and improve laboratory logistics services.

Explore More

Laboratory Logistics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS & DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Market Drivers

        1. 1.2.1.1 Development of Healthcare Industry

        2. 1.2.1.2 Growing Reliability of Trnasportation Industry

      2. 1.2.2 Market Restraints

        1. 1.2.2.1 Increased Competition Hampering Market Value

      3. 1.2.3 Market Opportunities

    3. 1.3 Value Chain / Supply Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Technological Snapshot

    6. 1.6 Government Regulations & Key Initiatives

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Services

      1. 2.1.1 Transportation

      2. 2.1.2 Storage

      3. 2.1.3 Value Added Services

    2. 2.2 By End User

      1. 2.2.1 Medical Laboratory

      2. 2.2.2 Biology Laboratory

      3. 2.2.3 Other End Users

    3. 2.3 By Region

      1. 2.3.1 North America

      2. 2.3.2 South America

      3. 2.3.3 Europe

      4. 2.3.4 Asia-Pacific

      5. 2.3.5 Middle East and Africa

Laboratory Logistics Market Size FAQs

The Laboratory Logistics Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)

Q2 solutions, Yourway, Intertek, CSM and LabConnect are the major companies operating in the Laboratory Logistics Market.

Laboratory Logistics Market Report Snapshots

Laboratory Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024-2029)