Lab Instruments: Investing in New Technology

Author: Trish Louderback

Bigger. Stronger. Faster. Those may be attributes John Lynch, General Manager of the San Francisco 49ers, looks for when deciding which player to draft at cornerback to compete with the Super Bowl Champion Los Angeles Ram’s wide receiver Cooper Kupp.

Smaller. Easier. Better. Those are the qualities laboratory managers and directors are searching for when it comes to their lab instruments and equipment.

According to ReportLinker’s Analytical Laboratory Instrument Global Market Report 20221, the laboratory instrument market is expected to grow 17.2 percent in 2022, from $92.2B in 2021 to $108.1B, and as high as $184.5B by 2026. The increase in spending is attributed to the post-COVID recovery, with businesses restructuring operations, people returning to the workplace, and organizations needing to be more competitive in a rebounding economy. All the while, labs will be looking for options that are smaller, easier, and better for their operations.