The global laboratory equipment market is witnessing significant growth, driven by technological advancements, increasing research activities, and expanding healthcare infrastructure. The growing need for precision instruments in scientific research, diagnostics, and pharmaceutical development is fueling market expansion worldwide. According to DataIntelo, the global laboratory equipment market is projected to exceed USD 65 billion by 2032, growing at a CAGR of 6.2% from 2024 to 2032. Increased government funding for R&D, coupled with a surge in biotechnology and pharmaceutical research, is expected to drive market demand.