Global laboratory equipment services market to reach $62.83B by 2035 with 8% CAGR, driven by R&D and regulatory demands

The global laboratory equipment services market, valued at $28.94 billion in 2025, is projected to grow to $62.83 billion by 2035 at an 8% CAGR. Growth is fueled by increased R&D investments, stricter regulatory compliance, and expanding biopharma and diagnostic sectors. Technological advances like IoT-enabled predictive maintenance and outsourcing trends also boost market expansion. North America leads the market, while Asia Pacific shows the fastest growth due to rising healthcare infrastructure and clinical trials.