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The Georgia laboratory equipment and services market is a growing sector driven by the country's expanding healthcare and life sciences industries. The market is expected to reach a value of USD 100 million by 2025, with a CAGR of 10%. This growth is being fueled by factors such as increasing government funding for research and development, rising demand for quality diagnostic services, and stringent regulatory standards.
The Georgian government is a major purchaser of laboratory equipment and services. In 2022, the government spent USD 20 million on laboratory equipment and services. The government's procurement is primarily focused on equipment and services for clinical and diagnostic laboratories, academic and research institutions, and environmental testing laboratories.
The main laboratory equipment and services products and services procured by the Georgia government include:
Analytical instruments
Laboratory consumables
Calibration and validation services
Maintenance and repair services
Training and consultancy services
The top authorities for Georgia laboratory equipment and services procurement are:
Ministry of Health
Ministry of Education and Science
National Environmental Protection Agency
Food Safety Agency
The top winners of Georgia laboratory equipment and services procurement are:
Bio-Vet, specializing in veterinary lab equipment, and Caucasus Scientific, offering a range of analytical instruments, are making their mark.
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