NAICS Code 423490-12 - Laboratory Equipment & Supplies (Wholesale)

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NAICS Code 423490-12 Description (8-Digit)

Laboratory Equipment & Supplies (Wholesale) involves the distribution of equipment and supplies used in laboratory settings. These products are used in a variety of industries, including healthcare, research, education, and manufacturing. The industry provides a range of products that are essential for laboratory operations, including glassware, chemicals, instruments, and equipment.

Hierarchy Navigation for NAICS Code 423490-12

Tools

Tools commonly used in the Laboratory Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.

  • Microscopes
  • Pipettes
  • Centrifuges
  • Spectrophotometers
  • Incubators
  • Autoclaves
  • Balances
  • PH meters
  • Hot plates
  • Magnetic stirrers
  • Lab refrigerators and freezers
  • Water baths
  • Lab ovens
  • Lab shakers
  • Lab safety equipment
  • Lab filtration systems
  • Lab pumps
  • Lab timers
  • Lab scales

Industry Examples of Laboratory Equipment & Supplies (Wholesale)

Common products and services typical of NAICS Code 423490-12, illustrating the main business activities and contributions to the market.

  • Glassware
  • Chemicals
  • Lab coats
  • Gloves
  • Test tubes
  • Beakers
  • Petri dishes
  • Microplates
  • Syringes
  • Needles
  • Thermometers
  • PH indicators
  • Buffers
  • Solvents
  • Reagents
  • Enzymes
  • Antibodies
  • Cell culture media
  • PCR reagents
  • Electrophoresis equipment

Certifications, Compliance and Licenses for NAICS Code 423490-12 - Laboratory Equipment & Supplies (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • Good Manufacturing Practice (GMP): This certification ensures that the company follows specific guidelines for the manufacturing and testing of products to ensure their safety and quality. It is provided by the US Food and Drug Administration (FDA).
  • National Environmental Laboratory Accreditation Program (NELAP): This certification ensures that the laboratory meets specific environmental testing standards. It is provided by the National Environmental Laboratory Accreditation Program (NELAP).
  • Occupational Safety and Health Administration (OSHA) Hazard Communication Standard: This certification ensures that the company has a program in place to communicate information about hazardous chemicals to employees. It is provided by the US Department of Labor.
  • National Institute Of Standards and Technology (NIST) Calibration: This certification ensures that the laboratory's equipment is calibrated to meet specific standards. It is provided by the National Institute of Standards and Technology (NIST).

History

A concise historical narrative of NAICS Code 423490-12 covering global milestones and recent developments within the United States.

  • The Laboratory Equipment & Supplies (Wholesale) industry has a long history dating back to the 19th century when the first scientific equipment manufacturers emerged. The industry has since grown to become a vital part of the scientific community, providing essential equipment and supplies to laboratories worldwide. Notable advancements in the industry include the development of new technologies such as microscopes, spectrometers, and chromatographs, which have revolutionized scientific research. In recent history, the industry has seen significant growth due to the increasing demand for scientific research and development. The United States has been at the forefront of this growth, with many of the world's leading scientific research institutions located in the country.

Future Outlook for Laboratory Equipment & Supplies (Wholesale)

The anticipated future trajectory of the NAICS 423490-12 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The laboratory equipment and supplies wholesale industry in the USA is expected to experience steady growth in the coming years. The increasing demand for research and development in various fields such as healthcare, biotechnology, and pharmaceuticals is driving the growth of the industry. Additionally, the rise in the number of research and testing laboratories, as well as the increasing focus on quality control and assurance, is expected to further boost the demand for laboratory equipment and supplies. The industry is also expected to benefit from the increasing adoption of automation and digitization in laboratories, which is expected to improve efficiency and reduce costs. However, the industry may face challenges such as increasing competition and the impact of the COVID-19 pandemic on supply chains and demand.

Industry Innovations for NAICS Code 423490-12

Recent groundbreaking advancements and milestones in the Laboratory Equipment & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Automated Liquid Handling Systems: These systems are designed to automate the process of pipetting, which is a time-consuming and error-prone task in laboratories. They are equipped with advanced software and robotics that can handle large volumes of samples with high precision and accuracy.
  • 3D Printing Of Laboratory Equipment: 3D printing technology is being increasingly used to produce laboratory equipment and supplies. This technology allows for the production of complex and customized equipment that is not possible with traditional manufacturing methods.
  • Smart Lab Equipment: Smart lab equipment is equipped with sensors and software that can monitor and control various parameters such as temperature, humidity, and pressure. This technology can improve the accuracy and reproducibility of experiments and reduce the risk of errors.
  • Cloud-Based Laboratory Information Management Systems (LIMS): Cloud-based LIMS allow laboratories to manage and track samples, experiments, and data in real-time from anywhere. This technology can improve the efficiency and productivity of laboratories and reduce the risk of errors.
  • Portable and Handheld Laboratory Equipment: Portable and handheld laboratory equipment is designed to be lightweight and compact, making it easy to transport and use in the field. This technology is particularly useful for applications such as environmental monitoring and food safety testing.

NAICS Code 423490-12 - Laboratory Equipment & Supplies (Wholesale)

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