Pipettes, Pipettors, And Accessories Market, 2024 The pipettes, pipettors, and accessories global market report 2024
Market Size – The pipettes, pipettors, and accessories market size has grown strongly in recent years. It will grow from $2.92 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to rising demand for precision in laboratory experiments led to increased adoption of advanced pipettes and pipettors, increasing focus on pharmaceutical and biotechnology research spurred the use of high-quality pipetting tools, growing emphasis on laboratory automation drove the need for reliable pipetting equipment, rising investment in research and development across various sectors boosted the market for pipettes and accessories and increasing prevalence of chronic diseases and a focus on drug development accelerated the use of precise pipetting tools.
The pipettes, pipettors, and accessories market size is expected to see strong growth in the next few years. It will grow to $3.88 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increased integration of digital technologies in pipettes for enhanced accuracy and data tracking, growing preference for multi-channel pipettes to streamline high-throughput screening processes, rising trend towards eco-friendly and sustainable pipette designs to address environmental concerns, increased focus on personalized medicine and genomics will drive the need for precise pipetting solutions and rising investments in healthcare and research infrastructure will support the growth of the pipettes and pipettors market. Major trends in the forecast period include the development of ergonomic pipettes designed to reduce user strain and improve ease of use, the emergence of smart pipettes with built-in sensors for real-time monitoring and precision enhancement, advancements in pipette technology, growing adoption of laboratory automation systems and expansion of pharmaceutical and biotechnology industries is anticipated to fuel market growth.
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Scope Of Pipettes, Pipettors, And Accessories MarketThe Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pipettes, Pipettors, And Accessories Market Overview
Market Drivers -The increasing number of laboratories is expected to propel the growth of the pipettes, pipettors, and accessories market going forward. Laboratories are specialized environments where scientific research, experiments, and tests are conducted using controlled conditions and precise equipment to advance knowledge and analyze data. The number of laboratories is rising due to the increasing demand for scientific research, diagnostic testing, and advanced medical treatments. Pipettes are used in laboratories to accurately measure and transfer small volumes of liquids, which is essential for precise experiments, sample preparation, and reagent mixing. For instance, in June 2023, according to the Department of Health and Social Care, a UK-based governmental department, the government is investing £2.3 billion ($2.95 billion) to improve diagnostic services, with 108 community diagnostic centers (CDCs) operational in 2023 and 41 more planned, which is a significant step towards meeting the commitment to establish 160 CDCs by March 2025. These will provide capacity for more than 742,000 extra tests a year once fully operational, bolstering access to care. The pipettes, pipettors, and accessories market was valued at approximately $2 billion in 2023 and is projected to reach around $2.2 billion in 2024, further increasing to an estimated $2.6 billion by 2028. Therefore, the increasing number of laboratories is driving the growth of the pipettes, pipettors, and accessories market.
Market Trends – Major companies operating in the pipettes, pipettors, and accessories market are focusing on developing innovative products such as large-volume pipette tips to sustain their position in the market. Large-volume pipette tips are specialized attachments for pipettes designed to handle and dispense larger quantities of liquid, typically ranging from several milliliters to tens of milliliters, providing precision and efficiency in high-volume liquid handling tasks. For instance, in July 2024, GenFollower Biotech Co. Ltd., a China-based laboratory equipment company, introduced its 5 ml large-volume pipette tips featuring enhanced clarity and improved accuracy. The tips offer a high degree of transparency, enabling users to view liquid levels clearly, and are designed with high-quality graduations for precise measurement. These advancements aim to improve laboratory efficiency and reduce errors.
The pipettes, pipettors, and accessories market covered in this report is segmented –
1) By Product Type: Pipettes, Pipettors, Accessories
2) By Material: Glass, Plastic, Stainless Steel
3) By Volume Capacity: Fixed-Volume, Variable-Volume, Multi-Channel
4) By End User: Hospitals, Laboratories, Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Other End-Users
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Regional Insights – North America was the largest region in the pipettes, pipettors, and accessories market in 2023. The regions covered in the pipettes, pipettors, and accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Thermo Fisher Scientific Inc., Corning Incorporated, Avantor Inc., Sartorius AG, Mettler Toledo International Inc., Integra Biosciences AG, Eppendorf AG, Hamilton Company, IKA-Werke GmbH & Co. KG, Gilson Inc., DWK Life Sciences, Accumax Lab Devices Pvt. Ltd., BRAND GMBH + CO KG, AHN Biotechnologie GmbH, Microlit Industries Private Limited, Socorex Isba SA, Kartell S.p.A., OHAUS Corporation, CAPP ApS, Scilogex LLC, Nichiryo Co. Ltd.
Table of Contents 1. Executive Summary2. Pipettes, Pipettors, And Accessories Market Report Structure3. Pipettes, Pipettors, And Accessories Market Trends And Strategies4. Pipettes, Pipettors, And Accessories Market – Macro Economic Scenario5. Pipettes, Pipettors, And Accessories Market Size And Growth…..27. Pipettes, Pipettors, And Accessories Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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