The pipette global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Market Size –
The pipette market size has grown steadily in recent years. It will grow from $1.60 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to rising demand for high-precision liquid handling in research laboratories, increasing focus on drug development and pharmaceutical research, growing adoption of automated liquid handling systems in laboratories, rising prevalence of chronic diseases, driving research activities and increasing government funding for life sciences research.
The pipette market size is expected to see steady growth in the next few years. It will grow to $1.99 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to continuous technological advancements in pipette design and functionality, expanding biotechnology and pharmaceutical industries, increasing investments in research and development activities, growing focus on precision medicine and personalized healthcare, and rising demand for high-throughput screening in drug discovery. Major trends in the forecast period include the integration of smart and digital technologies in pipette systems, increased adoption of eco-friendly and sustainable pipette materials, growing preference for ergonomic and user-friendly pipette designs, expansion of pipette applications in genomics and proteomics research, and rising trend of outsourcing pipette calibration and maintenance services.
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Scope Of Pipette Market
The Business Research Company’s reports encompass a wide range of information, including:
Pipette Market Overview
Market Drivers –
The rising numbers of clinical trials are expected to propel the growth of the pipette market going forward. Clinical trials are research studies conducted to evaluate the safety, efficacy, and optimal use of new medical treatments or interventions in human participants. The number of clinical trials is increasing due to heightened investment in pharmaceutical research and development and the growing need for new treatments and therapies. Pipettes are crucial in clinical trials for their precise and accurate measurement and transfer of liquids, which is critical for obtaining reliable experimental results. For instance, in November 2023, according to the Association of the British Pharmaceutical Industry, a UK-based trade association, the total number of clinical trials initiated in the UK increased marginally by 4.3% from 394 trials in 2021 to 411 trials in 2022. The pipette market was valued at approximately $1.8 billion in 2023 and is projected to reach around $1.9 billion in 2024, further increasing to an estimated $2.3 billion by 2028. Therefore, the rising numbers of clinical trials are driving the growth of the pipette market.
Market Trends –
Major companies operating in the pipette market are focusing on developing innovative calibrated pipettes to gain a competitive advantage in the market. Calibrated pipettes are laboratory instruments that have been adjusted and verified to deliver precise and accurate volumes of liquid. For instance, in September 2022, Microlit, an India-based laboratory equipment company, introduced the Microlit NERO, a pipette featuring UniCal and Air technology. This product boasts unique features, including an ergonomic design for comfortable usage during extended periods and a high-resolution display for easy calibration adjustments. Additionally, the pipette incorporates a sophisticated calibration mechanism that significantly reduces user error, enhancing overall laboratory efficiency.
The pipette market covered in this report is segmented –
1) By Type: Air Displacement Pipettes, Positive Displacement Pipettes
2) By Category: Electronic, Manual
3) By Channel Type: Single Channel, Multi-Channel
4) By Volume Type: Adjustable Volume, Fixed Volume
5) By Application: Pharmaceutical Laboratories, Biotech Laboratories, Food And Beverage Laboratories, Forensics Laboratories, Other applications
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Regional Insights –
North America was the largest region in the pipette market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pipette 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
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List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Pipette Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Pipette Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Pipette Market, Segmentation By Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 76: Thermo Fisher Scientific Inc. Financial Performance
Table 77: Corning Incorporated Financial Performance
Table 78: Avantor Inc. Financial Performance
Table 79: Sartorius AG Financial Performance
Table 80: Mettler Toledo International Inc. Financial Performance
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