The pipettes and accessories global market report 2024 from 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.
Pipettes And Accessories Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The pipettes and accessories market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to increased demand for precise laboratory instruments, growth in pharmaceutical research, rise in prevalence of chronic diseases, increased need for high-throughput screening, increased demand for precise liquid handling, increased funding for life sciences, and expansion of clinical and diagnostic labs.
The pipettes and accessories market size is expected to see strong growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to increasing demand for precision in laboratory research, growing clinical diagnostics, rising focus on environmental testing, expanding biopharmaceutical R&D, growing investment in life sciences, and rising demand for personalized medicine. Major trends in the forecast period include increasing demand for automated liquid handling systems, advancements in ergonomic designs, rising adoption of electronic pipettes, expanding use of multi-channel pipettes in high-throughput screening, development of eco-friendly and recyclable pipette tips, and integration of IoT and AI for enhanced laboratory efficiency.
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Scope Of Pipettes And Accessories Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pipettes And Accessories Market Overview
Market Drivers –
The expansion of pharmaceutical companies is expected to propel the growth of the pipette and accessories market going forward. Pharmaceutical industry encompasses the field of the economy primarily dedicated to researching, developing, manufacturing, and selling drugs or medications utilized for medical treatment or therapy. The pharmaceutical industry is growing due to growing cases of chronic diseases, advancements in research and technology, and healthcare reforms leading to higher expenditures in healthcare. Pipettes and accessories are designed to measure and transfer precise volumes of liquids, which is crucial in pharmaceutical processes such as drug formulation, sample preparation, and analytical testing. For instance, according to the European Federation of Pharmaceutical Industries and Associations, the total pharmaceutical market value at ex-factory prices has reached €2,360,90 million ($256867.10) in 2020 and is expected to reach €2,55,000 million ($277441.27)in 2021. Therefore, the expansion of pharmaceutical companies is driving the growth of the pipette and accessories market.
Market Trends –
Major companies operating in the pipettes and accessories market are developing innovative products with advanced technologies, such as Bluetooth connectivity technology, to streamline workflows and enhance data management capabilities. Bluetooth connectivity technology in electronic pipettes allows pipette devices to integrate seamlessly with various laboratory software and systems, enabling efficient data transfer, real-time data sharing, and streamlined workflows. For instance, in September 2023, Sartorius AG, a Germany-based pharmaceutical and laboratory equipment manufacturing and supplier company, launched the Picus 2 electronic pipettes. The Picus 2 electronic pipettes are equipped with Bluetooth connectivity, allowing users to connect to the Sartorius Pipetting mobile app and integrate with other existing systems. The pipettes are designed for effortless pipetting, are lightweight and streamlined, and offer advanced features such as customizable programs, safety features, and easy cleaning.
The pipettes and accessories market covered in this report is segmented –
1) By Type: Manual Pipettes, Electronic Pipettes, Accessories
2) By Channel Type: Single Channel, Multi-Channel
3) By Application: Hospitals, Academic And Research Institute, Pharmaceutical And Biotechnology Companies, Other Applications
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Regional Insights –
North America was the largest region in the pipettes and accessories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pipettes and accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the pipettes and accessories market are Thermo Fisher Scientific Inc., Corning Incorporated, VWR International LLC, Mettler Toledo, Bio-Rad Laboratories Inc., Eppendorf SE, Sarstedt AG & Co. KG, Hamilton Company, Greiner Bio-One International GmbH, Cole-Parmer Instrument Company LLC, Biotix Inc., Integra Biosciences AG, Gilson Incorporated, Brand GMBH + CO KG, Socorex ISBA SA, Ajanta Export Industries, Microlit, Heathrow Scientific, Vistalab Technologies Inc., Capp, Oxford Lab Products, Nichiryo Co. Ltd., Phoenix Instruments, Agilent Technologies Inc., Kartell Labware
Table of Contents
1. Executive Summary
2. Pipettes And Accessories Market characterstics
3. Pipettes And Accessories Market Trends And Strategies
4. Pipettes And Accessories Market – Macro Economic Scenario
5. Global Pipettes And Accessories Market Size And Growth
…..
32. Global Pipettes And Accessories Market Competitive Benchmarking
33. Global Pipettes And Accessories Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pipettes And Accessories Market
35. Pipettes And Accessories Market Future Outlook and Potential Analysis
36. Appendix
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