What is the present valuation and projected CAGR of the pipettes and accessories market?
The pipettes and accessories market size has grown strongly in recent years. It will grow from $1.42 billion in 2024 to $1.5 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. 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 $1.82 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. 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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Which Market drivers have played a significant role in driving the pipettes and accessories market?
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, in July 2024, according to the GOV.UK, the value of UK pharmaceutical exports has recovered, with notably higher values in 2022 and 2023 compared to 2021.Therefore, the expansion of pharmaceutical companies is driving the growth of the pipette and accessories market.
What are the key segments within the pipettes and accessories market?
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
Subsegments:
1) By Manual Pipettes: Single-Channel Manual Pipettes, Multi-Channel Manual Pipettes, Adjustable Volume Manual Pipettes, Fixed Volume Manual Pipettes
2) By Electronic Pipettes: Single-Channel Electronic Pipettes, Multi-Channel Electronic Pipettes, Digital Electronic Pipettes, Programmable Electronic Pipettes
3) By Accessories: Pipette Tips, Pipette Calibration Tools, Pipette Stands And Holders, Pipette Servicing And Maintenance Kits, Pipette Filters
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Which key players are shaping the pipettes and accessories market?
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
Which transformative trends will shape the pipettes and accessories market landscape?
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.
How do regional factors impact the pipettes and accessories market, and which region is the largest contributor?
North America was the largest region in the pipettes and accessories market in 2024. 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.
What Does The Pipettes And Accessories Market Report 2025 Offer?
The pipettes and accessories market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Pipettes and accessories refer to a range of laboratory tools and supplementary items designed for precise measurement, transfer, and handling of liquid samples. Pipettes are devices used to draw up and dispense specific volumes of liquid, critical for experiments in biological, chemical, and medical research. Accessories enhance the functionality and accuracy of pipettes.
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