PUBLISHER: The Business Research Company | PRODUCT CODE: 1527094
PUBLISHER: The Business Research Company | PRODUCT CODE: 1527094
Pipettes and accessories encompass a range of laboratory tools and supplementary items designed for the precise measurement, transfer, and handling of liquid samples. Pipettes are devices crucial for drawing up and dispensing specific volumes of liquid, essential for experiments in biological, chemical, and medical research. Accessories are supplementary tools that enhance the functionality and accuracy of pipettes.
The main types of pipettes and accessories include manual pipettes, electronic pipettes, and various accessories. Manual pipettes are handheld laboratory instruments used for precise measurement and transfer of liquid volumes without electronic components. They are available in single-channel and multi-channel configurations and are utilized in hospitals, academic and research institutes, pharmaceutical and biotechnology companies, and other settings.
The pipettes and accessories market research report is one of a series of new reports from The Business Research Company that provides pipettes and accessories market statistics, including the pipettes and accessories industry global market size, regional shares, competitors with pipettes and accessories market share, detailed pipettes and accessories market segments, market trends, and opportunities, and any further data you may need to thrive in the pipettes and accessories industry. These pipettes and accessories market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 during the historic period can be attributed to several factors, increased demand for precise laboratory instruments, growth in pharmaceutical research, rise in the 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 several factors, increasing demand for precision in laboratory research, growing clinical diagnostics, a rising focus on environmental testing, expanding biopharmaceutical research and development (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.
The growth of pharmaceutical companies is expected to drive the expansion of the pipette and accessories market in the future. The pharmaceutical industry encompasses activities focused on researching, developing, manufacturing, and selling drugs or medications used for medical treatment. This industry is experiencing growth due to the increasing prevalence of chronic diseases, advancements in research and technology, and healthcare reforms leading to higher healthcare expenditures. Pipettes and accessories play a crucial role in pharmaceutical processes by measuring and transferring precise volumes of liquids, essential for tasks such as drug formulation, sample preparation, and analytical testing. For example, the European Federation of Pharmaceutical Industries and Associations reported that the total pharmaceutical market value at ex-factory prices reached €2,360,90 million ($256867.10) in 2020 and is projected to reach €2,55,000 million ($277441.27) in 2021, highlighting the growth trajectory of the pharmaceutical industry driving the pipette and accessories market.
Key players in the pipettes and accessories market are focusing on developing innovative products with advanced technologies, including Bluetooth connectivity, to streamline workflows and improve data management capabilities. Bluetooth connectivity technology enables electronic pipettes to seamlessly integrate with laboratory software and systems, facilitating efficient data transfer, real-time data sharing, and streamlined workflows. For instance, Sartorius AG launched the Picus 2 electronic pipettes in September 2023, equipped with Bluetooth connectivity for connectivity to the Sartorius Pipetting mobile app and other systems. These pipettes offer features such as customizable programs, safety measures, and easy cleaning, designed for effortless pipetting and enhanced user experience.
In March 2022, CELLTREAT Scientific Products acquired VistaLab Technologies, enhancing its position as a leading provider of laboratory plastic consumables and expanding its distribution reach. This acquisition allows CELLTREAT to offer a comprehensive range of solutions for research advancement, fostering innovation, and providing superior offerings, distribution, and support to the lab research sector. VistaLab Technologies specializes in manufacturing pipettes and accessories, including ergonomic ovation pipettes.
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
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.
The countries covered in the pipettes and accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pipettes and accessories market consists of sales of pipette tips, stands and racks, calibration kits, cleaning kits, and charging stands. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pipettes And Accessories Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pipettes and accessories market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pipettes and accessories ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pipettes and accessories market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.