PUBLISHER: The Business Research Company | PRODUCT CODE: 1578755
PUBLISHER: The Business Research Company | PRODUCT CODE: 1578755
Mechanical pipettes are precision instruments used in laboratories to measure and transfer small liquid volumes. They function with a manual plunger mechanism that aspirates and dispenses liquid, providing accurate and consistent measurements. Widely employed in scientific and medical research, mechanical pipettes are crucial for tasks that demand high precision and reliability.
The primary types of mechanical pipettes are single-channel pipettes and multi-channel pipettes. A single-channel pipette is a laboratory tool designed to transfer a specific volume of liquid through a single channel. These pipettes are manufactured either in-house or by contract manufacturing organizations (CMOs) and are utilized in a range of applications, including biological and chemical processes, among others.
The mechanical pipettes market research report is one of a series of new reports from The Business Research Company that provides mechanical pipettes market statistics, including mechanical pipettes industry global market size, regional shares, competitors with an mechanical pipettes market share, detailed mechanical pipettes market segments, market trends, and opportunities, and any further data you may need to thrive in the mechanical pipettes industry. This mechanical pipettes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mechanical pipettes market size has grown strongly in recent years. It will grow from $1.24 billion in 2023 to $1.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth observed during the historic period can be linked to several factors, the increasing demand for precise liquid handling in laboratories, a heightened emphasis on research and development in biotechnology, a growing need for dependable pipetting solutions in clinical diagnostics, an expanding use of mechanical pipettes in academic institutions, and rising investments in pharmaceutical research activities.
The mechanical pipettes market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The projected growth can be attributed to several factors, advancements in pipetting technology that enhance precision and efficiency, a rise in genetic and genomic research activities, increased adoption of automated and digital pipetting systems, expansion of laboratory infrastructure in emerging economies, and government funding and grants for life science research. Major trends during this period include technological improvements in electronic pipettes that enhance user experience, a growing preference for ergonomically designed pipettes to minimize user fatigue, increased use of multichannel pipettes for high-throughput applications, expansion of pipette calibration services to ensure accuracy and compliance, and the development of sustainable and eco-friendly pipetting solutions.
The anticipated growth of the mechanical pipettes market is expected to be driven by the rising demand for personalized medicine. This approach customizes medical treatment based on individual characteristics such as genetics, lifestyle, and environment, aiming to enhance therapeutic effectiveness and minimize adverse effects. The surge in demand for personalized medicine is fueled by advancements in genomics and biotechnology and a growing acknowledgment of its potential to improve treatment outcomes and reduce side effects. Mechanical pipettes play a crucial role in personalized medicine, providing precise liquid handling for genetic testing, biomarker analysis, and the preparation of individualized treatment solutions. For example, in February 2024, the Personalized Medicine Coalition, a US-based non-profit, reported that the FDA approved 16 new personalized therapies for rare diseases in 2023, up from six in 2022. Consequently, the growing demand for personalized medicine is expected to drive the expansion of the mechanical pipettes market.
Leading companies in the mechanical pipettes market are concentrating on technological innovations, such as trilock volume locking systems, to gain a competitive edge. The trilock volume locking system provides precise control over pipette volume settings through three distinct modes, free adjustment, light ratchet adjustment, and a fully locked position for secure pipetting. For example, in June 2022, Gilson Incorporated, a US-based laboratory product manufacturer, introduced the MyPIPETMAN with new technical and customizable features. The latest MyPIPETMAN mechanical pipettes come in two main models, MyPIPETMAN Select and MyPIPETMAN Enterprise. MyPIPETMAN Select is a globally available catalog pipette, designed with a lightweight and well-balanced build, and a textured handle for improved grip. It features patented advancements such as reduced pipetting forces, lower tip ejection forces, and the innovative Trilock system. This model also includes unique features such as text printing directly on the pipette for easy identification and a secure lock system to prevent accidental volume changes.
In April 2022, Advanced Instruments LLC, a US-based provider of analytical instruments, consumables, and test kits, acquired Artel LLC for $140 million. This acquisition is intended to improve laboratory workflows, boost productivity, and ensure global compliance, in line with Advanced Instruments' strategy to advance technologies in the clinical, biopharma, and food and beverage sectors. Artel LLC, also based in the US, specializes in mechanical pipette systems.
Major companies operating in the mechanical pipettes 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, Vistalab Technologies Inc., CAPP ApS, Scilogex LLC, Nichiryo Co. Ltd.
North America was the largest region in the mechanical pipettes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mechanical pipettes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mechanical pipettes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mechanical pipettes market consists of sales of fixed-volume pipettes, variable-volume pipettes, and repeat pipettes. 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.
Mechanical Pipettes 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 mechanical pipettes 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 mechanical pipettes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mechanical pipettes 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.