PUBLISHER: The Business Research Company | PRODUCT CODE: 1582566
PUBLISHER: The Business Research Company | PRODUCT CODE: 1582566
A pipette is a laboratory tool used to transfer a specific volume of liquid, frequently serving as a media dispenser. Pipettes are available in different designs, such as manual and electronic, and are widely utilized in biology, chemistry, and medical labs for tasks that demand precise and accurate liquid handling.
The primary types of pipettes are air displacement pipettes and positive displacement pipettes. Air displacement pipettes are designed to measure and transfer liquids accurately by creating an air cushion between the liquid and the piston. These pipettes are widely used in research and clinical settings because of their precision. They are available in electronic and manual versions and come in various channel types, including single channel and multi-channel. They also offer adjustable or fixed volume options and are utilized in pharmaceutical, biotechnology, food and beverage, forensic laboratories, and other fields.
The pipette market research report is one of a series of new reports from The Business Research Company that provides pipette market statistics, including pipette industry global market size, regional shares, competitors with an pipette market share, detailed pipette market segments, market trends, and opportunities, and any further data you may need to thrive in the pipette industry. This pipette 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 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 during the historic period can be attributed to the increasing demand for high-precision liquid handling in research laboratories, a heightened focus on drug development and pharmaceutical research, greater adoption of automated liquid handling systems in labs, a rise in chronic disease prevalence driving research efforts, 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 anticipated growth during the forecast period can be attributed to ongoing technological advancements in pipette design and functionality, the expanding biotechnology and pharmaceutical industries, increased investments in research and development, a growing emphasis on precision medicine and personalized healthcare, and a rising demand for high-throughput screening in drug discovery. Key trends expected in the forecast period include the integration of smart and digital technologies into pipette systems, a greater adoption of eco-friendly and sustainable pipette materials, a growing preference for ergonomic and user-friendly pipette designs, an expansion of pipette applications in genomics and proteomics research, and an increasing trend toward outsourcing pipette calibration and maintenance services.
The increasing number of clinical trials is expected to drive the growth of the pipette market moving forward. Clinical trials are research studies aimed at assessing the safety, efficacy, and optimal use of new medical treatments or interventions in human participants. The rise in clinical trials is attributed to greater investment in pharmaceutical research and development and the growing demand for new treatments and therapies. Pipettes play a crucial role in clinical trials by providing precise and accurate measurement and transfer of liquids, which is essential for obtaining reliable experimental results. For example, in November 2023, the Association of the British Pharmaceutical Industry reported a slight increase in the total number of clinical trials initiated in the UK, rising by 4.3% from 394 trials in 2021 to 411 trials in 2022. Consequently, the growing number of clinical trials is contributing to the expansion of the pipette market.
Key companies in the pipette market are concentrating on developing innovative calibrated pipettes to gain a competitive edge. Calibrated pipettes are laboratory tools that have been adjusted and verified to provide precise and accurate liquid volumes. For example, in September 2022, Microlit, a laboratory equipment company based in India, launched the Microlit NERO. This pipette features UniCal and Air technology and offers unique benefits such as an ergonomic design for comfortable use during extended periods and a high-resolution display for easy calibration adjustments. Additionally, it includes an advanced calibration mechanism that minimizes user error and improves overall laboratory efficiency.
In March 2022, CELLTREAT Scientific Products LLC, a laboratory equipment provider based in the US, acquired Vistalab Technologies Inc. for an undisclosed sum. This acquisition enables CELLTREAT to expand its product range by incorporating advanced liquid handling solutions, thus establishing a more complete source for high-quality laboratory products. Vistalab Technologies Inc., also a US-based company, specializes in manufacturing liquid handling products, including pipettes, for research and clinical laboratories.
Major companies operating in the pipette 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.
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.
The countries covered in the pipette market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pipette market consists of sales of manual pipette controllers, electronic pipette controllers, pipette tips, and pipette accessories. 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.
Pipette 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 pipette 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 pipette ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pipette 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.