Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1099.47 Million | USD 1394.94 Million | 2.68% | 2023 |
According to a report from Zion Market Research, the global Pipettes And Accessories Market was valued at USD 1099.47 Million in 2023 and is projected to hit USD 1394.94 Million by 2032, with a compound annual growth rate (CAGR) of 2.68% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Pipettes And Accessories industry over the next decade.
The market for pipettes and accessories includes a broad range of precision instruments and auxiliary tools that are used for precise liquid measurement and transfer in scientific settings such as laboratories, research facilities, pharmaceutical firms, and other settings. The main product in this market segment are pipettes, which are portable instruments made to accurately and consistently dispense precise amounts of liquid. There are several varieties of pipettes available, such as electrical, positive, and air displacement, each designed for a particular volume range and use.
Accessories are essential for improving the performance and usefulness of pipettes. These attachments, which are made to assure compatibility, reduce contamination, and maximize throughput during liquid handling procedures, comprise tips, tubes, racks, and reservoirs, among other things. Furthermore,
calibration instruments and maintenance kits are necessary add-ons.
A number of important factors are driving the market for pipettes and accessories, such as the rise in R&D activity in the biotechnology and pharmaceutical sectors, the growing need for precise and repeatable liquid handling in diagnostic labs, and technological developments that spur the creation of novel pipetting solutions. In addition, strict legal requirements concerning the accuracy and dependability of laboratory data are driving up demand for high-performance pipettes and related equipment.
The report offers assessment and analysis of the Pipettes And Accessories market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2018 to 2023 along with a forecast from 2023 to 2032 based on revenue (USD Billion).
Pipettes & accessories are the lab devices utilized in proficient fluid transfer in medicine, biology, and chemistry domains. Apart from this, the product find large-scale applications in pharm and biotech sectors and this has created massive demand for the product in the recent years. In addition to this, lightweight pipettes allow volume adjustment in dispensing and possess adaptable tip design. Moreover, compatible accessories has assisted in enhancing pipette performance in biotech applications and this has resulted in massive growth of the market in the recent years.
A prominent surge in the research & development projects undertaken by pharma & biotech firms both in emerging economies and developed nations for developing new therapies for chronic ailments will result in huge demand for pipettes and accessories in the forthcoming years. In addition to this, huge funding for developing cancer treating drugs & treatments across the globe will catalyze the growth of pipettes and accessories market in the foreseeable future.
Apparently, the upsurge in the utilization of microplate pipettes in microassays will steer the expansion of market in the years to come. Additionally, the major role played by contract research organizations in developing new medicines has created new growth avenues for the market. Rise in demand for new therapeutics is likely to foster the product penetration in healthcare sector over the coming decade. However, high product costs, particularly in emerging countries, will put brakes on the market expansion. Nonetheless, the launching of multisteeper pipettes will generate new growth opportunities for the market, thereby reducing the negative impacts of the hindrances on the industry surge.
Report Attributes | Report Details |
---|---|
Report Name | Pipettes And Accessories Market |
Market Size in 2023 | USD 1099.47 Million |
Market Forecast in 2032 | USD 1394.94 Million |
Growth Rate | CAGR of 2.68% |
Number of Pages | 110 |
Key Companies Covered | Sartorius AG, Hamilton Company, Denville Scientific Inc., Lab Depot Inc., Integra Biosciences AG, and Thermo Fisher Scientific |
Segments Covered | By Type, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market in the sub-continent over the estimated timeline is due to large-scale medicine production in the region. In addition to this, rise in the pharma & biotech research activities in the countries like the U.S. and Canada will prompt the market growth in North America in the forthcoming years.
Key players profiled in the report-
By Type
By Application
By Region
FrequentlyAsked Questions
A prominent surge in the research & development projects undertaken by pharma & biotech firms both in emerging economies and developed nations for developing new therapies for chronic ailments will result in huge demand for pipettes and accessories in the forthcoming years.
According to a report from Zion Market Research, the global Pipettes And Accessories Market was valued at USD 1099.47 Million in 2023 and is projected to hit USD 1394.94 Million by 2032, with a compound annual growth rate (CAGR) of 2.68% during the forecast period 2024-2032.
North America will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Hamilton Company, Denville Scientific Inc., Integra Biosciences AG, Lab Depot Inc., Sartorius AG, and Thermo Fisher Scientific.
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