Pipettes Market - Forecast(2021 - 2026)

 

Overview

Pipettes market size in 2019, is $1,473 million and is projected to reach revenue of $1,843 million by 2025. Pipettes are used as a media dispenser to transfer liquids especially in laboratories. They are usually made of glass or plastic and used to dispense liquid in measurable amounts. Pipettes and its associated accessories come in a range of sizes and designs. They are used majorly in biotechnology and pharmaceutical applications. Pipettes are used to reduce the rate of contamination when tranferring materials and also to increase accuracy of sampling. 

Key Takeaways

·   The market is estimated to grow at a CAGR of 3.7% during the forecast period 2020-2025 due to increasing use in biotechnology and pharmaceutical applications.

·   Investments in developing anti-cancer therapies and drugs are driving the market as the use of pipettes are high. Pipettes market segments with major revenue share include Pharmaceutical laboratories applications, and North America.

Application - Segment Analysis

Based on the application, the Pipettes market is dominated by the Pharmaceutical laboratories segment which is growing at a CAGR of 3%. This is because of the rising investment by governments in development of drugs for various chronic diseases and to develop treatment for cancer. The increasing investments reflect on an increase in use of medical equipment in these laboratories. Thus increased use of pipettes ensure dominance of pharmaceutical laboratories segment in the Pipettes market.

Geography - Segment Analysis

North America accounts for 30% of the Pipettes market share in 2019. This is due to the prominence of this region in healthcare research and facilities. Also investments in research for biotechnology and microbiology applications are said to contribute to the dominance of this region.

Pipettes Market Drivers 

·         Rising demand in molecular biology

Investments in various cancer treatment methods have increased the amount of research being done in molecular biology and other healthcare sectors. This increases the use and demand for various laboratory equipment. Hence the demand for pipettes also rises and drives the growth of its market.

·         Improved designs that expand scope

The introduction of multichannel and multi-stepper pipettes is contributing to the pipettes market. They offer wider scope to the use of pipettes and improve the accuracy of procedure. Improved designs also offer better safety during the laboratory procedures by eliminating risk of contact with harmful chemicals. Now designs even prevent cross contamination such as, the micropipette, which uses disposable pipette tips that are changed during each sampling.

Pipettes Market Challenges

·         High cost of electronic pipettes in developing countries

Developing countries still tend to use traditional pipettes. This is due to the high cost and investment required to switch to electronic pipettes. Lack of sufficient domestic manufacturer of electronic pipettes is likely to restrain the market in developing nations.

Pipettes Industry Outlook

Various research activities, collaborations and partnerships are the key strategies adopted by players in the Pipettes market. Pipettes top 10 companies are Thermo Fisher Scientific, Hamilton Company, Lab Depot Inc., Denville Scientific, Inc., Sartorius AG, Integra Biosciences AG., Eppendorf AG, Labcon, Mettler Toledo, Sarstedt AG.

Pipettes Market Research Scope:

The base year of the study is 2019, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Pipettes Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

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