The pipettes market size in 2021 stood at US$ 1.52 billion and is projected to reach US$ 2.25 billion by 2031 from US$ XX billion in 2023. The market is expected to register a CAGR of 4.2% in 2023–2031. Technological advancement in pipette, such as automation and digitization is likely to remain key pipettes market trends.
The development of ergonomic, user-friendly designs, as well as the use of novel materials, improves pipettes' overall performance. Furthermore, the growth of the biotechnology and pharmaceutical industries, as well as increased clinical trials and collaborations with research institutions and laboratories, are driving up demand for pipettes, as these industries rely heavily on precise liquid handling for drug discovery and development.
Pipettes have diverse applications, from life science research to genetic testing. A pipette is one of the most fundamental equipment found in every laboratory. These are often made of glass or plastic and used to dispense liquid in precise volumes. Pipettes and their associated accessories come in a variety of sizes and styles. With the advancement in research techniques, the laboratories aspire to achieve the highest standards of testing and experiment performance. This, in turn, has led to launch of various new pipette designs with better performances for volumetric measurements.
Pipettes play an important role in molecular biology because measurements must be exact and error-free, which can only be achieved with pipettes. With increased spending on research and the study of cancer treatment options, the amount of research in molecular biology has grown tremendously. This increase in demand is boosting the use of pipettes in laboratories and the need for other laboratory equipment.
As the global healthcare system recovered from the pandemic, the biopharmaceutical industry has resumed pre-COVID-19 levels of investment, pipeline activity, and innovative product launches, following record-breaking levels in 2020 and 2021. For instance, US medical and health research and development (R&D) investment totaled US$ 245.1 billion in 2020, up 11.1% from 2019. Furthermore, UK corporations' spending on pharmaceutical research in 2020 was US$ 6.5 billion (£5 billion). In March 2022, the UK government announced that the R&D budget year 2022-25 would be US$ 53.3 billion (£39.8 billion).
Key segments that contributed to the derivation of the pipettes market analysis are type, category, channel type, volume type, and application.
The geographic scope of the Pipettes Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the Pipettes Market. The growth of the market in the North America is estimated to grow due to factors such as growing pharmaceutical and biotechnology market, growing research and development, increased outsourcing of the research and development and manufacturing of the drug, and increasing clinical and diagnostics research. Also, the growth in the United States is determined due to increased drug approvals across the country.
The regional trends and factors influencing the Pipettes Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pipettes Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1.52 Billion |
| Market Size by 2031 | US$ 2.25 Billion |
| Global CAGR (2023 - 2031) | 4.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Pipettes Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Pipettes Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The pipettes market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for pipettes:
The “Pipettes Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: