The Global Pipettes and Accessories Market, By Product Type (Manual Pipettes, Electronic Pipettes, and Accessories), by End User (Hospitals, Academic and Research Institute, Pharmaceutical and Biotechnology Companies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 1.3 billion in 2017 and is projected to exhibit a CAGR of 4.0% over the forecast period (2018 - 2026).
Pipettes are important laboratory tool used to handle measured volumes of liquids. Most clinical and research laboratories are equipped with manual or electronic pipettes for dispensing liquids. Increasing research and development initiatives for the development of novel drugs for diseases such as cancer, diabetes or cardiovascular disorders is expected to drive the pipettes and accessories market growth. According to the data published by the International Federation of Pharmaceutical Manufacturers & Associations, in 2015, over 6000 drug entities were in preclinical trial globally. Pipettes come in various designs including electronic and manual, as well as single-channel or multi-channel pipettes, designed for efficiency while working with varying dishes, plates, and tubes. Pipetting is often a repetitive task, therefore pipettes must be designed to minimize the risk of hand and upper limb stress. According to a research published by the National Center for Biotechnology Information (NCBI) in 1994, use of conventional pipettes for over 300 hours per year is associated with an increased risk of shoulder and hand infirmities. Key players in the market are focusing on offering new and efficient products for various cell cultures and experimental applications in order to enhance their market share. For instance, to address the ergonomic issues faced by laboratories, in 2011 Hamilton designed SoftGrip pipettes to minimize the amount of fatigue and discomfort typically experienced in pipetting. It reduces the risk factors related with the development of repetitive stress injuries such as carpal tunnel syndrome.
Browse 25 Market Data Tables and 27 Figures spread through 153 Pages and in-depth TOC on "Pipettes and Accessories Market, By Product Type (Manual Pipettes, Electronic Pipettes, and Accessories), by End User (Hospitals, Academic and Research Institute, Pharmaceutical and Biotechnology Companies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026"
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Key Takeaways of the Pipettes and Accessories Market:
- The global pipettes and accessories market is expected to witness a CAGR of 4.0% during the forecast period (2018–2026), owing to increasing biotechnology and pharmaceutical R&D activities coupled with increasing drug patent expirations. For instance, in November 2018, U.S. FDA stated its focus on improved outcomes and R&D across the biotech industry, due to over 25 upcoming patent expirations.
- Among product type, the electronic pipettes segment is expected to generate significant revenue in 2018. Electronic pipettes tend to be more ergonomic than manual pipettes due to less operator force required to plunge. It also reduces repetitive motion.
- Major players operating in the global pipettes and accessories market include, Thermo Fisher Scientific, Eppendorf AG, Hamilton Company, Mettler-Toledo International, Inc., Lab Depot Inc., Sartorius AG, BRAND GmbH + CO KG, Capp ApS, Corning Inc., Denville Scientific, Inc., Gilson, Inc., Greiner Bio-One International GmbH, Integra Biosciences AG, Kimble-chase, Nichiryo Co., Ltd., and Socorex ISBA SA.
