The global Pipettes And Accessories market, which was worth about 1.5 billion USD in 2021, is expected to grow at a CAGR of roughly 4.3% from 2022 to 2028. The study assesses and analyses the worldwide and regional Pipettes And Accessories markets. The report provides an in-depth analysis of market competition, restrictions, sales projections, opportunities, changing trends, and industry-validated data. The research provides historical data from 2019 to 2021, as well as a revenue prediction from 2022 to 2028. (USD Billion).
Pipettes and accessories are laboratory instruments used in fluid transfer in medicine, biology, and chemistry. Aside from that, the product has large-scale uses in the pharmaceutical and biotech sectors, which has produced tremendous demand for the product in recent years. Furthermore, lightweight pipettes enable for volume modification during dispensing and have a changeable tip design. Furthermore, compatible accessories have aided in improving pipette performance in biotech applications, resulting in enormous market expansion in recent years.
Pipettes are used to transfer specific volumes of liquids in biotechnology, pharmaceutical, and chemical laboratories. Micropipettes are useful in molecular biology research that require microliter amounts of solutions, whereas serological pipettes are used in microbiology laboratories to create cell cultures that require milliliter-sized media preparations. Volume transfers with sterile cultures and solutions utilising tools such as micropipettes and serological pipettes are just one of the many common techniques used in a laboratory. Pipette designs that reduce strain include electronic pipetting, lightweight pipettes, plunger placements in more user-friendly configurations, and reduced frictional forces.
Market Restriction for Pipettes and Accessories:
Pipettes are widely employed in a variety of applications and are consequently exposed to a wide range of chemicals and specimens. They can pose quality concerns about precision and accuracy, as well as safety problems, especially when working with toxic chemicals or specimens with a high infection risk. Furthermore, the expensive cost of electronic pipettes may be a detriment to market expansion. The Xplorer plus electronic single channel pipette with charging adaptor, for example, costs roughly US$ 1000. Due to its high cost, this product may be out of reach for some laboratories. Manual pipettes, on the other hand, are more cost effective, however they cause higher variability, especially in very sensitive or expensive pipetting applications.
Dynamics of Market Growth:
Pipettes and accessories will be in high demand in the next years due to a significant increase in R&D projects done by pharma and biotech enterprises in both emerging and developed economies to develop novel medicines for chronic diseases. Furthermore, massive funding for researching cancer-treating medications and cures around the world will stimulate the expansion of the pipettes and accessories market in the near future.
Apparently, the increased use of microplate pipettes in microassays will drive market growth in the coming years. Furthermore, the significant role performed by contract research firms in the development of novel medications has opened up new potential opportunities for the market. Increased demand for innovative treatments is expected to boost product penetration in the healthcare sector during the next decade. However, high product costs, particularly in emerging markets, will stifle market growth. Nonetheless, the introduction of multisteeper pipettes will create new growth opportunities for the market, mitigating the negative effects of the industry’s upswing.
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 Sartorius AG, Hamilton Company, Denville Scientific Inc., Lab Depot Inc., Integra Biosciences AG, and Thermo Fisher Scientific.
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