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Pharmacy benefit management market
PIPETTES AND PIPETTORS MARKET REPORT OVERVIEW
global pipettes and pipettors market size was USD 1902.1 Million in 2022 and market is projected to touch 2902.18 Million by 2031, exhibiting a CAGR of 4.8% during the forecast period 2022-2031.
Pipettes and pipettors are laboratory tools used to measure and transfer small volumes of liquids. Pipettes are manual devices that require the user to create suction to draw up the liquid, while pipetters are automated devices that dispense liquids with a high degree of precision. Pipettes come in a variety of sizes and styles to accommodate different applications.
Pipetters are automated devices that dispense liquids with a high degree of precision. They are typically used in research laboratories where large numbers of samples need to be processed. Overall, pipettes and pipettors are essential tools for any laboratory that works with small volumes of liquids. They offer a number of key benefits, including accuracy, precision, reliability, and efficiency.
COVID-19 Impact: Pandemic Increased the Market Demand
The COVID-19 pandemic has had a significant impact on the pipettes and pipettors market share. Many businesses were forced to shut down or reduce their operations, and research and development (R&D) activities were no exception. In the pharmaceutical and biotechnology industries, R&D activities are essential for developing new drugs and therapies. However, during the pandemic, many pharmaceutical and biotechnology companies had to divert their resources to developing COVID-19 vaccines and treatments. This led to a decrease in R&D activities for other products, which negatively impacted the demand for pipettes and pipettes. In addition, the pandemic also led to a decrease in funding for R&D. Many governments and private foundations cut funding for R&D in order to focus on responding to the pandemic. This also contributed to the decrease in demand for pipettes and pipettors.
Latest Trends
"Development of novel pipette tips to fuel the growth in the market"
Pipette tips are the disposable plastic components that are attached to the end of a pipette to transfer and measure small volumes of liquids. Traditional pipette tips are made of polypropylene and have a single bore. However, there has been a growing demand for novel pipette tips that offer improved performance and safety. The laboratory can be a breeding ground for bacteria and other microorganisms. These microorganisms can contaminate samples, equipment, and even the air. This can lead to the spread of disease and the contamination of experiments. Using tips with antimicrobial properties can help to reduce the risk of contamination in the laboratory. The development of novel pipette tips is a rapidly evolving field. As new technologies are developed, we can expect to see even more innovative pipette tips that offer improved performance and safety.
PIPETTES AND PIPETTORS MARKET SEGMENTATION
- By Type Analysis
According to type, the market can be segmented glass pipettes, plastic pipettes and other.
- By Application Analysis
Based on application, the market can be divided into biological, chemical, medical and other.
Driving Factors
"Increasing research and development activities to foster the market growth"
The pharmaceutical and biotechnology industries are constantly developing new drugs and therapies, which requires the use of pipettes and pipettors to transfer and measure small volumes of liquids. The increasing research and development activities in these industries is expected to drive the demand for pipettes and pipettors in the coming years. For example, the pharmaceutical industry is constantly developing new drugs to treat a variety of diseases. These drugs are often made up of small molecules that need to be measured with precision and accuracy. Pipettes and pipettors are essential tools for ensuring that these measurements are accurate, and the increasing research and development activities in the pharmaceutical industry is expected to drive the growth of the pipettes and pipettors market. The biotechnology industry is also constantly developing new products, such as vaccines and gene therapies. These products also require the use of pipettes and pipettors to transfer and measure small volumes of liquids.
"Growing demand for precision and accuracy to result in the expansion of the market"
In many laboratory applications, it is critical to transfer and measure small volumes of liquids with precision and accuracy. They are essential tools for ensuring that these measurements are accurate, and the growing demand for precision and accuracy is expected to drive the growth of the them market. For example, in clinical laboratories, pipettes are used to measure small volumes of blood, urine, and other fluids to diagnose diseases. The accuracy of these measurements is critical to ensuring that patients receive the correct treatment. In research laboratories, pipettes are used to measure small volumes of chemicals and biological samples to conduct experiments. The precision and accuracy of these measurements is critical to ensuring that the results of the experiments are reliable.
Restraining Factors
"High cost to hamper the market growth"
They can be expensive, especially for high-precision models. This can be a restraining factor for some laboratories, especially those with limited budgets. For example, a high-precision pipette can cost several hundred dollars. This can be a significant expense for a small laboratory that is on a tight budget.
PIPETTES AND PIPETTORS MARKET REGIONAL INSIGHTS
"Asia Pacific to lead the market owing to the rapid growth of the pharmaceutical industries in the region. "
The Asia Pacific region has shown the highest pipettes and pipettors market growth. The pharmaceutical and biotechnology industries in Asia-Pacific are growing rapidly, and this growth is being driven by the increasing population and the rising prevalence of chronic diseases. The pharmaceutical and biotechnology industries in the region are also investing heavily in research and development, which is driving the demand for them.
Key Industry Players
"Key players are employing advanced technologies in order to stimulate further growth of the market"
All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.
LIST OF TOP PIPETTES AND PIPETTORS COMPANIES
- Brand GmbH + Co KG (Germany)
- Capp ApS (Denmark)
- Corning (USA)
- Denville Scientific (USA)
- Eppendorf (Germany)
- Gilson (USA)
- Greiner Bio-One International (Austria)
- Hamilton Company (USA)
- Integra Biosciences (Switzerland)
- Mettler-Toledo International (Switzerland)
- Nichiryo (Japan)
- Sartorius (Germany)
- Socorex ISBA SA (Switzerland)
- Thermo Fisher Scientific (USA)
Report Coverage
This report examines an understanding of the pipettes and pipettors market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1902.1 Million in 2022 |
Market Size Value By |
US$ 2902.18 Million by 2031 |
Growth Rate |
CAGR of 4.8% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the pipettes and pipettors market expected to touch by 2031?
The pipettes and pipettors market is expected to touch USD 2902.18 Million by 2031.
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What CAGR is the pipettes and pipettors market expected to exhibit during 2024-2031?
The pipettes and pipettors market is expected to exhibit a CAGR of 4.8% over 2024-2031.
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Which are the driving factors of the pipettes and pipettors market?
The driving factors of the pipettes and pipettors market are increasing research and development activities and growing demand for precision and accuracy.
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Which are the top companies operating in the pipettes and pipettors market?
The top companies operating in the pipettes and pipettors market are Brand GmbH + Co KG (Germany), Capp ApS (Denmark), Corning (USA), Denville Scientific (USA), Eppendorf (Germany), Gilson (USA), Greiner Bio-One International (Austria), Hamilton Company (USA), Integra Biosciences (Switzerland), Mettler-Toledo International (Switzerland), Nichiryo (Japan), Sartorius (Germany), Socorex ISBA SA (Switzerland), Thermo Fisher Scientific (USA).