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What fueled the previous growth in the pipettes and accessories market?
The growth of the pipettes and accessories market has been significant in the past few years. The market is projected to expand from a valuation of $1.42 billion in 2024 to $1.5 billion in 2025, with a compound annual growth rate of 5.3%. Factors contributing to the growth during this historical period include a surge in demand for accurate laboratory devices, expansion in pharmaceutical research, an upswing in chronic illnesses, the need for high-throughput screening, an intensified call for precise liquid handling, a rise in funding for life sciences, and the development of clinical and diagnostic laboratory facilities.
What will be the pipettes and accessories market size in the future?
Strong expansion is projected in the pipettes and accessories market in the forthcoming years, with its worth swelling to $1.82 billion by 2029 at an aggregate yearly growth rate of 5.0%. The surge in growth within this period is credited to the rising need for precision in lab research, increasing clinical diagnostics, a heightened focus on environmental testing, growth in biopharmaceutical R&D, larger investments in life sciences and a boosted demand for personalized medicine. Noteworthy trends during this forecast period encompass a growing requirement for automated liquid handling systems, progress in ergonomic designs, burgeoning use of electronic pipettes, the widening use of multi-channel pipettes in high-output screening, creation of sustainable and recyclable pipette tips, and incorporation of IoT and AI for improved lab efficiency.
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What main drivers are fueling expansion in the pipettes and accessories market?
Anticipated growth in the pharmaceutical sector is likely to stimulate the pipette and accessories market. This industry chiefly focuses on research, development, production, and sales of medicine for medical treatments or therapies. Increases in chronic disease instances, advancements in medical research and technology, and healthcare restructuring leading to an elevation in healthcare spending contribute to the expansion of the pharmaceutical industry. Pipettes and accessories, vital in precise liquid measurement and transfer, are heavily relied upon in pharmaceutical operations including drug formulation, sample preparation, and testing. In July 2024, GOV.UK data revealed that UK pharmaceutical exports have rebounded, registering significantly higher values in 2022 and 2023 when compared to 2021. Consequently, the pharmaceutical sector’s growth is propelling the expansion of the pipette and accessories market.
What key areas define the segmentation of the global pipettes and accessories market?
The pipettes and accessories market covered in this report is segmented –
1) By Type: Manual Pipettes, Electronic Pipettes, Accessories
2) By Channel Type: Single Channel, Multi-Channel
3) By Application: Hospitals, Academic And Research Institute, Pharmaceutical And Biotechnology Companies, Other Applications
Subsegments:
1) By Manual Pipettes: Single-Channel Manual Pipettes, Multi-Channel Manual Pipettes, Adjustable Volume Manual Pipettes, Fixed Volume Manual Pipettes
2) By Electronic Pipettes: Single-Channel Electronic Pipettes, Multi-Channel Electronic Pipettes, Digital Electronic Pipettes, Programmable Electronic Pipettes
3) By Accessories: Pipette Tips, Pipette Calibration Tools, Pipette Stands And Holders, Pipette Servicing And Maintenance Kits, Pipette Filters
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Who are the dominant players expanding their reach in the pipettes and accessories market?
Major companies operating in the pipettes and accessories market are Thermo Fisher Scientific Inc., Corning Incorporated, VWR International LLC, Mettler Toledo, Bio-Rad Laboratories Inc., Eppendorf SE, Sarstedt AG & Co. KG, Hamilton Company, Greiner Bio-One International GmbH, Cole-Parmer Instrument Company LLC, Biotix Inc., Integra Biosciences AG, Gilson Incorporated, Brand GMBH + CO KG, Socorex ISBA SA, Ajanta Export Industries, Microlit, Heathrow Scientific, Vistalab Technologies Inc., Capp, Oxford Lab Products, Nichiryo Co. Ltd., Phoenix Instruments, Agilent Technologies Inc., Kartell Labware
What emerging trends are influencing the growth of the pipettes and accessories market?
Key players in the pipettes and accessories market are forging ahead with the creation of innovative products that leverage advanced technologies like Bluetooth connectivity to improve workflow efficiency and data management capabilities. Through the incorporation of Bluetooth in electronic pipettes, the devices can synergize with diverse lab software and systems, thus delivering effective data transmission, real-time data exchange, and streamlined workflows. Notably, Sartorius AG, a German company that specializes in the manufacture and supply of pharmaceutical and lab equipment, introduced the Picus 2 electronic pipettes in September 2023. These pipettes are Bluetooth-enabled, allowing them to connect with the Sartorius Pipetting mobile app and incorporate into existing systems. The Picus 2 electronic pipettes are lightweight and feature a streamlined design for effortless pipetting, complete with customizable programs, enhanced safety features, and easy-to-clean parts.
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Which regions are emerging as leaders in the pipettes and accessories market?
North America was the largest region in the pipettes and accessories market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pipettes and accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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