The pipette market size has grown steadily in recent years, projected to increase from $1.60 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. This growth during the historic period can be attributed to rising demand for high-precision liquid handling in research laboratories, increasing focus on drug development and pharmaceutical research, growing adoption of automated liquid handling systems in laboratories, and rising prevalence of chronic diseases driving research activities, along with increasing government funding for life sciences research. The pipette market size is expected to maintain steady growth, reaching $1.99 billion in 2028 at a CAGR of 4.5%. This growth during the forecast period can be attributed to continuous technological advancements in pipette design and functionality, expanding biotechnology and pharmaceutical industries, increasing investments in research and development activities, growing focus on precision medicine and personalized healthcare, and rising demand for high-throughput screening in drug discovery. Major trends expected include the integration of smart and digital technologies in pipette systems, increased adoption of eco-friendly and sustainable pipette materials, growing preference for ergonomic and user-friendly pipette designs, expansion of pipette applications in genomics and proteomics research, and the rising trend of outsourcing pipette calibration and maintenance services.
Global Pipette Market Key Driver
The rising numbers of clinical trials are expected to propel the growth of the pipette market going forward. Clinical trials are research studies conducted to evaluate the safety, efficacy, and optimal use of new medical treatments or interventions in human participants. The number of clinical trials is increasing due to heightened investment in pharmaceutical research and development and the growing need for new treatments and therapies. Pipettes are crucial in clinical trials for their precise and accurate measurement and transfer of liquids, which is critical for obtaining reliable experimental results. For instance, in November 2023, according to the Association of the British Pharmaceutical Industry, a UK-based trade association, the total number of clinical trials initiated in the UK increased marginally by 4.3% from 394 trials in 2021 to 411 trials in 2022. The pipette market was valued at approximately $1.8 billion in 2023 and is projected to reach around $1.9 billion in 2024, further increasing to an estimated $2.3 billion by 2028. Therefore, the rising numbers of clinical trials are driving the growth of the pipette market.
Get A Free Sample Of The Pipette Market Report
Global Pipette Market Segments
The pipette market covered in this report is segmented –
1) By Type: Air Displacement Pipettes, Positive Displacement Pipettes
2) By Category: Electronic, Manual
3) By Channel Type: Single Channel, Multi-Channel
4) By Volume Type: Adjustable Volume, Fixed Volume
5) By Application: Pharmaceutical Laboratories, Biotech Laboratories, Food And Beverage Laboratories, Forensics Laboratories, Other applications
By Geography:The regions covered in the pipette market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the pipette market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Pipette Industry Players
Thermo Fisher Scientific Inc., Corning Incorporated, Avantor Inc., Sartorius AG, Mettler Toledo International Inc., Integra Biosciences AG, Eppendorf AG, Hamilton Company, IKA-Werke GmbH & Co. KG, Gilson Inc., DWK Life Sciences, Accumax Lab Devices Pvt. Ltd., BRAND GMBH + CO KG, AHN Biotechnologie GmbH, Microlit Industries Private Limited, Socorex Isba SA, Kartell S.p.A., OHAUS Corporation, CAPP ApS, Scilogex LLC, Nichiryo Co. Ltd.
Purchase The Global Pipette Market Report Directly And Get A Swift Delivery
Pipette Market Overview
A pipette is a laboratory instrument used to transport a measured volume of liquid, often as a media dispenser. Pipettes come in various designs, including manual and electronic, and are commonly used in biology, chemistry, and medical laboratories for tasks requiring precise and accurate liquid handling.
Pipette Global Market Report 2023 provides data on the global pipette market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pipette market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
