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Pipettes and Accessories Market Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Posted: Dec 29, 2018
Pipettes are regularly used in laboratories to transfer a measured volume of liquid. It is one of the most frequently used instruments in the laboratory. They are available in different designs for various purposes with several levels of precision and accuracy, including polyethylene and glass pipettes and electronic or manual pipettes. Increasing demand for accuracy, productivity, and quality in pharmaceutical industry lead to development of ideal pipetting techniques.
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Market Dynamics
Increasing investment in research and development (R&D) activities is expected to significantly contribute to the pipettes and accessories market growth. Pharmaceutical companies are focusing on increasing R&D activities along with outsourcing research activities to academic research institutes. For instance, in September 2016, Syngene International, a Biocon CRO, established Syngene Amgen Research and Development Center (SARC), a drug discovery research laboratory and multi-disciplinary development center, for Amgen in Bengaluru, India.
Although the usage of pipettes is high, rapid development and introduction of automatic and robotic-assisted liquid handling workstations are expected to hinder demand for pipettes and accessories during the forecast period. For instance, in January 2014, Hamilton Robotics launched NIMBUS PCR Workstation, which is an affordable and compact pipetting workstation and enables flexible and fast assay setup for qPCR, real-time, or multiplex PCR. Similarly, in October 2014, NanoScreen LLC, an industry focused on producing automated liquid handling products for the life sciences, launched ORION liquid handling workstation, which is a multi-format, flexible, and high precision pipetting robot designed to meet increasing liquid handling requirements of laboratories.
Increasing prevalence of chronic constipation is expected to drive the pipettes and accessories market growth
Increasing research and development in the field of pharmaceuticals and biotechnology due to high prevalence of infectious diseases and cancer are the major factors driving the pipettes and accessories market growth. According to 2012 European Union Industrial R&D Investment Scoreboard, the pharmaceutical and biotechnology sectors represented 17.7% of business R&D expenditure in the world.
Pharmaceutical companies are increasingly focusing on conducting research and development activities as well as outsourcing such activities to academic and private research institutes. This in turn is increasing demand for liquid handling systems such as pipettes. Pharmaceutical companies are also increasingly outsourcing their research activities to privately-owned Contract Research Organizations (CRO) to maintain their presence in the growing pharmaceutical and biotechnology market. For instance, in May 2018, Ritter Pharmaceuticals, Inc., a manufacturer of novel therapeutic products entered into an agreement with Medpace, a CRO to conduct the first of two pivotal Phase 3 clinical trials for RP-G28 among patients with lactose intolerance.
Pipettes and Accessories Market - Competitive Landscape
Key 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.
Pipettes and Accessories Market - Regional Insights
On the basis of region, the global pipettes and accessories market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is the largest market for biotechnology and pharmaceutical research and manufacturing and therefore, demand for pipettes and accessories is the highest in the region. According to a study published by the International Trade Administration in 2016, the U.S. is the major hub for drug manufacturing and is expected to grow considerably in future.
Asia Pacific pipettes and accessories market is expected to witness significant growth over the forecast period. This is owing to increasing clinical trials from biopharmaceutical industry in the region due to easy patient recruitment and availability of skilled professionals to conduct research experiments. This in turn leads to increasing number of research laboratories being set up in the region, thereby propelling demand for pipettes and accessories. For instance, in March 2017, Herbalife Company associated with Syngene established a new research and development lab at Bangalore, India.
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Detailed Segmentation:
Global Pipettes and Accessories Market, By Product Type:
Manual Pipettes
Single-channel
Multi-channel
Electronic Pipettes
Single-channel
Multi-channel
Accessories
Global Pipettes and Accessories Market, By End User:
Hospitals
Academic and Research Institutes
Pharmaceutical and Biotechnology Companies
Others
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