Pipette Market size was valued at $1,538 million in 2020, and is anticipated to grow at a CAGR of 4.1% during the forecast period 2021-2026.
Pipettes are used as a media dispenser to transfer liquids especially in laboratories. These are usually made of glass or plastic and used to dispense liquid in measurable amounts. Pipettes and its associated accessories come in a range of sizes and designs. They are used majorly in biotechnology and pharmaceutical applications. Pipettes are used to reduce the rate of contamination when transferring materials and also to increase accuracy of sampling. With the technological advancements in the healthcare sector, significant improvements are extensively being made in pipetting materials, from glass to high-grade plastics. Manufacturers are also extensively launching pipettes of several designs based on the different purposes with different levels of precision and accuracy, from single-piece pipettes to more complex electronic pipettes, which is estimated to enhance the growth of the pipettes market during the forecast period 2021-2026. The pipette industry growth rate is attributed to the various increasing investments in research and the study of cancer treatment methods, the amount of research being in molecular biology has increased exponentially which is poised in bringing new opportunities.
North America is the major region dominating the Pipette market with a market share of 35.34% in the year 2020. This can be attributed rising demand for pipetting products, increasing innovation of new electronic based products and growing investments in R&D activities is increasing the growth of the market in North America. On the other hand, Asia-Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to increasing prominence of this region in healthcare research and facilities during the forecast period 2021-2026. Apart from this, rising adoption of technologies for product innovation and increasing investments in research for biotechnology and microbiology applications is increasing the growth of the market in Asia Pacific region.
Also, on the basis of volume, <0.1 µL segment accounted for the largest segmental revenue of the pipette market on account of the fact that these laboratory tools that are used to measure and transfer very small volumes of solutions and extensively finds it application in the field of molecular biology, biochemistry, immunology, cell culture, etc. Moreover, this segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 4.6% since these are usually disposable and are basically moulded from the highest-quality virgin polypropylene, ensuring consistency and subjected to strict and constant quality control is also set to increase the growth of the market during the forecast period 2021-2026.
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Pipette Market Growth Drivers:
Rising Demand in Molecular Biology
Pipettes are increasingly playing a prominent role in Molecular biology as the measurement needs to be precise and with zero error which can be attained only using pipettes. With increasing investments in research and the study of cancer treatment methods, the amount of research being in molecular biology has increased exponentially. This boost in demand is increasing the usage of the pipettes in the labs and demand for similar laboratory equipment is also increasing. Besides, the key players across the world are increasing their investment to produce high-quality pipettes owing to the growing demand and need for accuracy, which is driving the growth of the Pipettes market. For instance, Integra Biosciences is increasingly focusing on Voyager adjustable tip spacing pipettes to overcome the challenges associated with repetitive pipetting tasks in molecular biology to avoid burnout in the lab and speed up the research process by enhancing both reproducibility and throughput at the push of a button. Single-channel and multi-channel electronic pipettes are also increasingly being adopted in molecular biology to enable accurate and sterile liquid handling to prevent errors in dispensing the incorrect volume and cross-contamination, which is said to propel the growth of the pipettes market.
Growing Advancements In The Healthcare Sector
Biotechnology companies across the world are increasing their efforts to develop advanced products and solutions to treat diseases with zero error. Further, the growing pharmaceutical market added with investments in research and development, and surging drug approvals across the world are likely to propel the market. Global Research and Development (R&D) spending in healthcare industries is estimated to be around 32.8 U.S billion dollars in 2020. This is likely to grow with companies pumping in more money to improvise their products, which is driving the demand for the pipettes market. With the technological advancements in the healthcare sector, significant improvements are extensively being made in pipetting materials, from glass to high-grade plastics. Moreover, pipetting and ergonomics have become virtually inseparable aspects and significant advancements have been made at lowering stress and fatigue for users to reduce the number of reagents used in the processes to save costs and precision, which is creating a positive impact on the growth of the pipettes market.
Thermo Fisher Scientific expanded it’s laboratory plastics production to support COVID-19 testing, therapies and vaccines which includes pipette and automation tips, storage tubes and plates, transfer pipettes, and packaging vials and bottles.
The Major Players in this Market Include
The major companies in the pipette market include Thermo Fisher Scientific, Hamilton Company, Lab Depot Inc., Denville Scientific, Inc., Sartorius AG, Integra Biosciences AG., Eppendorf AG, Mettler Toledo, Sarstedt AG. In February 2019, Andrew Alliance S.A. and Sartorius announced the launch of the Andrew Alliance Pipette+ system, which uniquely provides both full traceability and improved repeatability in manual pipetting for life science laboratories.
Although there has been product withdrawals and low demand for the product, companies are conducting research and development for the perfecting the products. Manufacturers are rooting for the comeback of pipette with effective products. There are the major factors set to buoy the pipette market during 2021-2026.
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