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Pipettes And Accessories Market To Surpass US$ 1.8 Billion By 2026 - Coherent Market Insights
Pipettes And Accessories Market To Surpass US$ 1.8 Billion By 2026 - Coherent Market Insights
“Coherent Market Insights “PIPETTES AND ACCESSORIES MARKET – GLOBAL TRENDS, ESTIMATES AND FORECASTS, 2020-2027?

The Global Pipettesand Accessories Market, By Product Type (Manual Pipettes, ElectronicPipettes, and Accessories), by End User (Hospitals, Academic and ResearchInstitute, Pharmaceutical and Biotechnology Companies, and Others), and byRegion (North America, Latin America, Europe, Asia Pacific, Middle East, andAfrica) was valued at US$ 1.3 billion in 2017 and is projected to exhibit aCAGR of 4.0% over the forecast period (2018 - 2026).

 Pipettes are important laboratory tool used tohandle measured volumes of liquids. Most clinical and research laboratories areequipped with manual or electronic pipettes for dispensing liquids. Increasingresearch and development initiatives for the development of novel drugs fordiseases such as cancer, diabetes or cardiovascular disorders is expected todrive the pipettes and accessories market growth. According to the datapublished by the International Federation of Pharmaceutical Manufacturers &Associations, in 2015, over 6000 drug entities were in preclinical trialglobally. Pipettes come in various designs including electronic and manual, aswell as single-channel or multi-channel pipettes, designed for efficiency whileworking with varying dishes, plates, and tubes.

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Pipetting is often a repetitivetask, therefore pipettes must be designed to minimize the risk of hand andupper limb stress. According to a research published by the National Center forBiotechnology Information (NCBI) in 1994, use of conventional pipettes for over300 hours per year is associated with an increased risk of shoulder and handinfirmities. Key players in the market are focusing on offering new andefficient products for various cell cultures and experimental applications inorder to enhance their market share. For instance, to address the ergonomicissues faced by laboratories, in 2011 Hamilton designed SoftGrip pipettes tominimize the amount of fatigue and discomfort typically experienced inpipetting. It reduces the risk factors related with the development ofrepetitive stress injuries such as carpal tunnel syndrome.

Browse 25 Market Data Tables and27 Figures spread through 153 Pages and in-depth TOC on "Pipettes andAccessories Market, By Product Type (Manual Pipettes, Electronic Pipettes, andAccessories), by End User (Hospitals, Academic and Research Institute,Pharmaceutical and Biotechnology Companies, and Others), and by Region (NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa) - GlobalForecast to 2026"

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Key Takeaways of the Pipettes andAccessories Market:

The global pipettes andaccessories market is expected to witness a CAGR of 4.0% during the forecastperiod (2018–2026), owing to increasing biotechnology and pharmaceuticalR&D activities coupled with increasing drug patent expirations. Forinstance, in November 2018, U.S. FDA stated its focus on improved outcomes andR&D across the biotech industry, due to over 25 upcoming patentexpirations.

Among product type, theelectronic pipettes segment is expected to generate significant revenue in2018. Electronic pipettes tend to be more ergonomic than manual pipettes due toless operator force required to plunge. It also reduces repetitive motion.

Major players operating in theglobal pipettes and accessories market include, Thermo Fisher Scientific,Eppendorf AG, Hamilton Company, Mettler-Toledo International, Inc., Lab DepotInc., 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.

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