Monday, 12 April 2021

Pipettes, Pipettors, and Accessories Market Foraying into Emerging Economies 2020-2027

 Global pipettes, pipettors, and accessories market is anticipated to register a healthy CAGR over the forecast period. The market held a market value of USD 1,350.0 million in 2017 and is projected to grow at a CAGR of 4.1% during the forecast period. A pipette is a laboratory tool used in laboratories to transfer a measurable amount of liquid from one container to another. These are small tubes or slender graduated tubes of glass or plastic used in laboratories to transfer a measurable volume of liquid. A pipettor is an instrument used to dispense liquid while pipetting. Factors driving the market growth are rising investment in research and development (R&D) activities, increasing demand for accuracy, productivity, and quality in healthcare companies, growing focus on improving lab throughputs, and mounting applications in life sciences and biomedical research, pharmaceutical, environmental, chemical, and food processing industries. For instance, as per the data published by the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), in 2016 there were 6,861 drug entities in the preclinical regulatory phase that grew to 7,493 in 2017. In contrast, rapid development and launches of automatic and robotic-assisted liquid handling workstations are anticipated to restrain the market growth over the forecast period.

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Regional Analysis:
The Global Pipettes, Pipettors and Accessories Market has been segmented by region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. On the basis of region, the Americas is likely to dominate the global pipettes, pipettors, and accessories market owing to the increasing biotechnology and pharmaceutical R&D activities and the presence of major market players in the U.S. and Canada. In November 2018, the US Food and Drug Administration (US FDA) emphasized on improved outcomes and R&D over the biotech industry due to the expiry of more than 25 drugs patents.Europe will hold the second largest market position during the forecast period due to the availability of developed lab facilities, the number of key market participants headquartered, and the presence of sophisticated healthcare infrastructure.

 The market in Asia-Pacific is anticipated to display comparatively higher CAGR during the forecast period owing to growing awareness and increasing interest in scientific & industrial research in order to create new business opportunities in India, China, Japan, and Australia.The Middle East & Africa has the least share of the global pipettes, pipettors, and accessories market. Additionally, the major market share of the region would be held by the Middle East region attributed to gradually rising adoption of laboratory supplies or equipment in the GCC region.

Segmentation:
The Global Pipettes, Pipettors and Accessories Market has been segmented into product and end user.By product, the market has been segmented into pipettes, pipettors, and accessories. The pipettes segment is further categorized into beral/plastic/transfer/disposable pipettes, pasteur/glass pipettes/droppers, serological pipettes, volumetric/bulb pipettes, and others. The pipettors segment is sub-segmented into electronic pipettors and manual pipettors. These two pipettors are further separately categorized into single-channel pipettors and multichannel pipettors.Based on end user, the market has been segmented into hospitals, laboratories, academic & research institutes, pharmaceutical & biotechnology companies, and others.

Key Players:
Some of the leading players in the Global Pipettes, Pipettors and Accessories Market share are Thermo Fisher Scientific Inc., Thomas Scientific, Inc., BRAND GMBH + CO KG, CAPP ApS, Corning Incorporated, Hamilton Company, Eppendorf AG, Gilson Incorporated, Greiner Bio-One International GmbH, INTEGRA Biosciences AG, The Lab Depot, Inc., Sartorius AG, Socorex Isba S.A., Nichiryo Co.,Ltd., and Mettler-Toledo International Inc.

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