26-Aug-2020 | Zion Market Research
As per the forecast data studied by analysts at Zion Market Research, the global pipettes and accessories market was valued at around USD 1.5 billion in 2019, which is estimated to register a CAGR of about 4.3% and shall probably attain the value of nearly 2 billion by 2026. Pipettes and accessories are amongst the essential equipment primarily used in scientific research & development purposes. The researchers have been using these devices in microbiology, pharmaceuticals, chemical, and biotechnology laboratories to transport a certain amount of fluids in an efficient and precise manner.
The global market report profiled some of the renowned well-established competitors that are fueling the market growth. Hamilton Company, Denville Scientific Inc., Integra Biosciences AG, Lab Depot Inc., Sartorius AG, and Thermo Fisher Scientific are the few prominent industries operating the pipettes and accessories market.
Establishment Of Several Research Institutes And Healthcare Industries Likely To Propel The Global Market
With the considerable rise in the establishment of microbiology biology laboratories, biotechnology research institutes, and immunology-based diagnostic centers, the demand for micropipettes and accessories has been rising. The demand for pipette and accessories has been fueled owing to the significant need for efficient pipetting with a basic aim of conducting laboratory experiments reliably. Lightweight pipettes equipped with an advanced volume adjustment system are becoming popular in the market. Other than pipettes, some kits and accessories are also required to improve the pipette's performance significantly. In the product segmentation of the global pipetting and accessories market, there are two types of pipettes: ultra-light pipettes and electronic pipettes. The global pipettes and accessories market report depicts the key factors and highlighted trends likely to flourish the growth of the global market.
The globally well-established and emerging pharmaceutical companies in developing economies are dedicated to discovering novel and effective drugs for treating chronic disorders. Pipettes are used as a mandatory device set to conduct such experiments. Several key players are investing generous amounts to discover anti-cancer drugs and therapies across the global level. There is a significantly increased utilization of microplate pipetting to conduct cost-effective microassays. The growing demand for novel therapeutics eventually boosts the pipettes and accessories market. On the contrary, the outrageous price of electronic pipettes and accessories has restrained the market growth in developing regions.
The global pipettes and accessories market is bifurcated based upon its type, applications, and region. By type, the report has classified the market into electronic pipettes, manual pipettes, and accessories. Based on the application, the market is segmented into academic & research institutes, hospitals & clinics, biotechnology & pharmaceutical companies, and others.
North America Leads The Pipette And Accessories Market Due To Extensive Drug Manufacturing Attempts In The Region
Based on the critical evaluations elucidated in the global pipettes and accessories market report, the key R&D activities performed by pharmaceutical industries will probably unlock new avenues in key regions. In North America, the extensive activities are conducted on drug manufacturing, which propels the pipettes and accessories market growth in the region.
Browse the full “Global Pipettes And Accessories Market - By Type (Electronic Pipettes, Manual Pipettes, And Accessories), By Application (Academic & Research Institutes, Hospitals & Clinics, Biotechnology & Pharmaceutical Companies, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/pipettes-and-accessories-market
The global pipettes and accessories market is segmented as follows:
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