SAN FRANCISCO, May 27, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Pipettes and Pipettors – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 18; Released: May 2021
Executive Engagements: 11346
Companies: 96– Players covered include Biotix, Inc; BRAND GmbH + CO KG; Capp ApS; Corning Incorporated; Eppendorf AG; Gilson, Inc.; Greiner Bio-One International GmbH; Hamilton Company; Integra Biosciences AG; Mettler-Toledo International, Inc.; Nichiryo Co., Ltd.; OHAUS Instruments (Shanghai) Co., Ltd ; PerkinElmer Inc; SARSTEDT AG & Co. KG; Sartorius AG; SCILOGEX, LLC; Socorex ISBA SA; Sorenson BioScience; Thermo Fisher Scientific, Inc.; VistaLab Technologies and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Pipette Tips, Plastic Pipettes, Glass Pipettes, Mechanical Pipettors, Electronic Pipettors); End-Use (Pharma & Biotech Companies, Hospitals & Clinics, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
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Global Pipettes and Pipettors Market to Reach $2.3 Billion by 2026
Pipettes represent one of the most commonly used equipment in science laboratories. Pipettes are plastic or glass-made tube-like devices through which the liquid is dispensed or aspirated. The device controlling the aspiration or dispense activities of these pipettes are called pipettors. Demand in the market is set to be driven by a number of factors, including increase in number of PCR diagnostic tests, increasing use of ultra-micro volumes in science laboratories, increasing demand from life sciences industry, especially in cell analysis and genomics applications and development of state-of-the-art, ergonomically-designed pipettes that are easy-to-use and more accurate. Additionally, requirements from food processing, environmental, chemical and pharmaceutical markets as well as stringent environmental legislations are expected to fuel the demand for pipettes and pipettors. Pipettes are one of the crucial components used for conducting RT-PCR to diagnose COVID-19 and the spiraling inflow of patient samples for testing led to pipettes shortage.
Amid the COVID-19 crisis, the global market for Pipettes and Pipettors estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2026, growing at a CAGR of 5.5% over the analysis period. Pipette Tips, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$1.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plastic Pipettes segment is readjusted to a revised 6.2% CAGR for the next 7-year period. Plastic pipettes are at present the most consumed pipettes, replacing use of glass pipettes and currently represent a major force behind growth in the pipettes market. These pipettes have an edge over glass pipettes since they are unbreakable and freezable.
The U.S. Market is Estimated at $544.5 Million in 2021, While China is Forecast to Reach $249.8 Million by 2026
The Pipettes and Pipettors market in the U.S. is estimated at US$544.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$249.8 Million by the year 2026 trailing a CAGR of 7.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Growth in North America region is driven by factors such as increasing focus on timely diagnosis as well as treatment of medical conditions, high per person healthcare spending, and adoption of advanced medical devices. In Europe, growth is driven by supportive policies pertaining to healthcare infrastructure, increasing focus on R&D, and rising incident of chronic medical conditions.
Glass Pipettes Segment to Reach $70 Million by 2026
Glass Pipettes are mostly made of borosilicate/ high quality soda lime glass. By shape and design, these pipettors are available in various types including Graduated Pipettes, Volumetric Pipettes, Blood Sedimentation Pipettes, Blood diluting pipettes, and Demeter Pipettes. In the global Glass Pipettes segment, USA, Canada, Japan, China and Europe will drive the -2.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$65.4 Million in the year 2020 will reach a projected size of US$56.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6 Million by the year 2026, while Latin America will expand at a -2.8% CAGR through the analysis period. More
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SOURCE Global Industry Analysts, Inc.