Press release
Revenue From The Sales Of Pipettes And Pipettors Is Slated To Reach US$ 2.2 Billion By 2031
At present, the global pipettes and pipettors market accounts for a value of US$ 1.8 billion and is anticipated to rise at a CAGR of 5.1% from 2022 to 2026.Increasing investments in healthcare research and the rising establishment of laboratories are expected to prominently propel pipettes and pipettors market growth over the coming years. Sales of pipettes and pipettors are expected to rise owing to increasing demand from industries such as chemicals, environmental, and food processing. Growing establishment of biotech and pharma start-ups across the world is also expected to favor pipettes and pipettors market growth.
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Pipette and pipettor manufacturers are focusing on launching new innovative products to increase their revenue generation capacity and strengthen their market stance on a global level.
• In November 2021, BRAND, a renowned name in the pipette industry, launched a new pipette. The accu-jet® S is designed to enable precision irrespective of large or small volumes, and is highly efficient.
Key Takeaways from Market Study
• As of 2022, the pipettes and pipettors market enjoys a valuation of US$ 1.8 billion.
• From 2022 to 2026, the pipettes and pipettors market is set to expand at a CAGR of 5.1%.
• Sales of pipettes and pipettors are expected to account for US$ 2.2 billion revenue by the end of 2026.
• Increasing focus on healthcare, rising healthcare expenditure, growing use of PCR diagnostic tests, favorable government initiatives to promote research, and high prevalence of chronic diseases are projected to majorly drive pipettes and pipettors market expansion over the next four years.
• The Germany pipettes and pipettors market is slated to evolve at 4.5% CAGR over the forecast period.
• Plastic pipettes are anticipated to replace glass pipettes over the coming years owing to their superior durability.
• In 2022, the U.S. pipettes and pipettors market accounts for US$ 560 million.
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"Rapid advancements in genomics, biotechnology, and microbiology are expected to bolster pipettes and pipettors market growth throughout the forecast period," says a Fact.MR analyst
Winning Strategy
Pipette and pipettor suppliers are expected to adopt strategies that would help expand their reach across the world and focus on increasing their sales in untapped countries. Companies are also expected to increase their focus on product innovation to create novel offerings and maximize their sales potential.
All the key strategies that major market players are adopting and are expected to deploy have been profiled in this new pipettes and pipettors market research report by Fact.MR, a market research and competitive intelligence provider.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global pipettes and pipettors market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2026.
The study divulges essential insights on the market on the basis of product type (pipette tips, plastic pipettes, glass pipettes, mechanical pipettors, electronic pipettors) and end user (hospitals, clinics, pharma & biotech companies, other end users), across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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