Resurgence in Investments in R&D Buoy Demand for Pipettes and Pipettors, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Pipettes and Pipettors markets. Global market for Pipettes and Pipettors is projected to reach US$1.3 billion by 2020, driven by rising volumes of diagnostic tests, and increased R&D investments in cell analysis and genomics.
San Jose, California (PRWEB) April 29, 2014
Follow us on LinkedIn. – Primarily used in liquid handling and transfer applications, pipettes and pipettors form an integral part of any research laboratory. Despite the growing automation trend, a majority of laboratories worldwide continue to use pipettes as the primary means of liquid handling. Expanding applications in biotechnology and pharmaceutical labs and increased focus on regulatory norms and quality represent key factors driving growth in the market. Additionally, demand from food processing, environmental, and chemical industries will continue to fuel demand patterns. Pipettes have come a long way from their early elementary architecture to the present sophisticated, contoured and sleek design. Given the extensive and repetitive pipetting tasks involved in biotech research, pipette ergonomy has gained significance in recent years. Manufacturers are focusing on product customization to meet unique research needs of end-users. Over the last two decades, screening applications have expanded from the confines of specialized labs to smaller academic research labs thus increasing the need for high throughput for pipetting. In order to handle high-end multiwell plates, screening labs now employ advanced manual and electronic pipettes instead of expensive and complex liquid-handling robots.
As stated by the new market research report on Pipettes and Pipettors, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.3% over the analysis period led by China and India. Rise in GDP per capita, strong government spending in life sciences research, increasing emphasis on quality and environmental regulations, and continued growth in number of research labs represent key factors driving growth in the region. Pipette Tips represents the largest product market. Product development efforts in this space are focused on overcoming traditional problems such as retention of residues and fastening the interface between tips and pipette fittings.
Electronic Pipettors are forecast to witness strong growth driven by the growing focus on accelerating the workflow and generating highly accurate results. Other factors underpinning growth in this market is the drop in product prices, rise in diagnostic tests such as PCR and use of ultra-micro volumes in laboratories. Ergonomics continues to play a vital role in improving sales with manufacturers designing products that ensure optimal working posture and comfortable handling of samples. Some of the newly added features to pipettes include microprocessor controls, electronically removable pipettor tips, and large-screen interfaces that enable easy and intuitive liquid handling operations.
Major players covered in the report include BRAND GmbH + CO KG, Corning Life Sciences, Denville Scientific Inc., Eppendorf AG , Gilson Inc., Greiner Bio-One International AG, Hamilton Company, Mettler-Toledo International Inc., Nichiryo Co., Ltd., Sartorius Biohit Liquid Handling Oy , Socorex ISBA SA and Thermo Fisher Scientific Inc., among others.
The research report titled “Pipettes and Pipettors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, Rest of Asia-Pacific), Latin America, and Rest of World. Segments analyzed include Electronic Pipettors, Mechanical Pipettors, Glass Pipettes, Plastic Pipettes and Pipette Tips.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Pipettes_and_Pipettors_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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