Pipette Calibrators Market Worth $391 million | MarketsandMarkets™.

CHICAGO, March 1, 2024 /PRNewswire/ -- Pipette Calibrators Market in terms of revenue was estimated to be worth $286 million in 2024 and is poised to reach $391 million by 2029, growing at a CAGR of 6.5% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The growth of this market is majorly driven by rise in genomics and proteomics research, growth in portable and handheld devices, and establishment of new research facilities by pharmaceutical companies.

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Pipette Calibrators Market Scope:

Devices segment is expected to account for the largest share in 2022.

The pipette calibrators market, by type, has been segmented into devices and software. In 2022, the devices segment dominated the products market. This segment is also estimated to grow at the highest CAGR during the forecast period. The large share is due to its increasing importance in pipette calibration which will ensure whether the pipettes are dispensing accurate volume or not.

Research segment held the largest market share in the pipette calibrators market.

Based on the application, the pipette calibrators market is segmented into research and clinical diagnostics. The research segment dominated the pipette calibrators market in 2022. The large share of this segment can be primarily attributed to the growing demand of drug discovery due to rising number of chronic diseases and growing fundings in genomics will drive the demand for pipettes usage in laboratories, thereby supporting the pipette calibrators market during the forecast period.

Pharmaceutical & Biotechnology Industry segment held the largest market share in the pipette calibrators market.

Based on the end user, the pipette calibrators market is segmented into pharmaceutical & biotechnology industry, hospitals, and research and academic institutes. The pharmaceutical & biotechnology industry segment accounted for the largest share of the pipette calibrators market in 2022. Growth in this segment is primarily attributed to the exponential growth in drug discovery and rise in investments for new manufacturing and R&D facilities.

North America dominates the global pipette calibrators market.

Based on the region, the pipette calibrators market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America market is driven by availability of technologically advanced products and growing research on monoclonal antibodies in biopharmaceutical industries. The Asia Pacific segment is projected to register the highest CAGR during the forecast period. Rise in outsourcing of pharmaceutical research especially in drug trials and improvement in life sciences research across Asian countries are some of the major factors driving the growth of this regional market.

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Pipette Calibrators Market Dynamics:

Drivers:

1.  Expansion of pharmaceutical & biotechnology industries

Restraints:

1. High pricing of pipette calibration systems

Opportunities:

1. Growing genomics and proteomics research

Challenge:

1. Rise in pipette calibration services

Key Market Players of Pipette Calibrators Industry:

Major players in pipette calibrators market include METTLER TOLEDO (US), Sartorius AG (Germany), Advanced Instruments (US), A&D Company, Limited (Japan), Accuris Instruments (US), IKA Works GmbH & Co. KG (Germany), RADWAG Balances and Scales (Poland), Avantor, Inc. (US), Biohit Oyj (Finland), Calibration Lab (Belgium), BRAND GMBH + CO KG (Germany), Prime Technologies (US), BioMedical Computing Ltd. (UK), Cole-Parmer Instrument Company, LLC (US), Humpage Technology Ltd. (UK), IBR Inc. (Switzerland), Sartorius Croatia (Croatia), Gilson Incorporated (US), Labtronics Inc. (Canada), and Techvolver ApS (Denmark).

Breakdown of supply-side primary interviews by company type, designation, and region:

• By Company Type: Tier 1 (30%), Tier 2 (48%), and Tier 3 (22%)
• By Designation: C-level (28%), Director-level (33%), and Others (39%)
• By Region: North America (21%), Asia- Pacific (34%), Europe (30%), and RoW (15%)

Recent Developments of Pipette Calibrators Industry:

• In 2023, RADWAG Balances and Scales (Poland) launched the AP-12.1.5Y which is the first automatic device designed to calibrate single- and multi-channel micropipettes with one µg, in accordance with ISO 8655 requirements.
• In 2022, Advanced Instruments (US) acquired Artel (US); Artel is an internationally recognized gold standard for performance management of workflows in which automated liquid handling systems and manual pipettes are used throughout the life science industry.
• In 2021, METTLER TOLEDO (US) entered into an agreement with the US Department of Defense to increase domestic production capacity of pipette tips and enhance manufacturing automation and logistics.

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Pipette Calibrators Market - Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall pipette calibrators market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers: 

• Analysis of key drivers, restraints, opportunities, and challenges influencing the growth of the pipette calibrators market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the pipette calibrators market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the pipette calibrators market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the pipette calibrators market
• Competitive Assessment: In-depth assessment of market ranking, growth strategies, and service offerings of leading players like METTLER TOLEDO (US), Sartorius AG (Germany), Advanced Instruments (US), A&D Company, Limited (Japan), among others in the pipette calibrators market strategies.

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