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Mechanical Micropipette Market Size, Industry Analysis And Forecast, Report 2024 To 2033
Mechanical Micropipette Market Size
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According to The Business Research Company's, The mechanical micropipette market size has grown steadily in recent years. It will grow from $2.17 billion in 2023 to $2.24 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to rising demand for precise and accurate liquid handling in laboratories, increasing adoption of mechanical micropipettes in pharmaceutical and biotechnology industries, growing investments in research and development activities in life sciences, rising need for automation and efficiency in laboratory processes and increasing focus on improving reproducibility and consistency in experimental results.
The mechanical micropipette market size is expected to see steady growth in the next few years. It will grow to $2.56 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to the increasing integration of digital and automated features in mechanical micropipettes, growing application in emerging research fields such as genomics and proteomics, rising demand for high-throughput screening in drug discovery processes, increasing adoption of micropipettes in developing regions due to expanding research infrastructure and rise in customizability options for specific research applications and user preferences. Major trends in the forecast period include advancements in technology leading to more precise and versatile micropipettes, growth in demand for ergonomic and user-friendly designs to enhance usability, advancements in materials leading to more durable and chemically resistant micropipettes, expansion of laboratory automation systems integrating advanced micropipette technologies and growing market presence of eco-friendly and sustainable micropipette solutions.
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Market Drivers and Trends:
The increasing number of diagnostic laboratories is expected to propel the growth of the mechanical micropipette market going forward. Diagnostic laboratories are specialized facilities equipped for analyzing biological samples to diagnose diseases, monitor health conditions, and conduct medical research. The rise in diagnostic laboratories is driven by increasing demand for advanced medical testing and early disease detection, coupled with technological advancements in diagnostic equipment. Mechanical micropipettes in diagnostic laboratories are used for precise measurement and transfer of small liquid volumes, which is crucial for accurate diagnostic tests and research. For instance, in June 2023, according to the Department of Health and Social Care, a UK-based governmental department, the government is investing £2.3 billion ($2.95 billion) to improve diagnostic services, with 108 community diagnostic centers (CDCs) operational in 2023 and 41 more planned, which is a significant step towards meeting the commitment to establish 160 CDCs by March 2025. These will provide capacity for more than 742,000 extra tests a year once fully operational, bolstering access to care. Therefore, the increasing number of diagnostic laboratories is driving the growth of the mechanical micropipette market.
Major companies operating in the mechanical micropipette pipettes market are focusing on technological developments such as trilock volume locking systems to gain a competitive advantage. The trilock volume locking system is a mechanism that allows precise control over pipette volume settings through three distinct positions, free adjustment, light ratchet adjustment, and a fully locked position for secure. For instance, in June 2022, Gilson Incorporated, a US-based manufacturer of laboratory products, launched MyPIPETMAN with new technical and customizable features. The latest MyPIPETMAN mechanical pipettes are offered in two primary models MyPIPETMAN Select and MyPIPETMAN Enterprise. MyPIPETMAN Select is a globally available, ready-to-order catalog pipette featuring a lightweight and well-balanced design with a textured handle for enhanced grip. Its patented advancements include reduced forces, decreased tip ejection forces, and the innovative Trilock system. This product offers unique features, such as text printing directly on the pipette for easy identification and a secure lock system to prevent accidental volume changes. These innovations aim to improve accuracy and efficiency in lab operations, reflecting a broader trend toward customization and precision in laboratory equipment.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Corning Incorporated, Avantor Inc., Sartorius AG, Mettler Toledo International Inc., Integra Biosciences AG, Eppendorf AG, Hamilton Company, IKA-Werke GmbH & Co. KG, Gilson Inc., DWK Life Sciences, Accumax Lab Devices Pvt. Ltd., BRAND GMBH + CO KG, AHN Biotechnologie GmbH, Microlit Industries Private Limited, Socorex Isba SA, Kartell S.p.A., OHAUS Corporation, Vistalab Technologies Inc., CAPP ApS, Scilogex LLC, Nichiryo Co. Ltd.
Mechanical Micropipette Market 2024 Key Insights:
• The mechanical micropipette market size is expected to see steady growth in the next few years. It will grow to $2.56 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%.
• Rising Diagnostic Laboratories Fuel Growth In The Mechanical Micropipette Market
• Technological Advances In Mechanical Pipettes With Trilock Volume Locking System
• North America was the largest region in the mechanical micropipette market in 2023
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