Source: Polaris Market Research & Consulting LLP
Global Pipette Calibrators Market is Projected to be US$ 479.02 million by 2032, at a CAGR of 6.4% from 2024 to 2032 | Polaris Market Research (PMR)
The growing movement of laboratory automation is a critical element pushing the market size.
New York, USA, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Market Overview:
The pipette calibrators market was estimated at USD 275.48 million in 2023. The market valuation is expected to be USD 479.02 million by 2032, registering a staggering CAGR of 6.4% during the forecast period of 2024-2032.
What are Pipette Calibrators?
In the dynamic and demanding world of laboratory research, even modest incorrectness can have fatal outcomes. Imprecise pipettes, one of the most crucial tools in any lab, can accommodate probing outcomes and squander valuable time, resources, and materials. They play an important part in precise liquid dispensing for a gamut of applications from molecular biology to drug detection. However, deterioration, inappropriate management, and alternate elements can speedily render pipettes imprecise, endangering the probity of the total experiment. To face these provocations, consistent pipette calibration is crucial to ensure that the tool delivers the craved magnitude with the needed preciseness.
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Key Market Stats:
- The pipette calibrators market size was valued at USD 275.48 million in 2023.
- The market is anticipated to grow from USD 292.39 million in 2024 to USD 479.02 million by 2032.
- The market is expected to exhibit a CAGR of 6.4% during the forecast period.
Major Findings from the Report:
- The market for pipette calibrators is expected to increase significantly due to decreased labor prices, curtailed mistakes, and the preciseness of pipettes utilized in liquid handling chores.
- The pipette calibrators market segmentation is mainly based on offering, method, channel type, application, end-use, and region.
- In 2023, North America registered as the largest market share.
Pipette Calibrators Market Drivers and Trends:
- Automated Liquid Handling Systems: With mechanized liquid handling systems becoming more frequent, the demand for dependable calibrators has risen. These instruments assure maximal performance conveying exact proportions important for several laboratory applications. Additionally, an amalgamation of progressive technologies such as robotics and AI improves calibration procedures.
- Technological Innovations: Technological inventions are impacting the market trend, improving laboratory accuracy and productivity. Automation involving automated calibration and real-time observing decreases mistakes and pushes productivity. Amalgamation with laboratory information systems smoothens data management, enhancing workflow.
- Progression in Biotechnology: Progression in biotechnology and pharmaceutical research has enhanced the demand for accurate laboratory equipment, particularly pipette calibrators. These tools guarantee preciseness in crucial processes such as DNA sequencing and drug detection. The pharmaceutical industry's concentration on precision medicine has strengthened the global pipette calibrators market demand.
- Rising Demand for Quality Control: The healthcare sector’s growing requirement for quality control has stimulated the growth of the market. These gadgets are important for sanctioning the preciseness of pipettes utilized in diagnostic processes. With healthcare degrees becoming stricter, accurate estimations are necessary for precise diagnosis and productive cures.
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Market Challenges:
The demand for pipette calibrators market growth is anticipated to be constrained by escalating commencing funding prices that behave as a restricting element in the market. While necessary for sanctioning precise pipette computation, the advanced expenses for buying calibration systems and instruction workforce can be suppressive for smaller laboratories.
Industry’s Prominent Players:
- A&D Company, Limited
- Accuris Instruments
- Advanced Instruments
- Avantor, Inc.,
- Bio-Rad Laboratories, Inc.
- Brand GmbH + Co Kg
- Calibration Lab
- Eppendorf AG
Geographical Landscape:
In 2023, North America accounted for the most pipette calibrators market share. This is due to technological inventions, strict directives, and the existence of critical industry players. The region's progressive healthcare framework, together with sizeable funding in research and development, pushes the demand for accurate calibration equipment.
Moreover, due to augmenting biotechnology and pharmaceutical industries, the Asia Pacific region is anticipated to grow at the quickest rate over the forecast period, with a robust compound annual growth rate (CAGR).
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Market Segmentation:
By Offering Outlook:
- Devices
- Software
By Method Outlook:
- Photometry
- Gravimetry
- Others
By Application Outlook:
- Clinical Diagnostics
- Research
- Others
By Channel Type Outlook:
- Single Channel
- Multi-Channel
By End Use Outlook:
- Pharmaceutical and Biotechnology
- Hospitals
- Research Institutes
- Others
By Region Outlook:
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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