Global Pipettes and Accessories Market to Surpass USD 1.8 billion by 2026

The global pipettes and accessories market was valued at USD 1.3 billion in 2017 and is projected to exhibit a CAGR of 4.0 percent from 2018 – 2026. Pipettes are important laboratory tool used to handle measured volumes of liquids. Most clinical and research laboratories are equipped with manual or electronic pipettes for dispensing liquids. Increasing research and development initiatives for the development of novel drugs for diseases such as cancer, diabetes or cardiovascular disorders is expected to drive the pipettes and accessories market growth. According to the data published by the International Federation of Pharmaceutical Manufacturers & Associations, in 2015, over 6000 drug entities were in preclinical trial globally. Pipettes come in various designs including electronic and manual, as well as single-channel or multi-channel pipettes, designed for efficiency while working with varying dishes, plates, and tubes.

Pipetting is often a repetitive task, therefore pipettes must be designed to minimize the risk of hand and upper limb stress. According to a research published by the National Center for Biotechnology Information (NCBI) in 1994, use of conventional pipettes for over 300 hours per year is associated with an increased risk of shoulder and hand infirmities. Key players in the market are focusing on offering new and efficient products for various cell cultures and experimental applications in order to enhance their market share. For instance, to address the ergonomic issues faced by laboratories, in 2011 Hamilton designed SoftGrip pipettes to minimize the amount of fatigue and discomfort typically experienced in pipetting. It reduces the risk factors related with the development of repetitive stress injuries such as carpal tunnel syndrome. – Coherent Market Insights