Market Trends of Pipette Controllers Industry
Pharmaceutical Industry Holds Significant Share in the Market Over the Forecast Period
- The pharmaceutical industry requires sophisticated and well-calibrated equipment to avoid dosage and formulation errors. During the pipetting process of various fluids in pharmaceutical laboratories, pipette controllers are used to maintain the accuracy and consistency of the fluid in all the samples. Disposable pipettes are frequently included with children's medication purchases. Hence, it is expected to have a significant share of the market.
- The pipette controllers or laboratory pipettors are appropriate for completing pharmaceutical processes such as raw material and final product testing, content uniformity testing, impurity characterization, stability testing and storage, residual solvents testing, sterility testing, and other similar methods. Hence, the new product launches are expected to have significant growth in the market. For instance, in November 2021, Brand Gmbh launched the new pipette controller Accu-Jet S. The new Accu-Jet S from Brand meets both requirements for power and precision and makes work simple, easy, and efficient, which likely propels the market growth.
- Furthermore, the establishment of new pipette calibration laboratories increases the demand for pipette controllers, which is expected to drive the market. For instance, in June 2022, Eppendorf India inaugurated a Sophisticated Pipette Laboratory and Service Hub (SPLASH) at its facility in Ambattur Industrial Estate, Chennai, India. The facility can calibrate up to 100,000 pipettes in a year. The calibration happens the same way as the pipettes used in the laboratory.
- Hence, to increase the standards of the pipette for validation in new calibration laboratories, there is an increase in the demand for pipette controllers, which gives accuracy and consistency for the pipettes and boosts the growth of the market over the forecast period.
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North America is Expected to have Highest CAGR in the Market Over the Forecat
- North America is expected to have significant growth in the market and is expected to continue its stronghold over the forecast period. The United States holds the majority of the market in the North American region, owing to the increasing prevalence of chronic diseases. In addition, there is a rise in per capita health expenditure in the country. In addition, continuous progress in R&D to develop technologies that benefit the human race is one of the major driving factors for the pipette controllers market in the region.
- According to the American Cancer Society's 2023 statistics, there will be an estimated 1,958,310 new cases of cancer in the United States in 2023. Such an increasing burden of new cancer cases increases the demand for new research activities and is likely to propel the usage of pipettes along with pipette controllers in laboratories and is expected to boost the market over the forecast period.
- Furthermore, the high and increasing research and development activities increase the need for pipette controllers, which is expected to propel the growth of the market. For instance, as per the PhRMA report published in July 2022, PhRMA member firms alone invested USD 102.3 billion in R&D in 2021, the largest amount ever. Hence, the high amount of research funding increases the research activities in the region, which is expected to have a significant impact on the growth of the market over the forecast period.
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