Pipettes and Pipettors: A Global Strategic Business Report
San Jose, California (Vocus) October 19, 2010
The usually recession immune laboratory equipment market was impacted by the recent meltdown to an extent in 2008. The industry recorded slowdown in the business during later 2008 and 2009. Purchase of laboratory equipment in the developing regions was also affected by the slump in the economy. However, the laboratory equipment industry fared better than several other industries that recorded decelerating and negative growth rates due to the recession. Following a similar trajectory, demand for pipettes and pipettors also failed to remain immune to the global economic meltdown. Demand for pipettes and pipettors waned in 2008, and with the global economic crisis deepening in 2009, the market for pipettes and pipettors plunged further in 2009. However, with stabilizing economies worldwide and recovery in pharmaceutical, chemical, environmental and food processing industries, global demand for pipettes and pipettors is expected to recover in 2010 and post sizeable growth over the next few years.
Europe represents the largest region for Pipettes and Pipettors worldwide both in terms of unit and value sales, as stated by the new market research report on Pipettes and Pipettors. The United States trails Europe in terms of sales. The market for scientific laboratory instruments, including pipettes and pipettors is likely to expand in the coming years stimulated by the expected recovery in pharmaceutical, food processing and biotechnology industries. Growth-wise, Asia-Pacific is projected to be the fastest growing regional market for pipettes and pipettors in unit as well as value terms. Increase in investments by government agencies and private firms in projects designed to improve product quality is expected to drive market growth. Another factor considered to positively influence the scientific laboratory instruments market is Government initiatives to enhance scientific research capability of its educational and industrial establishments.
Pipette Tips dominate the global Pipettes and Pipettors market, in terms of both unit and value sales. Mechanical Pipettors, the other major product segment, is projected to reach US$209.8 million by 2012. However, fastest growth is likely to emanate from Electronic Pipettors. With ergonomics, precision, and safety becoming the buzzwords in the pipettors market, electronic pipettors are expected to gain share over mechanical ones.
Pipettes have been one of the most commonly used laboratory tools since long. Despite the growing automation trends, a majority of laboratories worldwide continue to use pipettes as the primary means of liquid handling. Shift towards electronic pipettors represents one of the major trends in the Pipettes and Pipettors market. Majority of laboratories across the world prefer to use mechanical pipettors to electronic pipettors. This is mainly due to the fact that electronic pipettors are more expensive and end-users are accustomed to working with mechanical pipettors. However, the scenario is expected to change in the coming years, as electronic pipettors impart superior safety and ergonomic features when compared to mechanical pipettors. Electronic pipettors, with improved performance and higher accuracy, also minimize the probability of human error. A key trend in the market includes increasing importance of aftermarket. The global pipettes industry also comprises an aftermarket segment that deals with pipette accessories, consumables and services. The segment, in line with the overall pipette market, has been witnessing steady growth since past several years. Laboratories around the world use different types of pipettes, each one of which requires tips, stands, filters and services at regular intervals. Thus, aftermarket is expected to witness further growth in the coming years, given the fact that the overall market is set to rise in the near future.
Major players profiled in the report include Biohit OYJ, Brandtech Scientific Inc, Corning Life Sciences, Denville Scientific, Eppendorf AG, Gilson Inc, Hamilton Company, Mettler-Toledo International Inc, Microlit, Nichiryo Co Ltd, Thermo Fisher Scientific Inc, VWR International LLC, Wheaton Science Products, among others.
The report titled “Pipettes and Pipettors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Pipettes and Pipettors markets, impact of recession on the markets, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Pipettes and Pipettors market for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Key segments analyzed include Electronic Pipettors, Mechanical Pipettors, Glass Pipettes, Plastic Pipettes and Pipette Tips. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Pipettes_and_Pipettors_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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