PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472157
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472157
Global Pipette Calibrators Market is valued at approximately USD 252.15 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2023-2030. Pipette calibrators are specialized instruments used to verify and adjust the accuracy of pipettes, which are crucial for precise liquid measurement in laboratories. These calibrators ensure that pipettes are functioning correctly and delivering accurate volumes according to established standards. They offer features like volume settings, multiple calibration modes, digital displays, and data recording capabilities. Pipette calibrators are compatible with various types of pipettes and generate calibration certificates detailing measured parameters and deviations. They play a critical role in assuring quality control in scientific and analytical procedures, preserving measurement precision, and improving experimental reproducibility. The imposition of stringent quality standards and regulations, the growing focus on data precision and accuracy, and the rise in the trend of automation are the most prominent factors that are propelling the market demand across the world.
In addition, the rapid expansion of the pharmaceutical & biotechnology industries is poised to prompt the demand for pipette calibrators at a substantial rate. These include the growing emphasis on data integrity and product quality, the usage of automated liquid handling systems expanding, the FDA and other regulatory agencies imposing strict quality requirements, and the growing emphasis on precision and accuracy in laboratory operations and analysis. The necessity for dependable calibration instruments, such as pipette calibrators grows as research and development activities in these areas continue to grow to guarantee precise measurements and adherence to industrial norms. As per Statista, in 2018, the global pharmaceutical sector generated revenue of USD 1204.8 billion, and the amount increased and reached USD 1423.5 billion in 2021. Also, the pharmaceutical industry is anticipated to progressively grow, which in turn, accelerates the market growth globally. Moreover, the increase in genomics and proteomics research, as well as the rise in adoption of digital and electronic pipettes presents various lucrative opportunities over the forecasting years. However, the high cost of pipette calibration systems and the presence of alternative technologies are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Pipette Calibrators Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increased government funding for life science research, the concentration of key industry players, the rise in the development and adoption of pipette calibrators compliant with industry standards, and substantial R&D investments by pharmaceutical and biopharmaceutical firms. Whereas Asia Pacific is expected to grow at the highest CAGR over the forecast years. The increasing adoption of pipettes across various industries, the growing focus on quality assurance, and the presence of stringent quality standards and regulations are significantly propelling the market demand across the region.
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable