Adjustable Pipettes Market: Key Insights
Adjustable pipettes are laboratory instruments that measure and dispense liquid samples in precise volumes. These pipettes have an adjustable volume setting that allows the user to change the volume of liquid dispensed easily. The adjustable pipettes market is growing demand for precision and accuracy in liquid handling. The accuracy and precision of adjustable pipettes are crucial in various industries, such as biotechnology, pharmaceuticals, and chemical research, where small volumes of liquid samples need to be handled and measured.
Moreover, adjustable pipettes are relatively inexpensive, and their cost-effectiveness is driving market growth. Additionally, adjusting pipettes reduces the cost of laboratory consumables and reagents, contributing to market growth.
Growing Research in Biotechnology Sector to Drive Adjustable Pipettes Market
The biotechnology sector is considered as an emerging industry in the global arena. Growing inventions and innovation in the sector are continuing to expand worldwide. As a result, the biotechnology hubs have cropped up in niche cities of U.S., such as San Francisco, Raleigh, and Chicago. Moreover, regions, such as Europe and Asia, have taken several initiatives to improve the biotechnology sector in their countries. For instance, in September 2007, India announced their first National Biotechnology Development Strategy. Further, in 2015, the Department of Biotechnology (DBT) announced the National Biotechnology Development Strategy 2015–2020, which is also referred as Strategy-II. Focus of the strategy is to create strong infrastructure for research & development, help provide enhancement to understand the new life processes, and utilize the advanced tools for the humanity.
For the technology development, the Department of Biotechnology created a translation network across India with a partnership at a global level. This includes 5 novel clusters, 150 Information Technology Outsourcing (TTOs), 40 biotech incubators, and 20 bio-connect centers. The strategy is focusing on investment for building a strong infrastructure of innovative workforce by creating Biotechnology Education Council and Life Sciences. The extensive research being conducted all around the globe for development of advanced diagnostics and therapeutics requires appropriate equipment and laboratory supplies. This, in turn, is expected to induce the demand for pipettes in the next few years. In addition, academic and research institutes are focusing toward introducing basic and advanced biotechnology concepts to students and researchers, which is expected to foster the growth of the pipettes market during the forecast period.
Adjustable Pipettes Market: Segmental Overview
The adjustable pipettes market is segmented on the basis of volume, channel, and application. Based on volume, the adjustable pipettes market is segmented as 1-2 ml, 5 ml, 10 ml, 25 ml, and others. On the basis of channel, the adjustable pipettes market is categorized as single-channel pipettes and multichannel pipettes. On the basis of application, the adjustable pipettes market is categorized as hospital, specialty clinic, diagnostic laboratory, academic research institute, and pharmaceutical & biotechnology company.
Based on application, the market is segmented as hospital, specialty clinic, diagnostic laboratory, academic research institute, and pharmaceutical and biotechnology company. The hospital segment of the healthcare market can contribute to market growth in various ways. Factors includes the increasing number of hospital admissions due to the growing prevalence of chronic diseases and an aging population. Additionally, the advancements in medical technology and the increasing focus on providing high-quality patient care are also anticipated to drive the growth of the hospital market. Furthermore, the increasing emphasis on cost containment in healthcare is driving the growth of the hospital segment, as more procedures are being performed in an outpatient setting, which is less expensive than inpatient care. Additionally, the growing use of telemedicine and remote patient monitoring can also drive the growth of the market as it allows hospitals to provide care to patients in remote locations and improve the efficiency of care.
Adjustable Pipettes Market: Competitive Landscape and Key Developments
Thermo Fisher Scientific, Accuris Instrument, Hamilton Company, VWR International, Integra Biosciences AG, Eppendorf AG, Gilson, Sartorius AG, Artel, and Greiner Bio-One International GmbH among the key players operating in the adjustable pipettes market. These companies have a widespread presence worldwide, which provides lucrative opportunities to serve a large number of customers and expand the market.
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