Global Pipettes and Pipettors Market to Reach $996.2 Million by 2012, According to New Report by Global Industry Anal... ( Breakthrough...)

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Global Pipettes and Pipettors Market to Reach $996.2 Million by 2012, According to New Report by Global Industry Analysts, Inc.

Date:11/10/2008

Breakthroughs in the human genome project coupled with phenomenal growth in large-scale applications such as combinatorial chemistry is expected to fuel demand for standard as well as highly specialized laboratory equipment. Global Pipettes and Pipettors market is projected to reach $996.2 million by 2012.

San Jose, CA (PRWEB) November 10, 2008 -- Pipettes and pipettors are treated as an integral part of any research laboratory. Large-scale applications in life sciences and biomedical research continue to drive the use of advanced pipettes and pipettors. With increase in diagnostic tests and biotech research, pipetting has become a more frequent process in laboratories worldwide. Currently, protein research is in the limelight, following successful sequencing of human genome and improvements in protein research technology. New products now incorporate automation features, resist contamination, handle corrosive and hazardous fluids, and are usable for repetitive procedures. The trend towards miniaturization of liquid handling capabilities has led to fully integrated, multiple-application equipment with a wide range of functionality and customization.

As stated by the recent report published by Global Industry Analysts Inc., worldwide pipettes and pipettors market is dominated by Europe and United States, which together account for 60.3% share of dollar sales estimated in the year 2008. Asia-Pacific, the next largest regional market for pipettes and pipettors is expected to offer the strongest growth opportunity flaunting the potential to grow at a projected CAGR of about 5.7% over the years 2011 through 2015. The rising emphasis laid by developing countries on technology intensive areas such as biotechnology, pharmaceuticals,
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