A laboratory bottle-top dispenser is a medical device used in laboratories for the accurate dispensing of liquids into containers used in various experiments. It is available in digital as well as manual form. It is the most commonly used medical device in the research laboratories. Factors such as rising drug demand, research & development activities, and increasing cases of diseases, and the necessity of developing their medication provide a propelling force to the laboratory bottle-top dispenser market. For instance, as per the Centers for Disease Control and Prevention, in the U.S., it has been estimated that each year in the U.S., about 71,500 new cases of gynecological cancers are diagnosed, including cervical, ovarian, uterine, vaginal, and vulvar cancers. Several factors, including a surge in diagnostic laboratories, increasing awareness regarding the usage of medical devices, rising screening tests for prevalent diseases like diabetes, and unhealthy lifestyles, and increased investments from the government, public, and private sectors in research departments are driving the growth of the market during the forecast period.
The Laboratory Bottle-Top Dispenser Market is expected to grow at a steady rate of around 5.8% due to prevalent advancements in medical devices. For instance, in February 2021, CooperSurgical announced the acquisition of AEGEA Medical of California. This will aid in building the company’s growing portfolio of medical products. Several other factors, such as rising communicable diseases and unhealthy lifestyles are leading drivers of vaginal specula globally. For instance, according to the BMC Public Health, in July 2023, the prevalence of unhealthy lifestyles was 86.4% for diet, 14.5% for alcohol, 6.0% for tobacco, 72.2% for physical activity, 42.3% for screen time, and 63.9% for sleep duration. According to the 2021 National Survey on Drug Use and Health (NSDUH), 29.5 million people ages 12 and older had an Alcohol Use Disorder (AUD) in the year 2020. Apart from this, accelerated diagnostic tests with advanced therapeutics with faster treatment procedures and better accuracy are also driving this market of laboratory bottle-top dispensers at a steady rate.
Based on type, the market is bifurcated into digital and traditional. The traditional segment held the maximum share in the global market of laboratory bottle-top dispenser market in 2022. This segment dominated the market because of the feasibility of using these dispensers which does not require any kind of pre-operation training. Also, traditional dispensers are manually operated and are precise or accurate in the measurement of liquids. Rising research & development activities are propelling this segment. For instance, as per Demand for Grants 2021-22 Analysis of India, in 2021-22, the highest allocation which is 47% of the total within this Science and Technology Department was towards Biotechnology Research and Development. These factors are propelling the traditional segment at a uniform rate in the laboratory bottle-top dispensers market.
Based on materials, the market is categorized into glass, plastic, and ceramics. The glass segment is expected to hold a significant share of the market in the forecast period owing to its potential feature of protecting dispensers from corrosion due to strong acids. Plastic speculums work well in laboratories as their transparency helps with visibility, and accuracy while performing experiments. The surge in diagnostic tests globally is driving the growth of this segment. For instance, according to the World Health Organization, a global total of 6.4 million people were tested for tuberculosis in 2021, out of these 5.3 million (83%) had pulmonary tuberculosis. Such factors are propelling the growth of the glass category amongst materials in the forecast period.
Based on application, the market is categorized into pharmaceutical and biotechnology companies, clinical and reference laboratories, and others. The pharmaceutical and biotechnology companies segment held a significant share of the market in 2022 attributed to the rising demand for sterilization-free medical products. They eliminate the possibility of contamination during medical examination. Rising pharmaceutical collaborations are driving the growth of this segment. For instance, on September 14, 2023, the Mayo Clinic and major medical device product developer GE HealthCare announced that they had entered into a strategic collaboration to advance their medical device portfolio. Thus, pharmaceutical and biotechnology companies held a significant share of the market in 2022 amongst applications.
For a better understanding of the market adoption of laboratory bottle-top dispensers, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is expected to grow with a high CAGR in the global laboratory bottle-top dispenser market in the forecast period. Several factors such as the development of a wide range of diagnostic tests, enhanced accessibility, increasing cases of communicable and non-communicable diseases, and diversified healthcare costs are driving the market’s growth during the forecast period. For instance, according to the National Institute of Health in 2022, there were approximately 4,820,000 and 2,370,000 new cancer cases in China. Further, the presence of key medical device companies in the region, and the surge in government initiatives and special communities are also having a positive impact on the market’s growth. There have been significant improvisations and enhancements in women's health diagnostics in the region. Thus, amongst regions, APAC is expected to witness higher CAGR during the forecast period.
Some of the major players operating in the market include BRAND GmbH + CO KG; Eppendorf SE; Grifols, S.A.; Hamilton Company; Labsciences, Inc.; Merck KGaA; METTLER TOLEDO; MICROLIT; Nichiryo Co., Ltd.; Sartorius AG.
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Laboratory Bottle-top Dispenser Market
2.2. Research Methodology of the Laboratory Bottle-top Dispenser Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE LABORATORY BOTTLE-TOP DISPENSER MARKET