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The global graduated cylinder market size is estimated to grow by USD 534.46 million at a CAGR of 8.92% between 2023 and 2028.
The healthcare industry business has undergone rapid growth in the past few years. Due to the upgrade in the prevalence of diseases such as coronavirus, there is a massive growth in the need for pharmaceutical items such as drugs and vaccinations. Hence, to deliver novel medications and vaccines for diseases such as COVID-19, drug companies have boosted their R&D efforts. Pharmaceutical firms are also additionally concerned with making sure that research and development reach the appropriate audience. There will be a greater need for various chemicals for testing as new pharmaceutical product spending and sales rise and new vaccines are developed. Hence, an increase in R&D investments is a major driver for the growth of the global graduated cylinder market during the forecast period.
Technavio has segmented the market into Product, End-user, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Besides analyzing the current market scenario, our report examines historical data from 2018 - 2022.
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The market share growth by the borosilicate graduated cylinder segment will be significant during the forecast period. In view of the increasing demand for general laboratory equipment in end-user applications, e.g. quality testing and R&D at pharmaceutical companies, as well as food and beverage firms, the worldwide qualified cylinders market is continuing to grow steadily. The borosilicate cylinders' strong resistance to temperature makes them desirable in chemical and pharmaceutical processes.
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The borosilicate graduated cylinder segment was valued at USD 298.72 million in 2018. Likened to plastics, metals, and other construction materials, glass provides a smooth surface that gives an unobstructed view of what is happening inside the device, improving the level of monitoring of each process. As there is no interaction or ion exchange between the process medium and the borosilicate glass, there is also no catalytic effect. The inertness of borosilicate glass also means that it is non-flammable and poses no environmental risk. Thus, due to all such factors, the demand for borosilicate graduated cylinders is increasing, which in turn is boosting the growth of the global graduated cylinder market during the forecast period.
In the global graduated cylinders market, the use of graduated cylinders in various laboratory settings, such as research institutions, educational institutions, and industrial laboratories, is referred to as a laboratory segment. The growth of the pharmaceutical and healthcare sectors also fuels the need for graduated cylinders in laboratory settings. The emphasis on quality control and compliance with regulatory norms in numerous industries also fuels the need for graduated cylinders. Hence, the raised benefit of graduated cylinders in the laboratories segment will drive the growth of the global graduated cylinder market during the forecast period.
The hospitals and clinics segment in the global graduated cylinder market refers to the usage of graduated cylinders in medical facilities for measuring precise volumes of liquids or solutions. The prevalence of diseases is rising, medical technology is improving, and precision medicine is becoming more and more important. Owing to the overall presence of healthcare facilities across the globe, the need for graduated cylinders in hospitals and clinics is high across areas. Due to their developed healthcare systems and ongoing R&D efforts, North America, Europe, and Asia Pacific are the three largest markets for graduated cylinders in hospitals and clinics. Thus, such factors will drive the growth of the global graduated cylinder market during the forecast period.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The well-established pharma industry in the US, the number of diagnostic centers, and the rising investments in the R&D of the pharmaceutical industry are the key factors that boosted the demand for graduated cylinders in North America.
Furthermore, the growing focus on drug development and research, increasing emphasis on food safety and inspection, and the presence of numerous prominent vendors in North America drive the growth of the graduated cylinder market in North America. Hence, the increasing R&D investments in the life sciences and biotechnology industries in North America are anticipated to drive the growth of the graduated cylinder market in North America during the forecast period.
The outbreak of COVID-19 in 2020 had a negative impact on the graduated cylinder market in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. In 2022, most market players associated with the manufacturing of graduated cylinders are focusing on the raised presence on online channels. Hence, with the high penetration of the internet and increased sales on online channels, the graduated cylinder market in North America is expected to witness high growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Avantor Inc.: The company offers graduated cylinders namely VWR cylinders with single scale PP, class A serialized, and hexagonal base TD with spout class A unserialized.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges.
Increasing investments in R&D activities is the key factor driving market growth. The graduated cylinders are frequently used in laboratories and scientific research facilities to measure accurately the volume. Innovative graduated cylinders with enhanced accuracy and user-friendly features have been created because of technological advancements and the growing need for precise measurements. Researchers and scientists are always looking for better ways to measure quantities correctly, and manufacturing companies may fulfill these changing demands by investing in R&D.
Furthermore, investments in R&D can also encourage partnerships between manufacturers and academic institutions, allowing for the interchange of novel ideas and the sharing of expertise. Such collaborations can expedite market expansion and help develop cutting-edge graduated cylinder technology. Consequently, increasing R&D spending in the graduated cylinder industry can progress technology, boost precision, encourage sustainability, and promote collaboration. Thus, such factors will drive the growth of the market during the forecast period.
Increasing demand from quality testing and research laboratories is the primary trend shaping market growth. Laboratories, for instance, quality control laboratories, are part of a number of industries such as pharmaceuticals, cosmetics, and foods and beverages. In order to carry out routine quality control tasks quickly and accurately, such as microbial growth testing, bacterial load testing, or quantitative tests, these laboratories use quality products with a high level ofthroughput.
Furthermore, due to stringent regulatory requirements regarding product safety and purity, industrial environments are increasingly updating their quality testing lab equipment with the latest lab equipment and systems, increasing the demand for graduated cylinders globally. Therefore, with the rising number of research laboratories, the global graduated cylinder market is expected to witness high growth during the forecast period.
The limited application of graduated cylinders is a challenge that affects market growth. In order to carry out laboratory tests and analyses, a graduated cylinder is primarily used by laboratories of hospitals, healthcare facilities, clinical diagnostics centers, pharmaceutical companies, or third parties. During the course of routine laboratory activities, it is mainly used for measuring volumes of liquids, chemicals, or solutions. Graduated cylinders are more accurate than laboratory curves and common cups.
Moreover, graduated cylinders are used to determine the movement, which is a measurement of the variation of a volume of water when extra materials are added. This means that the volume of fixed objects and solutions is determined with the help of a graduated cylinder. As graduated cylinders have limited application, the growth of the global graduated cylinder market Will be limited during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Graduated Cylinder Market Customer Landscape
The graduated cylinder market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Graduated Cylinder Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.92% |
Market Growth 2024-2028 |
USD 534.46 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.06 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 40% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abdos Labtech Pvt. Ltd., Ases Chemical Works, Avantor Inc., Borosil Ltd., Cole Parmer, Controls Spa, DWK Life Sciences GmbH, Eisco Scientific LLC, Gilson Co. Inc., Kartell SpA, Merck KGaA, Narang Medical Ltd., SP Wilmad-LabGlass, Thermo Fisher Scientific Inc., Thomas Scientific LLC, VITLAB GmbH, W.W. Grainger Inc., Dynalab Corp., Paul Marienfeld GmbH and Co. KG, and ProSciTech Pty Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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