Healthcare News Pipettes and Accessories Market | Page 3

REPORT DESCRIPTION
Pipettes and Accessories Market :
Increasing research and development in the field of pharmaceuticals and biotechnology due to high
prevalence of infectious diseases and cancer are the major factors driving the pipettes and accessories
market growth. According to 2012 European Union Industrial R&D Investment Scoreboard, the
pharmaceutical and biotechnology sectors represented 17.7% of business R&D expenditure in the world.
Pharmaceutical companies are increasingly focusing on conducting research and development activities as
well as outsourcing such activities to academic and private research institutes. This in turn is increasing
demand for liquid handling systems such as pipettes. Pharmaceutical companies are also increasingly
outsourcing their research activities to privately-owned Contract Research Organizations (CRO) to maintain
their presence in the growing pharmaceutical and biotechnology market. For instance, in May 2018, Ritter
Pharmaceuticals, Inc., a manufacturer of novel therapeutic products entered into an agreement with
Medpace, a CRO to conduct the first of two pivotal Phase 3 clinical trials for RP-G28 among patients with
lactose intolerance.
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