Graduated Cylinder Market to grow at a CAGR of 8.92% during 2024-2028
The Graduated Cylinder Market is expected to grow at a CAGR of 8.92% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 534.46 million. The global graduated cylinder market is experiencing significant growth due to the increasing demand from quality control laboratories across various industries, including pharmaceuticals, cosmetics, and food and beverages. These laboratories prioritize the use of advanced, high-throughput equipment to execute routine quality testing tasks efficiently and accurately. Stringent regulatory requirements mandate the adoption of the latest lab equipment and systems to ensure product safety and purity. Consequently, the expanding network of research laboratories is driving market growth for graduated cylinders during the forecast period.
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Technavio analysts predict that the Borosilicate graduated cylinder subsegment will lead the Product segment during 2024 and 2028 The graduated cylinder market is experiencing robust growth due to the increasing demand for advanced laboratory equipment in sectors such as pharmaceuticals and food and beverage industries for quality control and research and development applications. Borosilicate cylinders, with their superior temperature resistance, are particularly preferred in chemical and pharmaceutical processes. Compared to alternative materials like plastics, metals, and others, borosilicate glass offers a smooth, unobstructed surface for enhanced process monitoring. Moreover, the non-reactive nature of borosilicate glass ensures no catalytic effect or interaction with the process medium.
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There are several factors that are causing the market to flourish rising healthcare industry
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Graduated cylinders are scientific laboratory instruments used for measuring the volume of liquids in commercial, medical, physics, biology, and chemistry applications. These measuring cylinders come in various materials, including borosilicate glass, plastic, and even wine-inspired designs resembling lab decanters. They are available in different sizes and markings, ranging from cubic centimeters (cc) to milliliters (mL). Commercially, graduated cylinders are used in various industries for chemical research applications and large-scale volume measurements. In medical laboratories, they are essential for preparing and measuring medications and biological samples. In physics and chemistry teaching labs, they are indispensable tools for demonstrating and practicing volume measurements. These cylinders come with scale markings and some even feature a pouring spout for easy and precise pouring. They are available in various materials, including borosilicate glass, plastic, and even beakers and flasks with graduated markings. Hospitals, research institutions, and educational institutions are significant consumers of these versatile laboratory tools. Borosilicate graduated cylinders offer durability and resistance to thermal shock, making them suitable for high-temperature applications. Plastic graduated cylinders are lightweight and shatter-resistant, making them a popular choice for educational settings. Glass graduated cylinders offer transparency, allowing for easy visual inspection of the contents. Overall, graduated cylinders are essential tools for precise measurement of liquids in various industries and educational settings.
The Global Graduated Cylinder Market is a significant segment of the expansive Global Healthcare Equipment Market, according to Technavio's market research. This market encompasses organizations involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are utilized in the diagnosis, monitoring, and treatment of diverse diseases. Technavio determines the size of the Global Healthcare Equipment Market by aggregating the revenues generated by manufacturers of diagnostic equipment and devices across multiple therapy areas. The Healthcare Equipment Industry is segmented into Devices, which incorporates advanced, differentiated, and clinically tested data-driven devices.
The Graduated Cylinder Market is experiencing significant growth, fueled by the rising healthcare industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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