The global pipette tips industry size is on an upward trajectory, poised for exponential growth with a projected expansion at a promising CAGR of 8% from 2022 to 2032. In 2022, the market recorded a revenue of US$ 680.40 million, and industry analysts anticipate a significant surge, propelling the market to reach a valuation of US$ 1.47 billion by 2032.
Pipette tips, a vital component in laboratory workflows across various industries including pharmaceuticals, biotechnology, and research, are witnessing a steady increase in demand due to advancements in life sciences and research activities. This surge in demand for precise and efficient liquid handling solutions is a key driving force behind the market’s notable growth.
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“The projected growth of the pipette tips market showcases a robust demand for accurate and reliable laboratory equipment,” said Future Market Insights, an industry expert. “With innovations in research methodologies and an increasing focus on precision in scientific experiments, the market is primed for substantial expansion in the coming years.”
The escalating adoption of automated liquid handling systems and technological advancements in pipette tip design for enhanced precision and compatibility with various laboratory instruments are further bolstering market growth. Additionally, the rising investments in research and development activities by key market players to introduce innovative products are contributing significantly to market expansion.
Geographically, North America currently holds a significant share in the pipette tips market, attributed to the presence of established pharmaceutical and biotechnology industries. However, regions such as Asia Pacific are anticipated to exhibit substantial growth owing to burgeoning research and development activities and an expanding biopharmaceutical sector.
As the demand for accurate and efficient liquid handling solutions continues to soar, key market players are strategizing to capitalize on this growth by focusing on product innovation, strategic partnerships, and geographical expansion.
The escalating demand for pipette tips underscores the pivotal role they play in scientific research and experimentation across diverse industries. With the market poised for substantial growth, stakeholders, investors, and industry players are keenly observing the evolving landscape and gearing up to leverage the burgeoning opportunities.
Pipette Tips Market Overview:
The pipette tips market has experienced steady growth in recent years due to the increasing demand for advanced laboratory equipment and the rising focus on research and development activities. The market is driven by factors such as technological advancements, automation in laboratories, and the need for accurate and precise liquid handling.
Key Factors Driving the Market:
- Growing Research and Development: The expanding research and development activities in life sciences, biotechnology, and pharmaceutical industries have created a demand for pipette tips. These tips are used for precise liquid handling, ensuring accurate and reproducible results.
- Advancements in Laboratory Automation: The increasing adoption of laboratory automation systems, including automated liquid handling systems, has significantly boosted the demand for pipette tips. These systems require disposable tips for contamination control and efficient workflow management.
- Increased Focus on Quality and Productivity: Laboratories are increasingly focusing on enhancing productivity and ensuring quality control in their operations. Pipette tips play a crucial role in achieving these objectives by minimizing the risk of cross-contamination and offering reliable performance.
Key Takeaways:
- The standard product segment dominates the pipette tips market in product insight. It accounts for 32.5% of total revenue and is expected to grow at a healthy rate in the future.
- In terms of technology insight, the non-robotic pipette tip segment is anticipated to have highest revenue in the pipette tips market share of 56.4% through 2032 and is expected to grow significantly during the forecast period.
- In terms of application insight, the pharma and biotech segment dominates the pipette tips market, accounting for 32.3% of total revenue. The segment is expected to grow at the fastest CAGR during the forecast period, maintaining its leading position in the pipette tips market.
- North America dominates the pipette tips market, accounting for 37.5% of the total revenue.
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Competitive Landscape:
New market research report on pipette tips will offer valuable insight into the market, with a focus on some of the major players such as Thermo Fisher Scientific, Sartorius AG, CORNING INC., Mettler Toledo, Tecan Trading AG, Hamilton Company, Eppendorf AG, and others.
Pipette tips market participants’ key strategic initiatives include new product development, collaborations, regional expansions, and mergers.
Recent Development:
Collaboration:
- Moderna, Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and Thermo Fisher Scientific Inc. announced a 15-year strategic collaboration agreement in 2022 to enable dedicated large-scale manufacturing in the United States of Spikevax, Moderna’s COVID-19 vaccine, and other investigational mRNA medicines in its pipeline, resulting in increased use of essential lab supplies such as pipette tips.
Expansion:
- Thermo Fisher Scientific announced a $140 million investment to expand its laboratory plastics disposables production in order to meet global demand for pipette tips during COVID-19 testing, as well as for the development and manufacturing of therapies and vaccines.
Acquisition:
- Sartorius has acquired Biological Industries Ltd., a manufacturer of cell culture and molecular biology research products.
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Key Segments:
By Product:
- Standard
- Filtered
- Low-retention
- Others
By Technology:
- Robotic
- Non-robotic
By Applications:
- Diagnostics and Healthcare
- Pharma and Biotech
- Academia and Education
- Others
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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