The global pipette tips market is poised for remarkable growth, with projections indicating a robust Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2032. This anticipated growth trajectory will propel the market to an estimated valuation of USD 1.47 billion by 2032, up from USD 680.40 million in 2022.
Pipette tips, crucial components in laboratory workflows within the pharmaceuticals, biotechnology, and research sectors, are experiencing an unprecedented surge in demand. This increase is primarily driven by advancements in life sciences and research activities that require precise and efficient liquid handling solutions. As laboratories and research facilities increasingly prioritize accuracy and efficacy, the demand for high-quality pipette tips continues to escalate.
Industry experts attribute this remarkable growth to the continuous evolution of research methodologies and the heightened emphasis on precise liquid handling. As scientific research and technological innovations progress, the need for reliable and accurate laboratory equipment, such as pipette tips, becomes increasingly critical.
“The global pipette tips market’s impressive growth reflects the industry’s adaptability and responsiveness to the ever-evolving technological and scientific landscapes,” says FMI. “As industries such as pharmaceuticals, biotechnology, and research continue to evolve, the demand for precise liquid handling solutions has become more pronounced.”
With innovation driving the industry forward, stakeholders are well-positioned to capitalize on emerging opportunities and enhance their market presence. As the global pipette tips market advances, industry participants are encouraged to stay informed about the latest trends and technological advancements to fully harness the potential of this burgeoning sector.
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.
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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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