The Pipette Tips Market refers to the industry involved in the manufacturing and distribution of disposable pipette tips used in laboratories, research facilities, and other scientific settings. Pipette tips are essential accessories for pipettes, which are commonly used in various applications, including molecular biology, biochemistry, microbiology, and pharmaceutical research.
The Pipette Tips Market is anticipated to reach USD 680.40 million in 2022 and USD 1.47 billion in 2032, growing at an 8.0% CAGR. Pipette tips market growth and future prospects are primarily being driven by ongoing product innovation, rising R&D spending, and an increase in the number of healthcare facilities, diagnostics, and liquid handling systems.
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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.
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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.
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.
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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
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By Technology:
- Robotic
- Non-robotic
By Applications:
- Diagnostics and Healthcare
- Pharma and Biotech
- Academia and Education
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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