The global pipette tips industry is poised for substantial expansion, according to recent projections. In 2022, the market showcased a robust revenue of US$ 680.40 Million. Leveraging a promising Compound Annual Growth Rate (CAGR) of 8% over the decade from 2022 to 2032, experts anticipate the market to escalate to an impressive valuation of US$ 1.47 Billion by 2032.
This surge in the pipette tips market is attributed to several factors, including technological advancements, increased research and development activities, and burgeoning demand from various sectors employing precise liquid handling methodologies.
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The steady growth trajectory indicates a significant shift in the global landscape of laboratory equipment and consumables. Pipette tips, a critical component in scientific research and laboratory protocols, continue to witness escalated demand across pharmaceutical, biotechnology, academic research, and clinical diagnostic settings.
“As industries evolve and scientific methodologies advance, the demand for precise liquid handling solutions intensifies,” stated Future Market Insights. “Our commitment to innovation and delivering high-quality, precise pipette tips aligns with the market’s trajectory, ensuring researchers and laboratories have access to reliable tools.”
This substantial growth forecast reflects the confidence and optimism within the industry, marking a pivotal period for companies involved in manufacturing and supplying pipette tips worldwide.
The market expansion also opens avenues for innovation, paving the way for novel materials, improved designs, and enhanced functionalities in pipette tip technology.
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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