The global pipette tips market is gearing up for unprecedented growth, as recent market analyses project an impressive Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2032. In 2022, the market boasted a revenue of US$ 680.40 million, and industry experts foresee a substantial surge, catapulting the market to an estimated valuation of US$ 1.47 billion by 2032.
Pipette tips, the indispensable components in laboratory workflows across diverse industries such as pharmaceuticals, biotechnology, and research, are experiencing a consistent rise in demand. This surge is attributed to advancements in life sciences and research activities, driving the need for precise and efficient liquid handling solutions. This increasing demand stands as a pivotal force behind the remarkable growth trajectory of the global pipette tips market.
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The exponential growth of the pipette tips industry is a testament to the crucial role it plays in facilitating laboratory operations worldwide. As laboratories in pharmaceuticals, biotechnology, and research intensify their focus on precision and efficiency, the demand for high-quality pipette tips is poised to soar.
Notable industry analysts are optimistic about the sustained growth, citing the expanding applications of pipette tips in various sectors. The versatility of these essential components in catering to evolving research needs is expected to further propel the market forward.
This growth trajectory signifies not only the market’s potential but also the industry’s commitment to providing cutting-edge solutions that meet the evolving demands of the scientific community. The global pipette tips industry is poised to shape the future of laboratory operations, contributing significantly to advancements in life sciences and research.
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.
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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.
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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