The global pipette tips market is on track for robust expansion, with a projected Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2032. This growth is expected to drive the market’s valuation from USD 680.4 million in 2022 to an impressive USD 1.47 billion by 2032, fueled by the growing demand for high-quality liquid handling solutions across industries such as pharmaceuticals, biotechnology, and research.
Pipette tips, essential components in laboratory workflows, are integral to accurate and efficient liquid handling in various scientific and medical fields. As advancements in life sciences and research continue to accelerate, the need for precise and reliable laboratory tools has skyrocketed. Laboratories and research institutions, emphasizing accuracy and efficiency, are increasingly turning to innovative pipette tips to meet these demands.
Industry experts attribute this exceptional growth to the continuous evolution of research methodologies, alongside an increasing focus on precise liquid handling technologies. As scientific research and technological breakthroughs evolve, the demand for high-performance laboratory equipment, particularly pipette tips, is expected to remain strong.
“The impressive growth of the global pipette tips market reflects the industry’s ability to adapt to the ever-changing technological and scientific landscapes,” says a representative from FMI. “As the pharmaceuticals, biotechnology, and research sectors continue to evolve, the need for precision liquid handling solutions has become more critical than ever.”
Key Market Insights:
- Product Segment: The standard pipette tips segment leads the market, accounting for 32.5% of the total revenue. This segment is expected to maintain a strong growth trajectory in the coming years.
- Technology Segment: The non-robotic pipette tip segment is anticipated to hold the largest revenue share of 56.4% through 2032, driven by its widespread use in traditional laboratory settings.
- Application Segment: The pharmaceutical and biotechnology sector dominates the market, contributing 32.3% of total revenue, and is forecasted to grow at the fastest rate during the forecast period.
- Regional Insights: North America currently leads the global market, contributing 37.5% of the total revenue, driven by a high concentration of research institutions and pharmaceutical companies.
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Emerging Opportunities:
With technological innovation advancing rapidly, the pipette tips market is primed for substantial growth. Stakeholders are encouraged to stay ahead of emerging trends, leveraging technological advancements to maximize opportunities in this burgeoning market.
Recent Market Developments:
- Strategic Collaborations: In 2022, Moderna, Inc. and Thermo Fisher Scientific Inc. announced a 15-year strategic collaboration to support large-scale manufacturing of Moderna’s COVID-19 vaccine and other mRNA medicines. This partnership has driven increased demand for laboratory supplies, including pipette tips.
- Expansion Initiatives: Thermo Fisher Scientific invested USD 140 million to expand its laboratory plastics production capacity, addressing the heightened global demand for pipette tips during COVID-19 testing and vaccine development.
- Acquisitions: Sartorius acquired Biological Industries Ltd., further strengthening its position in the cell culture and molecular biology research product sectors.
Key Market Players:
The pipette tips market features several major players, including Thermo Fisher Scientific, Sartorius AG, CORNING INC., Mettler Toledo, Tecan Trading AG, Hamilton Company, and Eppendorf AG, among others. These companies are actively pursuing strategic initiatives such as product development, collaborations, regional expansions, and acquisitions to enhance their market presence.
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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