Pipette and Pipette Tips Market Size, Share, Growth, and Industry Analysis by Type (Pipette, Pipette Tips), by Application (Colleges and Universities, Hospital, Research Institute, Others), and Regional Insights and Forecast to 2031

Updated On: 08 April 2024

PIPETTE AND PIPETTE TIPS MARKET REPORT OVERVIEW

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The global pipette and pipette tips market size was USD 2545.12 million in 2022 and will touch USD 3995.15 million by 2028, exhibiting a CAGR of 7.8% during the forecast period.

A pipette is a laboratory piece of equipment used to handle liquid samples. Pipette tips are attachable parts of pipettes that facilitate precise aspiration and dispensing of liquids. Pipettes and pipette tips are commonly used laboratory instruments in the field of biotechnology, pharmaceuticals, and chemical research. A pipette is a manual or electronic device used to transfer a precise and accurate volume of liquid, while pipette tips are disposable attachments placed on the end of a pipette to prevent sample cross-contamination. 

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered the Market Due to Unexpected Disruption in The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use of Innovative Products to Boost the Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

PIPETTE AND PIPETTE TIPS MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into Pipette, Pipette tips.

Pipette tips will capture the maximum market share through forecast period.  

Pipette market refers to the industry that provides laboratory equipment used for accurately measuring and transferring small volumes of liquids. It includes various types of pipettes, such as manual, electronic, and multichannel pipettes, catering to different laboratory needs

Pipette tips market refers to the sector supplying disposable tips that are attached to the end of the pipettes to prevent cross-contamination between samples.

• By Application Analysis

According to application, the market can be segmented into colleges and universities, hospital, research institute, others

Pipette and pipette tips market players cover segment as hospital will dominate the market share during forecast period.

Colleges and universities -Pipettes are used extensively in biology, chemistry, biochemistry, and other science laboratories for educational and research purposes. The need for teaching students about laboratory techniques and conducting academic research drives demand in this segment.

Hospital -Clinical and diagnostic labs within hospitals, pipettes are essential for various tests and analyses, including blood tests, drug level testing, and other diagnostic assays. The increasing need for accurate diagnostic procedures and the growth in healthcare services contribute to the demand.

Research institute -Research institutes, including those focusing on life sciences, pharmaceutical research, and biotechnology, use pipettes for a wide range of experimental and research applications. The growth in research activities, especially in fields like genomics, proteomics, and drug discovery, drives the demand in this segment.

Others- It include various other users like private laboratories, government research labs, environmental testing labs, and food and beverage testing labs. The use in these sectors can range from routine testing to specialized research and development activities.

DRIVING FACTORS

"Development in pharmaceutical industries to Boost the Market Growth"

Growth in pharmaceutical industries across the world is also increasing the demand for R&D in the pharmaceutical sector, thus increasing the demand for pipettes which subsequently increases the demand for pipette tips across pharmaceutical industry. Growing focus on personalized medicine and the rising demand for biopharmaceuticals are projected to provide several growth opportunities for pipette and pipette tip manufacturers.

"Technological Advancement and Innovation to Upsurge the Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the pipette and pipette tips market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. Innovations in pipette design for better accuracy, precision, and ease of use, such as electronic and multichannel pipettes, stimulate market growth.

RESTRAINING FACTOR

"Maintenance and Calibration Requirements to Hamper the Market Growth"

Regular maintenance and calibration required for precision instruments can be a hindrance, particularly for smaller labs with limited resources. Technical difficulties will reduce the industry revenue.

PIPETTE AND PIPETTE TIPS MARKET REGIONAL INSIGHTS

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"North America to Dominate the Region Due to Presence of Large Number of Biotechnology and Pharmaceutical Companies"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

North America is further expected to witness growth in the pipette and pipette tips market share. The region is dominating the market due presence of a large number of biotechnology and pharmaceutical companies, extensive research and development activities, and high healthcare expenditure. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships to Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List of Market Players Profiled

• Corning (U.S.)
• Sartorius (Germany)
• Brand (U.S.)
• Hamilton (U.S.)
• Integra Biosciences (Switzerland)

INDUSTRIAL DEVELOPMENT

December 2023: PerkinElmer, a leading global analytical services and solutions provider, today announced that it has acquired Covaris, a leading developer of solutions to empower life science innovations.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.