Pipette Tips Market Report Overview
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The global pipette tips market size was USD 1204 million in 2021, as per our research, the market is expected to reach USD 3,429.69 million in 2031, exhibiting a CAGR of 10.3% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with pipette tips market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Disposable pipette-tips are a piece of common lab equipment used to pick up liquid in a precise and hygienic volume. A pipette connects the pipette tip; while many are disposable, some can be used again. Polypropylene is used to make the pipette-tips, which form an airtight seal when attached to the pipette. Pipette-tips are employed in a wide variety of labs and diagnostic facilities for handling a particular volume of liquid, typically on a plate. These pipette tips' clarity allows for improved liquid handling and dispersion since it improves visibility.
The success of the pipette-tips market is attributed to the high demand for various liquid handling systems, pipettes, and pipette-tips. The medical sector, particularly the various research and development industries, boosts the market for pipette-tips. The majority of the market has a strong demand for pipettes, which directly impacts the pipette-tips market.
COVID-19 Impact: Market Progressed Due To R&D Sector Expansion During Pandemic
Governments all across the world were compelled to either shut down fully or partially as a result of the COVID-19 outbreak. The worldwide supply chain and production processes were affected due to so many commercial buildings and industries were shut down. Economic activity declined due to a decrease in demand and a rise in supply. Still, the COVID-19 pandemic increased activity in the research and development sector, which had a beneficial impact on the pipette tips market. The pharmaceutical industry required pipette-tips to create virus vaccinations and other comparable medications during the pandemic.
Latest Trends
"Addition Of Automated Pipette Tips Augments Market Growth"
The pipette-tips market is seeing an up-rise in market growth due to the addition of automatic pipette-tips. In the sectors of biochemistry, biotechnology, and biology, as well as their associated research and development areas, automatic pipette-tips are frequently employed for calibration. The automated pipette-tips are significantly more useful since they give end users greater accuracy while dispersing liquids. The automatic tips’ ability has fueled the pipette tips market growth to lessen the amount of strenuous physical labor required to handle the enormous volume of liquids.
Pipette Tips Market Segmentation
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- By Type Analysis
Filtered pipette tips and non-filtered pipette tips are the two types of pipette tips that can be used to segment the market. Throughout the projection period, non-filtered pipette tips are anticipated to dominate the market in terms of type.
- By Application Analysis
The market can be classified into industrials, hospitals, research institutions, and other categories depending on the application. During the market projection years of 2021–2031, it is expected that research institutes will dominate the market by application.
Driving Factors
"Rising Demand Of Liquid Handling Systems Drive Market Growth"
The market expansion has mostly been fueled by ongoing developments in the research and development sector and the medical and healthcare industry. The market is witnessing increased demand for the product since the pipette and pipette-tips are crucial tools for various labs and diagnostic centers. Due to the development of additional medications, vaccines, and improvements to the existing medications, the pharmaceutical and biotechnology industries are primarily using the product at a high pace; during the COVID-19 outbreak, the demand was even higher. As a result, the market will continue to rise throughout the forecast period.
"Uniquely Varied Tips Proliferate Market Expansion"
According to each industry's requirements, many different types of pipette-tips are available on the market. There are many different types of pipette-tips, including sterile, non-sterile, filtered, and unfiltered pipette tips. The addition of filtered pipette tips has accelerated the safety of handling the liquids and prevented incorrect results from an RT-PCR test, emphasizing the need for filter tips to prevent contamination of liquids from one to another.
Restraining Factors
"Environmental Harm Caused By Disposable Tips Hinders Market Development "
A large number of pipette-tips are disposable, and they make up a big pile of non-chemical lab waste. Since the pipette tips are not usually subjected to recycling by the lab owners, they are thrown out, creating a large waste mass. Polypropylene used to make most pipette tips is long-term harmful to the environment. Due to this factor, the pipette tips market might not expand as quickly.
Pipette Tips Market Regional Insights
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"European Market Dominates Due To Focus On R&D Infrastructure"
Europe has the largest pipette tips market share compared to other competing regions. Due to the high-priority infrastructure of the biopharmaceutical and pharmaceutical sectors, the European region is experiencing a spike in revenue. The boost in innovations in the research and development sector is due to the outbreak of the recent COVID-19 scare since the year 2020. Since the activities in educational institutions such as universities, research centers, the pharmaceutical industry, and the biotechnological sector have linked their operations with major market participants stationed all over the Europe region, the pipette-tips market in that region has also been growing.
Closely followed by Europe is the North American region's market leader for holding the most pipette-tips market share. Most of the market's major players are concentrated in the North American region, which is why it is leading. The area is also more significant since it plays a crucial role in the market's distribution of pipette tips from a strategic standpoint. Moreover, for major pipette tip distribution, the entire region can be reached with only one regulatory approval. In comparison to other countries and areas, the North American region is much more developed and experiencing continuous growth in the healthcare industry.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Eppendorf (Germany)
- Mettler Toledo (U.S.)
- Thermo Fisher Scientific (U.S.)
- Sartorius (Germany)
- Tecan (Switzerland)
- Corning (U.S.)
- Sorensen (U.S.)
- Sarstedt (Germany)
- Hamilton (U.S.)
- Brand (U.S.)
- Integra Biosciences (Switzerland)
- Gilson (U.S.)
- Nichiryo (Japan)
- Labcon (U.S.)
- Socorex (Switzerland)
- DLAB (United Kingdom)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1204 Million in 2021 |
Market Size Value By |
US$ 3 Million by 2031 |
Growth Rate |
CAGR of 10.3% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the global pipette tips market expected to touch by 2031?
The global pipette tips market is expected to touch USD 3,429.69 million in 2031.
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What CAGR is the pipette tips market expected to exhibit during 2021-2031?
The pipette tips market is expected to exhibit a CAGR of 10.3% over 2021-2031.
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Which are the driving factors of the pipette tips market?
Ever-growing demands for liquid handling systems across the world and the different options for pipette tips have been driving the pipette tips market.
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Which are the top companies operating in the pipette tips market?
Some of the notable key players in the pipette tips market are: Eppendorf (Germany), Mettler Toledo (U.S.), Thermo Fisher Scientific (U.S.), Sartorius (Germany), and Tecan (Switzerland) are the top companies operating in the pipette tips market.
