Overview and Scope
Pipette tips refer to single-use, autoclavable accessories used with pipettes that aid in aspirating and dispensing liquids. They are typically made of plastic and come in various sizes and designs to accommodate different pipette models and applications.
Sizing and Forecast
The pipette tips market size has grown strongly in recent years. It will grow from $2.15 billion in 2023 to $2.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growth in life sciences research, increased diagnostic testing demand, quality assurance in laboratories, advancements in biotechnology, drug discovery and development activities.
The pipette tips market size is expected to see strong growth in the next few years. It will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to continued expansion of life sciences, rise in point-of-care testing, increased molecular diagnostics, global response to health pandemics, stringent regulatory standards. Major trends in the forecast period include online sales and e-commerce platforms, stringent quality standards and regulations, global impact of pandemics, collaborations and partnerships, market consolidation.
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Segmentation & Regional Insights
The pipette tips market covered in this report is segmented –
1) By Product: Standard, Filtered, Low-Retention, Other Products
2) By Technology: Robotic, Non-Robotic
3) By Application: Diagnostics And Healthcare, Pharma And Biotech, Academia And Education, Other Applications
North America was the largest region in the pipette tips market in 2023. The regions covered in the pipette tips market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising number of healthcare settings is expected to propel the growth of the pipette tips market going forward. A healthcare setting includes a variety of healthcare-related facilities and services, such as acute care hospitals, urgent care facilities, rehabilitation facilities, nursing homes, and other long-term care facilities. A pipette is a standard yet crucial equipment used in hospitals to precisely and accurately transfer liquid amounts in the microliter range. It is also used for DNA amplification, molecular screening, ELISA (diagnostic test), and kinetic studies. For instance, in May 2023, according to The American Hospital Association, a US-based healthcare industry trade group, the total number of hospitals in the US region increased from 6,093 in 2022 to 60,129 in 2023, and admission in community hospitals increased from 31,393,318 in 2022 to 31,967,073 in 2023. Therefore, the rising number of healthcare settings drives the pipette tips market.
Key Industry Players
Major companies operating in the pipette tips market report are Eppendorf, Mettler Toledo, Thermo Fisher Scientific, Sartorius AG, Biotix Inc, Corning Incorporated, Greiner Group AG, Canadian Association of Petroleum Producers., Sarstedt, Brand GmbH, Analytik Jena GmbH, Integra Holding AG, Labcon SCIENTIFIC INSTRUMENTS P LTD, Sacorex ISBA SA, Tecan Trading AG, Mettler-Toledo Rainin LLC, Gilson SOFTWARE SOLUTIONS LLC, Hamilton Company, Bio-Rad Laboratories Inc., VWR International, Starlab Scientific Co. Ltd., AHN Biotechnologie GmbH, Sorenson BioScience, USA Scientific, Greiner Bio-One International GmbH, Tecan Group Ltd., Sarstedt AG & Co., Crystalgen Inc., Socorex Isba SA, Drummond Scientific Company
The pipette tips market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
………..
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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