Global Pipette Tips Market Set for Significant Growth, Projected to Reach USD 1.47 Billion by 2032

The global pipette tips market is on the cusp of substantial growth, with recent analyses predicting a robust Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2032. This impressive growth trajectory is expected to elevate the market to an estimated valuation of USD 1.47 billion by 2032, a significant increase from its 2022 revenue of USD 680.40 million.

Pipette tips, essential components in laboratory workflows across pharmaceuticals, biotechnology, and research sectors, are experiencing a steady rise in demand. This surge is primarily driven by advancements in life sciences and research activities, which necessitate precise and efficient liquid handling solutions. As laboratories and research facilities increasingly focus on accuracy and efficacy in their procedures, the demand for high-quality pipette tips continues to grow.

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Industry experts highlight that the global pipette tips market’s remarkable growth is underpinned by the continuous evolution of research methodologies and the increasing emphasis on precise liquid handling. As scientific research and technological innovations advance, the need for reliable and accurate laboratory equipment, such as pipette tips, becomes ever more critical.

The projected growth underscores the industry’s adaptability and responsiveness to evolving technological landscapes and scientific advancements. As laboratories worldwide continue to innovate and explore new frontiers, the demand for high-quality pipette tips remains robust.

“As industries such as pharmaceuticals, biotechnology, and research continue to evolve, the demand for precise liquid handling solutions has become more pronounced,” says FMI. “This projected growth reflects the market’s resilience and its ability to meet the evolving needs of various industries.”

With innovation driving the industry forward, stakeholders are poised to capitalize on emerging opportunities and enhance their market presence. As the global pipette tips market surges ahead, stakeholders are urged to stay abreast of industry trends and technological advancements to unlock the full potential of this burgeoning sector.

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.

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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

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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