Pipette Tips Market Analysis And Demand With Forecast Overview To 2022 to 2032

BySanket Badgujar
Market Research

The Pipette Tips Market is estimated to be worth USD 680.40 million in 2022 and to increase by 8.0% CAGR to USD 1.47 billion by 2032. The expansion of the pipette tips market as well as the prospects in the pipette tips market are primarily being driven by constant product innovation, increased demand for R&D, and an increase in the number of healthcare settings, diagnostics, and liquid handling systems.

The demand for pipette tips is also being fueled by an increase in the number of developments in this product category. Following the emergence of COVID-19 in 2020, pipette tips—such as wide orifice tips, gel loading tips, standard, filtered, low-retention pipette tips, and so on—saw a marked increase in demand as they were among the essential laboratory tools used to detect the virus’s presence.

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The pipette tips market in the United States is predicted to develop at the fastest CAGR during the forecast period for the product type segment of filter tips. The market share for pipette tips was dominated by the robotics sector. Due to an increase in daily testing for infection detection at diagnostic centres brought on by the COVID-19 outbreak, the market for pipette tips saw a sharp spike in demand. However, there were numerous supply chain bottlenecks because there was a shortage of pipette tips.

In the second half of 2020, sales of pipette tips surged dramatically, especially in the United States and Europe. Pipette tip manufacturers are building a new facility for high-quality lab supplies composed of functional high-tech polymers, which will favourably impact the market’s main trends and opportunities as well as its long-term trends.

Eppendorf said that sales of pipette tips have increased and have more than doubled since 2020 in its 2021 Annual Pipette Tips Market Report. This means that demand for pipette tips, particularly robotic pipettes, will increase along with a positive impact on the market’s future trends for pipette tips.

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.

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.

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