PUBLISHER: The Business Research Company | PRODUCT CODE: 1414498
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414498
“Pipette Tips Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pipette tips market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pipette tips? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pipette tips market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Pipette tips serve as disposable, autoclavable attachments utilized alongside pipettes to facilitate the precise aspiration and dispensing of liquids. Typically crafted from plastic, they come in diverse sizes and designs, catering to different pipette models and purposes.
These tips are available in several primary types standard, filtered, low-retention, among others. Standard tips are versatile, molded with precision from pure polypropylene, and designed to securely fit various laboratory needs. They encompass both robotic and non-robotic technologies and find application across diagnostics, healthcare, pharmaceuticals, biotechnology, academic and educational settings, and other related fields.
The pipette tips market research report is one of a series of new reports from The Business Research Company that provides pipette tips market statistics, including pipette tips industry global market size, regional shares, competitors with a pipette tips market share, detailed pipette tips market segments, market trends, and opportunities, and any further data you may need to thrive in the pipette tips industry. This pipette tips market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed during the historical period stemmed from several factors the growth in life sciences research, heightened demand for diagnostic testing, a focus on quality assurance within laboratories, advancements in biotechnology, and increased activities related to drug discovery and development.
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%. Anticipated growth in the upcoming period is poised to result from ongoing expansion within life sciences, the escalating prominence of point-of-care testing, heightened utilization of molecular diagnostics, global responses to health pandemics, and the implementation of stringent regulatory standards.
The growing proliferation of healthcare settings is anticipated to drive the expansion of the pipette tips market. These settings encompass diverse healthcare facilities and services, such as hospitals, urgent care centers, rehabilitation facilities, and long-term care homes. Pipettes, crucial equipment in hospitals, enable precise transfer of liquid volumes within the microliter range, playing integral roles in various medical procedures such as DNA amplification, molecular screening, ELISA tests, and kinetic studies. As reported by The American Hospital Association in May 2023, the US witnessed a notable increase in hospital numbers from 6,093 in 2022 to 60,129 in 2023. Community hospital admissions also rose from 31,393,318 in 2022 to 31,967,073 in 2023, indicating a surge in healthcare facilities and driving demand within the pipette tips market.
The upward trajectory of healthcare expenditure is poised to fuel growth in the pipette tip market. Healthcare expenditure denotes the total funds allocated for healthcare goods and services within a defined timeframe, often depicted as a monetary value or percentage of a country's GDP. Increased healthcare spending translates to amplified investment in medical research and development. Pipette tips hold pivotal positions in laboratory settings, particularly in life sciences research, where precise and consistent liquid handling is paramount. For instance, India's public expenditure on healthcare stood at 2.1% of GDP in 2021-22, as highlighted in the Economic Survey of 2022. This surge in healthcare spending is a driving force behind the burgeoning pipette tip market.
Innovation emerges as a significant trend gaining traction within the pipette tips market, with key industry players actively developing novel solutions to fortify their market presence. For instance, Alpha Laboratories Ltd introduced the Nerbe plus premium surface low-retention pipette tips in the UK in October 2021. These pipettes, equipped with smooth surfaces, ensure the highest precision and reproducibility while minimizing DNA denaturation, thereby enhancing reliability and preventing material loss through absorption.
Major companies in the pipette tips market are strategically investing to bolster their market positions. These strategic investments involve deliberate allocation of financial resources to achieve long-term objectives within business or organizational strategies. For instance, in February 2022, Hamilton Co secured a $128,162,524 firm-fixed-price contract to expand its pipette tip manufacturing capabilities. The aim was to establish a domestic source for pipette tips, crucial components for SARS-COV2 diagnostic testing, thereby enhancing domestic testing capacity.
In June 2021, Avantor, a US-based company specializing in chemicals and materials, completed the acquisition of Ritter GmbH for an undisclosed sum. This strategic acquisition aligns with Avantor's objectives to enrich its biopharma and healthcare portfolio by integrating Ritter GmbH's culture of innovation and excellence. Ritter GmbH, headquartered in Germany, is renowned for manufacturing a range of pipette tips, including conductive robotic tips and high-precision consumable tips.
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
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
The countries covered in the pipette tips market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The pipette tips market consists of revenues earned by entities by providing forward pipetting and reverse Pipetting technology. The market value includes the value of related goods sold by the service provider or included within the service offering. The pipette tips market also includes sales of universal tips, wide orifice tips, extended-length pipette tips, wide bore pipette tips, and large-volume tips. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.