Pipette Tips Market– Statistics And Analysis & Forecast To 2030Posted by Mrudula Karmarkar on October 6th, 2022 The global pipette tips market size is anticipated to reach USD 1.3 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% over the forecast period. The rise in demand for advanced liquid handling systems is boosting the market growth. The rising incidence of newer medical conditions is increasing the requirement for more R&D efforts as well as the demand for advanced automated laboratory medical devices in countries, such as the U.S. and Canada, which is among the major factors driving the market growth. The introduction of automated and robotic pipettes and their growing use in pharma and biotech, diagnostics and healthcare, academics, and education industries are also expected to drive the market during the forecast period. The standard pipette product segment led the market in 2021 due to the multipurpose use and effectiveness of these products. A standard tip is a multi-purpose tip for many laboratory applications with a variety of performance requirements that range from high accuracy to reagent dispensing with greater tolerance. Sterile standard tips are available for applications demanding the highest level of purity. The demand for pipette tips escalated drastically in 2020 due to the COVID-19 pandemic as daily testing at diagnostic centers for virus detection increased. Even though there was a high demand, many companies faced operational and supply chain bottlenecks, which stabilized in 2021. The outbreak of COVID-19 fueled the need for extensive and effective development of vaccines and drugs as pharma and biotech industries are the major consumers of the market. Constant innovation in products, increasing demand for R&D, and a rising number of healthcare settings & diagnostics and liquid handling systems are key drivers responsible for the growth of the market. A pipette is a laboratory instrument to transfer a specific volume of liquid. The pipette is joined at the end with a pipette tip, forming an airtight seal between them. A pipette tip helps a pipette to dispense a specific volume of liquid and is mostly made of Polypropylene (PP) and is both disposable and reusable. In addition, there has been an increasing number of innovations in this product category, which is fueling the product demand in this category. The demand for pipette tips like wide orifice tips, gel loading tips, standard, filtered, low-retention, pipette tips, etc., escalated drastically due to the onset of the COVID-19 in 2020 as they were among the crucial laboratory devices used for identifying the presence of the virus. The U.S filter tips product type segment is expected to witness the fastest CAGR over the forecast period. Robotics held the largest share in 2021. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/pipette-tips-market-report/request/rs1 This can be attributed to the rise in liquid handling systems, increasing diagnostics, and research and development. As per Greiner AG, a manufacturer of laboratory supplies & instruments, countries like the U.K. and Germany have a strong technology partnership with universities, research institutes, and the diagnostic, pharmaceutical, and biotechnological industries, which has increased the demand for pipette tips. The automation and robotization of devices are modifying industry and society. Robotic technology is used for the automation of medical devices as well as pipettes for more accurate and minimal errored results. Pipette Tips Market Report Highlights
Automatic pipettes are used for calibration. Automatic pipettes are used in the biological, biochemical, and microbiological teaching and research laboratories to accurately transfer small liquid volumes. Many diagnostics, pharma, and biotech industries require pipettes for testing. They require these devices in large quantities as well, as pipettes are required in each process in analytical labs, quality testing lab department, etc. Robotics has impacted the industrial outlook through automation. Automated pipettes can take the manual labor out of repeated pipetting and can offer various advantages. Perhaps the most obvious is greatly improved throughput, as the automation frees up time and effort for other tasks. Another benefit is enhanced reproducibility. Automated pipetting removes the variation in pipetting styles of different users. The demand for pipette tips escalated drastically in 2020 due to the outbreak of COVID-19 as daily testing at diagnostic centers for infection detection increased. However, many supply chain bottlenecks were faced as the demand for pipette tips exceeded its supply. New product developments, collaborations, regional expansions, and mergers are key strategic initiatives undertaken by market players. For instance, in April 2022, Eppendorf Group, a key market player, announced its expansion by building a new plant for high-quality laboratory consumables made of functional high-tech polymers. In 2022, Moderna, Inc, a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and Thermo Fisher Scientific Inc., announced a 15-year strategic collaboration agreement to enable dedicated large-scale manufacturing in the U.S. of Spikevax, Moderna’s COVID-19 vaccine, and other investigational mRNA medicines in its pipeline, which will assist in increased use of essential lab supplies like pipette tips. Some of the prominent players in the global pipette tips market include:
Like it? Share it! More by this author |