DUBLIN–(BUSINESS WIRE)–July 22, 2022–
The “Pipette Tips Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added to ResearchAndMarkets.comoffer.
Pipette tips are disposable and sterilizable accessories that can be used to disperse liquids using a pipette. Many laboratories use micropipettes. The researcher/diagnostic laboratory can disperse liquids in well plates using pipettes for PCR testing. A microbiology laboratory can also use micropipette tips to disperse its industrial products. Each tip has a different capacity in microliters, which can range from 0.01 ul to 5. ml.
End caps are molded plastic and contents are easily visible. Types of micropipettes available in this market include sterile or non-sterile, filtered (or unfiltered) micropipettes and should be DNase, RNase DNA, DNA and Pyogen free. The pipette tips market is expected to grow at a CAGR of 7.5% during the forecast period 2022 to 2030.
- Scientific Thermo-Fisher
- Sartorius AG, CORNING INC.
- Mettler Toledo
- Greiner Group AG
Rising R&D initiatives in the healthcare segment remain the main driver
Biotech and pharmaceutical companies around the world are focused on developing innovative products and solutions to treat disease with almost no risk of error. The disposable pipette tips market is expected to grow due to expanding pharmaceutical market, R&D investments and increasing drug approvals globally.
In 2020, global healthcare R&D spending was approximately US$33 billion. With companies investing more and more to improve their products, this market is expected to experience strong demand. The healthcare industry has made significant technological advancements in pipetting materials. These include high quality glass and plastics.
The standard product segment dominates the market
Considering the items, the global market has also been organized into standard tips, filtered pipette tips, low retention tips, and others (huge volume, extended length pipette tips, wide orifice tips, and gel loading tips). The standard product segment topped the market revenue in 2021. A standard tip is used for various purposes in laboratories. This segment contributed around 35% of the revenue share in the same year.
North America remains the market leader
The global pipette tips market can be geographically classified into North America & Europe, Asia-Pacific, Middle East & Africa, South America & Europe. According to market forecast studies, the largest market for pipette tips in the world is North America. The United States should be the largest market in the world. Canada remains the second largest market in North America. Europe is a major market for pipette tips.
According to the 2017 EU R&D Scoreboard 2017, 557 R&D companies in Europe (EU) had R&D investment above €200 billion. The health sector held more than 22% share. The main markets in this region are Spain, Germany, France, Italy and the United Kingdom. These countries have significant investments in R&D in the health sector.
Emerging economies promise significant opportunities
Asia-Pacific will be an important market for pipette tips during the forecast period. China is expected to become the largest regional market for pipette tips in APAC. According to the EU R&D Scoreboard 2018 (China 2017), there were around 440 R&D companies with R&D investment above €70 billion. Health industries had a 3.4% share. India, Japan and South Korea are also important markets. The Middle East and Africa will be another important market for pipette tips. The GCC will be the largest market for pipette tips in the region, closely followed by South Africa. Brazil is likely to be an important South American market for pipette tip products during the forecast period.
The market must become competitive with increasing consolidation
The market is very concentrated. Hence, the pipette tips market comprises few players dominating the market. however, most revenue still comes from the few major players in the market.
The report intensely focuses on major market players, key marketing strategies, major focus areas in terms of product portfolio and geographical presence, list of mergers and acquisitions, product launches, R&D initiatives , key patents, partnerships and joint ventures and other current and expected valuable information. movements of competitors in the market for pipette tips.
Key questions answered by this report
- What are the key micro and macro environmental factors impacting the growth of the Pipette Tips market?
- What are the major investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecasts and market projections till 2030.
- Which segment represents the fastest CAGR during the forecast period?
- Which market segment has a larger market share and why?
- Are low- and middle-income economies investing in the pipette tips market?
What is the largest regional market for the pipette tips market?
- What are the market trends and dynamics in emerging markets such as Asia-Pacific, Latin America, Middle East and Africa?
- What are the key trends driving the growth of the Global Pipette Tips Market?
- Who are the leading competitors and what are their key strategies to strengthen their presence in the global pipette tips market?
For more information on this report, visit https://www.researchandmarkets.com/r/fixffn
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INDUSTRY KEYWORD: HEALTHCARE CHEMICALS/PLASTICS MEDICAL SUPPLIES MANUFACTURING
SOURCE: Research and Markets
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PUB: 07/22/2022 12:14 PM/DISC: 07/22/2022 12:14 PM