Number of pages: 100 | Report Format: PDF | Published date: October 14, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 1.47 billion |
Revenue forecast in 2030 |
US$ 2.07 billion |
Growth Rate |
CAGR of 3.90% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
application, product, technology, and region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global disposable pipette tips market was valued at US$ 1.47 billion in 2021 and is expected to register a revenue CAGR of 3.90% during the forecast period.
Market Fundamentals
Pipette tips are consumables that are often used in laboratories to carry specific volumes of liquids. A pipette has a tip at the end and was created specifically to provide top quality for scientific research operations in laboratories worldwide. It has several uses in forensic testing, diagnostics, clinical research, biotech, the pharmaceutical sector, and academic life science research. Polypropylene is primarily used in the production of pipette tips. These tips are for single-use and autoclavable accessories are used with pipettes to take in and dispense liquids. Laboratories make use of micropipettes. Pipette tips can be used in research/diagnostic labs to distribute liquids into a well plate for PCR testing.
[543543]
Market Dynamics
In molecular biology, pipettes are of essential use since measurements must be exact and error-free. Therefore, increased demand for pipettes from molecular biology sector is expected to contribute to market revenue growth during the projected period. Additionally, biotechnology companies around the world are making efforts to provide cutting-edge products and solutions to treat ailments without making mistakes.
Other factors expected to drive the market revenue growth include increased R&D spending, enhanced healthcare infrastructure, and technological advancements in the healthcare industry. However, the rising cost of raw materials is expected to constrain the market revenue growth to some extent.
Market Ecosystem
The global disposable pipette tips market has been analyzed from four perspectives: application, product, technology, and region.
Disposable Pipette Tips Market by Application
Based on the application, the global disposable pipette tips market is segmented into diagnostics & healthcare and pharma and biotech.
The pharma & biotech segment holds the largest revenue share in the global disposable pipette tips market. The large revenue share of this segment is attributed to factors such as increased pipette usage and increased R&D activities in the pharmaceutical sector. Furthermore, biotechnology companies use molecular biology techniques and this factor is expected to fuel the global disposable pipette tips market revenue growth. Apart from this, the high usage of pipette tips for quality control checks in the pharmaceutical sector is also expected to support the market revenue growth.
On the other hand, the diagnostics and healthcare segment are also expected to register significant revenue growth during the forecast period. This growth is attributed to increased diagnosis practices and lab work.
Disposable Pipette Tips Market by Product
[324234]
Based on the product, the global disposable pipette tips market is segmented into standard, low-retention, and filtered pipette tips.
The standard pipette tips segment dominates the market in terms of revenue share. The growth of standard pipette tips is attributed to their high accuracy and precision, ease of use, better efficiency, and time-saving benefits.
The low retention tips segment is expected to register significant revenue growth during the forecast because they prevent wastage, are more accurate, and are easier to handle for labs. Furthermore, to lower the liquid's surface tension during pipetting and avoid reagent loss, low retention tips employ air gap technology which reduces the amount of dead volume necessary with conventional pipettes, so that lab techniques do not unintentionally add that volume.
Disposable Pipette Tips Market by Technology
Based on technology, the global disposable pipette tips market is segmented into non-robotic and robotic.
The non-robotic segment accounts for the majority of the market revenue share. The large revenue share of the non-robotic segment is attributed to the high usage of non-robotic pipette tips in manual operating systems.
The robotic segment is expected to register significant revenue growth during the forecast period due to its high usage in PCR, DNA, and gel loading methods. Furthermore, the segment is also growing due to its increased use in molecular biology for research and development purposes.
Disposable Pipette Tips Market by Region
Based on the region, the global disposable pipette tips market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America accounts for the majority of the market revenue share. Factors such as a sizable demand for research from pharmaceutical and biotechnology facilities, growing R&D spending, the presence of established players in the region, and the expansion of the pharmaceutical industry are responsible for the high market revenue growth in this region.
Asia Pacific is expected to be a significant market for pipette tips during the forecast period, with China being the region’s largest pipette tip market. Countries like India, Japan, and South Korea are the key markets in this region. Have R&D firms with substantial R&D spending.
The Middle East and Africa are expected to become emerging markets for pipette tips.
Competitive Landscape
The prominent players operating in the global disposable pipette tips market are:
High usage of disposable pipette tips in molecular biology, increased R&D spending, enhanced healthcare infrastructure, and technological advancements in the healthcare industry are the major factors governing the revenue growth of the disposable pipette tips market.
Thermo-Fisher Scientific, Eppendorf AG, Sartorius AG, Mettler Toledo International Inc., Greiner Group AG, and Biotix, Inc. are among the key companies operating in the disposable pipette tips market.
The rising cost of raw materials is the major factor restraining the revenue growth of the global disposable pipette tips market.
The global disposable pipette tips market is expected to register a revenue CAGR of 6.80% during the forecast period.
*Insights on financial performance is subject to availability of information in public domain