Pipette Tips Market: Leading Players Envisioned By The Analysts Forecast 2018 – 2026
Rise in demand for liquid handling systems including pipettes across the world is increasing the demand for pipette tips. Rise in incidence of cancer and AIDS is driving research and development in medical science which is increasing the demand for pipettes. Rise in demand for pipettes is increasing the demand for pipette tips in the medical research and development sector. Research and Development (R&D) in healthcare industries is growing since a decade. In 2017, R&D in health industries had a y-o-y growth of 7.7%, which is driving the demand for pipettes and consequently pipette tips.
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Growth in pharmaceutical industries across the world is also increasing the demand for R&D in the pharmaceutical sector, thus increasing the demand for pipettes which consequently increases the demand for pipette tips across the pharmaceutical industry.
The global pipette tips market when segmented by filter type includes non-filtered pipette tips and filtered pipette tips. Based on tip volume, the global pipette tips market can be segmented into low retention pipette tips and large volume pipette tips. In terms of tip length, the pipette tips market can be segmented into standard length pipette tips and extended length pipette tips. Based on packaging type, the global pipette tips market is segmented into bagged pipette tips, stack rack (space saver) pipette tips, and box or rack pipette tips. In terms of end-use, the global pipette tips market is segmented into chemical, pharmaceutical, food and beverage, laboratory testing, and others.
Geographically, the global pipette tips market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to be a major market for pipette tips across the globe during the forecast period. The U.S. is expected to be the largest market in North America and the world. As per 2018 EU (European Union) R&D Scoreboard, in 2017, the U.S. had the largest number of R&D firms (778, with the largest R&D expense of Euro 274.2 Billion) where healthcare industries had a R&D share of 26.7%. Canada is the second most important market in North America. Europe is a significant market for pipette tips. As per 2018 EU R&D Scoreboard, in 2017, EU or Europe had 557 R&D firms with a R&D investment of Euro 200.1 Billion, where healthcare sector had a share of 22.4%. Germany, the U.K., France, Italy, and Spain are major markets in the region with significant investment in R&D in health industries.
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Asia Pacific is expected to be a major market for pipette tips during the forecast period, with China expected to be the largest pipette tips market in the region. As per 2018 EU R&D Scoreboard, in 2017, China has 438 R&D firms with a R&D investment of Euro 71.2 Billion, where industries related to healthcare had a share of 3.4%. Similarly, in 2017, Japan had 339 R&D firms with R&D investment of Euro 99.9 Billion where healthcare industries had a share of 12.4%. South Korea and India are other major markets in the region. Middle East & Africa is expected to be another significant market for pipette tips. GCC is expected to be a major pipette tips market in the region, followed by South Africa. Brazil is likely to be a major market for pipette tips in South America during the forecast period.
Major companies operating in the global pipette tips market are Eppendorf AG, Mettler Toledo, Thermo Fisher Scientific, Sartorius AG, Biotix, Inc., Tecan Trading AG, Corning Inc., Sorenson BioScience, Sarstedt AG & Co. KG, and Hamilton Company, among others.
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