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Disposable Pipette Tips Market Is Anticipated to Grow up to USD 315.9 Million by 2032 | Thermo-Fisher Scientific, Eppendorf AG, Sartorius AG, Mettler, Toledo International Inc.

12-22-2023 12:41 PM CET | Health & Medicine

Press release from: Global Insight Services

Disposable Pipette Tips Market Is Anticipated to Grow up to USD

Pipette Tips are disposable, autoclavable attachments for the uptake and dispensing of liquids using a pipette. Micropipettes are used in a number of laboratories. A research/diagnostic lab can use pipette tips to dispense liquids into a well plate for PCR assays. Filtered pipette tips are disposable. They're made from high-quality plastic that allows smooth transfer of liquids. These tips prevent contamination, as well as keep the liquids from aspirating into the barrel.

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The global Disposable Pipette Tips Market was valued at USD 98.4 Million in 2022 and it is anticipated to grow up to USD 315.9 Million by 2032, at a CAGR of 12.4% during the forecast period.

Market Trends and Drivers
Companies involved in biotechnology are trying harder than ever to create novel products and solutions that will treat diseases ideally. Additionally, the expanding pharmaceutical industry, rising R&D expenditures, and increase in research and development necessitate the launch of new products, making the research procedure easier to some extent. Companies investing more money to improve their products would likely result in a rise in global R&D investment in the healthcare sector.

Major Players in the Global Disposable Pipette Tips Market
The key players in the Disposable Pipette Tips Market are Thermo-Fisher Scientific, Eppendorf AG, Sartorius AG, Mettler, Toledo International Inc., Greiner Group AG, Biotix, Inc., Hamilton Company, Tecan Trading AG, Corning Inc., Sarstedt AG & Co.KG among others.

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COVID-19 Impact
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 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. To counter this, key players created additional production capacity for significant laboratory items like pipette tips, to secure the supply of research and diagnostic facilities. During the second half of 2020, a significant increase in sales revenues was witnessed, especially in the USA and Europe. Pipette tips manufacturers like Eppendorf are building a new plant for high-quality laboratory consumables made of functional high-tech polymers. These aforementioned factors played a crucial role in increasing the demand for pipette tips during COVID-19.

Recent Developments
In April 2022, Eppendorf Group, announced its expansion by building a new plant for high-quality laboratory consumables made of functional high-tech polymers.
In 2022, Moderna, Inc, and Thermo Fisher Scientific Inc., announced a 15-year strategic collaboration agreement to enable dedicated large-scale manufacturing in the U.S. of Spikevax, Modernas COVID-19 vaccine, and other investigational mRNA medicines in its pipeline, which will assist in increased use of essential lab supplies like pipette tips.

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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