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Pipette Tips Global Market Size, Share, Emerging Trends, Key Growth, Challenges and Forecast By 2033
Pipette Tips Global Market
According to The Business Research Company's, The pipette tips market size has grown strongly in recent years. It will grow from $2.15 billion in 2023 to $2.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growth in life sciences research, increased diagnostic testing demand, quality assurance in laboratories, advancements in biotechnology, drug discovery and development activities..
The pipette tips market size is expected to see strong growth in the next few years. It will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to continued expansion of life sciences, rise in point-of-care testing, increased molecular diagnostics, global response to health pandemics, stringent regulatory standards.. Major trends in the forecast period include online sales and e-commerce platforms, stringent quality standards and regulations, global impact of pandemics, collaborations and partnerships, market consolidation..
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Market Drivers and Trends:
The rising number of healthcare settings is expected to propel the growth of the pipette tips market going forward. A healthcare setting includes a variety of healthcare-related facilities and services, such as acute care hospitals, urgent care facilities, rehabilitation facilities, nursing homes, and other long-term care facilities. A pipette is a standard yet crucial equipment used in hospitals to precisely and accurately transfer liquid amounts in the microliter range. It is also used for DNA amplification, molecular screening, ELISA (diagnostic test), and kinetic studies. For instance, in May 2023, according to The American Hospital Association, a US-based healthcare industry trade group, the total number of hospitals in the US region increased from 6,093 in 2022 to 60,129 in 2023, and admission in community hospitals increased from 31,393,318 in 2022 to 31,967,073 in 2023. Therefore, the rising number of healthcare settings drives the pipette tips market.
Product innovation is a key trend gaining popularity in the pipette tips market. Major companies operating in the pipette tip market are developing innovative solutions to sustain their position in the market. For instance, in October 2021, Alpha Laboratories Ltd, an India-based company that manufactures a wide range of medical drugs, introduced Nerbe plus premium surface low-retention pipette tips in the UK. The pipettes provide the highest precision and reproducibility with their smooth surface and minimize DNA denaturation, improving reliability and preventing material loss through absorption.
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Major Key Players of the Market:
Eppendorf; Mettler Toledo; Thermo Fisher Scientific; Sartorius AG; Biotix Inc; Corning Incorporated; Greiner Group AG; Canadian Association of Petroleum Producers.; Sarstedt; Brand GmbH; Analytik Jena GmbH; Integra Holding AG; Labcon SCIENTIFIC INSTRUMENTS P LTD; Sacorex ISBA SA; Tecan Trading AG; Mettler-Toledo Rainin LLC; Gilson SOFTWARE SOLUTIONS LLC; Hamilton Company; Bio-Rad Laboratories Inc.; VWR International; Starlab Scientific Co. Ltd.; AHN Biotechnologie GmbH; Sorenson BioScience; USA Scientific; Greiner Bio-One International GmbH; Tecan Group Ltd.; Sarstedt AG & Co.; Crystalgen Inc.; Socorex Isba SA; Drummond Scientific Company
Pipette Tips Market 2024 Key Insights:
• The pipette tips market will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• The Rising Number Of Healthcare Settings As A Driver For The Pipette Tips Market
• Alpha Laboratories' Nerbe Plus Premium Surface Low-Retention Pipette Tips
• North America was the largest region in the pipette tips market in 2023
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