Report : Disposable Pipette Tips Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Non-Filtered Pipette Tips and Filtered Pipette Tips), Application (Research Institutions, Hospitals, and Others), and Product Type (Robotic Pipette Tips, Non-Robotic Pipette Tips), and Geography
According to our new research study on "Disposable Pipette Tips Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, Product Type" the market is expected to reach US$ 166.57 million by 2028 from US$ 88.51 million in 2021; it is estimated to grow at a CAGR of 9.5% during 2021–2028. The report highlights trends prevailing in the market and drivers and hindrances pertaining to the market growth. Factors such as growing research in the biotechnology sector and increasing advancements in the healthcare sector drive the market growth. However, the reuse of plastic pipette tips hinders the market growth.
Based on type, the disposable pipette tips market is bifurcated into non-filtered pipette tips and filtered pipette tips. In 2021, the non-filtered pipette tips segment accounted for a larger share of the market. Non-barrier tips are the workhorse of any lab and are usually the most affordable option. These tips come in large quantities (i.e., in a bag) and pre-racked (i.e., in racks that can be easily placed into boxes). The non-filtered pipette tips are either pre-sterilized or non-sterilized. The tips are available for manual pipettes as well as automated pipettes. The majority of market players, such as Labcon, Corning Incorporated, and Tecan Trading AG, offer these types of tips. Further, the filtered pipette tips segment is anticipated to register a higher CAGR of 10.8% in the market during the forecast period. These tips are more convenient and cost-effective than non-filtered tips. Various companies, such as Thermo Fisher Scientific, Sartorius AG, Gilson Incorporated, and Eppendorf, offer filtered pipette tips.
Eppendorf AG, METTLER TOLEDO, THERMO FISHER SCIENTIFIC INC, Sartorius AG, Tecan Trading AG, Corning Incorporated, Socorex Isba SA, INTEGRA Biosciences AG, Labcon, and Analytik Jena GmbH are among the leading companies operating in the disposable pipette tips market. The companies are adopting inorganic and organic growth strategies to expand their global footprints and product portfolio to meet the rising demands for disposable pipette tips. For instance, in September 2021, Thermo Fisher Scientific Inc. declared a US$192.5 million contract award from the US Department of Defense (DoD) to ensure consistent and reliable domestic production of pipette tips, which are used within research and diagnostic labs to discharge precise amounts of liquid. Thus, continuous efforts and investments by the market players to address the rising demands by boosting the production and sales of their products in the domestic and international markets are driving the disposable pipette tips market growth.
Based on type, the disposable pipette tips market is bifurcated into non-filtered pipette tips and filtered pipette tips. In terms of application, the disposable pipette tips market is segmented into hospitals, research institutions, and others. Based on product type, the disposable pipette tips market is bifurcated into robotic pipette tips and non-robotic pipette tips. Geographically, the disposable pipette tips market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).