Portland, Ore., Aug. 04, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global Pipette Tips Market generated $1.5 billion in 2021 and is expected to reach $2.3 billion by 2031, witnessing a CAGR of 4.1% from 2022 to 2031. The report provides in-depth analysis of top segments, changing market trends , the value chain, key investment pockets, competitive scenario and regional landscape. The report is an essential and useful source of information for leading market players, investors, new entrants and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Report coverage and details:
|Market size in 2021||1.5 billion dollars|
|Market Size in 2031||2.3 billion dollars|
|Number of pages in the report||210|
|Covered segments||Type, Technology, End User, Region|
|Drivers||Increasing demand for molecular biology|
|Growth in investment in research and development|
|Opportunities||Improved health infrastructure|
|Developing cutting-edge manufacturing and disease treatment solutions with zero errors|
|Holds||Rising costs of raw materials|
|Shortage of cost-effective and skilled labor|
- Liquidity constraints and limited working capital during the first wave of the pandemic negatively affected small businesses and merchants.
- To limit the spread of the virus, governments around the world closed airports and commercial and domestic transit, which had a negative impact on manufacturing activities.
- At the same time, the significant decline in economic activity, rising commodity prices, labor shortages, and disrupted supply chains further worsened the market.
- During the pandemic, however, the need to discover vaccines and a cure for Covid-19 increased, fueling the demand for pipette tips. Drug development procedures require sterility and limited doses are delivered with pipette tips.
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The report offers detailed segmentation of the global pipette tips market based on type, technology, end user, and region. The report provides analysis of each segment and sub-segment with the help of tables and figures. This analysis helps investors, market players and new entrants in determining the sub-segments to leverage for growth in the coming years.
On the basis of type, the unfiltered pipette tips segment accounted for the highest share in 2021, contributing nearly three-fifths of the total share, and is expected to maintain its leadership status during the forecast period. In addition, the segment is expected to exhibit highest CAGR of 4.5% from 2022 to 2030. The report also offers segment analysis of the Filtered Pipette Tips.
On the basis of end-user, the pharmaceutical and biotechnology company segment held the largest share in 2021, accounting for nearly half of the global pipette tips market, and is expected to maintain its dominance in terms of revenue till 2031. However , the academic and research institute segment is expected to witness the highest CAGR of 5.4% during the forecast period.
On the basis of technology, the handheld segment dominated the market in 2021, accounting for nearly three-fifths of the market, and is expected to maintain its leading position throughout the forecast period. However, the automated segment is expected to show the highest CAGR of 4.7% during the forecast period.
On the basis of region, North America accounts for the highest share in 2021, contributing more than two-fifths of the total market share, and is projected to continue its leadership status until 2031. However, the market in Asia Pacific is expected to depict the fastest CAGR of 5.4% during the forecast period. The study also analyzes regions including Europe and LAMEA.
The leading players in the global Pipette Tips market analyzed in the research include Analytik Jena GmbH, Eppendorf Corporate, Corning Incorporated, Labcon, Integra Holding AG, Sartorius AG, Mettler Toledo, Tecan Trading AG, Sacorex ISBA SA and Thermofisher Scientific Inc.
The report analyzes these key players in the global Pipette Tips market. These players have adopted various strategies such as new product launches, expansion, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio and development of each market player.
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“We have also published several syndicated market studies in a similar area that may be of interest to you. Below is the report title for referenceconsidering the impact of Covid-19 on this market, which will help you assess the impact of the pandemic on the short-term and long-term growth trends of this market.”
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