According to the report published by Allied Market Research, the global Pipette Tips Market generated $1.5 billion in 2021, and is estimated to reach $2.3 billion by 2031, witnessing a CAGR of 4.1% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful 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.
Due to liquidity constraints and limited working capital, the initial impact of the second wave’s initial impact was heaviest on small enterprises and merchants. But However, with emerging COVID-19 pandemic also came an emerging need to discover vaccines and a cure for the virus, which, in turn, increased the demand of for pipette tips and the drug development procedures required sterility and confined doses that are procured by pipette tips. Hence, overall COVID-19 had a positive impact on the pipette tips market.
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Key Market Players :
| Analytik Jena GmbH, Corning Incorporated, Eppendorf, INTEGRA Holding AG, Labcon, Mettler Toledo, Sartorius AG, Socorex Isba SA, Tecan Trading AG, Thermo Fisher Scientific, Inc. |
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.5 billion |
| Market Size in 2031 | $2.3 billion |
| CAGR | 4.1% |
| No. of Pages in Report | 210 |
| Segments covered | Type, Technology, End User, Region |
| Drivers | Increase in demand for molecular biology |
| Rise in investment in R&D activities | |
| Opportunities | Enhanced healthcare infrastructure |
| Development of cutting-edge production and solutions to treat diseases with zero errors | |
| Restrains | Rise in raw material costs |
| Scarcity of cost-effective and skilled labor |
Covid-19 Scenario:
- The liquidity constraints and limited working capital during the first wave of pandemic negatively affected the small enterprises and merchants.
- To curb the spread of the virus, the governments across the globe shut down airports and commercial and domestic transit, which had a negative impact on manufacturing activities.
- At the same time, significant drop in economic activities, increase in prices of raw materials, dearth of labor, and disrupted supply chain worsened the market condition even more.
- However, during the pandemic, the need for discovering vaccines and cure for Covid-19 increased, which fueled the demand for pipette tips. The drug development procedures required sterility and confined doses are procured by pipette tips.
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