Market Introduction
A pipette tip helps a pipette to dispense a specific volume of liquid. Pipette tips are made of polypropylene and are both disposable and reusable in nature. Disposable pipette tips are a class of consumable products that aids in preventing the chances contamination in laboratories. In research experiments and diagnostic tests, disposables pipette tips provide better results. Furthermore, since these products are not reusable, they help to eliminate the need for reprocessing.
Moreover, the growing research in biotechnology sector is expected to bolster the market growth during the forecast period. However, the reuse of plastic pipette tips limits the growth of the South and Central America disposable pipette tips market.
South & Central America is witnessing a growing number of COVID-19 cases; for instance, in Brazil, the number of cases increased. With the outbreak of second wave COVID-19, there has been an increasing number of cases in the Latin American countries. Currently, the country is rapidly increasing its clinical programs to fight against the novel corona virus. There has been a rising focus on genomic sequencing and tests. For instance, after two days of Latin America's first case of COVID-19, the researchers at Adolfo Lutz Institute (IAL), the University of São Paulo (USP) in Brazil, and the University of Oxford published the complete genome sequence for the SARS-CoV-2 in March-2020. Moreover, In July 2020, Vale Institute of Technology (ITV) and Fiocruz planned to carry out the most extensive genome sequencing study of the new coronavirus (Sars-CoV-2) so far developed in Brazil. Vale invested R$ 2.4 million in the research. Such initiatives will bring significant growth of market in long run.
Market Overview and Dynamics
The South and Central America disposable pipette tips market is projected to reach US$ 166.6 million by 2028 from US$ 88.5 million in 2021; it is anticipated to grow at a CAGR of 9.5% from 2021 to 2028. The emerging economies create significant opportunities for the key market players to expand their businesses. It is likely to be a prime factor contributing to the market growth during the next few years. Advancements in biotechnology have increased the demand for diagnostics and research in the healthcare market, encouraging more significant technologies. Also, the rising shift toward personalized medicine or precision medicine is likely to increase the liquid handling process in research and diagnostics laboratories. There are new opportunities in infectious disease testing, molecular oncology, and pharmacogenomics in emerging countries. Hence, healthcare companies can target patients or consumers in developing countries. Major players in the industry have been investing a significant amount of their revenue in R&D activities to develop better and advanced products and technologies to be used in the healthcare industry. Thus, the market is anticipated to provide potential growth opportunities during the forecast period for liquid handling consumables.
Key Market Segments
In terms of type, the non-filtered pipette tips segment accounted for the largest share of the South and Central America disposable pipette tips market in 2020. Further, based on application, the research institutions segment held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the disposable pipette tips market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Eppendorf AG, Thermo Fisher Scientific Inc., Sartorius AG, Tecan Trading AG, Corning Incorporated, Socorex Isba SA, INTEGRA Biosciences AG, and Analytik Jena GmbH.
Reasons to Buy Report
SOUTH AND CENTRAL AMERICA DISPOSABLE PIPETTE TIPS MARKET SEGMENTATION
By Application
By Country
Companies Mentioned
Strategic insights for the South and Central America Disposable Pipette Tips provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 88.5 Million |
Market Size by 2028 | US$ 166.6 Million |
Global CAGR (2021 - 2028) | 9.5% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | South and Central America
|
Market leaders and key company profiles |
The geographic scope of the South and Central America Disposable Pipette Tips refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The South and Central America Disposable Pipette Tips Market is valued at US$ 88.5 Million in 2021, it is projected to reach US$ 166.6 Million by 2028.
As per our report South and Central America Disposable Pipette Tips Market, the market size is valued at US$ 88.5 Million in 2021, projecting it to reach US$ 166.6 Million by 2028. This translates to a CAGR of approximately 9.5% during the forecast period.
The South and Central America Disposable Pipette Tips Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Disposable Pipette Tips Market report:
The South and Central America Disposable Pipette Tips Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Disposable Pipette Tips Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Disposable Pipette Tips Market value chain can benefit from the information contained in a comprehensive market report.