Meticulous Research®—a leading global market research company, published a research report titled, ‘Liquid Handling Systems Market By Type (Automated, Electronic, Manual), Product (Pipette, Consumables, Burette, Software, Microplate), Application (Drug Discovery, Cancer & Genomics, Clinical), End User (Hospital, Diagnostic Lab) - Global Forecast to 2029’
According to this latest publication from Meticulous Research®, the liquid handling systems market is projected to reach $6.99 billion by 2029, at a CAGR of 6.4% from 2022 to 2029. The growth of this market is attributed to factors such as rapid growth and expansion of the pharmaceutical & biotechnology industry, increasing R&D expenditure of biopharmaceutical companies, rapid adoption of automation in laboratories, and growing demand for high-throughput screening. In addition, emerging economies and growing genomics and proteomics research are expected to provide significant growth opportunities for this market.
However, the high costs of automated liquid handling systems are restraining the growth of this market to a notable extent. In addition, factors such as the slow adoption of automation among small & medium-sized laboratories and additional training required by the laboratory personnel for operating automated robotic liquid handling workstations are the major challenges to the growth of this market.
Liquid Handling Systems Market: Future Outlook
The liquid handling systems market is segmented by type, product portfolio, application, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country and regional levels.
Based on type, in 2022, the automated liquid handling systems segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to the advantages of automated liquid handling systems, such as accuracy, high efficiency, high performance in a cost-effective manner, and high demand for high-throughput screening.
Based on product, in 2022, the pipette segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to factors such as the recurrent use of pipettes in liquid handling, its ability to measure smaller quantities of analytes, and the wide range of applicability of various types of pipettes.
Based on application, in 2022, the drug discovery is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to the growing research in the field of drug discovery owing to the high demand for novel personalized drugs.
Based on end user, in 2022, the biotechnology & pharmaceutical industries segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to high R&D expenditure in the biotechnology & pharmaceutical companies and collaboration between companies to develop novel therapeutics.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and the Middle East & Africa.
In 2022, North America is expected to account for the largest share of the global liquid handling systems market, followed by Europe and Asia-Pacific. North America’s large market share is attributed to the factors such as the region’s robust biopharmaceutical industry, high healthcare expenditure, high demand for high-throughput screening, and high investments in research & development.
The key players operating in the liquid handling systems market are Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Eppendorf AG (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), Tecan Group Ltd. (Switzerland), PRIMADAG SAS (France), BRAND GMBH + CO KG (Germany), Hudson Robotics (U.S.), SPT Labtech (U.K.), F. Hoffmann-La Roche Ltd. (Switzerland), QIAGEN N.V. (Netherlands), and Mettler-Toledo International, Inc (U.S.).
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