Liquid Handling Market Expected to Reach USD 6299.1 Million By 2030
Market Overview: The global market for liquid handling reached a value of USD 3,998.5 million in 2021 and is anticipated to exhibit a robust revenue CAGR of 5.1% throughout the forecast period. Factors driving this growth include increased investments in drug development, clinical trials, and life science research, expansion of the pharmaceutical and biotechnology industries globally, and the growing demand for High Throughput Screening (HTS) along with the rapid adoption of automation.
Liquid handling systems encompass a range of devices and tools used for mixing, combining, and manipulating liquid samples. These systems leverage high levels of automation to ensure precise data and efficient handling capabilities. They enhance operational efficiency through the utilization of transferable pipettes and consumables. Various facilities involved in medication development, life sciences, and genetic projects rely on these products routinely. Liquid handling equipment comes in both electronic and manual varieties, including handlers, plate dispensers, stackers, and those with fixed or disposable tips. These systems support a wide array of laboratory techniques, including ELISA, fluorescence, PCR, nucleic acid preparation, Next-Generation Sequencing (NGS), liquid-liquid extraction, among others.
Get a sample copy of the Liquid Handling Market report: https://www.reportsanddata.com/download-free-sample/5694
Market Dynamics: Drivers: Increased investments in drug development, clinical trials, and life sciences R&D are key drivers of market revenue growth. These investments have led to a surge in demand for liquid handling systems, such as pipettes and automated liquid handling systems, particularly in techniques like ELISA, nucleic acid preparation, PCR setup, and next-generation sequencing.
Restraints: The high cost and complexity of operating advanced liquid handling systems present significant challenges to market growth. For instance, automated liquid handlers can cost between USD 15,000 to USD 200,000, adding substantially to operational costs. Reagent costs further contribute to the operational expenses, limiting market expansion.
Key Insights: Product Outlook: The global liquid handling market is categorized into instruments, consumables, and liquid handling workstations. Instruments, including pipettes, burettes, dispensers, and liquid handling syringes, accounted for a significant share in 2021. Innovations in product development tailored to consumer demands drive growth in this segment. For instance, Hamilton's MICROLAB STAR offers a versatile liquid handling platform suitable for various applications in pharmaceutical and biotechnology sectors.
Application Outlook: Applications of liquid handling include drug discovery and ADME-toxicology research, genomic research, clinical diagnostics, and others. The drug discovery & ADME-screening segment held a substantial revenue share in 2021, fueled by the automation and digitization of liquid handling products, which optimize operational costs and enhance assay miniaturization.
Distribution Channel Outlook: The global market is segmented by distribution channels into direct and indirect channels. Direct channels are expected to dominate, driven by cost-effective equipment procurement, customization options, and enhanced customer relationships.
End-user Outlook: End-users of liquid handling systems include pharmaceutical & biotechnology companies, Contract Research Organizations (CROs), academic and research institutes, among others. Pharmaceutical & biotechnology companies constituted a significant revenue share in 2021, leveraging liquid handling systems throughout the drug discovery process.
Regional Outlook: North America led the market in 2021, owing to rapid technological advancements and the presence of major biotechnology institutes and pharmaceutical companies. Europe is expected to witness steady growth, propelled by rising demand for high-throughput data and government investments in bioclusters and R&D centers. The Asia Pacific region is projected to register rapid growth, driven by the burgeoning healthcare sector and increasing R&D activities.
Competitive Landscape: The global liquid handling market is competitive, with various emerging and established players. Companies employ strategies like mergers, acquisitions, and collaborations to strengthen their market position. Major players include Thermo Fisher Scientific Inc., Danaher, Bio-Rad Laboratories, Inc., Mettler Toledo, Agilent Technologies, Inc., Perkinelmer Inc., among others.
Recent Developments:
- In June 2022, Bio-Rad Laboratories, Inc. launched EconoFit Low-Pressure Prepacked Chromatography Column Packs to support resin screening experiments for protein purification workflows.
- In June 2022, PerkinElmer, Inc. introduced the Research Use Only (RUO) BioQule NGS System, an automated benchtop solution for Next-Generation Sequencing (NGS) library preparation.
- In May 2022, Beckman Coulter Life Sciences announced the AQUIOS STEM System, an evolution in hematopoietic stem cell enumeration, featuring complete automation and reduced turnaround time.
Market Scope: The report covers historical data, forecasts, revenue growth, competitive landscape, and industry trends at the global, regional, and country levels from 2019 to 2030. It segments the market based on product, application, distribution channel, end-user, and region, offering insights into each segment's revenue forecast and consumption patterns. Customization options are available for the report, including expert consultation and up to 10 hours of free customization.
Explore Trending Reports:
Pressure Sensitive Adhesives Market-https://www.reportsanddata.com/report-detail/pressure-sensitive-adhesive-market
Construction Adhesive Market-https://www.reportsanddata.com/report-detail/construction-adhesive-market
Basalt Fiber Market-https://www.reportsanddata.com/report-detail/basalt-fiber-market
Ammonium Nitrate Market-https://www.reportsanddata.com/report-detail/ammonium-nitrate-market
Roofing Systems Market-https://www.reportsanddata.com/report-detail/roofing-systems-market
Polyimide Films Market-https://www.reportsanddata.com/report-detail/polyimide-film-market
Plastic Fasteners Market-https://www.reportsanddata.com/report-detail/plastic-fasteners-market
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/5694
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
Browse Latest Blogs: https://www.reportsanddata.com/blogs
Browse Latest Press Release: https://www.reportsanddata.com/press-release
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian