Meticulous Research®, a top player in the field of global market research, has published its latest 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.’
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According to the recent analysis from Meticulous Research®, the liquid handling systems market is anticipated to grow to $6.99 billion by 2029, with a projected CAGR of 6.4% from 2022 to 2029. The growth of this market is fueled by the rapid expansion of the pharmaceutical and biotechnology sectors, increasing R&D expenditures by biopharmaceutical companies, the rising implementation of automation in laboratories, and the growing demand for high-throughput screening technologies.
In addition, emerging opportunities in genomics and proteomics research and in developing economies are likely to create further growth potential for this market.
However, the high costs of automated liquid handling systems are a significant restraint on the market’s growth. Other challenges include the slow adoption of automation in small and medium-sized laboratories and the need for additional training in the use of automated robotic systems.
Liquid Handling Systems Market: Key Drivers and Growth Forecast
The liquid handling systems market is segmented based on type, product, application, end user, and region. The report also provides a competitive analysis and examines the market on the regional and country levels.
By type, the automated liquid handling systems segment is expected to dominate the market in 2022, owing to the many benefits of automated systems, such as increased accuracy, efficiency, and the growing demand for high-throughput screening.
In terms of product, the pipette segment is projected to hold the largest share of the market in 2022, driven by the widespread use of pipettes in laboratory settings, their ability to measure small volumes, and their application in a range of industries.
For application, the drug discovery segment is forecasted to account for the largest market share in 2022, due to the growing need for personalized drugs.
Among end users, the biotechnology and pharmaceutical industries are expected to lead the market in 2022, fueled by significant R&D spending and collaborative efforts to develop new therapeutic options.
Regional Market Breakdown and Trends
The report provides an in-depth analysis of the major regional markets, including North America (the U.S. and Canada, U.K., Italy, Spain, and the rest of Europe), Asia-Pacific (featuring Japan, China, India, and other neighboring regions), Latin America, and the Middle East & Africa.
In 2022, North America is projected to capture the largest share of the global liquid handling systems market, followed closely by Europe and Asia-Pacific. The dominant position of North America can be attributed to the region's robust biopharmaceutical industry, significant healthcare expenditure, increasing demand for high-throughput screening technologies, and substantial R&D investments.
Key Playres
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.).
To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/liquid-handling-systems-market-5397
Key questions answered in the report-
- Which are the high-growth market segments in terms of type, product, application, end user, and region/country?
- What was the historical market size for liquid handling systems across the globe?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges in the global liquid handling systems market?
- Who are the major players in the liquid handling systems market?
- How is the competitive landscape, and who are the market leaders in the global liquid handling systems market?
- What are the recent developments in the global liquid handling systems market?
- What are the different strategies adopted by the major players in the global liquid handling systems market?
- What are the geographical trends and high-growth regions/countries?
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