Meticulous Research®, a prominent global market research firm, has released a 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 their latest findings, the liquid handling systems market is anticipated to achieve a valuation of $6.99 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2029. Factors driving this growth include the rapid expansion of the pharmaceutical and biotechnology sectors, increased research and development investments by biopharmaceutical firms, widespread adoption of laboratory automation, and rising demand for high-throughput screening technologies. Furthermore, emerging economies and advancements in genomics and proteomics research are expected to offer substantial growth prospects for this market.
However, significant challenges hinder market growth, notably the high costs associated with automated liquid handling systems. Additionally, slower adoption rates among small and medium-sized laboratories, along with the need for extensive training of laboratory personnel to operate robotic liquid handling workstations, pose further obstacles to market expansion.
Liquid Handling Systems Market: Future Outlook
The market for liquid handling systems is categorized based on type, product range, application, end-user sectors, and geographic regions. The research also includes an assessment of industry rivals and examines market dynamics at both national and regional scales.
Based on type, in 2022, the automated segment of liquid handling systems is projected to dominate the market. This dominance is driven by the benefits of automated systems, including precision, efficiency, cost-effectiveness, and their significant role in high-throughput screening applications.
Based on product, in 2022, the pipette segment is anticipated to hold the largest market share in the liquid handling systems market. This dominance is due to factors such as the frequent use of pipettes for liquid handling tasks, their capability to accurately measure small quantities of substances, and their versatility across different types of applications.
Based on application, in 2022, the drug discovery sector is projected to hold the majority share of the liquid handling systems market. This dominance is driven by increasing research activities focused on drug discovery, spurred by the rising demand for innovative personalized medications.
Based on end user, in 2022, the biotechnology and pharmaceutical industries segment is projected to dominate the liquid handling systems market. This significant market share is attributed to substantial research and development investments by biotechnology and pharmaceutical companies, as well as collaborative efforts aimed at developing innovative therapeutics.
The research report examines key geographical regions including North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa.
In 2022, North America is expected to hold the largest portion of the global liquid handling systems market, followed by Europe and Asia-Pacific. North America's leading position is due to factors such as its robust biopharmaceutical industry, substantial healthcare expenditure, strong demand for high-throughput screening technologies, and significant investments in research and development initiatives.
Key Playres
Major players in the liquid handling systems market include 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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Key questions answered in the report-
• Which market segments show high growth in terms of type, product, application, end user, and region/country?
• What was the historical global market size for liquid handling systems?
• What are the market forecasts and projections for the period 2022–2029?
• What are the primary drivers, restraints, opportunities, and challenges in the global liquid handling systems market?
• Who are the key players in the liquid handling systems market?
• What does the competitive landscape look like, and who are the leading companies in the global liquid handling systems market?
• What recent developments have occurred in the global liquid handling systems market?
• What strategies have major players adopted in the global liquid handling systems market?
• What are the geographical trends and which regions/countries are experiencing high growth?
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