by Automated liquid handling systems are robotic instruments that are widely used in laboratories for various applications like dispensing, dosing, dilution, and mixing of different liquid reagents and samples. They help in minimizing manual errors and carry out repetitive tasks with high accuracy and precision. The growing biotechnology and pharmaceutical industries have increased the demand for these systems to facilitate high-throughput screening processes.
The global Automated Liquid Handling Systems Market is estimated to be valued at US$ 5.34 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The rapidly growing biotechnology industry has been a major driver of growth for the automated liquid handling systems market. There has been significant expansion in biotechnology research as well as investments to develop new drug candidates. These systems help in streamlining various stages of drug discovery processes like assay development, screening of chemical/biological libraries, and clinical sample analysis. Their ability to deliver high accuracy and reproducibility of experimental results has increased their adoption across biopharma companies and research laboratories. Various technological advancements like integration of robotics, machine learning, and Internet of Things are further enhancing the capabilities of these systems.
SWOT Analysis
Strength: Automated liquid handling systems offer better accuracy and precision in liquid transfer due to the elimination of human errors as well as reduced contamination risk.
Weakness: High initial investment costs associated with liquid handling robots and systems may limit their adoption, especially in price sensitive industries.
Opportunity: Rising automation trends across various industries including pharmaceuticals and clinical diagnostics provide significant growth opportunities for automated liquid handling systems.
Threats: Presence of cheaper alternatives like manual pipetting may restrain the demand for premium automated liquid handling systems in some applications.
Key Takeaways
The global automated liquid handling systems market demand is expected to witness high growth over the forecast period of 2024 to 2031. The global Automated Liquid Handling Systems Market is estimated to be valued at US$ 5.34 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031.
Regional analysis:
North America currently dominates the market and is expected to maintain its leading position during the forecast period. This can be attributed to strong presence of key players and rising R&D investments in the region. Asia Pacific is anticipated to register the fastest growth rate owing to increasing healthcare spending and expanding biomedical industry in countries like China and India.
Key players:
Key players operating in the automated liquid handling systems market are BHP Billiton Group, Jinduicheng Molybdenum Co., American CuMo Mining, Thompson Creek metals, Moly Metal LLP, ENF Ltd., Compania Minera Dona Ines De Collahuasi S.C.M., and Freeport McMoran. BHP Billiton Group and Freeport McMoran are the largest players in the market with strong global presence across key regions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
