by The Automated Liquid Handling Systems Market is estimated to be valued at US$ 960.98 million in 2020 and is expected to exhibit a CAGR of 9.4% over the forecast period 2021 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Automated Liquid Handling Systems refer to robotic systems that are used for the precise and accurate transfer of liquids in various laboratory processes. These systems find extensive applications in high-throughput screening, drug discovery, genomics, proteomics, and clinical diagnostics. The demand for automated liquid handling systems is driven by the need for increased efficiency and reproducibility in laboratory workflows, as well as the rising focus on drug discovery and development.
Market Dynamics:
The Automated Liquid Handling Systems market is primarily driven by the increasing demand for high-throughput screening in drug discovery processes. The automation of liquid handling tasks enables researchers to handle larger volumes of samples and reduce manual errors. Additionally, the growing prevalence of chronic diseases and the need for advanced diagnostic techniques are fuelling the demand for automated liquid handling systems.
Moreover, advancements in technology, such as the integration of advanced analytics and robotics, are further propelling market growth. These systems provide improved accuracy, precision, and speed in sample handling, thereby increasing the efficiency of laboratory processes. Furthermore, the emergence of personalized medicine and the need for optimized workflows are creating lucrative opportunities for market players in the automated liquid handling systems market.
Segment Analysis:
The automated liquid handling systems market can be segmented based on type, application, and end-user. In terms of type, the dominating sub-segment is the standalone liquid handling systems. These systems are preferred due to their flexibility, ease of use, and ability to handle a wide range of sample sizes and volumes. Additionally, standalone systems offer advanced features such as automated pipetting, sample tracking, and data management. They are widely used in research laboratories and biotechnology companies for various applications such as genomics, drug discovery, and diagnostics.
PEST Analysis:
Political: The political stability and favorable government policies regarding healthcare and research funding in several countries are driving the growth of the automated liquid handling systems market.
Economic: The growing focus on research and development activities in the pharmaceutical and biotechnology sectors, coupled with the increasing investment in healthcare infrastructure, is positively impacting the market.
Social: The rising prevalence of chronic diseases and the demand for personalized medicine are driving the adoption of automated liquid handling systems in the healthcare industry.
Technological: The advancements in robotics and automation technologies have led to the development of more efficient and accurate liquid handling systems, thereby fueling market growth.
Key Takeaways:
The global Automated Liquid Handling Systems Market Share is expected to witness high growth, exhibiting a CAGR of 9.4% over the forecast period. This growth can be attributed to factors such as the increasing demand for high-throughput screening in drug discovery, advancements in genomics research, and the need for accurate and precise liquid handling in diagnostic laboratories.
In terms of regional analysis, North America is the fastest growing and dominating region in the automated liquid handling systems market. This can be attributed to the presence of a well-established healthcare infrastructure, increasing research and development activities, and favorable government initiatives supporting the adoption of automated liquid handling systems.
Key players operating in the automated liquid handling systems market include Aurora Biomed, Inc., Hamilton Company, Tecan Group Ltd, Eppendorf AG, Qiagen N.V., Mettler-Toledo International Inc., Corning, Inc., Bio-Rad Laboratories Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Danaher Corporation, and Thermo Fisher Scientific Inc. These key players are focusing on product development, partnerships, and acquisitions to strengthen their market presence and expand their product portfolio.
Note:
1) Source: Coherent Market Insights, Public sources, Desk research
2) We have leveraged AI tools to mine information and compile it
