by Automated liquid handling systems are robots designed to automate the accurate and precise handling, transportation and dosing of liquid samples or reagents across a diversity of industries including pharmaceutical, biotechnology, academic research, clinical diagnostics and chemical manufacturing laboratories. Automated liquid handling systems allow for precise pipetting, dilutions and dispensing of microbiology or molecular biology liquid samples in a consistent and repeatable manner. They offer benefits such as reduced manual labor, higher throughput levels, elimination of errors and greater accuracy and reproducibility of results. The global automated liquid handling systems market features automated systems capable of handling volumes ranging from microliters to milliliters and offering functions like pipetting, dilution, mixing, dispensing and distribution of reagents or samples to prepare plates or tubes for downstream liquid handling instruments and assays. The global Automated Liquid Handling Systems Market is estimated to be valued at US$ 4.63 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Demand for high-throughput capabilities is steadily growing as advanced microfluidics and lab-on-a-chip technologies are helping to automate complex bioassays and miniaturizebenchtop lab workflows onto a single chip. This is enabling high-throughput screening of drugs, cells, antibodies or pathogens across different conditions in parallel. Automated systems equipped with latest microfluidics integration, sensors and analytics software are thus finding increased uptake. Alongside, focus on R&D in precision medicine and personalized healthcare is augmenting the need for automated liquid handling platforms for high-sensitivity assays requiring minute volumes and higher processing capacity to analyze large patient pools. Moreover, biobanks and genomics initiatives worldwide have catalyzed research into rare diseases, driving demand for automation in liquid sample handling.
Porter’s Analysis
Threat of new entrants: Low capital requirement for new entrants poses moderate threat. However, existing key players have strong brand equity and economies of scale.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, switching costs are relatively high.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute components and prominence of in-house manufacturing.
Threat of new substitutes: Threat of substitution is moderate as manual liquid handling provides cost-effective solution for certain non-critical applications.
Competitive rivalry: The market is moderately competitive with presence of global and regional players. Key players differentiate based on technology, throughput, and application expertise.
Key Takeaways
The Global Automated Liquid Handling Systems Market Size is expected to witness high growth.
Regional analysis: The Asia Pacific region dominates the market and is expected to grow at fastest CAGR during the forecast period. This is attributed to rise in pharmaceutical research activities and increasing need for efficient lab management in countries like China and India. North America holds second largest share due to considerable R&D investments by pharmaceutical companies.
Key players: Key players operating in the Automated Liquid Handling Systems are Ingersoll Machine Tools Inc., Automated Dynamics, M.Torres Industrial Designs, SAU, Electroimpact Inc., MIKROSAM, Accudyne Systems, Inc., Fives, and Coriolis Composites. They are focused on introducing innovative liquid handling platforms and solutions to strengthen their positions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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