The global liquidhandling technology market size is estimated to reach USD 6.99
billion by 2025, according to a new report by Grand View Research, Inc.,
exhibiting a CAGR of 8.5% during the forecast period. Rising competition in the
pharmaceutical sector, demand for precision and acceleration in laboratory
workflow, and increased investment in drug discovery and clinical research are
anticipated to boost market growth.
High wages of skilled employees have
encouraged research centers and pharmaceutical players to automate their
processing activities. Higher accuracy levels offered by novel liquid handling
workstations eliminate human errors and provide rapid results. Reduction in
cost by avoiding excess use of expensive reagents, less workforce employment,
and time advantage gained have influenced adoption of high throughput fully automated
liquid handlers.
Though high purchase as well as maintenance
cost, along with complex operability, limits adoption on a wider scale, large
biopharmaceutical players anticipate integration in the coming years.
Groundbreaking innovations such as Next Generation Sequencing (NGS) have
revolutionized the pace of research and drug target screening. Need for
advanced liquid handling technology to support simultaneous screening of
multiple assays and samples further fuels market demand.
Lucrative revenue generation in the market
is attributive to swift adoption of advanced products along with high volume
sales of consumables and small devices. Key players have strategic
collaborations with universities and research centers to support their liquid
handling needs. Acquisition of emerging players in different geographies to
expand their market share is anticipated to increase competition in this
market.
Full research report on liquid handling technology
market analysis: https://www.grandviewresearch.com/industry-analysis/liquid-handling-technology-market
Further key findings from the study suggest:
·
Consumables accounted for the largest share
in market revenue in 2016 owing to low cost and high penetration globally.
Automated workstations, on the other hand, are poised to register the fastest
growth owing to increased scale of research and higher pricing
·
Semi-automated liquid handling is expected
to witness lucrative growth in developing countries such as South Africa.
Increasing significance of CROs in healthcare and pharmaceutical research is
anticipated to drive growth
·
Drug discovery and ADME-Tox research are
estimated to account for the largest share in terms of revenue. This can be
attributed to high competition and need to gain time advantage over
competitors.
·
Rapid adoption of technological advances,
rising pay of highly skilled professionals, and presence of dominant players
have contributed to North America’s large share in 2016. However, Asia Pacific
is poised to witness fastest growth over the forecast period owing to rising
interest of global investors in the region
·
Rapid economic developments in countries in
APAC have resulted in growing investments in life science, medicine, and
pharmaceutical sectors. Progress in these sectors is anticipated to propel demand
for liquid handling technology at various levels, from low-to-high throughput
applications
·
Key players operating in this industry
include Agilent Technologies; Aurora Biomed Inc.; Beckman Coulter, Inc.;
Analytik Jena AG; BioTek Instruments, Inc.; Borosil Glass Works Ltd.; Labnet
International, Inc.; Eppendorf AG; Gilson, Inc.; Hamilton Company; LABCYTE
INC.; and Tecan Trading AG. Major players are involved in development of novel
technology platforms to support changing liquid handling needs of high-end
users.
View more reports of this category by Grand
View Research at: https://www.grandviewresearch.com/industry/biotechnology
Grand View Research has segmented the global liquid handling technology
market on the basis of product, type, application, end user, and region:
Liquid Handling Technology Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Automated Workstations
·
Small Devices
o
Pipettes
o Electronic Pipettes
o Manual Pipettes
o Pipette Controllers
o
Burettes
o
Dispensers
o
Others
·
Consumables
o
Regents
o
Disposable Tips
o
Tubes & Plates
o
Others
Liquid Handling Technology Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Automated Liquid Handling
·
Manual Liquid Handling
·
Semi-Automated Liquid Handling
Liquid Handling Technology Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Drug Discovery & ADME-Tox Research
·
Cancer & Genomic Research
·
Bioprocessing/Biotechnology
·
Others
Liquid Handling Technology End User Outlook
(Revenue, USD Million, 2014 - 2025)
·
Academic & Research Institutes
·
Pharmaceutical & Biotechnology
Companies
·
Contract Research Organization
Liquid Handling Technology Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
·
MEA
o South
Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-liquid-handling-technology-market
https://www.grandviewresearch.com/press-release/global-liquid-handling-technology-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
