REPORT HIGHLIGHT
Liquid Handling Technology Market size was valued at USD 4,941.11 Million in 2022, expanding at a CAGR of 8.66% from 2023 to 2030.
Liquid handling systems for managing liquids include washers, microtiter plates, and analogue and electronic pipettes and micropipettes with fixed and disposable tips. For usage in a variety of fields, automated liquid handling equipment can be found in a wide range of sizes and designs. These devices discharge a predetermined amount of liquid or a sample into a designated container using a motorized pipette or syringe that is fastened to a robotic arm.
Liquid Handling Technology Market- Market Dynamics
Increasing demand from pharmaceutical and biotechnology industries and rising R&D sector to propel market demand
The pharmaceutical and biotechnology industries are expanding globally, and this is helping the market grow. This is especially augmented by the growing R&D and life science research in these sectors. The need for liquid handling technologies has also been fueled by the sharp rise in assays carried out for diverse research objectives, including target screening. The COVID-19 pandemic caused a sharp increase in the need for viral research, vaccine development, and diagnostic testing. This led to a rise in the need for automated liquid handlers, pipettes, and dispensers, among other liquid handling technologies.
Furthermore, the COVID-19 pandemic required precise and effective sample processing, in which these technologies play a vital role. Research and development efforts accelerated due to the pressing need for COVID-19 vaccines, therapies, and diagnostics. The automation and simplification of laboratory procedures made possible by liquid handling technology allowed scientists to process many samples and carry out tests more quickly. By cutting development costs and enabling the timely release of medications, the creation of sophisticated liquid handlers improves clinical research. Pharmaceutical companies are therefore focused on implementing cutting-edge liquid handling systems to expedite the clearance of drugs.
Liquid Handling Technology Market- Key Insights
- As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.66% over the forecast period (2023-2030)
- Based on Product Type segmentation, semi-automated liquid handling segment was predicted to show maximum market share in the year 2022, owing to its better affordability.
- Based on Application segmentation, drugs discovery segment was predicted to show maximum market share in the year 2022, owing to high demand for development of new drugs.
- Based on End-User segmentation, academic research segment was the leading segment in 2022, mainly due to rising need for sample testing, gene research.
- On the basis of region, North America was the leading revenue generator in 2022, owing to growing healthcare sector and drugs development.
Liquid Handling Technology Market- Segmentation Analysis:
The Global Liquid Handling Technology Market is segmented on the basis of Product Type, Application, End-User, and Region.
The market is divided into three categories based on Product Type: manual liquid handling, semi-automated liquid handling, and automated liquid handling. The semi-automated liquid handling segment dominates the market. These product type offer better balance between automated and manual product types.
The market is divided into four categories based on Application: drugs discovery, Cancer & genomic research, bioprocessing, and others. The drugs discovery segment dominates the market and is likely to maintain its dominance during the forecast period. The growing number of drugs discoveries, gene research are contributing to market growth.
The market is divided into three categories based on End-User: pharmaceutical & biotechnology, academic research, and others. The pharmaceutical & biotechnology segment dominates the market and is likely to maintain its dominance during the forecast period. Growing research in biotech companies is contributing to market growth.
Liquid Handling Technology Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Liquid Handling Technology Market- Competitive Landscape:
The companies in the market focus on development, innovative products, diversification of their product offerings, and tactical partnerships to gain a competitive edge. Leading competitors are placing a strong emphasis on the development of innovative products to obtain a competitive edge and serve a sizable consumer base. To stay inventive and improve the quality of their products, businesses are spending a lot of money on research and development. To strengthen their place in the market.
Recent Developments:
In 2022, LABCYTE Inc. started using Echo acoustic liquid handling technology in its products to offer non-contact dispensing.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL LIQUID HANDLING TECHNOLOGY MARKET KEY PLAYERS
- Thermo Fisher Scientific, Inc.
- Agilent Technologies, Inc.
- Danaher Corp.
- Gilson, Inc.
- PerkinElmer
- Tecan Group Ltd.
- Corning Inc.
- Bio Rad Laboratories
- Promega Corporation
- Labcyte Inc.
- Hamilton Company
- Eppendorf AG
- Others
GLOBAL LIQUID HANDLING TECHNOLOGY MARKET, BY PRODUCT TYPE
- Manual liquid handling
- Semi-automated liquid handling
- Automated liquid handling accessories
GLOBAL LIQUID HANDLING TECHNOLOGY MARKET, BY APPLICATION
- Drugs discovery
- Cancer & genomic research
- Bioprocessing
- Others
GLOBAL LIQUID HANDLING TECHNOLOGY MARKET, BY END-USER
- Pharmaceutical & biotechnology
- Academic research
- Others
GLOBAL LIQUID HANDLING TECHNOLOGY MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA