PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419090
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419090
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.
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.
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.
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.
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.
In 2022, LABCYTE Inc. started using Echo acoustic liquid handling technology in its products to offer non-contact dispensing.
The scope of this report covers the market by its major segments, which include as follows: