Market Research Future (MRFR) has published on the “Global Automated Liquid Handling Technologies Market”.
Automated Liquid Handling Technologies Market Overview
The Automated Liquid Handling Technologies Market is estimated to register a CAGR of 10.00% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Automated Liquid Handling Technologies Market— Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Aurora Biomed, Inc., AUTOGEN, INC., Danaher, BioTek Instruments, Inc., Analytik Jena AG, Corning Incorporated, Eppendorf AG, Formulatrix, Inc., Gilson, Inc., Hamilton Company, Hudson Robotics, LABCYTE INC., Lonza, PerkinElmer, Inc., QIAGEN, Tecan Trading AG, METTLER TOLEDO.
Market Highlights
The global Automated Liquid Handling Technologies Market is accounted to register a CAGR of 10.00% during the forecast period and is estimated to reach USD 4.5 billion by 2032.
The automated liquid handling market is growing due to increased use of Automated Liquid Handling Technologies, particularly in emerging nations, technological breakthroughs in Automated Liquid Handling Technologies systems, and a surge in demand for tiny process equipment. Furthermore, the advantages of Automated Liquid Handling Technologies over manual pipetting, such as greater efficiency and safety, help to drive market expansion. However, rising costs of Automated Liquid Handling Technologies instruments are projected to stifle industry expansion. In contrast, emerging markets' untapped potential presents an opportunity for the automated liquid handling market.
Segment Analysis
The global Automated Liquid Handling Technologies Market has been segmented based on Product, Application, and End-use.
The market is segmented by product into Automated Liquid Handling Workstations {Assembly [Standalone Workstations, Integrated Workstations], Type [Multipurpose Workstation, Pipetting Workstation, Specialized Liquid Handler, Workstation Module], Reagents & Consumables [Reagents, Accessories].. In 2023, the automated liquid handling workstations sector had the biggest revenue share. Automated liquid handling workstations are increasingly being employed in laboratories to boost performance and efficiency. Scientists have historically done experimental procedures manually, but automating them can assist in boosting reproducibility and throughput.
Application has divided the worldwide Automated Liquid Handling Technologies Market into drug discovery and ADME-tox research, cancer and genomic research, bioprocessing/biotechnology, and others. The drug discovery and ADME-tox research segment dominated the market in 2023. In a single drug discovery experiment, over a million compounds are generally screened to identify potential therapeutic targets. Microarray technology is well-suited to meeting the typical requirements of such investigations, which include high throughput, low volume, and high accuracy and precision.
The global Automated Liquid Handling Technologies Market is divided into three segments based on End-use: Academic and Research Institutes, Pharmaceutical and Biotechnology Companies, and Contract Research Organizations. In 2023, the pharmaceutical and biotechnology companies sector dominated the Automated Liquid Handling Technologies market. The increasing demand for Automated Liquid Handling Technologies in high-throughput screening of different combinations for genetic activity encourages the use of these systems to screen several samples in a single test. Pharmaceutical and biotechnology businesses are projected to maintain their market dominance in the foreseeable future as automation for drug screening and development becomes more prevalent.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Automated Liquid Handling Technologies Market Research Report
Regional Analysis
The global Automated Liquid Handling Technologies Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Automated Liquid Handling Technologies Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automated Liquid Handling Technologies Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automated Liquid Handling Technologies Market comprises the Middle East, Africa, and Latin America.
North America dominated the Automated Liquid Handling Technologies market in 2023. The presence of numerous pharmaceutical and biopharmaceutical businesses in the region, together with increased R&D expenditures, is expected to drive market expansion in North America. Furthermore, the market is expanding as a result of the increased demand for efficient and accurate handling systems, as well as high throughput screening.
Moreover, Europe had the second-largest global market share for automated liquid handling technologies. The Automated Liquid Handling Technologies market in Europe is predicted to develop throughout the forecast period. The primary growth drivers in the region include the availability of cutting-edge Automated Liquid Handling Technologies in Europe, the increased use of automated liquid handlers in R&D labs and pharmaceutical firms, and the increased demand for technologically advanced systems.
Additionally, Asia Pacific is predicted to develop at the fastest CAGR between 2024 and 2032. Increasing investment in R&D activities, particularly in China, Japan, and India, drives up demand for innovative liquid handling technology. Supportive government initiatives, a thriving biopharmaceutical sector, and the presence of important market participants all contribute to the regional market's strong growth.
The rest of world Automated Liquid Handling Technologies Market is segmented into three regions: the Middle East, Africa, and Latin America. The growth in this region is due to increased knowledge of automated liquid handling technologies systems, a growing R&D sector, and the development of research and clinical infrastructure.
Key Findings of the Study
- The global Automated Liquid Handling Technologies Market is expected to reach USD 4.5 billion by 2032, at a CAGR of 10.00% during the forecast period.
- Asia Pacific is predicted to develop at the fastest CAGR due to increasing investment in R&D activities, particularly in China, Japan, and India.
- In 2023, based on End-use, the pharmaceutical and biotechnology companies sector dominated the Automated Liquid Handling Technologies
- Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Aurora Biomed, Inc., AUTOGEN, INC., Danaher, BioTek Instruments, Inc., Analytik Jena AG, Corning Incorporated, Eppendorf AG, Formulatrix, Inc., Gilson, Inc., Hamilton Company, Hudson Robotics, LABCYTE INC., Lonza, PerkinElmer, Inc., QIAGEN, Tecan Trading AG, and METTLER TOLEDO are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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