Market Research Future (MRFR) has published a cooked research report on the “Global Liquid Handling Technology Market” that contains information from 2019 to 2032. The Liquid Handling Technology market is estimated to register a CAGR of 9.20% during the forecast period of 2024 to 2032.
Liquid Handling Technology Market Highlights
The global Liquid Handling Technology market is accounted to register a CAGR of 9.20% during the forecast period and is estimated to reach USD 11.48 billion by 2032.
The liquid handling technology market is witnessing significant growth due to increasing automation in laboratory workflows and rising demand for high-throughput screening in drug discovery and genomics research. Additionally, advancements in robotics, microfluidics, and precision dispensing technologies are driving innovation in liquid handling systems, enabling improved accuracy, reproducibility, and efficiency in scientific experiments. With expanding applications across pharmaceuticals, biotechnology, clinical diagnostics, and academic research, the liquid handling technology market is poised for continued expansion in the coming years.
Key Players
MRFR recognizes the following companies as the key players in the global Liquid Handling Technology market— Eppendorf SE, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Hudson Robotics, BioTek Instruments, Inc., Formulatrix, Inc., Corning Incorporated, Analytik Jena AG, Hamilton Company, and PerkinElmer, Inc.
Segment Analysis
The global Liquid Handling Technology market has been segmented based on product, type, and end user.
On the basis of product, the market is segmented into Automated Workstations, Small Devices, and Consumables. The consumables segment was attributed to holding the largest market share in 2023 due to their recurrent usage in laboratory workflows.
Based on type, the global Liquid Handling Technology market has been segmented into Automated Liquid Handling, Manual Liquid Handling, and Semi-Automated Liquid Handling. The semi-automated liquid handling segment was expected to hold the largest market share in 2023, due to its versatility and cost-effectiveness, offers a balance between automation and manual operation.
Based on end users, the global Liquid Handling Technology market has been segmented into Pharmaceutical & Biotechnology Companies, Contract Research Organizations, and Academic & Research Institutes. The academic & research institutes segment was expected to hold the largest market share in 2023 due to their extensive use of advanced laboratory techniques and high-throughput experimentation.
Explore In-depth Market Details [Table of Content, List of Figures, List of Tables] of Liquid Handling Technology Market Research Report
Regional Analysis
The global Liquid Handling Technology 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 Liquid Handling Technology market comprises Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Liquid Handling Technology 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 Liquid Handling Technology market comprises the Middle East, Africa, and Latin America.
The largest market share for Liquid Handling Technology was maintained by the North American regional sector. This increase is attributed to the robust presence of pharmaceutical and biotechnology industries, which demand high-throughput and precise liquid handling solutions for drug discovery and development processes. Additionally, the region's well-established research infrastructure, coupled with substantial investments in biotechnology and genomics research, fosters the adoption of advanced liquid handling technologies to accelerate scientific advancements. Moreover, stringent regulatory requirements and the need for accurate and reproducible results further fuel the demand.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Liquid Handling Technology is driven by the region's strong presence in pharmaceutical and biotechnology research and development, which demands precise and efficient laboratory automation solutions. Additionally, stringent regulatory requirements for quality control and validation in the pharmaceutical and healthcare sectors stimulate the adoption of advanced liquid handling systems for accurate sample preparation and analysis.
Additionally, due to the increasing investments in pharmaceutical and biotechnology research and development, Asia-Pacific is anticipated to experience the quickest growth over the forecast period. Additionally, the growing adoption of automation and high-throughput screening technologies in drug discovery and genomics research and the presence of a large number of academic research institutions, coupled with government initiatives to boost the life sciences sector, contribute to the expansion of the liquid handling technology market in Asia-Pacific.
Furthermore, the Rest of the world's Liquid Handling Technology market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's increasing investments in research and development activities across the pharmaceutical, biotechnology, and academic sectors.
Key Findings of the Study
- The global Liquid Handling Technology market is expected to reach USD 11.48 billion by 2032, at a CAGR of 9.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing adoption of automation and high-throughput screening technologies in drug discovery and genomics research.
- Based on product, the consumables segment was attributed to holding the largest market in 2023, with an approximate market share of 45–60%.
- Eppendorf SE, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Hudson Robotics, BioTek Instruments, Inc., Formulatrix, Inc., Corning Incorporated, Analytik Jena AG, Hamilton Company, and PerkinElmer, Inc are key players in the market.
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Companies Covered | 15 |
Pages | 128 |
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