The liquid handling systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid Handling Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The liquid handling systems market size has grown rapidly in recent years. It will grow from $4.09 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to the increasing biotech and pharmaceutical industries, the growing number of clinical trials, high growth potential in emerging markets, and the growing number of initiatives and research activities.
The liquid handling systems market size is expected to see rapid growth in the next few years. It will grow to $5.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rising investment in drug development and research, increasing demand for high-throughput screening, increasing focus on drug discovery, and introduction of advanced solutions. Major trends in the forecast period include advancements in laboratory development and manufacturing, notable technological advancements, and launches of new products and services.
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Scope Of Liquid Handling Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid Handling Systems Market Overview
Market Drivers –
The rising adoption of personalized medicine is expected to propel the growth of the liquid handling systems market. Personalized medicine refers to an approach to healthcare that customizes medical treatment and interventions for individual patients based on their unique genetic, environmental, and lifestyle factors. The adoption of personalized medicine is growing with a need for genomic research, technology, and data analytics. Personalized medicine enhances liquid handling systems by enabling precise dispensing of reagents and samples tailored to individual patient profiles, optimizing workflows, and improving accuracy in sample preparation and analysis for diagnostics and therapeutics. For instance, in April 2024, according to the Personalized Medicine Coalition, a US-based nonprofit organization, in 2022, the FDA’s CDER authorized 37 NMEs, nearly all of which were medicines. The PMC classed around 34% (12) as customized medications, a rise from 35% in 2021. Therefore, the rising adoption of personalized medicine is driving the growth of the liquid handling system market.
Market Trends –
Major companies operating in the liquid handling systems market are focusing on developing innovative technologies, such as automated liquid handling platforms, to enhance their position in the market. Automated liquid handling platforms are essential tools in modern laboratories, helping to increase efficiency, accuracy, and reproducibility in liquid handling tasks while freeing up researchers’ time for more complex analyses and experiments. For instance, in February 2022, SPT Labtech, a UK-based manufacturer of lab automation solutions, launched Apricot DC1, a flexible, 4-in-1 automated platform for managing liquids. This cutting-edge liquid handling platform has intuitive software interfaces for effortless protocol design and optimization. Its compact, scalable design caters to diverse laboratory sizes and applications while ensuring high precision and accuracy for reliable results across liquid handling tasks. This solution allows laboratories to streamline processes, minimize errors, and expedite research and development endeavors.
The liquid handling systems market covered in this report is segmented –
1) By Type: Manual Liquid Handling, Automated Liquid Handling, Semi-Automated Liquid Handling
2) By Product: Automated Workstations, Pipettes, Dispensers, Burettes, Other Products
3) By Application: Drug Discovery, Cancer And Genomics Research, Clinical Diagnostics, Other Applications
4) By End-User: Pharmaceutical And Biotechnology Industry, Contract Research Organization, Academic Institutes, Other End-Users
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Regional Insights –
North America was the largest region in the liquid handling systems market in 2023. Asia-Pacfic is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid handling systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the liquid handling systems market are Thermo Fisher Scientific Inc., Danaher Corporation, Corning Incorporated, Lonza Group Ltd., PerkinElmer Inc., Sartorius AG, Mettler-Toledo International, Bio-Rad Laboratories Inc., Qiagen N.V., Integra Biosciences AG, Eppendorf, Tecan Trading AG, Promega Corporation, Metrohm A.G., Hamilton Company, 10x Genomics, Analytik Jena AG, BioTek Instruments, Hudson Robotics Inc., Gilson Inc., Orochem Technologies Inc, Aurora Biomed Inc., SciRobotics Ltd
Table of Contents
1. Executive Summary
2. Liquid Handling Systems Market Report Structure
3. Liquid Handling Systems Market Trends And Strategies
4. Liquid Handling Systems Market – Macro Economic Scenario
5. Liquid Handling Systems Market Size And Growth
…..
27. Liquid Handling Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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