Automated Liquid Handling Systems Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast
Posted by Amruta Pritam on May 30th, 2024
Overview and Scope
Automated liquid handling systems refer to computerized devices that perform liquid transfers in laboratory settings. These systems utilize software to execute various protocols, offering precise sample preparation for high-throughput sequencing, screening, bioassays, and more. They can include components such as heating or cooling, shaking, and centrifugal force for contactless liquid removal.
Sizing and Forecast
The automated liquid handling systems market size has grown strongly in recent years. It will grow from .65 billion in 2023 to .92 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to demand for high-throughput screening, growth in pharmaceutical and biotechnology industries, need for precision and accuracy in liquid handling, Increasing automation in laboratories, rising adoption of personalized medicine, expansion of drug discovery and development, cost and time efficiency.
The automated liquid handling systems market size is expected to see strong growth in the next few years. It will grow to .27 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to the acceleration of drug discovery processes, expansion of research in genomics and proteomics, demand for high-throughput diagnostics, adoption in emerging markets, shift towards miniaturization, focus on improving reproducibility and data quality. Major trends in the forecast period include adoption of high-throughput systems, expansion in pharmaceutical industries, integration of robotic arms, development of miniaturized systems, collaboration between providers and laboratories, expansion in diagnostic laboratories, adoption of touchless technologies, and increasing emphasis on compliance.
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The automated liquid handling systems market covered in this report is segmented –
1) By Type: Automated Liquid Handling System, Semi-automated Liquid Handling System
2) By Application: Drug Discovery And ADME-Tox Research, Cancer And Genomic Research, Bioprocessing Or Biotechnology, Other Applications
3) By End User: Contract Research Organizations, Pharmaceutical and Biotechnology, Academic and Research Institutes
North America was the largest region in the automated liquid handling systems market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated liquid handling systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing prevalence of chronic diseases is expected to propel the growth of the automated liquid handling systems market going forward. A chronic disease refers to a long-lasting condition that can be managed but typically cannot be cured completely. The growing prevalence of chronic diseases is due to increased consumption of processed foods, sedentary lifestyles characterized by prolonged sitting, and reduced physical activity. Automated liquid handling systems offer advantages such as improved accuracy, reproducibility, and throughput compared to manual pipetting, making them indispensable in the pharmaceutical and biotechnology industries. For instance, in January 2023, according to a report published by the National Institutes of Health (NIH), a US-based biomedical research agency, the number of people aged 50 and older with at least one chronic illness is predicted to rise by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. Additionally, in May 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency of the United States, in 2021, approximately 695,000 individuals in the United States succumbed to heart disease, equating to one out of every five deaths. Therefore, the growing prevalence of chronic disease is driving the growth of the automated liquid handling systems market.
Key Industry Players
Major companies operating in the automated liquid handling systems market are Thermo Fisher Scientific Inc, Danaher Corporation, Becton Dickinson and Company, Corning Inc, Agilent Technologies, Lonza, PerkinElmer Inc, Mettler-Toledo International Inc, Beckman Coulter, Waters Corp, Bio-Rad Laboratories Inc, Qiagen NV, Eppendorf AG, Tecan Group Ltd, Hamilton Company, Formulatrix Inc, Analytik Jena AG, LABCYTE INC, Gilson Inc, BioTek Instruments Inc, Aurora Biomed Inc, Synchron Lab Automation, Hudson Robotics Inc, AUTOGEN INC, Beijing TXTB
The automated liquid handling systems market report table of contents includes:
1. Executive Summary
2. Automated Liquid Handling Systems Market Characteristics
3. Automated Liquid Handling Systems Market Trends And Strategies
4. Automated Liquid Handling Systems Market - Macro Economic Scenario
5. Global Automated Liquid Handling Systems Market Size and Growth
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32. Global Automated Liquid Handling Systems Market Competitive Benchmarking
33. Global Automated Liquid Handling Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated Liquid Handling Systems Market
35. Automated Liquid Handling Systems Market Future Outlook and Potential Analysis
36. Appendix
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