Automated Liquid Handling Market Trends by Types and Application, Forecast, 2022
Posted by sanjayhande on December 5th, 2019
Automated liquid handling (ALH) has now become a vital tool in drug development and discovery, especially in high-throughput screening procedures comprising millions of compounds. Different innovations in ALH systems have facilitated assay miniaturization, thereby exponentially accelerating the discovery of chemical probes and drug candidates for querying biological systems.
According to a new report published by Allied Market Research, titled, "Automated Liquid Handling (ALH) Market by Type, Modality, Procedure, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global ALH market was valued at 5 million in 2016, and is projected to reach ,054 million by 2023, growing at a CAGR of 8.7% from 2017 to 2023. The multi-instrument ALH system segment is anticipated to witness highest growth rate from 2017 to 2023.
Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/2347
The major factors that drive the global ALH market are advantages of ALH systems over manual pipetting, dearth in skilled professionals, and technological advancements associated with ALH systems. In addition, rise in awareness of the benefits of using ALH is expected to fuel the market growth. However, high costs of instruments and complex operability of advanced ALH systems are expected to restrain the market growth. Furthermore, untapped potential of emerging markets provides lucrative opportunities to the market players.
The standalone ALH type segment occupied the highest share in ALH type market in 2016, owing to their sheer usage and availability in different research and clinical settings. The ALH PCR setup procedure segment witnessed the highest growth rate in 2016. However, the serial dilution procedure is anticipated to dominate the market.
At present, the biotechnology and pharmaceutical companies dominate the end user segment, and are expected to grow at a CAGR of 7.5% during the forecast period. This is attributable to increase in usage and application of ALH systems to carry out high-throughput screening in these companies.
Key Findings of the Automated Liquid Handling (ALH) Market:
The major companies profiled in the report include:
Obtain Report Details: https://www.alliedmarketresearch.com/automated-liquid-handling-market
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Like it? Share it!
About the Authorsanjayhande
Joined: October 17th, 2019
Articles Posted: 148
More by this author