In a newly published report titled "Liquid Handling Systems Market By Type (Automated, Electronic, Manual), Product (Pipette, Consumables, Burette, Software, Microplate), Application (Drug Discovery, Cancer & Genomics, Clinical), End User (Hospital, Diagnostic Lab) - Global Forecast to 2029," Meticulous Research® has projected the global liquid handling systems market to grow to $6.99 billion by 2029, with a compound annual growth rate (CAGR) of 6.4% from 2022 to 2029.
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The growth is attributed to several key drivers, including the rapid development of the pharmaceutical and biotechnology sectors, increased spending on research and development by biopharmaceutical firms, the growing adoption of automation in labs, and a surge in demand for high-throughput screening techniques. Furthermore, expanding research in genomics and proteomics and emerging markets offer substantial growth opportunities for the liquid handling systems industry.
However, high costs associated with automated liquid handling systems, slow adoption of automation in small to medium-sized laboratories, and the need for specialized training to operate automated systems pose significant barriers to market growth.
Key Insights and Market Forecast:
The liquid handling systems market is segmented by type, product, application, end user, and region. The report provides an in-depth analysis of market trends, competitive dynamics, and growth prospects.
By type, automated liquid handling systems are expected to dominate the market in 2022 due to their accuracy, cost-effectiveness, and high demand in high-throughput screening processes.
On the product side, the pipette segment is set to capture the largest share of the market in 2022, driven by their frequent use, versatility, and the ability to handle precise liquid volumes in various laboratory processes.
In terms of application, drug discovery is projected to lead the market in 2022, driven by growing research into developing innovative and personalized therapeutic solutions.
Among end users, biotechnology and pharmaceutical companies are expected to hold the largest market share, driven by significant R&D investments and collaborations to develop new treatments.
Geographically, the report covers North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is forecasted to dominate the global market in 2022, driven by its strong biopharmaceutical industry, substantial healthcare spending, and a robust research and development ecosystem.
Key Playres
The key players operating in the liquid handling systems market are Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Eppendorf AG (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), Tecan Group Ltd. (Switzerland), PRIMADAG SAS (France), BRAND GMBH + CO KG (Germany), Hudson Robotics (U.S.), SPT Labtech (U.K.), F. Hoffmann-La Roche Ltd. (Switzerland), QIAGEN N.V. (Netherlands), and Mettler-Toledo International, Inc (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/liquid-handling-systems-market-5397
Key questions answered in the report-
- Which are the high-growth market segments in terms of type, product, application, end user, and region/country?
- What was the historical market size for liquid handling systems across the globe?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges in the global liquid handling systems market?
- Who are the major players in the liquid handling systems market?
- How is the competitive landscape, and who are the market leaders in the global liquid handling systems market?
- What are the recent developments in the global liquid handling systems market?
- What are the different strategies adopted by the major players in the global liquid handling systems market?
- What are the geographical trends and high-growth regions/countries?
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