Meticulous Research®, a leading market research firm, has recently released a comprehensive 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.’
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According to the latest findings by Meticulous Research®, the liquid handling systems market is expected to grow to $6.99 billion by 2029, achieving a CAGR of 6.4% from 2022 to 2029. This growth is primarily driven by the rapid expansion of the pharmaceutical and biotechnology industries, increased R&D expenditure by biopharmaceutical companies, the growing adoption of automation in laboratories, and heightened demand for high-throughput screening technologies.
Moreover, the emergence of genomics and proteomics research and opportunities in developing economies are anticipated to drive further growth in the market.
Despite these positive factors, the market faces challenges such as the high costs of automated liquid handling systems and the slow adoption of automation among small and medium-sized laboratories. Additionally, the need for specialized training for laboratory personnel in operating automated robotic liquid handling systems presents further hurdles.
Liquid Handling Systems Market: Key Trends and Future Directions
The liquid handling systems market is segmented by type, product, application, end user, and region. The report also evaluates competitive dynamics and offers a thorough analysis of the market at the regional and country levels.
By type, the automated liquid handling systems segment is anticipated to lead the market in 2022, owing to the numerous advantages of automated systems, including improved accuracy, efficiency, and increasing demand for high-throughput screening.
In terms of product, the pipette segment is projected to hold the largest share of the market in 2022, driven by the extensive use of pipettes in laboratories, their ability to measure small volumes, and their broad applicability across various sectors.
For application, the drug discovery segment is expected to dominate in 2022, fueled by the rising demand for personalized medications.
Among end users, the biotechnology and pharmaceutical industries are forecasted to account for the largest market share in 2022, propelled by significant R&D spending and collaborations to develop innovative therapies.
Regional Market Insights and Analysis
The report provides an in-depth examination of key regional markets, including North America (the U.S. and Canada), Europe (featuring Germany, France, U.K., Italy, Spain, and other European countries), Asia-Pacific (covering Japan, China, India, and surrounding regions), Latin America, and the Middle East & Africa.
In 2022, North America is expected to lead the global liquid handling systems market, with Europe and Asia-Pacific following. The significant market share in North America is attributed to the region’s strong biopharmaceutical sector, elevated healthcare expenditure, increasing demand for high-throughput screening technologies, and robust R&D investments.
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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