The new report by Expert Market Research titled, ‘Global Automated Liquid Handling Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global automated liquid handling market, assessing the market based on its segments like type, modality, procedure, end user and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 977.25 million
- Forecast CAGR (2023-2028): 8.6%
- Forecast Market Size (2028): USD 1603.27 million
The advancement of drug discovery and the increasing need for personalised treatments are driving the introduction of automated liquid handling to enable the use of high-throughput technologies. Advances in automated liquid handling are enhancing cost-effectiveness, operational efficiency, and reagent deployment efficiency, which is driving market growth. Furthermore, the use of automated liquid handling systems reduces difficulties such as surface bonding, high viscosity of liquids, surface tension, and foaming to improve experiment precision, which is fueling market extension in the recent years.
The expanding research efforts for breakthroughs in life sciences, genetics, and medication development are driving the worldwide market for automated liquid handling. Furthermore, the fast construction of numerous innovative labs by both the government and top enterprises in emerging economies to improve scientific research skills is driving market expansion.
Industry Definition and Major Segments
In labs, an automated liquid handling system is a device that automatically dispenses the needed amount of samples and reagents, among other liquids, in a container. It improves precision during sample generation and automates several manual operations to save time and money. Because automated liquid handling improves productivity, accuracy, and safety, it is increasingly being used in laboratories.
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The major types of automated liquid handling in the industry are standalone, individual benchtop workstations, and multi instrument, among others. The modalities of automated liquid handling are disposable tips and fixed tips. The procedures of automated liquid handling are serial dilution, plate reformatting, plate replication, PCR setup, high throughput screening, cell culture, whole genome amplification, and array printing, among others. The end users in the market are biotechnology and pharmaceutical companies, contract research organisations, and academic and government research institutes.
Market Trends
As automated liquid handling are more productive than human liquid handling, resulting in rapid expansion of the automated liquid handling market. To address the growing research issues, the company’s attention is turning toward automated liquid handling workstations and laboratory automation technology. With an emphasis on creative design, the firm blends automated liquid handling technology with state-of-the-art, quality manufacturing, and exceptional service and support to deliver the best laboratory automation solution, caters to the growth in the automotive handling market.
The rising use of automated liquid handling in research operations and drug discovery to increase productivity while improving process accuracy is assisting market expansion. Furthermore, as a result of escalating rivalry, medication makers are increasingly implementing automated liquid handling systems to boost productivity, which is fueling industry growth. Researchers are increasingly using automated liquid handling systems to facilitate the development and application of complicated multi-parameter experiments in order to improve time efficiency. Furthermore, they automate many arduous and tiresome manual operations to enhance researchers’ emphasis on advanced applications, offering further fuel to market expansion.
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Key Market Players
The major players in the market are Agilent Technologies, Inc., Hamilton Company, Aurora Biomed Inc., Biotix, Inc., and Gilson, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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