Global Liquid Handling Systems Market is poised to exceed the revenue USD 2.0 billion by 2024; according to a new research study published by Global Market Insights, Inc. Increasing incidence of infectious diseases along with growing demand for high-throughput diagnosis of such diseases is boosting the liquid handling systems market. Increasing application of various laboratory processes such as PCR, ELISA, array printing, plate replication, serial dilution, cell culture and whole genome amplification is also boosting the industry growth.
Vaccine production has also increased tremendously owing to growing human health significance that is a major concern worldwide because of prevailing infectious diseases. With growing vaccine production, the provision of promising technologies related to liquid handling is expected to increase during the projected years, thereby boosting the global market growth.
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Manual liquid handling systems captured the maximum share in the global market valued at around USD 844.9 million in 2017. Manual liquid handling equipment are widely available at lesser cost, thereby increasing its application and fostering the segment?s growth. However, automatic liquid handling systems are expected to grow swiftly during the forecast period due to enhanced sampling, mixing, and combining of liquid samples that are done automatically, hence reducing time and effort.
Pharmaceutical & biotechnology industry market segment accounted for USD 635.5 million in 2017. The market share is attributed to increasing incidence of infectious and lifestyle-related diseases, growing demand for potent vaccines and rising number of clinical trials globally. Moreover, pharmaceutical and biotechnology industry make use of automated liquid handling systems to ensure that there is a proper workflow between their processes ranging from serial dilution to PCR, hence driving the market segment growth.
Browse key industry insights spread across 150 pages with 93 market data tables & 8 figures & charts from the report, “Liquid Handling Systems Market” in detail along with the table of contents:
U.S. market is estimated to grow at a CAGR of around 4.6% over the forecast period. Growing application of PCR, next-generation sequencing, microarray, and ELISA coupled with presence of industry players like Danaher Corporation, Qiagen, Beckman Coulter, and Thermo Fisher Scientific, Inc. will serve as a high impact rendering factor for revenue growth in the U.S. Moreover, shift in trends towards therapeutic areas such as women’s health, oncology, infectious disease and HIV/STDs testing along with growing incidence of infectious diseases will enhance industry growth in the U.S.
Based on product, automated workstation market segment is forecasted to grow rapidly at a CAGR of 6.0% during the projected years. Automated workstation have better flexibility, better customization options, and improved productivity, that will increase it application in the long run, hence expanding the growth of the segment. The automated workstation segment is followed by pipette segment in terms of growth. Various medical devices manufacturers are focusing on developing pipettes that are technological advanced, safe and ergonomically designed to suit the requirements of clinical and research laboratories, which will consequently drive the market growth.
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Some of the notable industry players are Gilson Incorporated, Tecan, Hamilton Co., Eppendorf AG, Thermo Fisher Scientific, Inc., Sartorius, among others. Companies are now strategizing to launch technologically advanced and automated systems that will not only increase its product portfolio, but also thrive the sales. Furthermore, innovative strategies such as mergers, collaborations, acquisition and partnerships are expected to be carried out in order to expand their product portfolio and geographic reach.
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