by The automated liquid handling systems market is estimated to be valued at US$960.98 million in 2020 and is projected to reach a market value of US$ (insert market value for 2022) billion/million in 2022, with a CAGR of 9.4% over the forecast period (2021-2030), as stated in a recent report by Coherent Market Insights.
Market Overview:
Automated liquid handling systems are widely adopted in various industries such as pharmaceuticals, biotechnology, clinical diagnostics, and research laboratories. These systems are used for precise and accurate liquid handling, reducing errors and increasing productivity. The market offers a range of products, including automated pipetting systems, liquid handling workstations, and robotic liquid handling systems. These systems find applications in sample preparation, genomics, compound management, drug discovery, and other laboratory processes.
Market Dynamics:
The market dynamics of the automated liquid handling systems industry are driven by two key factors. Firstly, the increasing demand for high-throughput screening and sample preparation in drug discovery and genomics research is propelling the market growth. Automated liquid handling systems enable efficient handling and processing of large volumes of samples, leading to improved productivity and cost-effective operations.
Secondly, the rising adoption of automation in laboratories is another significant driver for market growth. The automation of liquid handling processes eliminates human errors, reduces contamination risks, and increases reproducibility in experimental results. This has led to a surge in the implementation of automated liquid handling systems, as laboratories aim to enhance efficiency, accuracy, and reliability in their workflows.
Overall, the automated liquid handling systems market is expected to witness substantial growth owing to the increasing demand for automation and the need for efficient handling and processing of liquid samples in various industries.
Market Key Trends:
The key trend in the automated liquid handling systems market is the growing demand for high-throughput screening (HTS) in drug discovery and genomics research. HTS allows researchers to quickly process a large volume of samples, thereby improving efficiency and reducing time and cost. With the increasing focus on precision medicine and personalized therapies, there is a greater need for automated liquid handling systems that can handle large-scale screening and analysis.
SWOT Analysis:
Strength: Automated liquid handling systems offer high precision and accuracy, reducing human error and improving reproducibility in experiments. They also enable faster sample processing, saving time and increasing laboratory productivity.
Weakness: The initial cost of acquiring automated liquid handling systems can be high, especially for small and medium-sized laboratories. Additionally, the maintenance and training costs associated with these systems can also be significant.
Opportunity: The increasing adoption of automation in various industries, including pharmaceuticals, biotechnology, and clinical diagnostics, presents a significant growth opportunity for the automated liquid handling systems market.
Threats: The presence of alternative technologies, such as robotics and microfluidics, poses a threat to the automated liquid handling systems market. Additionally, the complexity and integration issues associated with these systems can act as a barrier to adoption.
Key Takeaways:
The global Automated Liquid Handling Systems Market Share is expected to witness high growth, exhibiting a CAGR of 9.4% over the forecast period. This growth can be attributed to the increasing demand for high-throughput screening in drug discovery and genomics research. North America is expected to be the fastest-growing and dominating region in the market, driven by factors such as the presence of a well-established pharmaceutical and biotechnology industry and significant investments in research and development. The key players operating in the automated liquid handling systems market include Aurora Biomed, Inc., Hamilton Company, Tecan Group Ltd, Eppendorf AG, Qiagen N.V., Mettler-Toledo International Inc., Corning, Inc., Bio-Rad Laboratories Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Danaher Corporation, and Thermo Fisher Scientific Inc. These key players are focusing on product innovations, strategic collaborations, and geographic expansions to strengthen their market position and capture a larger share of the market.
Note:
1) Source: Coherent Market Insights, Public sources, Desk research
2) We have leveraged AI tools to mine information and compile it
