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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
Report ID: MRHC - 104713 Pages: 180 Nov-2022 Formats*: PDF Category: Healthcare Delivery: 24 to 72 Hours Download Free Sample ReportThe Liquid Handling Systems Market is projected to reach $6.99 billion by 2029, at a CAGR of 6.4% from 2022 to 2029. Liquid handling systems include a class of devices used in the various liquid handling tasks in laboratories. Liquid handling is the process of transferring liquids from one container to another. It can be done either manually, automatically or semi-automatically. Some of the liquid handling systems include pipettes and micropipettes, disposable tips, washers, microtiter plate reagent dispensers, stackers, handlers, burettes, and others. Liquid handling is a crucial practice in the pharmaceutical and biotechnology industry and research institutes.
The growth of this market is driven by factors such as rapid growth and expansion of the pharmaceutical & biotechnology industry, increasing R&D expenditure of biopharmaceutical companies, rapid adoption of automation in laboratories, and growing demand for high-throughput screening. In addition, emerging economies and growing genomics and proteomics research are expected to provide significant growth opportunities for this market.
However, the high costs of automated liquid handling systems are restraining the growth of this market to a notable extent. In addition, the slow adoption of automation among small & medium-sized laboratories and additional training required by the laboratory personnel for operating automated robotic liquid handling workstations are the major challenges to the growth of this market.
The outbreak of COVID-19 in March 2020 led to a global economic crisis. According to the International Monetary Fund, the global GDP contracted by about 3.5 percent in 2020. By 2021, the economy started to recover as the pandemic subsided. The effects of economic shrinkage have negatively impacted the purchase of new liquid handling systems. Additionally, there was a short-term negative impact due to the stringent lockdowns and restrictions, which led to supply chain disruptions.
However, the demand for liquid handling systems grew significantly during the pandemic. There was an urgent need to analyze a large volume of virus samples. Due to this, there was an increased demand from laboratories to meet the demand for high-throughput and large-scale testing. Furthermore, the race to develop new COVID-19 vaccines boosted the demand for advanced automated liquid handling systems.
Thus, the pandemic had a short-term negative impact on the liquid handling systems market, while ultimately, there was a higher demand for liquid handling systems.
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Increased Pharmaceutical R&D Investments to Drive Market Growth
Liquid handling systems are crucial in the pharmaceutical and biotechnology industries, especially in research and development. Pharmaceutical companies constantly focus on R&D as it is a core aspect of drug development processes. The biotechnology industry also continues to witness substantial growth due to increased investments in R&D to cater to the growing demand for innovation and new medical breakthroughs. The importance of R&D is evident due to the rising number of drug approvals. For instance, in 2021, the FDA’s Center [SJ1] for Drug Evaluation and Research (CDER) approved 50 novel drugs, compared to 45 novel drugs approved in 2015. High R&D investments in the pharmaceutical and biotechnology industries are thus expected to drive the growth of the liquid handling systems market due to the importance of drug discovery.
Applications in Genomics Research to Offer Growth Opportunities for the Market
In clinical genomic laboratories, the sample preparation process is the most critical step of the genomic experiments. Hence, there is an increased demand for liquid-handling automation to make the sequencing workflow more efficient and cost-effective. Automation of liquid handling improves the performance of high-throughput laboratories in a cost-effective manner. Large genomic laboratories are adopting advanced robotic liquid-handling workstations to boost their productivity.
Since the process of liquid filling, dispensing, mixing and transferring are highly important in genomics research, there is a great opportunity for liquid-handling systems in genomics research to reduce costs and improve the efficiency of sequencing.
In 2022, the Automated Liquid Handling Systems Segment is Expected to Dominate the Liquid Handling Systems Market
Based on product, the liquid handling systems market is segmented into automated liquid handling systems, electronic liquid handling systems, and manual liquid handling systems. In 2022, the automated liquid handling systems segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to factors such as the high demand for high-throughput screening and the advantages of automated liquid handling, such as improved performance in a cost-effective manner.
In 2022, the Pipettes Segment is Expected to Account for the Largest Share of the Liquid Handling Systems Market
Based on product, the liquid handling systems market is segmented into pipettes, consumables, liquid handling workstations, burettes, software, microplate reagents dispensers, microplate washers, and other products. In 2022, the pipettes segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment can be attributed to its wide range of applications in a variety of experiments in drug discovery, clinical diagnostics, genomics, and cancer research. The pipettes segment is further segmented into semi-automated pipettes, manual pipettes, and electronic pipettes.
In 2022, the Drug Discovery Segment is Expected to Account for the Largest Share of the Liquid Handling Systems Market
Based on application, the liquid handling systems market is segmented into drug discovery, cancer and genomics research, clinical diagnostics, and other applications. In 2022, the drug discovery segment is expected to account for the largest share of the liquid handling systems market. The process of drug discovery requires a variety of liquid handling processes like pipetting, transferring, diluting, dosing, or dispensing. Some drug discovery screening experiments have millions of compounds, which is driving the demand for automated liquid handling as a tool for drug discovery.
In 2022, the Biotechnology & Pharmaceutical Industries Segment is Expected to Account for the Largest Share of the Liquid Handling Systems Market
Based on end user, the liquid handling systems market is segmented into hospitals & diagnostic laboratories, biotechnology & pharmaceutical industries, research & academic institutes, and other end users. In 2022, the biotechnology & pharmaceutical industries segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to factors such as the increased R&D expenditure of the pharmaceutical & biotechnology companies, growing demand for new drugs, and availability of funding for drug discovery and various research studies.
Asia-Pacific: The Fastest-growing Market
Asia-Pacific is slated to register the fastest growth rate in the liquid handling systems market during the forecast period. The high market growth in Asia-Pacific is attributed to the increased expansion of the pharmaceutical industry in countries like India and China, advancing healthcare infrastructure in the region, and improving laboratory infrastructure.
Key Players
The report includes a competitive landscape based on an extensive assessment of type, product, application, end user, geographic presence, and the key growth strategies adopted by leading market players in the industry over the past four years. The key players profiled 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.).
Scope of the Report:
Liquid Handling Systems Market, by Type
Liquid Handling Systems Market, by Product
Liquid Handling Systems Market, by Application
Liquid Handling Systems Market, by End User
Liquid Handling Systems Market, by Geography
Key questions answered in the report:
The liquid handling systems market report covers the market sizes & forecasts based on type, product, application, end user, and geography. The liquid handling systems market studied in this report involves the value analysis of various segments and sub-segments at the regional and country levels.
The liquid handling systems market is projected to reach $6.99 billion by 2029, at a CAGR of 6.4% during the forecast period of 2022–2029.
Based on type, the liquid handling systems market is segmented into automated liquid handling systems, electronic liquid handling systems, and manual liquid handling systems. In 2022, the automated liquid handling systems segment is expected to account for the largest share of the liquid handling systems market due to increased demand for high-throughput screening and the advantages of automation in laboratories, such as improved performance and efficiency
Based on product, the liquid handling systems market is segmented into pipettes, consumables, liquid handling workstations, burettes, software, microplate reagents dispensers, microplate washers, and other products. In 2022, the pipettes segment is expected to account for the largest share of the liquid handling systems market due to the wide range of applications of pipettes in transferring liquids, such as in drug discovery and Absorption, Distribution, Metabolism and Excretion (ADME) toxicity studies.
Based on application, the liquid handling systems market is segmented into drug discovery, cancer and genomics research, clinical diagnostics, and other applications. In 2022, the drug discovery segment is expected to account for the largest share of the liquid handling systems market due to the increased demand for novel drugs and increased R&D expenditure in the biopharma industry.
Based on end user, the liquid handling systems market is segmented into hospitals & diagnostic laboratories, biotechnology & pharmaceutical industries, research & academic institutes, and other end users. In 2022, the biotechnology & pharmaceutical industries segment is expected to account for the largest share of the liquid handling systems.
The growth of this market is attributed to factors such as rapid growth and expansion of the pharmaceutical & biotechnology industries, increasing R&D expenditure of biopharmaceutical companies, rapid adoption of automation in laboratories, and growing demand for high-throughput screening. In addition, emerging economies and growing genomics and proteomics research are expected to provide significant growth opportunities for this market.
The high costs of automated liquid handling systems are restraining the growth of this market to a notable extent. In addition, the slow adoption of automation among small & medium-sized laboratories and additional training required by the laboratory personnel for operating automated robotic liquid handling workstations are the major challenges to the growth of this market.
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.).
The Asia-Pacific region is slated to witness the highest growth rate during the forecast period and offer significant growth opportunities for the players operating in this market. The high market growth in Asia-Pacific is attributed to the increased expansion of the pharmaceutical industry in countries such as India and China, advancing healthcare infrastructure in the region, and improving laboratory infrastructure.
Published Date: Jun-2024
Published Date: Jun-2024
Published Date: Jan-2019
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