by Automated liquid handling systems are used in laboratories for developing assays, handling reagents, screening compounds and analyzing samples for biomarker identification. They help in assay development, drug discovery, high throughput screening, genomics and proteomics, as well as clinical diagnostics. These systems help in pipetting, diluting, mixing and distributing test samples and reagents simultaneously, thus reducing variability and achieving accurate results.
The Automated Liquid Handling Systems Market is estimated to be valued at US$ 4.63 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Growing demand from pharmaceutical and biotechnology industries are the major factors driving growth of the automated liquid handling systems market. Pharma companies are increasingly outsourcing their research activities to contract research organizations which utilize automated liquid handling systems for drugs discovery, thereby boosting market growth. Moreover, increasing R&D investments by pharmaceutical companies for developing biologics and growing demand for high-throughput screening are also propelling the market growth. However, high costs associated with automated liquid handling systems may hinder market growth over the forecast period.
Continuous technological advancements in liquid handling systems with improved features such as miniaturization, integration and digitalization are expected to present lucrative growth opportunities for players in the automated liquid handling systems market over the forecast period.
Segment Analysis
The automated liquid handling systems market is primarily segmented into automated cell culture systems, automated nucleic acid purification systems, automated liquid handling workstations, and others. Among these, the automated liquid handling workstations segment dominated the market in 2022 owing to wider applications in the labs. These workstations offer advantages such as liquid handling precision and throughput, uniform mixing, and flexibility.
PEST Analysis
Political: The governments of various countries are increasing funding for R&D activities in the healthcare sector which is positively impacting the adoption of automated liquid handling systems in research labs and pharmaceutical companies.
Economic: Growing biotech and pharma industries, rising investments in drug discovery research, and increasing focus on developing advanced healthcare infrastructure are driving the demand for advanced laboratory equipment like automated liquid handling systems.
Social: Rising awareness about benefits of early disease diagnosis and availability of diverse treatment options are increasing the number of diagnostic tests conducted annually, thereby augmenting the automated liquid handling systems market.
Technological: Constant innovations in robotics, software, and microfluidic technologies are enhancing the capabilities of automated liquid handling systems. Introduction of systems integrated with AI and IoT is further expanding their application scope.
Key Takeaways
Global Automated Liquid Handling Systems Market Demand is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period of 2023 to 2030, due to increasing R&D investments in pharmaceutical and biotechnology sectors. The market size for 2023 is US$ 4.63 Bn.
By region, North America dominated the automated liquid handling systems market in 2022 led by the presence of major players and availability of advanced laboratories. Asia Pacific is anticipated to be the fastest growing regional market owing to rising pharmaceutical production in countries like China and India.
Key players operating in the automated liquid handling systems market are Agilent Technologies, Bio-Rad Laboratories, Corning Incorporated, Labcyte Inc., and Perkin Elmer Inc. Increasing adoption of their high-throughput automated liquid handling workstations and multi-mode readers by CROs and academic institutes is boosting the revenue of these key players.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
