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With 5% CAGR, Liquid Handling Systems Market is Expected to Exhibit $2.0 bn by 2024

Author : Rahul Sankrityayan | Published Date : 2019-05-23 

The Liquid Handling Systems Market is set to exceed 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.

Presence of huge number of pharmaceutical companies as well as strong biotechnology sector in developed countries such as U.S., Germany and Japan are enhancing market growth. In addition, adoption of automated liquid handling devices in such countries for biomedical research is helping in the elimination of pipetting errors, hence maximizing accurate results. All these factors will increase the opportunity for the growth of liquid handling systems market in these regions.

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High cost and complexities associated with the management of automated liquid handling devices is one of the factors responsible for impeding the liquid handling systems market growth over the projection years. In addition, lack of skilled resources in developing as well as under-developed countries is another obstacle, that might pull back the industry growth.

Automated liquid handling systems market segment is anticipated to experience robust growth in the future, accounting for USD 580.4 million in 2017. Automated systems have maximum accuracy, that helps to eliminate manual pipetting errors, thereby maximizing the reproducibility of assays. In addition, growing demand for such automated devices with unique software allows healthcare professionals and medical researchers to set-up even complex tasks with minimal efforts, thereby driving the market growth of the segment.

Liquid handling automated workstation market is expected to grow at 6.0% during the projected years from 2018-2024. Automated workstations provide consistent results for assays, enhanced performance along with integrated sample storage and customization option for any specific usage, that will increase its application in coming years. In addition, automated workstations measure out samples and reagents, ensuring that liquids are added to bioassays in a uniform manner, thereby propelling its market growth.

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.
 
U.S. liquid handling system 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.

Germany liquid handling systems market dominated the European region in 2017 and is expected to grow at 4.4% during the forecast timeframe. Increasing  number of infectious diseases, and availability of technologically advanced manufacturing capabilities are few factors driving the market growth. Rapidly evolving techniques in molecular biology, high stage of sophistication in healthcare sector and scientific biomedical applications, improvements and innovative approaches in technology will propel the industry growth over the forecast period.
 
Liquid Handling Systems Market by Type

1 Manual
2 Automated

Liquid Handling Systems Market by Product

1 Pipettes
2 Dispensers
3 Burettes
4 Automated Workstation
5 Consumables

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Chapter 1.    Methodology

1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1.   Paid sources
1.4.1.2.      Unpaid sources
1.4.2. Primary

Chapter 2.    Executive Summary

2.1. Liquid handling systems industry 3600 synopsis, 2013 - 2024
2.1.1.  Business trends
2.1.2.  Type trends
2.1.3.  Product trends
2.1.4.  End Use trends
2.1.5.  Regional trends

Chapter 3.    Liquid Handling Systems Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1.  Growth drivers
3.3.1.1.  Growing R&D and clinical trials worldwide
3.3.1.2.  Increased demand for high-throughput screening
3.3.1.3.  Technological advancements related to automated liquid handling systems
3.3.2.  Industry pitfalls & challenges
3.3.2.1.  High cost and complexity
3.3.2.2.    Lack of skilled labor in developing countries

Chapter 6.    Liquid Handling Systems Market, By Product

6.1. Global Liquid Handling Systems Market share, by product, 2017 & 2024

6.2. Pipettes
6.2.1.  Market estimates and forecast, by region, 2013 - 2024

6.3. Dispensers
6.3.1.  Market estimates and forecast, by region, 2013 – 2024

6.4. Burettes
6.4.1.  Market estimates and forecast, by region, 2013 – 2024

6.5. Automated Workshop
6.5.1.  Market estimates and forecast, by region, 2013 – 2024

6.6. Consumables
6.6.1.  Market estimates and forecast, by region, 2013 – 2024

Data Tables

TABLE 1.    Liquid handling systems industry 360° synopsis, 2013 – 2024
TABLE 2.    Global liquid handling systems market, 2013 – 2017 (USD Million)
TABLE 3.    Global liquid handling systems market, 2018 – 2024 (USD Million)
TABLE 4.    Global liquid handling systems market, by type, 2013 - 2017 (USD Million)
TABLE 5.    Global liquid handling systems market, by type, 2018 - 2024 (USD Million)
TABLE 6.    Global liquid handling systems market, by product, 2013 - 2017 (USD Million)
TABLE 7.    Global liquid handling systems market, by product, 2018 - 2024 (USD Million)
TABLE 8.    Global liquid handling systems market, by end use, 2013 - 2017 (USD Million)
TABLE 9.    Global liquid handling systems market, by end use, 2018 - 2024 (USD Million)
TABLE 10.   Global liquid handling systems market, by region, 2013 – 2017 (USD Million)


Related Report- Biopsy Devices Market-Biopsy Devices Market By Product, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

Know [email protected] https://www.marketwatch.com/press-release/biopsy-devices-market-size-2019-robust-expansion-by-top-key-manufactures-worldwide-overview-by-size-share-trends-segments-2019-05-23
 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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