Meticulous Research®, a prominent global market research company, has released a detailed report titled, ‘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.’
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As outlined in the report from Meticulous Research®, the liquid handling systems market is projected to reach $6.99 billion by 2029, growing at a CAGR of 6.4% from 2022 to 2029. The growth of this market is driven by the rapid development of the pharmaceutical and biotechnology sectors, increased R&D investment by biopharmaceutical companies, the widespread adoption of automation in laboratory settings, and a rising need for high-throughput screening technologies.
Additionally, expanding research in genomics and proteomics and the increasing potential in developing economies are expected to provide significant opportunities for market expansion.
However, the market faces challenges, particularly the high costs of automated liquid handling systems. Furthermore, the slow uptake of automation in small and medium-sized laboratories and the additional training required for staff to operate automated robotic liquid handling systems present obstacles to growth.
Liquid Handling Systems Market: Insights and Competitive Landscape
The liquid handling systems market is segmented based on type, product, application, end user, and geography. The report also evaluates industry competitors and analyzes the market at the regional and country levels.
By type, the automated liquid handling systems segment is expected to dominate the market in 2022, due to the numerous advantages of automated systems, including enhanced accuracy, efficiency, and the increasing demand for high-throughput screening.
From a product perspective, the pipette segment is anticipated to lead the market in 2022, driven by the frequent use of pipettes in laboratories, their capability to measure small quantities, and their broad applicability in various industries.
For application, the drug discovery segment is expected to dominate in 2022, driven by the growing demand for personalized drugs.
Among end users, the biotechnology and pharmaceutical industries are projected to account for the largest share in 2022, due to high R&D spending and collaborative efforts to develop novel therapeutic solutions.
Regional Market Analysis
The report provides a comprehensive analysis of major regional markets, including North America (comprising the U.S. and Canada), Europe (including Germany, France, U.K., Italy, Spain, and the rest of Europe), Asia-Pacific (featuring Japan, China, India, and surrounding regions), Latin America, and the Middle East & Africa.
In 2022, North America is projected to capture the largest share of the global liquid handling systems market, followed by Europe and Asia-Pacific. The substantial market share in North America is attributed to the region’s established biopharmaceutical industry, high levels of healthcare expenditure, growing demand for high-throughput screening technologies, and significant R&D investments.
Key Playres
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.).
To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/liquid-handling-systems-market-5397
Key questions answered in the report-
- Which are the high-growth market segments in terms of type, product, application, end user, and region/country?
- What was the historical market size for liquid handling systems across the globe?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges in the global liquid handling systems market?
- Who are the major players in the liquid handling systems market?
- How is the competitive landscape, and who are the market leaders in the global liquid handling systems market?
- What are the recent developments in the global liquid handling systems market?
- What are the different strategies adopted by the major players in the global liquid handling systems market?
- What are the geographical trends and high-growth regions/countries?
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