Global Liquid Handling Systems Market Size By Product Type, By End-user Industry, By Application, By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Liquid Handling Systems Market Size By Product Type, By End-user Industry, By Application, By Geographic Scope And Forecast
Liquid Handling Systems Market Size And Forecast
Liquid Handling Systems Market size was valued at USD 3.5 Billion in 2023 and is projected to reach USD 5.20 Billion by 2030, growing at a CAGR of 5.84% during the forecast period 2024-2030.
Global Liquid Handling Systems Market Drivers
The market drivers for the Liquid Handling Systems Market can be influenced by various factors. These may include
- Automation and EfficiencyMore and more businesses, like pharmaceuticals, biotechnology, and clinical diagnostics, need high-throughput screening. This is driving the use of automated liquid handling systems. These systems are more efficient, accurate, and repeatable, which means they cut down on mistakes made by hand and boost production.
- Technological ProgressThe market is growing because of new technologies that make it easier to handle liquids, like robots, precision dispensing, and software solutions that work with other systems. Researchers and scientists are interested in advanced features like being able to be programmed, working with different lab protocols, and integrating with other lab tools.
- Rising R&D InvestmentsThe demand for liquid handling systems is being driven by rising investments in research and development, especially in the life sciences and healthcare industries. Because these systems are so useful in finding new drugs, studying genomes and proteins, and other areas of research, labs and research centres all over the world are starting to use them.
- Demand for Personalised Medicine Is GrowingThe demand for precise liquid handling solutions is growing because of the move towards personalised medicine and progress in genomics and molecular diagnostics. Liquid handling systems help researchers correctly handle small amounts of samples, which makes it easier to create personalised therapies and diagnostics.
- Tough Regulatory RequirementsIn fields like drugs and clinical diagnostics, strict regulatory requirements mean that liquid handling systems need to be accurate and reliable in order to meet quality standards and regulatory guidelines. This makes people want to use more modern technologies for handling liquids that offer accuracy, precision, and traceability in the ways samples are handled.
Global Liquid Handling Systems Market Restraints
Several factors can act as restraints or challenges for the Liquid Handling Systems Market. These may include
- High Initial InvestmentThe purchase of equipment and the installation of infrastructure are common initial costs associated with liquid handling systems. This may discourage smaller labs or establishments with tighter financial constraints from implementing these technologies.
- Complexity and Training RequirementsThe proper operation of liquid handling systems often involve specialised training due to their complexity. Adoption may be hampered by the necessity for trained staff, especially in situations where hiring qualified specialists is costly or difficult.
- Cost of MaintenanceTo guarantee accuracy and dependability, these systems need to have regular maintenance performed. Users may find themselves financially burdened by maintenance costs, which can accumulate over time and include calibration, repairs, and consumable replacement.
- Problems with CompatibilitySystems for handling liquids must work with a range of lab supplies, such as pipettes, plates, and reagents. Adoption may be hampered by incompatibilities between various parts or with current laboratory operations.
- Hazard of ContaminationSamples, reagents, or equipment may get contaminated as a result of improper handling or upkeep of liquid handling systems. This contamination risk has the potential to raise experiment costs overall and compromise the validity of experimental outcomes.
- Regulatory ComplianceStrict regulations must be followed by laboratories that work in regulated sectors, such clinical diagnostics or pharmaceuticals. These regulatory criteria must be met via liquid handling systems, which adds another level of complexity and possible expense to implementation.
Global Liquid Handling Systems Market Segmentation Analysis
The Global Liquid Handling Systems Market is Segmented on the basis of Product Type, End-user Industry, Application, and Geography.
By Product Type
- Systems for Manually Handling LiquidsThese manually operated systems are frequently chosen due to their ease of use, affordability, and adaptability in managing various liquid volumes. They are appropriate for labs where precise control is crucial or where throughput requirements are reduced.
- Automated Liquid Handling SystemsThese systems increase throughput, accuracy, and efficiency by streamlining liquid handling procedures through the use of automation technologies. Because they increase reproducibility and lower the possibility of human mistake, they are perfect for high-throughput applications.
- Electronic PipettesCompared to conventional manual pipettes, electronic pipettes offer higher precision and repeatability due to their electronic controls for accurate volume measuring and dispensing.
- Pipette controllersDesigned to reduce hand fatigue and improve workflow efficiency, pipette controllers are used for aspirating and dispensing liquids using pipettes. They offer precise control and an ergonomic design.
- Pipette TipsTo avoid cross-contamination and guarantee precise liquid handling, pipettes are used with these disposable tips.
By End-user Industry
- Pharmaceutical and Biotechnology Companies Businesses in the pharmaceutical and biotechnology industriesThese organisations use liquid handling systems for a variety of purposes, including quality control, medication development, and discovery.
- Academic and Research InstitutesLiquid handling systems are used in research labs at academic institutions for a range of scientific experiments, such as cell culture, proteomics, and genomics.
- Contract Research Organisations (CROs)Using liquid handling systems for drug discovery, preclinical research, and analytical testing, CROs provide research services to academic, pharmaceutical, and biotechnology institutions.
- Diagnostic LaboratoriesIn the domains of clinical chemistry, immunoassays, and molecular diagnostics, liquid handling systems are utilised for sample processing, testing, and analysis.
- Chemical and Petrochemical sectorsIn research, development, and quality control procedures, these sectors precisely measure and dispense chemicals using liquid handling devices.
By Application
- Drug creation and DiscoveryHigh-throughput testing, assay creation, compound screening, and other phases of drug discovery all depend heavily on liquid handling equipment.
- GenomicsPCR setup, sequencing, DNA and RNA isolation, and other genomic applications are performed using these devices.
- ProteomicsThe accurate handling of protein samples for purification, analysis, and characterization in proteomic research is made possible by liquid handling devices.
- Clinical DiagnosticsIn domains like molecular diagnostics and immunoassays, liquid handling systems are utilised in clinical laboratories for sample processing, assay automation, and result analysis.
- High-Throughput Screening (HTS)In drug development and functional genomics research, liquid handling devices automate the screening of sizable chemical libraries.
By Geography
- North America Market conditions and demand in the United States, Canada, and Mexico.
- Europe Analysis of the Liquid Handling Systems Market in European countries.
- Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa Examining market dynamics in the Middle East and African regions.
- Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Liquid Handling Systems Market are
- Agilent Technologies
- Beckman Coulter Life Sciences
- Danaher Corporation (parent company of Beckman Coulter Life Sciences)
- Eppendorf
- Hamilton Company
- PerkinElmer Inc.
- Tecan Group Ltd
- Thermo Fisher Scientific
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Agilent Technologies, Beckman Coulter Life Sciences, Danaher Corporation (parent company of Beckman Coulter Life Sciences), Eppendorf, Hamilton Company, PerkinElmer Inc., Tecan Group Ltd, Thermo Fisher Scientific |
SEGMENTS COVERED | Product Type, End-user Industry, Application, And Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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