Liquid Handling Systems Market

Liquid Handling Systems Market Size (2023 to 2028)

The size of the global liquid handling systems market is anticipated to register at USD 3.78 Billion in 2023 and is expected to reach USD 5.32 Billion by 2028, growing at a CAGR of 7.1% during the forecast period.

Liquid Handling Systems are tools and equipment for combining, mixing, and blending liquid samples. This system relies on a high level of automation to ensure highly accurate data and fast processing. In addition, offering a vast volume of transferable pipettes and consumables improves operating efficiency. It is widely used in medication development, research institutes, and studies connected to life sciences and genetics. Liquid handling involves transporting liquid reagents using various platforms, from large-scale robotic platforms to single-channel pipettes. These instruments, used in everything from research to therapeutic settings, are critical for delivering precise measurements. Pipets and micropipettes, both digital and electronic, with fixed or disposable tips; microplate or microtiter plate dispensers, stackers, handlers, and washers; and various automated robotic systems are examples of liquid handling equipment.

MARKET DRIVERS:

Increasing expenditure in research & development activities need for new drugs, growing technological advancements, and increasing demand for high-output screening drive the global liquid handling systems market.

Furthermore, significant growth in vaccine manufacturing and the rapid adoption of automation in clinical applications are expected to boost the market throughout the forecast period. Again, the rising number of new infectious diseases also forces drug companies to invest more in drug development and produce more vaccines. In addition, automated liquid handling systems are used in many hospitals and diagnostic centers to detect fast and treat diseases. Increasing the focus on data quality and accuracy is also a major growing factor in the market.

Increasing the research activities in genomics and proteomics is a significant opportunity in the market. In addition, the scenario is also changing in developing economies. The COVID-19 epidemic has been advantageous to liquid handling systems and has positively impacted the need for fluid handling systems.

MARKET RESTRAINTS:

However, some factors hamper the growth of global liquid handling systems, such as the high costs and complex operability of the liquid handling systems. Further, the software used in the plans is extravagant, and the integration of electronic components may raise software interoperability. A significant challenge facing the liquid handling systems market is the lack of skilled professionals. Because liquid handling systems, mainly automated systems and full-scale workflow stations, are complicated, trained operators must operate them. In India, the number increased to 61%, while roughly 68%of businesses claimed they had trouble finding workers with the technical skills they needed in Brazil.

Impact of COVID-19 on the global liquid handling systems market:

COVID-19 testing is critical in today's therapeutic environment, and the number of people who have it is increasing daily. You'll find a collection of tools, technologies, services, and resources demonstrating how our lab solutions and systems may be incorporated into your testing processes. We're honored to be a part of this struggle, and we want to help you be as productive and safe as possible by providing you with the most reliable tools and technologies. Due to the increase in patients' health issues coming out after covid, several labs had to create private cooperation networks to handle the massive number of samples required. Sharing supplies, ideas, and technologies became the norm very rapidly. For a better scale translation, labs that have handled huge batches of PCR tests shared their techniques with those who had manually executed these operations. Supervisors and managers also had to deal with the difficulty of keeping employees safe and samples free of contamination while adhering to all of the newest regulatory rules.

REPORT COVERAGE:

This research report segmented and sub-segmented the global liquid handling systems market based on type, product, application, end-user, and region.

Liquid Handling Systems Market – By Type:

• Electronic
• Automated
• Manual

The electronic segment is expected to lead the respective part during the forecast period based on the type. Electronic liquid handling systems' higher accuracy, reproducibility, and lower cost than automated systems are key growth factors for this segment.

Liquid Handling Systems Market – By Product:

• Pipettes
• Consumables
• Microplate Reagent Dispensers
• Liquid Handling Workstations
• Burettes
• Microplate Washers
• Software
• others

Pipettes are used in various applications, and they can transfer a wide range of volumes. These are two primary driving factors for the pipette market. These advantages contribute to the segment's leading position in the liquid handling systems market during the forecast period.

Liquid Handling Systems Market – By Application:

• Genomics
• Drug Discovery
• Clinical Diagnostics
• Proteomics
• Others

During the forecast period, drug discovery is predicted to be the most significant section of the market. The growing need for novel and improved treatments and the rising incidence of chronic illnesses worldwide drive this segment's rise. Drug discovery and development involve several aspects, including preliminary candidate identification, synthesis, characterization, and screening. To be screened and evaluated, methods include in vitro HTS/uHTS tests, secondary confirmation screenings, counter screens, and ADME/Tox studies that necessitate large sample volumes.

Liquid handling systems are used in sample preparation, assay setup, high-throughput screening, in vitro tests, cellular assays, and in vivo toxicity studies during the drug discovery process.

Liquid Handling Systems Market – By End-User:

• Biotechnology and Pharmaceutical Companies
• Research Institutes
• Hospitals and Diagnostic Laboratories
• Academic Institutes
• Others

The biotechnology and pharmaceutical firms' categories are expected to have the largest market share and increase the fastest throughout the forecast period. Rising investments, expanding research activities, and advancements in the biotechnology and pharmaceutical industries drive this end-user segment's market expansion.

Liquid Handling Systems Market – By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

The North American liquid handling systems market is predicted to lead the worldwide liquid handling systems market, followed by Europe. In 2022, the North American regional market accounted for the most significant share among all the regions and is estimated to continue its dominance throughout the forecast period.

On the other hand, the Asia Pacific liquid handling systems market is predicted to develop fastest, with Japan, China, and India leading the way. Increasing government investment in the biomedical, pharmaceutical, and biotechnology industries and improving life sciences research infrastructure in emerging nations are some of the drivers driving market expansion in Asia.

KEY MARKET PARTICIPANTS:

Thermo Fisher Scientific Inc., Danaher Corporation, Eppendorf AG, Tecan Group Ltd., Mettler-Toledo International Inc., Hamilton Company, Perkinelmer, Inc., Sartorius AG, Corning Inc., Gilson, Inc., Lonza Group AG, Qiagen N.V., Agilent Technologies, Inc., Brooks Automation, Inc., SPT Labtech Ltd. (formerly TTP Labtech Ltd.), Hudson Robotics, Inc., Orochem Technologies Inc., Integra Holding AG, and BioTek Instruments, Inc. are few of the leaders in the global liquid handling systems market profiled in this report.

RECENT MARKET DEVELOPMENTS:

In March 2018, Thermo Scientific's launched TriPlus RSH Autosampler and Liquid Handling System with Robotic Tool Change is designed to offer the flexibility of multistep workflows in a single, cost-effective solution customized to meet a wide range of sample processing and application needs.