The liquid-handling technology market is expected to grow at a CAGR of 8.5% during the forecast period of 2023 to 2031, liquid-handling technology market plays a pivotal role in various scientific and medical domains by providing precise and automated solutions for the accurate handling of liquids. the Liquid Handling Technology market plays a vital role in advancing scientific research and pharmaceutical development. The drivers, including drug discovery, cancer genomics, and bioprocessing, continue to propel the market forward. However, the high initial costs and technical expertise required represent significant challenges. Market segmentation by type and application caters to diverse needs, while geographic trends reflect regional research activities. Leading players are expected to maintain their competitive edge through innovation and strategic partnerships in the coming years.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Key data point that enables the estimation ofLiquid Handling Technology market are as follows:
This product will be delivered within 2 business days.
Advancements in Drug Discovery
One of the primary drivers propelling the Liquid Handling Technology market is the continuous advancements in drug discovery. As pharmaceutical and biotechnology companies strive to develop innovative drugs, the need for automated liquid handling systems that can perform high-throughput screening and precise dosing has significantly increased. In 2022, the pharmaceutical industry witnessed a surge in research and development activities, with a focus on areas such as personalized medicine and novel drug targets. Liquid handling technology played a crucial role in accelerating the drug discovery process, leading to substantial revenue growth.Pioneering Research in Cancer Genomics
The field of cancer genomics has seen remarkable progress in recent years, with a growing emphasis on understanding the genetic basis of cancer and identifying targeted therapies. Liquid handling technology enables researchers to handle minuscule quantities of genetic material with utmost precision, facilitating groundbreaking discoveries. In 2022, several breakthroughs in cancer genomics research were achieved, leading to the development of new diagnostic tools and targeted therapies. Liquid handling systems played a pivotal role in enabling researchers to analyze and manipulate genetic material, contributing to the market's robust growth.Surging Demand in Bioprocessing
Bioprocessing, a critical component of biotechnology, has witnessed a surge in demand, driven by the production of biopharmaceuticals, vaccines, and other bio-based products. Liquid handling technology is indispensable in bioprocessing, ensuring the accurate and sterile transfer of fluids. In 2022, the bioprocessing industry experienced significant growth, with an increased focus on the production of monoclonal antibodies and cell-based therapies. Liquid handling systems, equipped with advanced features, played a pivotal role in optimizing bioprocessing workflows, leading to increased revenue.High Initial Costs and Technical Expertise
A significant restraint affecting the Liquid Handling Technology market is the high initial costs associated with acquiring and implementing liquid handling systems. Moreover, these systems require skilled operators who possess technical expertise in handling and maintaining the equipment. In 2022, organizations, especially smaller laboratories, and research facilities, faced challenges in adopting liquid handling technology due to budget constraints. The need for trained personnel added to the operational costs, making it difficult for some stakeholders to fully embrace the technology.Market Segmentation by Type: Fixed Liquid Handling Systems Dominates the Market
The Liquid Handling Technology market can be segmented by type into two categories: fixed and floating systems. In 2022, fixed liquid handling systems garnered the highest revenue due to their widespread use in laboratory settings, offering precision and consistency. Fixed liquid handling systems continued to dominate the market in 2022, particularly in research and diagnostic laboratories. Their ability to handle a wide range of applications, from sample preparation to assay development, made them the preferred choice for many scientific endeavors.Market Segmentation by Application: Drug Discovery And ADME-Tox Research Dominates the Market
The market segmentation by application encompasses drug discovery and ADME-Tox research, cancer and genomic research, bioprocessing/biotechnology, and other specialized applications. In 2022, drug discovery and ADME-Tox research accounted for the highest revenue, driven by the pharmaceutical and biotechnology sectors' needs. In 2022, the pharmaceutical industry intensified its focus on drug discovery, leading to increased adoption of liquid handling systems for high-throughput screening and pharmacokinetic studies. This emphasis on early-stage research contributed to the dominance of drug discovery and ADME-Tox research in the market.North America Remains as the Global Leader
Geographic trends in the Liquid Handling Technology market are influenced by factors such as regional research and development activities, pharmaceutical and biotechnology investments, and the presence of leading manufacturers. In 2022, North America and Europe represented the leading regions in terms of both revenue and growth rate. North America, with its concentration of pharmaceutical giants and research institutions, continued to be a major market for liquid handling technology in 2022. Europe also experienced substantial growth, driven by the expansion of biotechnology companies and academic research initiatives. Looking ahead to the period from 2023 to 2031, the Asia-Pacific region is expected to exhibit the highest Compound Annual Growth Rate (CAGR). This projection is supported by increasing investments in healthcare and life sciences research, particularly in countries like China and India.Market Competition to Intensify during the Forecast Period
The Liquid Handling Technology market features intense competition among various manufacturers and suppliers. In 2022, top players such as Thermo Fisher Scientific Inc., Beckman Coulter, Inc., Agilent Technologies, Inc., Danaher Corp., Gilson, Inc., PerkinElmer, Tecan Group Ltd., Hamilton Company and Eppendorf AG, held significant market shares, collectively contributing significantly to industry revenues. Leading companies in the Liquid Handling Technology market invested in research and development to introduce innovative liquid handling solutions. They also focused on enhancing their product portfolios to cater to diverse customer needs, from small research laboratories to large biopharmaceutical facilities. These top players are expected to continue their strategies in the forecast period from 2023 to 2031, emphasizing technological advancements and strategic collaborations. The market may also witness the entry of new players offering niche solutions to cater to specific applications.Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review.Key data point that enables the estimation ofLiquid Handling Technology market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Liquid Handling Technology market and their expected impact during the forecast period.
- Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Product
- Automated Workstations
- Standalone Workstations
- Integrated Workstations
- Small Devices
- Pipettes
- Electronic Pipettes
- Manual Pipettes
- Pipette Controllers
- Burettes
- Dispensers
- Others
- Consumables
- Regents
- Disposable Tips
- Tubes & Plates
- Others
Type
- Automated Liquid Handling
- Manual Liquid Handling
- Semi-automated Liquid Handling
Application
- Drug Discovery && ADME-Tox Research
- Cancer & Genomic Research
- Bioprocessing/Biotechnology
- Others
End-Use
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations
Region Segment (2021 - 2031; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Liquid Handling Technology market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Liquid Handling Technology market?
- Which is the largest regional market for Liquid Handling Technology market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Liquid Handling Technology market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Liquid Handling Technology market worldwide?
This product will be delivered within 2 business days.
Table of Contents
1. Preface
2. Executive Summary
3. Liquid Handling Technology Market: Competitive Analysis
4. Liquid Handling Technology Market: Macro Analysis & Market Dynamics
5. Liquid Handling Technology Market: By Product, 2021-2031, USD (Million)
6. Liquid Handling Technology Market: By Type, 2021-2031, USD (Million)
7. Liquid Handling Technology Market: By Application, 2021-2031, USD (Million)
8. Liquid Handling Technology Market: By End-Use, 2021-2031, USD (Million)
9. North America Liquid Handling Technology Market, 2021-2031, USD (Million)
10. UK and European Union Liquid Handling Technology Market, 2021-2031, USD (Million)
11. Asia Pacific Liquid Handling Technology Market, 2021-2031, USD (Million)
12. Latin America Liquid Handling Technology Market, 2021-2031, USD (Million)
13. Middle East and Africa Liquid Handling Technology Market, 2021-2031, USD (Million)
14. Company Profile
List of Figures
List of Tables
Companies Mentioned
- Thermo Fisher Scientific Inc.
- Beckman Coulter, Inc.
- Agilent Technologies, Inc.
- Danaher Corp.
- Gilson, Inc.
- PerkinElmer
- Tecan Group Ltd.
- Hamilton Company
- Eppendorf AG