Liquid Handling System Market worth $5.8 billion by 2027
According to latest report published by MarketsandMarkets, "Liquid Handling System Market by Product (Pipette, Consumables, Liquid Handling Workstations, Burettes, Software), Type (Automated, Electronic, Manual), Application (Drug Discovery, Clinical Diagnostics), End User (Research Institutes) - Global Forecast to 2027", is projected to reach USD 5.8 Billion by 2027 from USD 4.6 Billion in 2022, at a CAGR of 4.6 % during the forecast period.
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The growth of this market is majorly driven by industrial growth in the pharma-biotech sector, rising R&D expenditure by biotechnology and pharmaceutical industries, and increasing life science research which is supported by a favorable funding scenario, expansion of pharmaceutical & biotechnology industries, Increasing focus on data precision and accuracy and Increasing labor costs leading to higher automation requirements.
The Pipettes segment accounted for the largest share of the Hemato oncology testing devices market, by product type, in 2021.
On the basis of products type, the global liquid handling system market is segmented into Pipettes, Consumables, Pipettes, Consumables. Microplate Reagent Dispensers, Liquid Handling Workstations, Microplate Washers, Burettes, Software and Other Products. The Pipettes segment accounted for the largest share of the global hemato oncology testing market in 2021. This can be attributed to the high and growing demand of the drug discovery and the genomic and protenomic research.
The automated liquid handling systems segment holds a major share of the global Liquid handling system market, By type, in 2021.
By type, the global Liquid handling system market is broadly segmented into electronic systems, automated systems, and manual systems. In 2021, the Automated liquid handling systems segment dominated Liquid handling system market. Factors supporting the growth of the segment is the wide use in pharmaceutical & biotechnology companies for its speed, accuracy, reliability, and consistency of operations.
The drug discovery segment accounted for the largest share of the Liquid handling system devices market, by Application, in 2021
By application, the global Liquid handling system are classified into drug discovery, clinical diagnostics, genomics, proteomics, and other applications. In 2022, the drug discovery segment dominated the global market. This can be attributed to factor such as the rising investment in drug discovery and development, role of sample preparation, assay set-up, high-throughput screening, in vitro experiments, cellular assays, and in vivo toxicity studies.
North America dominates the global Liquid Handling System market
Based on the region, the liquid handling system market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). The global liquid handling system market is segmented into North America, Europe, Asia Pacific, and ROW. North America dominated liquid handling system market. The largest share can be attributed to North America due to the significant advances in the biotechnology and pharmaceutical industries and increasing investment and government funding for the research.
The major players in the Liquid Handling System are the liquid handling system market is highly consolidated and is dominated by various players. The major players operating in this market are Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Eppendorf (Germany), PerkinElmer Inc. (US) and Agilent Technologies, Inc. (US).
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