Automated Liquid Handling Market to Perceive an Aggrandizing Growth by 2023

Automated liquid handling (ALH) has now become a vital tool in drug development and discovery, especially in high-throughput screening procedures comprising millions of compounds. Different innovations in ALH systems have facilitated assay miniaturization, thereby exponentially accelerating the discovery of chemical probes and drug candidates for querying biological systems.

The major factors that drive the global ALH market are advantages of ALH systems over manual pipetting, a dearth in skilled professionals, and technological advancements associated with ALH systems. In addition, the rise in awareness of the benefits of using ALH is expected to fuel the market growth.

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However, high costs of instruments and complex operability of advanced ALH systems are expected to restrain the market growth. Furthermore, untapped potential of emerging markets provides lucrative opportunities to the market players.

According to Allied Market Research, the global ALH market was valued at $585 million in 2016 and is projected to reach $1,054 million by 2023, growing at a CAGR of 8.7% from 2017 to 2023. The multi-instrument ALH system segment is anticipated to witness the highest growth rate from 2017 to 2023.

At present, the biotechnology and pharmaceutical companies dominate the end-user segment and are expected to grow at a CAGR of 7.5% during the forecast period. This is attributable to increase in usage and application of ALH systems to carry out high-throughput screening in these companies.

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Major Players:

•Tecan Group Ltd.
•Corning Incorporated
•Hamilton Company
•Agilent Technologies
•Mettler-Toledo International Inc.
•PerkinElmer Inc.
•Thermo Fisher Scientific Inc.
•Danaher Corporation
•Aurora Biomed
•Eppendorf AG.

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•The developmental strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

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