Press release
Automated Liquid Handling Market to Perceive an Aggrandizing Growth by 2023
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.
Key Benefits:
•This report provides a detailed quantitative analysis of the current market trends to identify the prevailing opportunities.
•Market estimations are based on a comprehensive analysis of the key developments in the industry.
•In-depth analysis based on geography assists to understand the regional market and the strategic business planning.
•The developmental strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company implies the client’s insight into the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to aid the clients to turn into a prominent business firm.
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