Liquid Handling Systems Market to hit $2.0 bn by 2024| Prominent Players: Beckman Coulter, PerkinElmer, Inc., Tecan, Danaher Corporation, Thermo Fisher Scientific

The Liquid Handling Systems Market is set to exceed USD 2.0 billion by 2024; according to a new research study published by Global Market Insights, Inc. Growing R&D and clinical trials by pharmaceutical companies as well as biotechnology industry will foster the liquid handling systems market growth over the projection years. Clinical trials and drug discovery have increased incredibly over the past few years due to growing number of serious diseases. Also, increased drug development will bring new compound with proven therapeutic effect to the market; requiring extensive use of liquid handling systems, thereby boosting the market growth.

Increasing application of various laboratory processes such as serial dilution, PCR, array printing, plate replication, cell culture and whole genome amplification is also driving the liquid handling systems industry growth. Growing awareness about early disease diagnosis and prevention has stimulated demand for these laboratory processes for detection of cancer and infectious diseases at an early stage. Therefore, introduction of manual as well as automated liquid systems in laboratories is augmenting to industry expansion. The liquid handling devices market is anticipated to grow moderately as such equipment delivers precise control for sample and reagent volume transfers, ensuring reproducible results, while making work in the laboratory much easier. Furthermore, automated systems are resulting in reliable and consistent processes and let goes off from any tedious pipetting, hence allowing individuals to focus on other significant laboratory tasks.

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Manual liquid handling systems market segment held significant share of total product market valuation, accounting for a total value of USD 844.9 million 2017. The large volume of such products along with lesser costs is the major factor contributing towards the large market share of these devices. Some of the players operating in this segment are Tecan, Eppendorf, Thermo Fisher Scientific, Inc., BioTek Instruments, Inc. and Gilson Incorporated.

Automatic liquid handling systems market segment is estimated to expand at a CAGR of 5.9% over the forecast period. Automated systems reduce the time spent on repetitive pipetting tasks at any throughput level; hence, meeting multiple liquid handling requirements. In addition, automated tools are designed in such a manner that sampling, mixing, and combining of liquid samples are done automatically without any severe efforts.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Beckman Coulter
• PerkinElmer, Inc.
• Tecan
• Danaher Corporation
• Thermo Fisher Scientific
• Eppendorf North America Sartorius
• Agilent Technologies
• QIAGEN
• Hudson Robotics, Inc.
• BioTek Instruments

Liquid handling consumables market segment dominated the industry, accounting for USD 564.1 million in 2017. Greater application, lesser price and repetitive purchase is responsible for the growth of consumables market segment. In addition, consumables are used vastly for some of the major application such as sample preparation in mass spectrometry and PCR, hence accelerating the market growth.

Automated workstation market segment is estimated to expand at a CAGR of 6.0% during the forecast timeframe. Factors such as greater flexibility, improved performance, and enhanced productivity will boost the market growth. Furthermore, automated workstations are modular that be further customized to suit various applications, such as proteomics, cellular analysis sample preparation for genomics, etc., thereby propelling the demand for automated workstation.

Pharmaceutical & biotechnology industry market generated maximum revenue share in the year 2017 with a value of USD 635.5 million. Researchers in huge pharmaceutical companies are constantly overcoming bottlenecks in drug discovery and development by using automated liquid systems. Such devices aid in drug discovery by streamlining the whole workflow of sample preparation, hence driving the market growth in pharmaceutical & biotechnology industry.

Liquid handling systems usage in diagnostic centres is expected to experience robust growth at 5.8% over the projection period. Increasing incidence of lifestyle diseases such as atherosclerosis, heart disease, stroke, obesity and type 2 diabetes and growing investment in R&D to develop cost effective therapeutic options will drive the growth of diagnostic centers in liquid handling systems market

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U.S. market valued USD 472.4 million in the year 2017. Presence of large number of pharmaceutical companies as well one of the most developed biotechnology sectors in the U.S. is boosting the market. In addition, scientific and technological advancements as well as growing understanding of the underlying mechanisms of disease are increasing the development of new therapeutic treatments for U.S. patients.

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

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This release was published on openPR.