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Automated Liquid Handling Market size is projected to reach $1,480 million by 2027, registering a CAGR of 8.5% from 2020 to 2027

02-23-2021 12:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Report Ocean

According to a new report published by Report Ocean, titled, “Automated Liquid Handling Market by Type, Modality, Procedure, End User: Opportunity Analysis and Industry Forecast, 2020–2027,"" the global automated liquid handling market size was valued at $763 million in 2019, and is projected to reach $1,480 million by 2027, registering a CAGR of 8.5% from 2020 to 2027.

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Automated liquid handling (ALH), a class of medical devices that dispenses a selected quantity of reagents, samples and other liquids to a designated container. The major factors that drive the global automated liquid handling market include technological advancements associated with ALH systems, rise in adoption of ALH in pharmaceutical companies & R&D institutes, development of R&D infrastructure in emerging economies, and advantages of ALH systems over manual pipetting. Moreover, key advantages such as rise in productivity, efficiency, and enhanced accuracy are the key drivers of the ALH market. However, high costs of instruments and complex operability of advanced ALH systems are expected to hamper the market growth. Furthermore, untapped potential of emerging markets provides lucrative opportunities for automated liquid handling market players.

By type, the standalone ALH type segment accounted for the largest share in the market, owing to lower cost and higher usage among different research and clinical settings. However, the multi-instrument ALH system segment is expected to show fastest market growth during the forecast period, owing to rise in adoption of technologically advanced multi-instrument ALH.

Based on procedure type, the serial dilution procedure segment is anticipated to dominate the market during the forecast period, owing to increase in adoption of ALH within laboratories for serial dilution. However, array printing is expected to show significant market growth during the forecast period. Presently, by end user, the biotechnology and pharmaceutical companies segment dominates the market and is expected to grow at a CAGR of 7.7% during the forecast period. Increase in the use and application of ALH systems to carry out high throughput screening in the biotechnology and pharmaceutical industry is expected to boost the automated liquid handling market growth.

On 11th March 2020, the World Health Organization made an assessment that COVID-19 can be characterized as a pandemic. In addition, there are no drugs that are currently licensed for the treatment of COVID-19 treatment or prevention. Testing for COVID-19 has been an ongoing bottleneck in the fight against COVID-19. With growth in need to process specimens faster with greater accuracy, interest in automated liquid handlers and robotics that can handle the workload has been increasing rapidly. Thus, COVID-19 infection uplifted growth and opportunities for manufacturers of automated liquid handling during the forecast period.

Different ALH suppliers have started to customize these systems specifically for work related to coronavirus. For instance, in April 2020, Hamilton Company and Zymo Research Corporation announced that they have collaborated and launched MagEx STARlet assay-ready workstation with Quick-DNA/RNA Viral MagBead Kit protocol to extract pure DNA/RNA from the novel coronavirus, SARS-CoV-2. The jointly developed automated solution offers significant advantages compared to manual processing of samples via traditional time-consuming methods such as spin columns.

According to Onkar Sumant, Manager, Healthcare at Report Ocean, “growth in adoption of automated liquid handling and technological advancements majorly drive the market growth. Furthermore, increase in awareness of ALH in emerging countries, and rise in number of researches across the globe further contributes to growth of the market.”

Key Findings Of The Study

By type, the standalone segment held approximately half of the share in the global automated liquid handling market in 2019.
By procedure, the array printing segment exhibits fastest growth and is expected to grow at a CAGR of 12.0% from 2020 to 2027.
By end user, the biotechnology & pharmaceutical companies segment held largest automated liquid handling market share in 2019 and is expected to remain dominant throughout the forecast period.
By region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 10.3% during the forecast period.
North America accounted for more than one third of the global automated liquid handling market share in 2019, and is expected to remain dominant throughout the forecast period. This was attributed to rise in adoption of ALH system, wide availability of advanced ALH, large presence of pharmaceutical and biotech companies and R&D laboratories, and large presence of trained professionals. However, Asia-Pacific is expected to witness highest growth rate during the forecast period, attributable to rise in awareness related to ALH systems, the developing R&D sector, and developing infrastructure of research and clinical settings.

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