Press release
Automated Liquid Handling Market Size to cross USD $2.38 Billion by 2030
The automated liquid handling market was valued at $960.98 million in 2020, and is estimated to reach $2.4 Billion by 2030, growing at a CAGR of 9.4% from 2021 to 2030.
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COVID-19 Scenario
The outbreak of COVID-19 has had a positive impact on the growth of the global automated liquid handling market, owing to the surge in need to process specimens faster in the laboratory for research purposes regarding COVID-19 virus.
Thus, rise in customizations of automated liquid handling systems by different automated liquid handling suppliers, especially for coronavirus related works, positively impacted the market.
Based on procedure, the serial dilution segment generated the highest market share in 2020, holding one-fifth of the total market. The array printing segment, on the other hand, is expected to exhibit the fastest CAGR of 14.1% during the forecast period.
Based on region, the market across North America held the lion's share in 2020, garnering more than two-fifths of the total market. The Asia-Pacific, on the other hand, is anticipated to cite the fastest CAGR of 11.6% during the forecast period.
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North America accounted for major share of the global automated liquid handling market share in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to rise in adoption of ALH system, wide availability of advanced ALH, large presence of pharmaceutical & biotech companies and R&D laboratories, and large presence of trained professionals. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period. Moreover, Japan and China are expected to grow at high CAGR in Asia-Pacific automated liquid handling market majorly due to rise in awareness related to ALH systems, developing R&D sector, and developing infrastructure of research and clinical settings.
The key players of the market analyzed in the global automated liquid handling market include Corning Incorporated, Danaher Corporation (Beckman Coulter Inc.), Eppendorf AG, Gilson, Inc., Hamilton Company, AgilentTechnologies, Inc. (Biotek Instruments, Inc.), Aurora Biomed Inc., Mettler-Toledo International Inc., Perkinelmer, Inc., Tecan Group Ltd.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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