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Liquid Handling System market was valued at US$ 3996 million in 2022 and is anticipated to reach US$ 4970.4 million by 2029, witnessing a CAGR of 3.1% - Valuates Reports
The global Liquid Handling System market was valued at US$ 3996 million in 2022 and is anticipated to reach US$ 4970.4 million by 2029, witnessing a CAGR of 3.1% during the forecast period 2023-2029.Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-32J7053/Global_Liquid_Handling_System_Market_Insights_and_Forecast_to_2028
Liquid Handling System Market Trends
The Liquid Handling System market is experiencing significant growth and expansion due to various factors. The pharmaceutical and biotechnology industries are witnessing explosive growth, leading to increased demand for liquid handling systems. The rising costs of research and development in biopharmaceutical businesses and the need for high-throughput screening are also contributing to the market expansion. Furthermore, the adoption of automation in laboratories is rapidly increasing, driving the demand for liquid handling systems. Additionally, the expanding genomics and proteomics research sectors, along with the development of economies, present significant growth opportunities for this market.
However, the high cost of automated liquid handling systems is a major limitation to the market expansion. Small and medium-sized laboratories are slow in adopting automation, and the increased training required for laboratory staff to operate robotic liquid handling workstations poses challenges to market growth.
The COVID-19 pandemic had a notable impact on the liquid handling system market. The need for liquid handling devices sharply increased as laboratories had to analyze a significant number of viral samples quickly. High-throughput and extensive testing became crucial, leading to a surge in demand for liquid handling equipment. Moreover, the race to develop new COVID-19 vaccines further drove the demand for sophisticated automated liquid handling systems. Although the market initially faced challenges due to the pandemic, it eventually experienced increased demand.
In terms of market analysis, several prominent companies are involved in the global liquid handling system market, including Thermo Fisher Scientific, Mettler-Toledo, Eppendorf, Sartorius, Corning, and others. The top five manufacturers globally hold over 20% of the market share. The United States leads the market with a share of approximately 40%, followed by China and Europe, each holding about 40% of the market.
In terms of product segmentation, consumables hold the largest market share, accounting for close to 60%. In terms of applications, the most common users of liquid handling systems are pharmaceutical and biotechnology companies, followed by academic and research institutes.
Key Segmentations:
By Company:
Thermo Fisher Scientific
Eppendorf
Mettler-Toledo
Tecan
Sartorius
PerkinElmer
Corning
Danaher
Gilson
Agilent
Integra Holding
Brand GmbH + Co Kg
Hamilton Company
BioTek Instruments
Ttp Labtech Ltd
Labcyte
Analytik Jena
Segment by Type:
Automated Pipeting Systems
Manual Pipettes Systems
Electronic Pipettes Systems
Segment by Application:
Academic & Research Institutes
Pharmaceutical & Biotechnology Companies
Overall, the Liquid Handling System market is witnessing growth due to the expansion of the pharmaceutical and biotechnology industries, increased adoption of automation, and the demand for high-throughput screening. Although challenges such as high costs and slow adoption among smaller laboratories exist, the market is expected to continue growing, fueled by advancements in research and increasing demand from various sectors.
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