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Liquid Handling System Market Size, Share, Industry, Forecast and Outlook (2023-2030)
Liquid Handling System Market DataM
The global liquid handling systems market is anticipated to achieve a high CAGR during the forecast period from 2023 to 2030. Significant growth and transformative trends have shaped the global market over the years, influenced by various factors that impact its dynamics. The transfer of liquid reagents, known as liquid handling, encompasses a range of equipment, from small single-channel pipettes to large robotic platforms, and is crucial for precise measurements in applications from research to therapeutics.
Government Initiatives and Research
Government investments and research initiatives, particularly in developing economies, are expected to drive the adoption of advanced liquid handling systems, including software solutions. These innovative systems are available in various modalities, such as automatic, semi-automatic, or manual, catering to diverse user needs.
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Dynamics of the Liquid Handling Systems Market
Collaborations and acquisitions in developed economies have played a pivotal role in the growth of their healthcare sectors. High investments, income levels, and infrastructure development have led to substantial demand for liquid handling systems. Collaborations, acquisitions, and product launches with technological advancements between different countries are key factors influencing market growth. A noteworthy example is the collaboration between SCIEX and Beckman Coulter Life Sciences, aimed at delivering integrated workflows for various scientific studies.
Impact of Technological Advancements
The rising utilization of novel technology and diverse products and systems for various research purposes is a major driver of market growth. Ongoing technological advancements and increased research for innovative product development further contribute to the evolution of the liquid handling systems market.
Economic Implications of Liquid Handling Errors
Ensuring precise dispensing of vital reagents by automated liquid handlers is crucial to prevent hidden errors that could impact processes. Even slight variations in reagent quantities can result in low-quality data, leading to additional costs for corrective measures. The economic impact of ongoing processes based on potentially erroneous data could be substantial, emphasizing the need for accuracy. Moreover, exceeding target amounts of expensive or rare chemicals due to liquid delivery system errors may result in a significant economic impact through the loss of valuable materials.
Segment Analysis of Liquid Handling Systems
The global market is segmented based on product type, modality, application, end-user, and region. The automatic liquid handling systems segment holds a significant market share of approximately 54%. These systems, including robots and workstations, enable precise liquid dispersion and sampling.
Geographical Distribution of the Liquid Handling Systems Market
North America accounted for around 34% of the market share in 2022, driven by the increasing demand for liquid handling systems in healthcare. The region's economic growth, coupled with advancements in technology and modalities, contributes to the growth of the market. North America, particularly the United States, leads in government initiatives, infrastructure development, and research, fueling the demand for liquid handling systems.
Impact of COVID-19 on the Liquid Handling Systems Market
The COVID-19 pandemic presented challenges for the global liquid handling systems market, with disruptions in the pharmaceutical sector. However, ongoing research studies and product launches indicate a moderate impact, with the market expected to grow steadily due to the continued need for innovative products.
Key Developments
On September 18, 2023, the Life Science Group Sartorius introduced the Picus 2 Electronic Pipette, setting new standards for performance and connectivity in dispensing for biopharmaceutical or QC applications.
On June 8, 2023, Agilent Technologies Inc. unveiled the BioTek 406 FX, a portable device with plate-washing and reagent dispensing features, expanding liquid handling functions.
Key Players in the Liquid Handling Systems Market
Major global players in the market include Thermo Fisher Scientific Inc., Beckman Coulter, Inc., Eppendorf SE, Agilent Technologies Inc., Hamilton Company, PerkinElmer Inc., Merck KGaA, Sartorius AG, Biotron Healthcare, and Waters Corporation, among others.
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