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Automated Liquid Handling Systems Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033
Automated Liquid Handling Systems Market
As per the report, the automated liquid handling systems market size has grown strongly in recent years. It will grow from $3.65 billion in 2023 to $3.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The automated liquid handling systems market size is expected to see strong growth in the next few years. It will grow to $5.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Chronic Disease Surge Propels Automated Liquid Handling Market
The growing prevalence of chronic diseases is expected to propel the growth of the automated liquid handling systems market going forward. A chronic disease refers to a long-lasting condition that can be managed but typically cannot be cured completely. The growing prevalence of chronic diseases is due to increased consumption of processed foods, sedentary lifestyles characterized by prolonged sitting, and reduced physical activity. Automated liquid handling systems offer advantages such as improved accuracy, reproducibility, and throughput compared to manual pipe*tting, making them indispensable in the pharmaceutical and biotechnology industries. For instance, in January 2023, according to a report published by the National Institutes of Health (NIH), a US-based biomedical research agency, the number of people aged 50 and older with at least one chronic illness is predicted to rise by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. Additionally, in May 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency of the United States, in 2021, approximately 695,000 individuals in the United States succumbed to heart disease, equating to one out of every five deaths. Therefore, the growing prevalence of chronic disease is driving the growth of the automated liquid handling systems market.
Advancements In Automated Liquid Handling
Companies operating in the automated liquid handling systems market are focused on developing dual-core pipetti*ng technology solutions to strengthen their position in the market. Dual-core pipetti*ng technology refers to a sophisticated liquid handling system used in laboratory settings for accurate and precise dispensing of liquids. For instance, in February 2022, SPT Labtech, a UK-based automated liquid handling manufacturer and designer, launched the apricot DC1 at SLAS 2022 in Boston. It is a compact 4-in-1 automated liquid handling platform controlled via software, enhancing various applications' throughput, standardization, and data quality. It consolidates four distinct pipettin*g instruments into one compact unit, facilitating high-volume and low-volume single- and multichannel pipetti*ng tasks.
The automated liquid handling systems market covered in this report is segmented -
1) By Type: Automated Liquid Handling System, Semi-automated Liquid Handling System
2) By Application: Drug Discovery And ADME-Tox Research, Cancer And Genomic Research, Bioprocessing Or Biotechnology, Other Applications
3) By End User: Contract Research Organizations, Pharmaceutical and Biotechnology, Academic and Research Institutes
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Major companies operating in the automated liquid handling systems market are Thermo Fisher Scientific Inc, Danaher Corporation, Becton Dickinson and Company, Corning Inc, Agilent Technologies, Lonza, PerkinElmer Inc, Mettler-Toledo International Inc, Beckman Coulter, Waters Corp, Bio-Rad Laboratories Inc, Qiagen NV, Eppendorf AG, Tecan Group Ltd, Hamilton Company, Formulatrix Inc, Analytik Jena AG, LABCYTE INC, Gilson Inc, BioTek Instruments Inc, Aurora Biomed Inc, Synchron Lab Automation, Hudson Robotics Inc, AUTOGEN INC, Beijing TXTB
Contents of the report:
1. Executive Summary
2. Automated Liquid Handling Systems Market Report Structure
3. Automated Liquid Handling Systems Market Trends And Strategies
4. Automated Liquid Handling Systems Market - Macro Economic Scenario
5. Automated Liquid Handling Systems Market Size And Growth
…..
27. Automated Liquid Handling Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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