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Global Market Analysis of Automated Liquid Handling Technologies 2024
Automated Liquid Handling Technologies Market Size
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According to The Business Research Company's, The automated liquid handling technologies market size has grown rapidly in recent years. It will grow from $1.96 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to the increasing demand for high-throughput screening, increased investment in drug development, increased clinical trials, increasing spending in diagnostic centers, and a rise in the pharmaceutical industry.
The automated liquid handling technologies market size is expected to see rapid growth in the next few years. It will grow to $3.35 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to the growing adoption of personalized medicine, rising investments in research and development, the expansion of biotechnology and pharmaceutical industries, increased demand for genomic analysis, and increased use of innovative automated liquid-handling workstations. Major trends in the forecast period include the integration of artificial intelligence and machine learning, increased automation in laboratory workflows, technological advancements, increasing partnerships, and the development of more user-friendly and versatile liquid handling systems.
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Market Drivers and Trends:
The rising air pollution is expected to propel the growth of the asthma spacer market going forward. Air pollution refers to harmful substances in the atmosphere that are detrimental to human health, the environment, and the overall quality of life. Air pollution is a significant environmental and public health challenge caused by both natural and human activities. It encompasses many harmful substances that affect human health and ecosystems. Asthma spacers can act as a preventative measure during periods of high air pollution by reducing the number of pollutants that enter the airways when using inhalers, lowering the chance of asthma symptoms worsening owing to airborne irritants. For instance, in March 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, in 2023, global energy-related carbon dioxide (CO2) emissions increased by 1.1%, equivalent to 410 million metric tons (Mt CO2) compared to 321 million metric tons in 2022. It is reaching a record high of over 37.4 metric tons in 2023, compared to 36.8 billion metric tons in 2022. The rising air pollution will drive the growth of the asthma spacer market.
Major companies operating in the automated liquid handling technologies market are developing innovative technologies, such as the genomics liquid handling platform, to serve customers with advanced features better. A genomics liquid handling platform is a specialized automated system explicitly designed for handling liquids in genomic applications. For instance, in November 2023, SPT Labtech, a UK-based biotechnology company, launched the Firefly all-in-one genomics liquid handling platform, a revolutionary tool to streamline genomic liquid handling workflows. The Firefly platform is designed to automate repetitive liquid handling tasks, significantly increasing the quality and quantity of output data for NGS library preparation. These enhancements cater to the specific needs of clinical laboratories, providing rapid setup, minimized downtime, versatility, and user-friendly operation to meet the rigorous demands of regulated environments and the increasing complexity of LDTs.
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Major Key Players of the Market:
Tecan Trading AG, Thermo Fisher Scientific Inc., Danaher Corporation, Corning Incorporated, Agilent Technologies Inc., PerkinElmer Inc., Sartorius AG, Lonza Group Ltd., QIAGEN N.V., Eppendorf AG, METTLER TOLEDO, Hamilton Company, Beckman Coulter Inc., Biotix Inc., Opentrons, Formulatrix Inc., Analytik Jena AG, Gilson Inc., LABCYTE INC., BioTek Instruments Inc., Aurora Biomed Inc., Autogen Inc., Hudson Robotics, Andrew Alliance S.A., Brooks Life Sciences
Automated Liquid Handling Technologies Market 2024 Key Insights:
• The automated liquid handling technologies market size is expected to see rapid growth in the next few years. It will grow to $3.35 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
• Impact Of Chronic Diseases On Automated Liquid Handling Technologies Market
• Innovative Firefly Platform To Streamline Liquid Handling For NGS-Based Laboratory Developed Tests
• North America was the largest region in the automated liquid handling technologies market in 2023
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