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Major Force in the Liquid Handling Systems Market 2025: Rising Adoption Of Personalized Medicine To Drive Demand For Liquid Handling Systems
Liquid Handling Systems Market
The market for liquid handling systems has seen a robust growth in recent years, and the momentum is expected to continue. The market value is projected to increase from $4.36 billion in 2024 to $4.67 billion in 2025, marking a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this uptick during the historical period include expansion in biotech and pharmaceutical industries, an increase in clinical trials, high potential for growth in emerging markets, and a rise in initiatives as well as research activities.
It is anticipated that the market size of liquid handling systems is set to experience substantial growth over the upcoming years, expanding to a value of $6.03 billion by 2029, with a compound annual growth rate (CAGR) of 6.6%. This projected growth over the forecast period can be associated with factors such as an upsurge in funding for drug development and research, an amplified demand for high-throughput screening, a heightened focus on drug discovery, and the advent of sophisticated solutions. The forecast period is also poised to see key trends such as advancements in lab development and manufacturing, remarkable technological innovations, as well as the unveiling of new products and services.
What Factors Are Fueling Growth in the Liquid Handling Systems Market?
The liquid handling systems market is poised for significant growth due to the increasing uptake of personalized medicine. Personalized medicine is a medical approach that uses an individual's specific genetic, environmental, and lifestyle characteristics to tailor their treatment and intervention. The need for genomic research, advanced technology, and data analytics is prompting greater adoption of personalized medicine. In the context of liquid handling systems, personalized medicine enhances their function by allowing for the accurate dispensing of reagents and samples based on individual patient profiles, thereby optimizing workflows and enhancing accuracy in sample preparation and analysis for both diagnostics and therapeutics. The Personalized Medicine Coalition, a non-profit organization in the US, reported in April 2024 that in 2022, 37 NMEs were approved by the FDA's CDER, the majority of which were medicines. The PMC categorized approximately 34% (or 12) of these as personalized medications, marking a rise from 35% in 2021. Consequently, this surge in personalized medicine acceptance is catalyzing the expansion of the liquid handling system market.
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Who Are the Major Industry Players Fueling Liquid Handling Systems Market Expansion?
Major companies operating in the liquid handling systems market are Thermo Fisher Scientific Inc., Danaher Corporation, Corning Incorporated, Lonza Group Ltd., PerkinElmer Inc., Sartorius AG, Mettler-Toledo International, Bio-Rad Laboratories Inc., Qiagen N.V., Integra Biosciences AG, Eppendorf, Tecan Trading AG, Promega Corporation, Metrohm A.G., Hamilton Company, 10x Genomics, Analytik Jena AG, BioTek Instruments, Hudson Robotics Inc., Gilson Inc., Orochem Technologies Inc, Aurora Biomed Inc., SciRobotics Ltd
Which Key Developments Are Influencing the Liquid Handling Systems Market?
Leading companies engaged in the liquid handling systems market are concentrating on the development of avant-garde technologies like automated liquid handling platforms, to solidify their market standing. These automated platforms are fundamental to contemporary laboratories as they augment efficiency, precision, and consistency in liquid handling tasks, while offering researchers the luxury of time for intricate analyses and experiments. For example, in February 2022, SPT Labtech, a United Kingdom-based producer of lab automation solutions, introduced Apricot DC1, a versatile automated platform for managing liquids. This advanced liquid handling platform comes with user-friendly software interfaces that simplify protocol designing and optimization. It features a compact, adaptable design that can accommodate various laboratory sizes and applications, ensuring maximum precision and accuracy for trustworthy results in liquid handling tasks. This solution empowers labs to streamline operations, decrease errors, and accelerate research and development efforts.
How Is the Segmentation of the Liquid Handling Systems Market Defined?
The liquid handling systems market covered in this report is segmented -
1) By Type: Manual Liquid Handling, Automated Liquid Handling, Semi-Automated Liquid Handling
2) By Product: Automated Workstations, Pipettes, Dispensers, Burettes, Other Products
3) By Application: Drug Discovery, Cancer And Genomics Research, Clinical Diagnostics, Other Applications
4) By End-User: Pharmaceutical And Biotechnology Industry, Contract Research Organization, Academic Institutes, Other End-Users
Subsegments:
1) By Manual Liquid Handling: Pipettes, Burettes, Syringes, Dispensers
2) By Automated Liquid Handling: Multi-Channel Liquid Handlers, Single-Channel Liquid Handlers, Continuous Liquid Handlers, Robotic Liquid Handling Systems
3) By Semi-Automated Liquid Handling: Manual Pipettin*g With Automated Features, Semi-Automated Dispensers, Semi-Automated Plate Handlers
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What Is the Leading Region in the Liquid Handling Systems Market?
North America was the largest region in the liquid handling systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid handling systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Liquid Handling Systems Global Market Report?
- Market Size Analysis: Analyze the Liquid Handling Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Liquid Handling Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Liquid Handling Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Liquid Handling Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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