Press release
Soaring Demand Set to Propel Automated Liquid Handling Technologies Market to $3.73 Billion by 2029
Automated Liquid Handling Technologies
What Is the Expected CAGR for the Automated Liquid Handling Technologies Market Through 2025?
With swift acceleration in recent times, the market for automated liquid handling technologies has expanded notably. The growth projects from $2.18 billion in 2024 to escalate to $2.43 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.6%. Factors contributing to this significant growth during the historical span include the heightened demand for high-throughput screening, augmented investment in drug discovery processes, enlarged clinical tests, more expenditure in diagnostic centers, and an overall boost in the pharmaceutical sector.
What's the Projected Size of the Global Automated Liquid Handling Technologies Market by 2029?
The market for automated liquid handling technologies is projected to experience an expedited expansion over the next several years, with an estimated worth of $3.73 billion by 2029, representing a compound annual growth rate (CAGR) of 11.3%. The impending growth is likely driven by several factors, including the surging interest in personalized medicine, reinforcement of investments in research and experimental development, the enlargement of the biotech and pharmaceutical sectors, soaring demand for genomic studies, and the enhanced utilization of innovative automated liquid-handling workstations. Some of the key trends expected to shape the market during the forecast period comprise of the incorporation of artificial intelligence and machine learning, enhanced automation in lab operations, technological breakthroughs, a rise in strategic alliances, and the inception of user-friendly and adaptable liquid handling systems.
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Top Growth Drivers in the Automated Liquid Handling Technologies Industry: What's Accelerating the Market?
The ongoing growth of the automated liquid handling technologies market is expected to be largely influenced by the increased occurrence of chronic diseases. Chronic diseases are health issues that are prolonged or persistent, typically lasting for more than three months and often worsening over time. The surge in chronic disease cases can be attributed to a range of factors, including the ageing population, poor lifestyle habits, a lack of preventative approaches, and genetic tendencies. Automated liquid handling technologies significantly improve the efficiency, precision, and replicability of laboratory processes, leading to landmark developments in chronic disease research, diagnosis, and treatment. For instance, the American Cancer Society, a non-profit cancer advocacy organization based in the US, reported a 2.19% increase in cancer cases to 2,001,140 in January 2024, up from 1,958,310 in 2023. Similarly, The National Health Service (NHS England), a UK-based publicly funded healthcare provider, reported in June 2024 that the number of individuals recognized as having pre-diabetes by the NHS in England rose to 3,615,330 in 2023, marking an 18% rise from 3,065,825 in 2022. There was also a shocking nearly 25% increase in cases among those under 40, with numbers rising from 173,166 in 2022 to 216,440 in 2023. As such, the increase in chronic disease rates is anticipated to fuel the growth of the automated liquid handling technologies market.
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What Trends Will Shape the Automated Liquid Handling Technologies Market Through 2029 and Beyond?
Leading corporations in the automated liquid handling technologies market are pioneering innovative technologies, such as the genomics liquid handling platform, to offer advanced features to their consumers. A genomics liquid handling platform is an exclusively tailor-made automated system for managing liquids in genomic applications. For instance, in November 2023, SPT Labtech, a biotechnological firm based in the UK, launched the Firefly all-in-one genomics liquid handling platform, a ground-breaking device to rationalize genomic liquid handling processes. The Firefly platform aims to automate monotonous liquid handling duties, considerably enhancing the quality and volume of output data for NGS library preparation. These improvements address the distinctive requirements of clinical laboratories, ensuring a quick setup, reduced downtime, versatility, and easy usage to fulfil stringent regulations and the growing complexity of LDTs.
What Are the Main Segments in the Automated Liquid Handling Technologies Market?
The automated liquid handling technologies market covered in this report is segmented -
1) By Product: Automated Liquid Handling Workstations, Reagents And Consumables
2) By Application: Drug Discovery And ADME-Tox Research, Cancer And Genomic Research, Bioprocessing Or Biotechnology, Other Applications
3) By End-User: Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Contract Research Organizations
Subsegments:
1) By Automated Liquid Handling Workstations: Multi-Channel Liquid Handlers, Single-Channel Liquid Handlers, Microplate Liquid Handlers, Robotic Liquid Handling Systems
2) By Reagents And Consumables: Pipette Tips, Reagent Reservoirs, Disposable Bottles And Tubes, Liquid Handling Plates
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Which Top Companies are Driving Growth in the Automated Liquid Handling Technologies Market?
Major companies operating in the automated liquid handling technologies market are 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
Which Regions Will Dominate the Automated Liquid Handling Technologies Market Through 2029?
North America was the largest region in the automated liquid handling technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated liquid handling technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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