Liquid Handling System Market Growth and Rising Demand Crosses USD 2.95 Billion in Terms of Revenue till 2023

The report presents a detailed analysis of the Global Liquid Handling System Market by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global liquid handling system market are assessed in detail in the report. The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period. Various components of the global liquid handling system market are also studied in the report and projections are made for the growth trajectory of each distinct component from 2018 to 2023. The various segments and sub-segments within the global liquid handling system market are studied in detail in the report. The study also makes a detailed analysis of the major players operating in the global liquid handling system market.

The Global Liquid Handling Equipment Market is expected to exhibit a strong 8.7% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR).

Liquid handling systems are a component of laboratory automation and are being widely used in research laboratories across the world. Liquid handling systems allow laboratories to accurately measure their fluids and transfer them with precision and no risk of spillage. The human element is eliminated in using liquid handling systems, which makes the system more reliable and safer. The growing demand for laboratory automation from researchers and research institutes is thus likely to be a major driver for the global liquid handling system market over the forecast period. Increasing investment in drug development is also likely to be a major driver for the global liquid handling system market over the forecast period. R&D has become a major investment vehicle for leading players in the biotech and life sciences industry. This is likely to remain a major driver for the global liquid handling system market.

On the other hand, the high costs of liquid handling systems are likely to restrain the market in the coming years.

Liquid Handling System Market Competitive Analysis:

Leading players in the global liquid handling system market include Agilent Technologies, Thermo Fisher Scientific Inc., Danaher Corporation, Eppendorf AG, Bio-Rad Laboratories, Tecan Group Ltd., Corning Inc., Hamilton Company, Sartorius AG, Mettler-Toledo International Inc., and PerkinElmer Inc.

Liquid Handling System Market Segmentation:

The global liquid handling system market is segmented on the basis of type, product, application, end user, and region.

By type, the global liquid handling system market is segmented into manual, automated, and electronic. The high accuracy and reproducibility of electronic liquid handling systems is likely to result in a strong market share for the segment over the forecast period.

By product, the global liquid handling system market is segmented into pipettes, consumables, microplate reagent dispensers, liquid handling workstations, burettes, software, and others. The pipette segment is further sub-segmented into manual, electronic, and semi-automated, whereas the consumables segment is further sub-segmented into disposable tips, tubes and plates, reagent containers, and others.

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By application, the global liquid handling system market is segmented into drug discovery, genomics, clinical diagnostics, proteomics, and others.

By end use, the global liquid handling system market is segmented into pharma and biotech companies, contract research organizations, and others.

Liquid Handling System Market Regional Analysis:

The Americas segment is expected to dominate the global liquid handling system market over the forecast period, followed by Europe and Asia Pacific. Widespread automation of clinical laboratories in North America is the major driver for the liquid handling system market in the Americas. Strong government assistance to clinical research and drug development has also resulted in strong prospects for the global liquid handling system market. The Europe market for liquid handling systems is also driven by the widespread adoption of automation procedures in the clinical research sector. The Asia Pacific market is mainly driven by countries such as China, India, and Japan, where the healthcare sector is growing rapidly and the life sciences sector has emerged as a key job provider.