Global liquid handling system market is expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 2.95 billion in 2017 and is projected to grow at a CAGR of 8.7% over the forecast period. The liquid handling system is a laboratory instrument system consisting of tools and equipment designed to execute mixing, sampling, and combining of liquid samples. The factors such as an increase in investments in drug development, growing demand for high-output screening, growing expenditure on research & development (R&D), and rising adoption of automation in clinical settings are expected to drive the market growth over the forecast period. According to the World Bank, in the US, the research and development expenditure (as % of Gross Domestic Product) was 2.79% in 2015.
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Despite the drivers, the high cost associated with the liquid handling systems and complex operability of the latest liquid handling systems is anticipated to restrain the growth of the market over the assessment period.
The global liquid handling system market has been segmented into type, product, application, and end-user.
The market, on the basis of type, has been segmented into manual, automated, and electronic liquid handling system. The electronic liquid handling system segment is expected to hold major market share in 2017 owing to the high accuracy and reproducibility offered by the electronic liquid handling system.
The market on the basis of product has been segmented into pipettes, consumables, microplate reagent dispensers, liquid handling workstations, burettes, software, and others. The pipette segment has been segmented into manual pipettes, electronic pipettes, and semi-automated pipettes. The consumables segment has been segmented into disposable tips, tubes and plates, reagent containers, and others.
The global market, by application, has been segmented into drug discovery, genomics, clinical diagnostics, proteomics, and others. The drug discovery segment has been segmented into ADME screening, high-throughput screening (HTS), compound weighing and dissolution, and others. The genomics segment has been segmented into genotyping, next-generation sequencing (NGS), polymerase chain reaction (PCR), DNA/RNA purification, and others. The clinical diagnostics segment has been segmented into sample preparation, ELISA, and others.
The market, by end-user, has been segmented into pharmaceutical & biotechnology companies, contract research organizations (CRO), and others.
The global liquid handling system market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The liquid handling system market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European liquid handling system market has been segmented into Western Europe and Eastern Europe. Western Europe has further been segmented as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The liquid handling system market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The liquid handling system market in the Middle East & Africa has been segmented into the Middle East and Africa.
Agilent Technologies, Danaher Corporation, Thermo Fisher Scientific, Inc., Eppendorf AG, Tecan Group Ltd., Bio-Rad Laboratories, Corning Incorporated, Sartorius AG, Hamilton Company, Mettler-Toledo International Inc., and Perkinelmer, Inc. are some of the key players in the global liquid handling system market.