SAN FRANCISCO, April 10, 2018 /PRNewswire/ --
The global liquid handling technology market size is estimated to reach USD 6.99 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.5% during the forecast period. Rising competition in the pharmaceutical sector, demand for precision and acceleration in laboratory workflow, and increased investment in drug discovery and clinical research are anticipated to boost market growth.
High wages of skilled employees have encouraged research centers and pharmaceutical players to automate their processing activities. Higher accuracy levels offered by novel liquid handling workstations eliminate human errors and provide rapid results. Reduction in cost by avoiding excess use of expensive reagents, less workforce employment, and time advantage gained have influenced adoption of high throughput fully automated liquid handlers.
Though high purchase as well as maintenance cost, along with complex operability, limits adoption on a wider scale, large biopharmaceutical players anticipate integration in the coming years. Groundbreaking innovations such as Next Generation Sequencing (NGS) have revolutionized the pace of research and drug target screening. Need for advanced liquid handling technology to support simultaneous screening of multiple assays and samples further fuels market demand.
Lucrative revenue generation in the market is attributive to swift adoption of advanced products along with high volume sales of consumables and small devices. Key players have strategic collaborations with universities and research centers to support their liquid handling needs. Acquisition of emerging players in different geographies to expand their market share is anticipated to increase competition in this market.
Browse full research report with TOC on "Liquid Handling Technology Market Analysis Report By Product (Workstations, Consumables), By Type (Automated, Manual), By Application (Drug Discovery, Cancer Research), By End User, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/liquid-handling-technology-market
Further Key Findings From the Report Suggest:
- Consumables accounted for the largest share in market revenue in 2016 owing to low cost and high penetration globally. Automated workstations, on the other hand, are poised to register the fastest growth owing to increased scale of research and higher pricing
- Semi-automated liquid handling is expected to witness lucrative growth in developing countries such as South Africa. Increasing significance of CROs in healthcare and pharmaceutical research is anticipated to drive growth
- Drug discovery and ADME-Tox research are estimated to account for the largest share in terms of revenue. This can be attributed to high competition and need to gain time advantage over competitors.
- Rapid adoption of technological advances, rising pay of highly skilled professionals, and presence of dominant players have contributed to North America's large share in 2016. However, Asia Pacific is poised to witness fastest growth over the forecast period owing to rising interest of global investors in the region
- Rapid economic developments in countries in APAC have resulted in growing investments in life science, medicine, and pharmaceutical sectors. Progress in these sectors is anticipated to propel demand for liquid handling technology at various levels, from low-to-high throughput applications
- Key players operating in this industry include Agilent Technologies; Aurora Biomed Inc.; Beckman Coulter, Inc.; Analytik Jena AG; BioTek Instruments, Inc.; Borosil Glass Works Ltd.; Labnet International, Inc.; Eppendorf AG; Gilson, Inc.; Hamilton Company; LABCYTE INC.; and Tecan Trading AG. Major players are involved in development of novel technology platforms to support changing liquid handling needs of high-end users.
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Grand View Research has segmented the global liquid handling technology market on the basis of product, type, application, end user, and region:
- Liquid Handling Technology Product Outlook (Revenue, USD Million, 2014 - 2025)
- Automated Workstations
- Small Devices
- Electronic Pipettes
- Manual Pipettes
- Pipette Controllers
- Disposable Tips
- Tubes & Plates
- Liquid Handling Technology Type Outlook (Revenue, USD Million, 2014 - 2025)
- Automated Liquid Handling
- Manual Liquid Handling
- Semi-Automated Liquid Handling
- Liquid Handling Technology Application Outlook (Revenue, USD Million, 2014 - 2025)
- Drug Discovery & ADME-Tox Research
- Cancer & Genomic Research
- Liquid Handling Technology End User Outlook (Revenue, USD Million, 2014 - 2025)
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Contract Research Organization
- Liquid Handling Technology Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- Asia Pacific
- Latin America
- South Africa
- North America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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