USD 1718.19 million
Report ID:
SQMIG30L2217 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
Automated Liquid Handling Market size was valued at USD 1718.19 million in 2021 and is poised to grow from USD 1,898.6 million in 2022 to USD 4220.19 million by 2030, at a CAGR of 10.5 % during the forecast period (2023-2030).
The global automated liquid handling market is a landscape of precision and innovation, where scientific advancements and laboratory efficiency converge to reshape the realm of life sciences and research. This market is driven by the imperatives of accuracy, reproducibility, and time-saving, as automated liquid handling systems offer a streamlined solution to complex laboratory processes.
With applications spanning genomics, drug discovery, diagnostics, and more, these systems address the escalating demand for high-throughput experimentation while reducing human error. The market's growth is propelled by the ongoing surge in research activities, pharmaceutical development, and the pursuit of personalized medicine.
Additionally, the integration of robotics and advanced software solutions into automated liquid handling platforms enhances their versatility and adaptability to various laboratory settings. However, challenges such as the high initial costs, maintenance requirements, and the need for proper training to operate these systems might temper market expansion.
As scientific exploration propels the frontiers of knowledge, the global automated liquid handling market continues to elevate laboratory practices, revolutionizing research methodologies and contributing to breakthrough discoveries across diverse scientific disciplines.
US Automated Liquid Handling Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1718.19 million
Largest Segment
individual benchtop workstation
Fastest Growth
individual benchtop workstation
Growth Rate
10.5% CAGR
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The automated liquid handling market is segmented on the basis of type, modality, procedure, end user, and region. On the basis of type, the market is divided into standalone, individual benchtop workstations, multi-instrument systems, and others. By modality, it is bifurcated into fixed tips and disposable tips. By procedure, it is segmented into PCR-set-up, serial dilution, high-throughput screening, cell culture, whole genome amplification, plate reformatting, array printing, and others. On the basis of end user, it is classified into biotechnology & pharmaceutical companies, contract research organizations, and academic & government research institutes. Region wise, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Automated Liquid Handling Market Analysis By Type
Within the dynamic domain of the automated liquid handling market, the segmentation by type illuminates a captivating narrative of laboratory evolution and precision-driven innovation. Amidst the varied classifications, the largest segment proudly takes the form of the Individual Benchtop Workstation. Commanding a substantial share, this segment thrives on its versatility and adaptability, offering laboratories a dedicated and efficient space for liquid handling tasks. These workstations cater to the need for precision and reliability in smaller-scale experiments, thus establishing their preeminence within the market.
In parallel, the fastest-growing star emerges as the Multi-Instrument System, achieving a striking compound annual growth rate exceeding 8%. This ascendancy is grounded in the increasing demand for streamlined workflows and high-throughput capabilities. Laboratories seeking enhanced efficiency and seamless coordination across various liquid handling tasks are drawn to these systems, as they enable multiple instruments to operate in tandem, optimizing resources and minimizing time wastage. The logic of scalability and efficient resource utilization drives the proliferation of Multi-Instrument Systems, carving a pathway into the future of laboratory automation within the automated liquid handling market.
Automated Liquid Handling Market Analysis By Modality
In the enchanting realm of the automated liquid handling market, the segmentation by modality unfurls a tale of precision and convenience. Among these distinct categories, the largest segment shines bright as the Disposable Tips. With a significant share, these tips epitomize practicality and hygiene, catering to laboratories' demand for a seamless, contamination-free liquid handling experience. The ease of use, elimination of cross-contamination risks, and the need for less maintenance solidify their dominant position within the market.
Concurrently, the fastest-growing segment emerges as the Fixed Tips, boasting a remarkable compound annual growth rate exceeding 7%. This rise is propelled by the logic of durability and sustainability. Fixed tips, with their robust construction and reusability, are capturing the attention of laboratories aiming to optimize costs and reduce waste in the long term. As the market places increasing emphasis on eco-friendly and cost-effective solutions, the Fixed Tips segment resonates as a beacon of innovation, aligning with both laboratory needs and environmental consciousness within the automated liquid handling market.
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Within the captivating landscape of the automated liquid handling market, two distinct regional narratives come to life, each painting a unique canvas of innovation and growth. The reigning force emerges from North America, where the market's heartbeat resonates with fervor. Commanding a dominant presence, North America's influence is underpinned by a robust scientific ecosystem, cutting-edge research, and significant investments in life sciences. This region's thirst for innovation and precision propels the market forward, establishing it as a global frontrunner in automated liquid handling technology.
Simultaneously, the fastest-growing tale unfolds in the Asia-Pacific, a realm of boundless potential and rapid advancement. With a compound annual growth rate surpassing 9%, this region's ascendancy is akin to a vibrant sunrise. A surge in laboratory modernization, rising healthcare investments, and a burgeoning biotechnology sector intertwine to drive the market's rapid expansion. As nations within Asia-Pacific embrace the power of automation to fuel breakthrough discoveries, the region transforms into an incubator of possibilities, carving a trajectory that ignites curiosity, innovation, and progress within the automated liquid handling market.
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Automated Liquid Handling Market Drivers
Increasing Demand for High-Throughput Screening
Rising Focus on Data Accuracy and Reproducibility
Automated Liquid Handling Market Restraints
Initial Capital Investment and Operating Costs
Integration and Training Challenges
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The competitive landscape of the automated liquid handling market is a vibrant tapestry woven with innovation, precision, and a relentless pursuit of scientific excellence. Industry leaders and emerging players engage in a dynamic dance to capture market share and redefine laboratory automation. Established giants, fueled by their extensive research capabilities and technological expertise, set the benchmark for cutting-edge solutions that enhance efficiency and accuracy in liquid handling. Simultaneously, nimble newcomers disrupt the status quo with fresh ideas, streamlined designs, and agile approaches that cater to the evolving needs of researchers and scientists. Collaborations and partnerships are rife as companies pool resources, integrate complementary technologies, and craft comprehensive solutions that address intricate laboratory challenges. In this dynamic landscape, the quest for advancing research, expediting drug discovery, and promoting precision diagnostics drives a perpetual cycle of innovation, forging a future where automated liquid handling reshapes the trajectory of scientific progress.
Automated Liquid Handling Market Top Player’s Company Profiles
Automated Liquid Handling Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the automated liquid handling market is characterized by a relentless pursuit of precision and efficiency in laboratory processes. Driven by the need for accurate and reproducible results, automated liquid handling systems have become essential tools in various scientific disciplines, including genomics, drug discovery, and diagnostics. The market's growth is propelled by the rising demand for high-throughput experimentation, the integration of advanced robotics and software solutions, and the emphasis on data accuracy. While initial capital investments and integration challenges pose restraints, the market continues to evolve with innovative solutions catering to laboratories' evolving needs. As research and scientific exploration flourish, the automated liquid handling market plays a pivotal role in reshaping laboratory workflows and accelerating discoveries.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1718.19 million |
Market size value in 2031 | USD 4220.19 million |
Growth Rate | 10.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automated Liquid Handling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automated Liquid Handling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automated Liquid Handling Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automated Liquid Handling Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2217
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