Liquid Handling Technology Market Would Beat $6.99 Billion By 2025: Grand View Research, Inc.
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 on Liquid Handling Technology Market:
www.grandviewresearch.com/industry-analysis/liquid-handling-technology-market
Further key
findings from the study 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.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/biotechnology
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
- Pipettes
- Electronic
Pipettes
- Manual
Pipettes
- Pipette
Controllers
- Burettes
- Dispensers
- Others
- Consumables
- Regents
- Disposable
Tips
- Tubes
& Plates
- Others
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
- Bioprocessing/Biotechnology
- Others
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
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- MEA
- South
Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-liquid-handling-technology-market
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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