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...