The global automated liquid handling technology market size is anticipated to around USD 3.2 billion by 2026, this market is anticipated to grow with 10.1% CAGR during the forecast time period.
Introduction of new automated liquid handling workstations for non-contact dispensing is anticipated to boost the automated liquid handling technology market. In coming years, contact dispensing has gained extensive acceptance owing to its simplicity, reliability, and low cost. Though, liquid handling demands are observed to be altering with decline in sample volume. Surface adhesion is the furthermost prominent parameters, which affects liquid handling performance at micro- to nanoliter sample volume.
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Producers are emerging workstations based on different technologies for dispensing without surface adhesion. These technologies comprise piezoelectric, ultrasound, and solenoid. Such as, LABCYTE INC. usages Echo acoustic liquid handling technology in its product line to deliver non-contact dispensing.
Also, effective miniaturization of assay platforms decreases workflow spending by lessening in usage of luxurious reagents. Growing growth of acoustic liquid handling platforms that enable faster processing, is expected to strengthen the development of the automated liquid handling technology market. Increasing trend of automation and benefits of automated liquid handling over manual handling are also delivering a boost to the automated liquid handling technology market.
The global automated liquid handling technology market is segmented into product, application, end-user and region.On the basis of product, the global automated liquid handling technology market is segmented into automated liquid handling workstations and reagents & consumables. Automated liquid handling workstations is further bifurcated into by assembly and by type, where by assembly is segmented into standalone workstations and integrated workstations, similarly by type segment is again segregated into multipurpose workstation, pipetting workstation, specialized liquid handler and workstation module. Also reagents & consumables segment is bifurcated into reagents and accessories. On the basis of application, the global automated liquid handling technology market is segmented into drug discovery & adme-tox research, cancer & genomic research, bioprocessing/biotechnology and others. On the basis of the end-user, the global automated liquid handling technology market is segmented into academic & research institutes, pharmaceutical & biotechnology companies, and contract research organizations.On the basis of region the global automated liquid handling technology market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
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North America captures the largest market share in 2018 due to well-established distribution network of main market participants and higher use of progressive automation solutions. Need for small volume genomic and proteomics analysis for life science research and development is additional inspiring the development of the regional automated liquid handling technology market. Participants in the region are integrating with large academic universities & research centers in Europe to surge their income.
Though, growing base of local biotech businesses, growing finance support, and CFDA reform in China and similarly price reform in Japan are expected to drive the development of the biopharmaceutical market. Speedy development of biopharma & biotechnology businesses as well as contract organizations in nations such as China and Japan is anticipated to push the automated liquid handling technology market in Asia Pacific. The region is expected to display the highest CAGR during the forthcoming years.
Rising competition among pharmaceutical businesses and their pursuit to grow new drugs are fuelling the acceptance of automated workstations. Small footprint and capability to deliver precise as well as quicker serial dilution and plate replication are contributor to larger market penetration of standalone pipettors.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. And also, growing R&D investments paired with technical advancements to commercialize highly efficient products are expected to offer huge growth opportunities for industry participants. Some of the main businesses present in the automated liquid handling technology market are Tecan Trading AG, Analytik Jena AG,Beckman Coulter, Inc.,Hamilton Company,Gilson, Inc.,Aurora Biomed Inc.,Labcyte Inc.,Labnet International, Inc.,Eppendorf AG,Agilent Technologies, andBioTek Instruments, Inc.Significant strategic initiatives undertaken by global businesses include partnerships, new product launch, acquisitions.
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