Meticulous Research® has recently published an in-depth report titled "Liquid Handling Systems Market By Type (Automated, Electronic, Manual), Product (Pipette, Consumables, Burette, Software, Microplate), Application (Drug Discovery, Cancer Genomics, Clinical), End User (Hospital, Diagnostic Lab) - Global Forecast to 2029." According to the findings, the global liquid handling systems market is expected to grow at a CAGR of 6.4% and reach a valuation of $6.99 billion by 2029.
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Several key factors are fueling this growth, including the rapid advancement of the pharmaceutical and biotechnology industries, increased RD investment in biopharmaceuticals, and the fast adoption of automation in laboratory workflows. Additionally, growing demand for high-throughput screening solutions and expanding research in genomics and proteomics are opening up new avenues for market growth.
Nevertheless, certain challenges persist. The high costs associated with automated liquid handling systems are a significant hurdle for widespread adoption. Other factors, such as the slow integration of automation technology in smaller labs and the need for specialized training for personnel operating these systems, are also hampering market growth.
Liquid Handling Systems Market Outlook:
The market is segmented based on type, product, application, end user, and geography. The report offers insights into the competitive landscape and evaluates market dynamics at both country and regional levels.
By type, the automated liquid handling systems segment is expected to dominate the market in 2022 due to its cost-efficiency, high precision, and growing demand for automated solutions in high-throughput screening.
The pipette segment is anticipated to hold the largest market share in 2022 in the product category. Pipettes are a critical component of liquid handling systems because of their widespread use, precision in handling small liquid quantities, and versatility in various laboratory processes.
In terms of application, the drug discovery segment is projected to lead the market in 2022, driven by increased demand for innovative drug development and research, especially in the field of personalized medicine.
Among end users, the biotechnology and pharmaceutical industries are expected to hold the largest share, owing to significant investments in RD activities and collaborations to accelerate drug development processes.
Geographically, the report examines major regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. North America is forecasted to be the largest market in 2022, supported by the region's strong biopharmaceutical industry, substantial healthcare expenditures, and robust RD infrastructure.
Key Playres
The key players operating in the liquid handling systems market are Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Eppendorf AG (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), Tecan Group Ltd. (Switzerland), PRIMADAG SAS (France), BRAND GMBH + CO KG (Germany), Hudson Robotics (U.S.), SPT Labtech (U.K.), F. Hoffmann-La Roche Ltd. (Switzerland), QIAGEN N.V. (Netherlands), and Mettler-Toledo International, Inc (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/liquid-handling-systems-market-5397
Key questions answered in the report-
- Which are the high-growth market segments in terms of type, product, application, end user, and region/country?
- What was the historical market size for liquid handling systems across the globe?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges in the global liquid handling systems market?
- Who are the major players in the liquid handling systems market?
- How is the competitive landscape, and who are the market leaders in the global liquid handling systems market?
- What are the recent developments in the global liquid handling systems market?
- What are the different strategies adopted by the major players in the global liquid handling systems market?
- What are the geographical trends and high-growth regions/countries?
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