Market Size –
The automated liquid handling technologies market size has grown rapidly in recent years. It will grow from $1.96 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to the increasing demand for high-throughput screening, increased investment in drug development, increased clinical trials, increasing spending in diagnostic centers, and a rise in the pharmaceutical industry.
The automated liquid handling technologies market size is expected to see rapid growth in the next few years. It will grow to $3.35 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to the growing adoption of personalized medicine, rising investments in research and development, the expansion of biotechnology and pharmaceutical industries, increased demand for genomic analysis, and increased use of innovative automated liquid-handling workstations. Major trends in the forecast period include the integration of artificial intelligence and machine learning, increased automation in laboratory workflows, technological advancements, increasing partnerships, and the development of more user-friendly and versatile liquid handling systems.
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Scope Of Automated Liquid Handling Technologies Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automated Liquid Handling Technologies Market Overview
Market Drivers –
The automated liquid handling technologies market size has grown rapidly in recent years. It will grow from $1.96 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to the increasing demand for high-throughput screening, increased investment in drug development, increased clinical trials, increasing spending in diagnostic centers, and a rise in the pharmaceutical industry.
The automated liquid handling technologies market size is expected to see rapid growth in the next few years. It will grow to $3.35 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to the growing adoption of personalized medicine, rising investments in research and development, the expansion of biotechnology and pharmaceutical industries, increased demand for genomic analysis, and increased use of innovative automated liquid-handling workstations. Major trends in the forecast period include the integration of artificial intelligence and machine learning, increased automation in laboratory workflows, technological advancements, increasing partnerships, and the development of more user-friendly and versatile liquid handling systems.
Market Trends –
Major companies operating in the automated liquid handling technologies market are developing innovative technologies, such as the genomics liquid handling platform, to serve customers with advanced features better. A genomics liquid handling platform is a specialized automated system explicitly designed for handling liquids in genomic applications. For instance, in November 2023, SPT Labtech, a UK-based biotechnology company, launched the Firefly all-in-one genomics liquid handling platform, a revolutionary tool to streamline genomic liquid handling workflows. The Firefly platform is designed to automate repetitive liquid handling tasks, significantly increasing the quality and quantity of output data for NGS library preparation. These enhancements cater to the specific needs of clinical laboratories, providing rapid setup, minimized downtime, versatility, and user-friendly operation to meet the rigorous demands of regulated environments and the increasing complexity of LDTs.
The automated liquid handling technologies market covered in this report is segmented –
1) By Product: Automated Liquid Handling Workstations, Reagents And Consumables
2) By Application: Drug Discovery And ADME-Tox Research, Cancer And Genomic Research, Bioprocessing Or Biotechnology, Other Applications
3) By End-User: Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Contract Research Organizations
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Regional Insights –
North America was the largest region in the automated liquid handling technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated liquid handling technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automated liquid handling technologies market are Tecan Trading AG, Thermo Fisher Scientific Inc., Danaher Corporation, Corning Incorporated, Agilent Technologies Inc., PerkinElmer Inc., Sartorius AG, Lonza Group Ltd., QIAGEN N.V., Eppendorf AG, METTLER TOLEDO, Hamilton Company, Beckman Coulter Inc., Biotix Inc., Opentrons, Formulatrix Inc., Analytik Jena AG, Gilson Inc., LABCYTE INC., BioTek Instruments Inc., Aurora Biomed Inc., Autogen Inc., Hudson Robotics, Andrew Alliance S.A., Brooks Life Sciences
Table of Contents
1. Executive Summary
2. Automated Liquid Handling Technologies Market Characteristics
3. Automated Liquid Handling Technologies Market Trends And Strategies
4. Automated Liquid Handling Technologies Market – Macro Economic Scenario
5. Global Automated Liquid Handling Technologies Market Size and Growth
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31. Automated Liquid Handling Technologies Market Other Major And Innovative Companies
32. Global Automated Liquid Handling Technologies Market Competitive Benchmarking
33. Global Automated Liquid Handling Technologies Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated Liquid Handling Technologies Market
35. Automated Liquid Handling Technologies Market Future Outlook and Potential Analysis
36.Appendix
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