PUBLISHER: Grand View Research | PRODUCT CODE: 1433664
PUBLISHER: Grand View Research | PRODUCT CODE: 1433664
The global liquid handling technology market size was estimated at USD 9.63 billion in 2030 and is projected to grow at a compound annual growth rate (CAGR) of 8.76% from 2024 to 2030. The market is experiencing rapid growth, primarily driven by the rise in assays being performed for various research purposes, such as target screening, which has significantly boosted the demand for liquid handling technologies. In recent years, the market has demonstrated substantial expansion potential due to the growth of the pharmaceutical and biotechnology industries, particularly in the R&D sector, and the growth of life science research. Manufacturers have developed workstations utilizing various technologies to dispense droplets from the dispensing tool, overcoming surface adhesion. These technologies encompass ultrasound, piezoelectric, and solenoid mechanisms. For instance, LABCYTE Inc. employs Echo acoustic liquid handling technology in its products, offering non-contact dispensing capabilities.
In addition, effective miniaturization of assay platforms reduces workflow expenses, leading to reduced usage of costly reagents. These miniaturized platforms are designed for highly precise liquid handling in processes, such as plate washing, bulk dispensing, and liquid transfer. The outbreak of COVID-19 resulted in a significant increase in the demand for diagnostic testing, vaccine development, and virus-related research. As a result, the need for liquid handling solutions, such as automated liquid handlers, pipettes, and dispensers,increased. These technologies proved to be essential for efficient and precise sample processing, particularly during the pandemic. The urgent requirement for COVID-19 diagnostics, treatments, and vaccines accelerated research and development efforts. Liquid handling technologies played a crucial role in automating and streamlining laboratory workflows, empowering scientists to efficiently process a large volume of samples and conduct experiments with enhanced efficiency.