PUBLISHER: The Business Research Company | PRODUCT CODE: 1518237
PUBLISHER: The Business Research Company | PRODUCT CODE: 1518237
Automated liquid handling technologies encompass various equipment and systems designed to perform liquid transfer tasks in a laboratory setting with minimal human intervention. Utilizing robotics and software, these technologies accurately and efficiently manage the dispensing, mixing, and transferring of liquids. They are widely used in fields such as genomics, proteomics, drug discovery, clinical diagnostics, and other areas that require precise and repeatable liquid handling.
The primary products in the automated liquid handling technologies market are automated liquid handling workstations and reagents and consumables. Automated liquid handling workstations are advanced instruments designed to precisely and efficiently dispense, mix, and transfer liquids in a laboratory setting. These technologies are applied in drug discovery and ADME-tox research, cancer and genomic research, bioprocessing or biotechnology, and other fields. They are utilized by various end-users, including academic and research institutes, pharmaceutical and biotechnology companies, and contract research organizations.
The automated liquid handling technologies market research report is one of a series of new reports from The Business Research Company that provides automated liquid handling technologies market statistics, including automated liquid handling technologies industry global market size, regional shares, competitors with an automated liquid handling technologies market share, detailed automated liquid handling technologies market segments, market trends, and opportunities, and any further data you may need to thrive in the automated liquid handling technologies industry. This automated liquid handling technologies research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 increased investment in drug development, increasing demand for high-throughput screening, increasing spending in diagnostic centers, increased clinical trials, and growth 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 during the forecast period can be attributed to the increasing adoption of personalized medicine, rising investments in research and development, the expansion of the biotechnology and pharmaceutical industries, higher demand for genomic analysis, and the growing use of innovative automated liquid-handling workstations. Key trends include the integration of artificial intelligence and machine learning, greater automation in laboratory workflows, technological advancements, increasing partnerships, and the development of more user-friendly and versatile liquid handling systems.
The increasing prevalence of chronic diseases is expected to drive the growth of the automated liquid handling technologies market. Chronic diseases are health conditions or illnesses that persist or have long-lasting effects, typically lasting three months or more and often worsening over time. Various factors contribute to the prevalence of chronic diseases, including an aging population, unhealthy lifestyle choices, lack of preventive measures, and genetic predispositions. Automated liquid handling technologies improve the efficiency, accuracy, and reproducibility of laboratory processes, significantly advancing research, diagnostics, and treatments for chronic diseases. For example, in January 2023, the National Center for Biotechnology Information, a US-based organization managing bibliographic and molecular databases, reported that the number of people aged 50 and older with at least one chronic illness is projected to increase from approximately 71.52 million in 2020 to 142.66 million by 2050, representing a 99.5% rise. Thus, the rising prevalence of chronic diseases is expected to boost the growth of the automated liquid handling technologies market.
Leading companies in the automated liquid handling technologies market are pioneering innovative solutions, such as the genomics liquid handling platform, to better serve their customers with enhanced capabilities. A genomics liquid handling platform is a specialized automated system designed specifically for managing liquids in genomic applications. For example, in November 2023, SPT Labtech, a UK-based biotechnology company, introduced the Firefly all-in-one genomics liquid handling platform, a groundbreaking tool for optimizing genomic liquid handling workflows. The Firefly platform automates repetitive liquid handling tasks, significantly enhancing the quality and quantity of output data for NGS library preparation. These advancements address the unique requirements of clinical laboratories by offering swift setup, reduced downtime, versatility, and intuitive operation to meet the stringent demands of regulated environments and the increasing complexity of LDTs.
In February 2021, SPT Labtech, a UK-based provider of durable automated solutions, purchased Apricot Designs for an undisclosed sum. Through this acquisition, SPT intends to broaden its extensive array of automation solutions for drug discovery, genomics, structural biology, cryo-EM, sample management, and biobanking by integrating additional liquid handling technology. Apricot Designs, based in the US, specializes in the design and manufacture of automated liquid handling technologies.
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
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.
The countries covered in the automated liquid handling technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automated liquid handling technologies market consists of revenues earned by entities by providing services such as high-throughput screening, genomic sample preparation, immunoassays, and PCR amplification. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated liquid handling technologies market also includes sales of integrated workstations, standalone workstations, and pipetting workstations. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automated Liquid Handling Technologies Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automated liquid handling technologies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automated liquid handling technologies ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automated liquid handling technologies market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.