Liquid Handling Systems Market Trends, Size, Share, and Forecast Overview
Meticulous Research®, a renowned global leader in market research, has released a new 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.’
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According to the analysis provided by Meticulous Research®, the liquid handling systems market is forecasted to reach $6.99 billion by 2029, growing at a CAGR of 6.4% from 2022 to 2029. This market growth is driven by multiple factors such as the rapid development of the pharmaceutical and biotechnology industries, the surge in R&D investments by biopharmaceutical companies, the increasing integration of automation within laboratories, and the growing need for high-throughput screening methods.
Moreover, new growth opportunities are emerging in developing markets as well as in expanding research fields like genomics and proteomics, which will contribute significantly to market expansion.
Nonetheless, the high costs involved with automated liquid handling systems remain a key challenge hindering market growth. Additionally, the slower adoption of automation in small and medium-sized laboratories and the need for specialized training to operate robotic liquid handling systems are major obstacles.
Liquid Handling Systems Market: Future Trends
The market for liquid handling systems has been segmented based on type, product, application, end user, and geography. The report also includes competitive analysis and evaluates the market on both regional and country levels.
By type, the automated liquid handling systems segment dominated the market in 2022, holding the largest share. The wide adoption of automated systems is due to their benefits, such as improved accuracy, efficiency, cost-effectiveness, and the rising demand for high-throughput screening.
In terms of product, the pipette segment held the leading share in 2022. This is due to the widespread and repeated use of pipettes in laboratory settings, their capacity to measure small volumes of analytes, and their application across a variety of fields.
For application, the drug discovery segment led the market in 2022, driven by growing research in this area due to the increasing demand for innovative personalized drugs.
For end users, the biotechnology and pharmaceutical sectors led the market in 2022, thanks to increased R&D spending and collaborations focused on developing new therapeutics.
Regional Analysis and Forecasts
The report provides a thorough analysis of major regional markets, covering North America (including the U.S. and Canada), Europe (featuring Germany, France, U.K., Italy, Spain, and the rest of Europe), Asia-Pacific (including Japan, China, India, and other regions), along with Latin America and the Middle East & Africa.
In 2022, North America accounted for the largest share of the global liquid handling systems market, followed by Europe and Asia-Pacific. North America's dominant position is driven by the region's established biopharmaceutical industry, significant healthcare spending, increasing demand for high-throughput screening, and high R&D investments.
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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