The global liquid handling systems market, by Product Type (Pipettes, Reagent Dispensers, Liquid Handling Workstations, Burettes, Microplate Washers, and Consumables), by End User (Academic and Research Institutes, Biotechnology and Pharmaceutical Industries, and Hospitals and Diagnostic Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 2,302.3 million in 2017 and is projected to exhibit a CAGR of 6.6% over the forecast period (2018 – 2026).
The global liquid handling systems market is expected to gain significant traction over the forecast period, owing to rising capital investments in research and development that includes incorporation of technologically advanced systems for carrying out high-throughput techniques such as next generation sequencing, real time PCR, genome mapping, and others. According to a report published by the Information Technology and Innovation Foundation (ITIF), a U.S.-based non-profit organization, approximately US$ 6,369 million was spent by domestic life sciences companies in 2013 in New Jersey for research and development of pharmaceuticals and medical equipment.
North America and Europe is expected to dominate the global liquid handling systems market over the forecast period, owing to rising research in vaccine development and manufacturing
North America holds a dominant position in the global liquid handling systems market, owing to increasing number of research and manufacturing procedures pertaining to vaccine development. The research laboratories are upgraded with robotic assisted tools such as liquid handling workstations to streamline the workflow and manage huge transfer of liquid volumes. The rising investments in modifying these laboratories is thus expected to increase the demand for liquid handling systems, thereby driving growth of the market in this region. For instance, in August 2016, the U.S. department of Health and Human Services shifted US$ 81 million funds to continue research for development of Zika vaccine. Moreover, the launch of innovative robotic assisted liquid handling workstations in the market is expected to drive growth of the global liquid handling systems market. For instance, in October 2014, NanoScreen LLC, a global industry leader in automated liquid handling products for the life sciences, introduced ORION liquid handling workstation that is a flexible, multi-format, high precision pipetting robot designed to meet the liquid handling needs of today’s laboratories. Browse 44 Market Data Tables and 48 Figures spread through 170 Pages and in-depth TOC on ‘Liquid Handling Systems Market’ - by Product Type (Pipettes, Reagent Dispensers, Liquid Handling Workstations, Burettes, Microplate Washers, and Consumables), by End User (Academic and Research Institutes, Biotechnology and Pharmaceutical Industries, and Hospitals and Diagnostic Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026
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Liquid handling systems market is expected to exhibit significant growth, owing to increasing new product launches by key players as well as extensive ongoing research for developing technologically advanced liquid handling systems. For instance, in October 2014, Sartorius AG introduced Picus NxT electronic pipette for single-channel models that provides maximum operating convenience and is specifically designed to lessen the workload of people dealing with large volume of analytes every day. In September 2016, Thermo Fisher Scientific, Inc. introduced a new automated sample purification system at the International Life Science Exhibition, Basel, Switzerland. The liquid handler consists of a gripper or robot arm to purify samples with volumes from 50µL to 5mL Furthermore, the market players are adopting strategies such as mergers and acquisitions to sustain their position in the highly competitive global liquid handling systems market. For instance, in February 2011, Danaher Corporation acquired Beckman Coulter, Inc., which marked the entry of Danaher Corporation into the liquid handling systems market
Key Takeaways of Liquid Handling Systems Market:
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