Global Automated Liquid Handling System Market Size To Worth USD 11.2 Billion by 2030 | CAGR of 15.5%Category: Healthcare
Global Automated Liquid Handling System Market To Worth $11.2 Billion by 2030
According to a research report published by Spherical Insights & Consulting, the Global Automated Liquid Handling Systems Market Size to grow from USD 2.6 billion in 2021 to USD 11.2 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period.
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Browse key industry insights spread across 210 pages with 123 market data tables and figures & charts from the report on "Global Automated Liquid Handling System Market Size, Share, and COVID-19 Impact Analysis, By Type (automated, manual, electronic), By Application (drug discover, high throughput screening, ADME screening, compound weighing and dissolution, and others), By End User (biotechnology & pharmaceutical companies, contract research organizations, and academic & government research institutes), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030". Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/automated-liquid-handling-system-market
Devices that are properly set up to manage liquids and deliver precise, repeatable results in clinical and research settings are known as automated liquid handling system (ALH) systems. Effective and precise liquid handling procedures are essential in clinical and research labs. A few processes that can profit from Automated Liquid Handling System include ELISA, time-resolved fluorescence, nucleic acid preparation, PCR setup, next-generation sequencing for genomic research, TLC spotting, SPE, and liquid-liquid extraction.
COVID 19 Impact
The COVID 19 pandemic, which is brought on by the human-transmitted SARS CoV-2 virus that causes severe acute respiratory syndrome, was first identified in late December 2019. Because more Automated Liquid Handling System manufacturers are customising their systems, particularly for work based on coronavirus, the COVID 19 pandemic has had a beneficial effect on the market.
The overall expansion of the market is being driven by rising investments in drug discovery, research and development activities, rising high output screening demand, and rising automation utilisation. Aside from this, the market's overall growth is being fueled by the expansion of research and development projects for both drug discovery and biotechnology. The global market for automated liquid handling systems is being driven by pharmaceutical companies' investments and the development of vaccines. The industry has grown as a result of the introduction of new medications by many major market players to combat diseases.
Electronic liquid handling systems is dominating the market with the largest market share over the forecast period
Based on type, the global Automated Liquid Handling System market is segmented into automated, manual, and electronic. Due to their outstanding precision and reproducibility, the electronic liquid handling systems category is leading the market with the biggest market share over the projection period. CROs and CMOs have been motivated to increase their productivity as a result of the increased outsourcing of biotech and pharmaceutical workflows in order to meet regulatory requirements.
Drug Discovery Segment accounted the largest market share over the forecast period
On the basis of application, the global Automated Liquid Handling System market is segmented into drug discover, high throughput screening, ADME screening, compound weighing and dissolution, and others. Among these, the drug discovery segment accounted the largest market share over the forecast period. The expansion is due to the potential for using different kinds of liquid handlers, incubators, or stackers, which would positively affect the market.
End Use Insights
Biotechnology and pharmaceutical companies segment is dominating the market over the forecast period
On the basis of end use, the global Automated Liquid Handling System market is segmented into biotechnology & pharmaceutical companies, contract research organizations, and academic & government research institutes. Among these, the biotechnology and pharmaceutical companies segment is dominating the market over the forecast period. The rise is linked to the pharmaceutical and biotechnology industries' growing usage of ALH systems for screening purposes.
North America is dominating the market with the largest market share over the forecast period
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Due to the established distribution networks of the top industry players and the rapid adoption of cutting-edge automation technologies, North America is expected to dominate the market for Automated Liquid Handling Systems during the forecast period. Demand for small volume genomic and proteomic analysis for life science research is an additional driver of growth in this industry.
Due to the expansion of the R&D sector, increased awareness of ALH systems, and the infrastructure of research and clinical settings, Asia Pacific is expected to see the fastest market growth over the projection period.
Major vendors in the Global Automated Liquid Handling System Market include Agilent Technologies, Aurora Biomed, Inc.; AUTOGEN, INC.; Danaher; BioTek Instruments, Inc.; Analytik Jena AG; Corning Incorporated; Eppendorf AG; Formulatrix, Inc.; Gilson, Inc.; Hamilton Company; Hudson Robotics; LABCYTE INC.; Lonza; PerkinElmer, Inc.; QIAGEN; Thermo Fisher Scientific, Inc.; Tecan Trading AG; METTLER TOLEDO.
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Automated Liquid Handling System Market based on the below-mentioned segments:
Automated Liquid Handling System Market, Type Analysis
Automated Liquid Handling System Market, Application Analysis
- Drug discovery
- High throughput screening
- ADME screening
- Compound weighing and dissolution
Automated Liquid Handling System Market, End User
- Biotechnology & pharmaceutical companies
- Contract research organizations
- Aacademic & government research institutes
Automated Liquid Handling System Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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