Increasing investments in the drug development process is one of the significant factors influencing the market growth.
Market Size – USD 3,329.4 Million in 2019, Market Growth - CAGR of 8.3%, Market Trends –Growing demand for throughput screening.
The global liquid handling technology market is forecasted to reach USD 6,323.9 Million by 2027, according to a new report by Reports and Data. The liquid handling technology market is observing rapid growth attributed to its increasing application in the drug discovery process. Quality control using liquid handling technology is crucial in compound preparation & management, due to the introduction of variability by compound volume errors in assays, even if it is the most robust one. During the early phase of compound preparation, it is essential that liquid-based solution volumes must be correct for precise analysis at a later stage. Identification and correction for liquid handling error at the early stage in the drug discovery process lead to saving time, resources, and money.
Automated liquid handlers find usage in running drug compounds through ADMET assays that are beneficial in assessing absorption, distribution, metabolism, excretion, and toxicity characteristics. ADMET testing provides in-depth know-how about the drug interaction with the human body, and this data profile is vital in the decision-making process to carry out or stop any further development.
Leading companies operating in the market and profiled in the report include:
AutoGen Inc., Bio-Rad Laboratories, Analytik Jena AG, Aurora Biomed Inc., Biotek Instruments Inc., Corning Inc., Formulatrix Inc., Agilent Technologies, Danaher Corporation, and Lonza Group AG, among others.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3713
Further key findings from the report suggest
- The gradually smaller group of drug compounds moving through each drug discovery process stage causes liquid handling error very costly and, in turn, drives the demand for liquid handling technology.
- In genomics research laboratories, the preparation of the sample is the experiment’s bottleneck, predominantly when it comes to high-throughput NGS. Thus, an increasing number of genomics laboratories are adopting liquid-handling automation to achieve an efficient and economical sequencing workflow.
- Manual liquid handling technology such as hand pipetting is considered fast in small applications when carried out by a skilled professional. Although, manual liquid handling technology is easy and direct, it does present risks associated with technician-to-technician variability.
- Europe contributed to the second-largest market share in 2019, due to the increasing R&D activities in the drug discovery process and the pharmaceutical sector's growth.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3713
Competitive Landscape:
Dominant key players in the market are adopting various strategies like mergers and acquisition, partnerships, collaborations, joint ventures and product launches to gain a robust footing in the market. Growing demand for various medical products, increasing adoption of home-care settings, point-of-care diagnosis, high demand for vaccines and medication for controlling COVID-19 is expected to benefit the key companies throughout the forecast period.
To know more about the report @ https://www.reportsanddata.com/report-detail/liquid-handling-technology-market
Global Liquid Handling Technology Market Segmentation:
Type Outlook:
Component Outlook (Revenue, USD Million; 2017-2027)
- Automated Workstations
- Standalone Liquid Handlers
- Integrated Liquid Handlers
- Small Devices
- Burettes
- Pipettes
- Dispensers
- Others
- Consumables
- Reagents
- Tubes & Plates
- Others
Product Type Outlook (Revenue, USD Million; 2017-2027)
- Automated Liquid Handling
- Semi-Automated Liquid Handling
- Manual Liquid Handling
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Discovery
- ADMET Research
- Cancer & Genomic Research
- Bioprocessing
- Others
End-User Outlook (Revenue, USD Million; 2017-2027)
- Research Institutes
- Pharmaceutical Companies
- Contract Research Organizations
The global Liquid Handling Technology market is broadly divided into 5 major regions, viz. North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3713
Thank you reading our reading. Kindly note that we also offer customized report as per client’s requirement. Feel free to contact us to know more about the customization feature and get your customized report.
Browse More Reports:
Aircraft Carbon Brake Disc Market Trends
