The global automated liquid handling system market is anticipated to hold a market value of USD 2.95 billion in the year 2017 and is expected to grow at a CAGR of 6.37% during the forecast period. Liquid handling system is generally used in the pharmaceutical, life science, or biochemical laboratories. The liquid handling system can perform simple, monotonous routine tasks as well as complex pipetting task efficiently.
The growing investments in drug development, increasing demand for high-output screening, rising expenditure on research & development (R&D), and increasing adoption of automation in clinical settings are anticipated to propel the market growth during the assessment period. According to the data by The World Bank, the research and development expenditure (as % of Gross Domestic Product) was 1.70% in the United Kingdom in 2015. On the other hand, the high cost associated with the liquid handling systems and complex operability of the latest liquid handling systems may hamper the growth of the market over the forecast period.
Currently, a large number of companies are engaged in developing liquid handling systems. For instance, Microlab VANTAGE, Microlab STAR, and Microlab NIMBUS are some liquid handling systems developed by Hamilton Company.
Regional Analysis
Topographically, the Americas is relied upon to overwhelm the worldwide market inferable from the presence of grounded medical services area, the high reception pace of trend setting innovations, and rising medical services consumptions. Europe is expected to be the second biggest market in the worldwide automated liquid handling system market inferable from the rising R&D exercises and persistently developing biopharmaceutical area. Asia-Pacific locale is expected to be the quickest developing area because of the further developing situation of life sciences-related research, expanding advancement in the medical care area, and rising government interests in the biotechnology and drug area. Moreover, the Middle East and Africa has the least portion of the worldwide liquid handling system market.
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Segmentation
The global liquid handling system market has been segmented into type, product, application, and end user.
The worldwide liquid handling system market, based on type, has been sectioned into manual, computerized, and electronic liquid handling system. The electronic liquid handling system section held the biggest market share in 2017 because of the great exactness and reproducibility presented by the electronic liquid handling system.
The worldwide liquid handling system market, based on item, has been sectioned into pipettes, consumables, microplate reagent distributors, liquid handling workstations, burettes, programming, and others. The pipette section has been fragmented into manual pipettes, electronic pipettes, and semi-computerized pipettes. The consumables section has been fragmented into dispensable tips, cylinders and plates, reagent compartments, and others.
The worldwide market, based on application, has been sectioned into drug disclosure, genomics, clinical diagnostics, proteomics, and others. The medication revelation section has been divided into ADME screening, high-throughput screening (HTS), compound gauging and disintegration, and others. The genomics portion has been sectioned into genotyping, cutting edge sequencing (NGS), polymerase chain response (PCR), DNA/RNA refinement, and others. The clinical diagnostics portion has been sectioned into test planning, ELISA, and others.
The global market, by end user, has been segmented into pharmaceutical & biotechnology companies, contract research organization (CRO), and others.
Key Players
Some of the prominent players in the global automated liquid handling system market are Agilent Technologies, Danaher Corporation, Thermo Fisher Scientific, Inc., Eppendorf AG, Tecan Group Ltd., Bio-Rad Laboratories, Sartorius AG, Mettler-Toledo International Inc., PerkinElmer, Inc., Corning Incorporated, and Hamilton Company.
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