Global Liquid Handling Systems Market, By Type (Electronic Liquid Handling Systems, Automated Liquid Handling Systems, Manual Liquid Handling Systems), By Product Type (Pipettes, Reagent Dispensers, Liquid Handling Workstations, Burettes, Microplate Washers, Consumables), By Application (Drug Discovery, Genomics, Clinical Diagnostics, Proteomics and Others), By End User (Biopharmaceutical Companies, Research Institutes, Hospitals and Diagnostic Laboratories and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 3,381.5 Mn in 2023 and is expected to exhibit a CAGR of 7.2% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Increasing rearch and development investments in life sciences is expecetd to drive the global liquid handling systems market growth. For instance, in September 2023, the Indian government has approved a Rs 6,000 crore (US $812 million) investment in the pharmaceutical and medical device manufacturing sectors under the production linked incentive (PLI) scheme.
Global Liquid Handling Systems Market - Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic has had both positive and negative impacts on the healthcare sector.
Supply Chain Disruptions: The pandemic has caused disruptions in global supply chains, affecting the production and distribution of laboratory equipment, including liquid handling systems. Manufacturers faced challenges in sourcing components and raw materials.
Shift in Priorities: The focus of many laboratories shifted toward COVID-19-related research and testing during the pandemic. While this created opportunities for certain segments of the market, it also led to a temporary decline in demand for equipment used in non-COVID-19 research.
Remote Work Challenges: With many laboratories operating with reduced staff or adopting remote work models, there was an increased demand for automated and remote-controlled liquid handling systems. This shift aimed to enhance operational efficiency while adhering to social distancing measures.
Research Funding: The economic impact of the pandemic influenced research funding, potentially impacting the purchasing capabilities of academic and research institutions. Delays or reductions in funding might have affected the adoption of new laboratory equipment.
Rapid Diagnostic Testing: The need for rapid diagnostic testing during the pandemic has driven the demand for liquid handling systems in areas such as PCR testing, sample preparation, and high-throughput screening.
Global Liquid Handling Systems Market: Key Developments
In February 2022, DISPENDIX, a BICO company, introduced the I.DOT HT Non-contact Dispenser and the L.DROP Liquid Handler at SLAS (Society of Laboratory Automation and Screening) 2022. The I.DOT HT builds on the core technology of the I.DOT, expanding the source well layout to a 384 format to support the management of compound libraries at large pharmaceutical and smaller biotechnology companies.
In February 2023, Eppendorf SE, a leading life science company, announced the release of the new generation of the epMotion automated liquid handler at the SLAS conference in San Diego, CA, USA, on February 26, 2023. The new generation of epMotion boasts a range of enhancements aimed at improving the user experience without compromising its trusted performance. The device will maintain its high degree of flexibility, wide range of accessory options, and large selection of available methods.
Browse 44 Market Data Tables and 42 Figures spread through 170 Pages and in-depth TOC on “Global Liquid Handling Systems Market”- Forecast to 2030, By Type (Electronic Liquid Handling Systems, Automated Liquid Handling Systems, Manual Liquid Handling Systems), By Product Type (Pipettes, Reagent Dispensers, Liquid Handling Workstations, Burettes, Microplate Washers, Consumables), By Application (Drug Discovery, Genomics, Clinical Diagnostics, Proteomics and Others), By End User (Biopharmaceutical Companies, Research Institutes, Hospitals and Diagnostic Laboratories and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/liquid-handling-systems-market-1764
Key Takeaways of the Global Liquid Handling Systems Market:
- The global liquid handling systems market is expected to exhibit a CAGR of 7.2% during the forecast period. The growing demand from pharmaceutical and biotechnology companies is driving market growth over the forecast period.
- Among regions, North America is expected to dominate the global liquid handling systems market during the forecast period due to increasing product launches by market players. For instance, in July 2023, Revvity, which provides products, services, and solutions to the diagnostics, life sciences, and applied services markets globally, announced the launch of the Fontus Automated Liquid Handling Workstation, a next-generation liquid handler incorporating the best technologies from Revvity’s existing platforms, designed to deliver easier and faster workflows that enable better results for next-generation sequencing (NGS) and diagnostic research applications.
- The major players operating in the global liquid handling systems market are Qiagen N.V., Danaher Corporation, PerkinElmer, Inc., Thermo Fisher Scientific, Inc., Eppendorf AG, Sartorious AG, Merck KGaA, Agilent Technologies, Aurora Biomed, BioTek Instruments
