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Global Automated Liquid Handling Market to Grow at a CAGR of 8.6% During 2021-2026, Aided by the Increasing Demand for Automation in Laboratories

According to a new report by EMR titled, ‘Global Automated Liquid Handling Market Report and Forecast 2021-2026’, the global market for automated liquid handling attained a value of about USD 828.6 million in 2020. The industry is further expected to grow at a CAGR of 8.6% in the forecast period of 2021-2026 to reach a value of approximately USD 1,359.4 million by 2026.

The market for automated liquid handling is being aided by the growing demand for automation in various manual processes, such as sample preparation, sequencing, bioassays, and screening to boost the operational efficiency of research activities in laboratories. The integration of automated liquid handling systems with various built-in other systems to automate equipment is augmenting the market growth. Moreover, researchers are preferring automated liquid handling systems to enhance the precision of research activities while reducing contamination in laboratories is significantly contributing to the industry growth. The rising deployment of automated liquid handling systems in the pharmaceutical industry for drug discovery and development to boost cost-effectiveness and precision is expected to provide impetus to the market growth.

Some of the leading companies in the market are Agilent Technologies (NYSE: A) and Danaher Corporation (NYSE: DHR). In January 2019, Beckman Coulter Life Sciences, a business of the latter company, announced the acquisition of Labcyte. This would enable the company to utilise the Echo® acoustic droplet ejection technology of Labcyte to transfer a meagre amount of liquid accurately and rapidly. The acquisition was expected to enhance the cost-effectiveness of laboratory work, especially in the field of genomics and drug discovery. This would also boost research activities to enable fast delivery as well as the discovery of novel drugs by the company. Moreover, the company was projected to expand its portfolio of liquid handling business by leveraging automated workflows and high-throughput to accelerate the research and development (R&D) activities for advancements in biotechnology. Such acquisitions are increasing the research capabilities of leading companies, hence fuelling the market growth of automated liquid handling.

Market Analysis by Type, Modality, Procedure, End User, and Region:

  • The market, on the basis of type, can be divided into standalone, individual benchtop workstations, and multi-instrument, among others.
  • Based on modality, the industry can be divided into disposable tips and fixed tips.
  • The procedures of automated liquid handling include serial dilution, plate reformatting, plate replication, PCR setup, high throughput screening, cell culture, whole genome amplification, and array printing, among others.
  • On the basis of end users, the market can be categorised into biotechnology and pharmaceutical companies, contract research organisations, and academic and government research institutes.
  • The regional markets for automated liquid handling include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The expansion of laboratories in emerging economies owing to various government measures to boost scientific capabilities is increasing the demand for automated liquid handling, hence bolstering the market growth.
  • The market is being aided by the rapid technological advancements and increasing research activities in life sciences and genomics, thus surging the demand for automated liquid handling.
  • The increasing adoption of automated liquid handling systems to simplify complex multi-parameters experiments while enhancing the cost-effectiveness of research activities is fuelling the industry growth.
  • The rising demand for personalised drugs is surging the deployment of automated liquid handling systems to use high-throughput technologies, hence augmenting the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for automated liquid handling for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, modalities, procedures, end users, and major regions of automated liquid handling.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global automated liquid handling market are Agilent Technologies, Inc., Hamilton Company, Aurora Biomed Inc., Biotix, Inc., and Gilson, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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