Market Research Future adds the “Liquid Handling Systems Market Research Report - Forecast to 2023” report to their unique collection.
Liquid Handling Systems Market Overview:
The Global Liquid Handling Systems 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 8.7% during the forecast period. Liquid Handling Systems is generally used in the pharmaceutical, life science, or biochemical laboratories. The Liquid Handling Systems can perform simple, monotonous routine tasks as well as complex pipetting task efficiently.
A large number of companies are engaged in developing Liquid Handling Systemss. For instance, Microlab VANTAGE, Microlab STAR, and Microlab NIMBUS are some Liquid Handling Systemss developed by Hamilton Company.
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 Systemss and complex operability of the latest Liquid Handling Systems may hamper the growth of the market over the forecast period.
Companies Covered
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.
Segmental Analysis
The global Liquid Handling Systems market has been segmented into type, product, application, and end user.
The global Liquid Handling Systems market, on the basis of type, has been segmented into manual, automated, and electronic Liquid Handling Systems. The electronic Liquid Handling Systems segment held the largest market share in 2017 due to the high accuracy and reproducibility offered by the electronic Liquid Handling Systems.
The global Liquid Handling Systems market, on the basis of product, has been segmented into pipettes, consumables, microplate reagent dispensers, liquid handling workstations, burettes, software, and others. The pipette segment has been segmented into manual pipettes, electronic pipettes, and semi-automated pipettes. The consumables segment has been segmented into disposable tips, tubes and plates, reagent containers, and others.
The global market, on the basis of application, has been segmented into drug discovery, genomics, clinical diagnostics, proteomics, and others. The drug discovery segment has been segmented into ADME screening, high-throughput screening (HTS), compound weighing and dissolution, and others. The genomics segment has been segmented into genotyping, next-generation sequencing (NGS), polymerase chain reaction (PCR), DNA/RNA purification, and others. The clinical diagnostics segment has been segmented into sample preparation, ELISA, and others.
The global market, by end user, has been segmented into pharmaceutical & biotechnology companies, contract research organization (CRO), and others.
Regional Analysis
Geographically, the Americas is anticipated to dominate the global Liquid Handling Systems market owing to a well-developed healthcare sector, the high adoption rate of advanced technologies, and growing expenditure for healthcare. According to the Centers for Disease Control and Prevention (CDC), the total national health expenditures were USD 3.2 trillion in 2015.
Europe is expected to hold the second largest position in the global Liquid Handling Systems market. The market growth in this region is attributed to the growing R&D activities and growing biopharmaceutical sector. According to the Office for National Statistics, gross domestic expenditure on R&D was Euro 33.1 billion (USD 35.2 billion) in the year 2016.
The Liquid Handling Systems market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be the fastest growing region owing to the improving scenario of life science related research, developing healthcare sector, and growing government investments in biotechnology and pharmaceutical sector.
The Middle East & Africa has the least share of the global Liquid Handling Systems market. Majority of the market of this region is expected to be held by the Middle East region due to the growing government initiatives for the healthcare segment which thereby provides a favorable scenario for the growth of pharmaceutical and biotechnological sector in the region.
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