Liquid handling equipment market Overview
The global liquid handling equipment market is predicted to have a significant growth at a healthy 8.7% CAGR over the assessment period (2018-2023). Liquid handling system simply out is an effective laboratory instrument system that comprises of equipment and tools designed for mixing, combining liquid samples and sampling. It is widely used in laboratories as it helps in reducing the time needed to perform laboratory tasks along with increasing the accuracy and work efficiency. Liquid handling systems are available in various forms ranging from liquid handling workstations that is robotic assisted and integrated with the cloud-based software to simple volumetric pipettes that are used for transferring volumes of liquids that is desired in different life science experiments. It has wide application including protein crystallization, next-generation gene sequencing, microarray spotting, genomic extraction, medicine and chemical manufacturing, cell-based assays, serial dilution, biological preparation as well as handling.
There are several factors that is driving the growth of the liquid handling equipment market. These factors according to the MRFR (Market Research Future) report include global expansion of pharmaceutical and biotechnology industries, rising focus on accuracy and data precision, increasing need for HTS (high-throughput screening), technological innovations, increasing investments in drug development, increasing need for high-output screening, increasing adoption of automation especially in clinical settings and increasing expenditure on R&D activities. On the contrary, factors such as complex operability and high cost of set-up may restrict the growth of the liquid handling equipment market.
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Liquid handling equipment market Segmentation
Market Research Future report offers an all-inclusive segmental analysis of the on liquid handling equipment market the basis of type, application, end-user and product.
Based on type, it is segmented into electronic, automated and manual liquid handling system. Of these, electronic liquid handling system will have the maximum share in the market due to reproducibility and high accuracy that it offers.
Based on application, the liquid handling equipment market is segmented into proteomics, clinical diagnostics, genomics, drug discovery and others. Drug discovery is further segmented into compound weighing & dissolution, high throughput screening (HTS), ADME screening and others. Genomics is again segmented into RNA/DNA purification, polymerase chain reaction (PCR), next-generation sequencing (NGS), genotyping and others. Clinical diagnostics is further segmented into ELISA, sample preparation and others.
Based on end-user, it is segmented into contract research organization (CRO), pharmaceutical and biotechnology companies and others.
Based on product, the liquid handling equipment market is segmented into software, burettes, liquid handling workstations, microplate reagent dispensers, consumables, pipettes and others. Pipettes are again segmented into semi-automated pipettes, electronic pipettes and manual pipettes. Consumables are also further segmented into reagent containers, tubes and plates, disposable tips and others.
Regional Analysis
Based on region, the liquid handling equipment market covers growth opportunities and latest trends across Americas, Europe, Asia Pacific and Middle East and Africa. Of these, Americas will rule the liquid handling equipment market over the assessment period due to the existence of healthcare sector that is well-established, high adoption rate of technological advancements and increasing healthcare expenditures. The liquid handling equipment market in Europe will grab the second position due to the biopharmaceutical sector that is constantly growing coupled with increasing research and development activities. In the Asia Pacific region, the liquid handling equipment market will be the fastest growing owing to the enhancing life-science research scenario, increasing investments made by the government in biotechnology & pharmaceutical sector and rising development in healthcare sector. On the other hand, the liquid handling equipment market in the Middle East and Africa will have the lowest share over the assessment period.
Competitive Analysis
The liquid handling equipment market is competitive and fragmented. For sustaining in this competitive market, the key players are adopting numerous strategies such as geographical expansion, product launch, acquisitions and mergers for having an edge over the competitive rivals.
Key Players
Leading players profiled in the liquid handling equipment market include Perkinelmer, Inc., Mettler-Toledo International Inc., Hamilton Company, Sartorius AG, Corning Incorporated, Bio-Rad Laboratories, Tecan Group Ltd., Eppendorf AG, Thermo Fisher Scientific, Inc., Danaher Corporation, and Agilent Technologies.
Feb 2019- Sartorius and Andrew Alliance S.A. has launched the Andrew Alliance Pipette+ system that will uniquely offer improved repeatability and full traceability in manual pipetting especially for the life science laboratory.
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