Automated Liquid Handling Technologies Market Size to Expand Lucratively and Reach $4.31 Bn to 2031 - Explained Details | Updated InsightAce Study
JERSEY CITY, N.J., Dec. 8, 2023 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of the market assessment report on "Global Automated Liquid Handling Technologies Market Size, Share & Trends Analysis Report By Product (Automated Liquid Handling Workstations, Reagents & Consumables), By Application (Drug Discovery & ADME-Tox Research, Cancer & Genomic Research, Bioprocessing/Biotechnology, and Others), By End-users (Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, Contract Research Organizations) Market Outlook And Industry Analysis 2031."
According to the latest research by InsightAce Analytic, the Global Automated Liquid Handling Technologies Market Size is valued at US$ 1.90 Bn in 2022, and it is expected to reach US$ 4.31 Bn in 2031, recording a promising CAGR of 9.6% during the forecast period of 2023-2031.
Automated Liquid Handling Technologies Market Report Scope
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The technological advancements in the life science industry have helped drive the best results of a product in terms of throughput, efficiency, and frequency. Due to the increasing demand for biopharmaceuticals, the number of laboratories worldwide providing analytical and product development solutions has increased.
Liquid handling involves the transfer of liquid from one place to another for testing and is considered an important step in biological processes. However, traditional methods for liquid processing, including manual processing, often increase the risk of process errors. In addition, environmental and process variables can affect or impair the proper liquid handling, thereby affecting the integrity of the product in the process. Therefore, it is essential to maintain sterility throughout the liquid handling process to ensure the solutions/products are not compromised.
Therefore, automatic liquid handling machines have emerged as the most suitable alternative as they can overcome manual liquid handling-related problems. Automated liquid handling instruments have many uses in research universities and clinical laboratories, as these systems can precisely and accurately dispense liquid volumes (in nanoliters). The global automated liquid handling market is estimated to boost significantly during the forecast period due to the rising stakeholders' interest in advancing and using liquid technologies.
Some of the prominent players in the Automated Liquid Handling Technologies Market are:
Key Developments In The Market:
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Technological advancements in automated liquid handling systems, increasing clinical trials, a rising number of R&D studies in the biopharmaceutical industry, raising awareness among laboratories regarding the speed-up potential of automated liquid-handling systems, and product development by major market participants are some of the elements driving this market's expansion.
Increasing Clinical Research Studies In The Biopharmaceutical Industry.
The rising clinical trial studies to innovate new & advanced treatments to fight against growing chronic diseases are expected to accelerate the automated liquid handling technologies market progression in the upcoming future.
Strategic Activities By Major Market Players
Strategic activities of several key players, such as technology integration, new product development, geographical expansion, partnerships, and research collaborations to support market expansion, are anticipated to create market growth opportunities during the forecast period. For instance, in July 2022, Analytik Jena expanded its range of interchangeable pipetting heads for the fully automated liquid handling platform CyBio FeliX.
However, slower adoption rates in small-sized industries restrain market growth. In addition, the need for more skilled workers for implementation and analysis is predicted to hinder the market expansion over the forecast period.
North America dominated the automated liquid handling technologies market in 2022, and it is expected to do the same over the projected period, owing to the increasing number of ongoing clinical R&D projects, growing demand for automated fluid handling systems, rising technological advancements, and the presence of several biopharmaceutical companies in this region. In addition, Asia Pacific is expected to capture the highest CAGR during the projection period due to the rising number of drug discovery projects and the growing pharma & biopharmaceutical companies in the region.
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on product
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Application
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on End User
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region
North America Automated Liquid Handling Technologies Market Revenue (US$ Bn) by Country, 2023 to 2031
Europe Automated Liquid Handling Technologies Market Revenue (US$ Bn) by Country, 2023 to 2031
Asia Pacific Automated Liquid Handling Technologies Market Revenue (US$ Bn) by Country, 2023 to 2031
Latin America Automated Liquid Handling Technologies Market Revenue (US$ Bn) by Country, 2023 to 2031
Middle East & Africa Automated Liquid Handling Technologies Market Revenue (US$ Bn) by Country, 2023 to 2031
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