At 10.52% CAGR, Global Automated Liquid Handling Market to Surpass US$ 4147.25 Mn By 2030, Forecast Report By Zion Market Research

According to the report published by Zion Market Research, the global Automated Liquid Handling Market size was valued at USD 1874.56 Million in 2022 and is predicted to reach USD 4147.25 Million by the end of 2030. The market is expected to grow with a CAGR of 10.52% during the forecast period. The report analyzes the global Automated Liquid Handling Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Automated Liquid Handling Market industry.

Global Automated Liquid Handling Market: Overview

Automated liquid handling has an essential role in the laboratories of life sciences. Several experiments including protein crystallization, gene sequencing, drug screening, and antibody testing require a continuous transfer of liquid biosamples between the containers or dispensing on the substrates of variable types. The volumes of the samples are generally small, at the nano or microliter level and the number of samples to be transferred may be huge. In such cases, liquid handling by hand can be time-consuming, impractical, and tedious. Under these conditions, automated liquid handling makes the task easy with accuracy and great precision.

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Global Automated Liquid Handling Market: Growth Factors

Factors such as an increase in automation of laboratories, growing demand for sensor integrated automated liquid handling, and stringent regulations in the big pharmaceuticals to retain high precision are spurring the growth of the global automated liquid handling market. In addition to this, there is a large prevalence of chronic diseases as well as rare diseases. As per the report by NIH, there are around 7000 rare diseases and it is also been estimated that approximately 25 to 30 million Americans are living with a rare disease. Thus, pharmaceuticals and biotechnology companies are focusing on and investing in new drug discovery. In the process of drug discovery, identification of the lead candidate is necessary which requires high throughput screening.

Additionally, experiments are also carried out at the molecular level which can be expensive and fragile. Automated liquid handling reduces the burden in such cases by offering high precision & accuracy, high throughput as well as by handling low volumes of samples. Also, the biotech and pharmaceutical industries to lower the cost and time in drug development are outsourcing the drug development program to clinical research organizations. Hence, there is a substantial rise in the demand for automated liquid handling by these organizations and pharmaceuticals thereby boosting the growth of the global market. Moreover, the use of robotic technologies and the growing adoption of automated liquid handling to minimize human errors are some of the major aspects that are driving the growth of the market. Furthermore, growing healthcare infrastructure as well as advancement in technologies may fuel the growth of the global automated liquid handling market during the forecast period. However, the high cost associated with the automated liquid handling systems may hinder the growth of the global automated liquid handling market.

The global automated liquid handling market is experiencing healthy growth in COVID 19 pandemic period. With the growing demand for molecular as well as immunological tests in this pandemic situation, demand for automated liquid handling devices and equipment has risen at a significant rate. However, strict lockdowns imposed by many governments around the world have disrupted the supply chain. Hence, the availability of products in the market was reduced in the first and second quarter of the year 2020.

Global Automated Liquid Handling Market: Segmentation

The global automated liquid handling market is bifurcated into type, modality, procedure, end-user, and region. Based on type, the global automated liquid handling market is divided into individual benchtop workstations, multi-instrument system, standalone, and others. By modality, the market is segmented into the fixed tip and disposable tip. Based on the procedure, the global automated liquid handling market is categorized into cell culture, high-throughput screening, plate reformatting, whole genome amplification, PCR setup, array printing, serial dilution, and other procedures. The end-user segment is split into biotechnology & pharmaceutical companies, contract research organizations, and academic & government research institutes.

Global Automated Liquid Handling Market: Regional Analysis

Asia Pacific is expected to be the most attractive market over the forecast period. Factors such as the rapidly growing healthcare and pharmaceutical sector in countries such as China and India are augmenting the demand for automated liquid handling systems. North America is anticipated to be the highest revenue contributor in global automated liquid handling over the forecast period.

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