San Francisco, Oct 26 The
global liquid
handling technology market is expected to reach USD 5.54 billion
by 2025, according to a new report by Grand View Research, Inc. Major
pharmaceutical and biopharmaceutical companies are rapidly integrating robotic
solutions including automated liquid handling workstations to enhance their
workflows, which in turn, is expected to drive the market growth in the coming
years.
The
investment by pharmaceutical companies in global drug development continues to
increase. Clinical trials for the robust drug pipelines of these companies is
projected to further increase the investments in R&D. These pharma players
are competing to sustain the growing competition in the pharmaceutical
industry. As a result, companies are more focused on eliminating errors,
reducing processing steps, and fulfilling standard regulatory conditions to
accelerate their workflows. As advanced liquid handling platforms provide all
these benefits, demand for automated liquid handling workstations is expected
to increase significantly during the forecast period.
Technology
advancements in liquid handling solutions has led to the development of liquid
handling systems that perform serial dilution, plate replication, PCR set-up,
plate reformatting, and high-throughput screening more efficiently. Emerging
fields such as genetics, epigenetics, and single cell analysis are identified
with high potential applications in drug discovery, cancer research, and
molecular diagnostics. Rising research activities in aforementioned domains are
expected to foster advancements in this market.
Browse full research report on Liquid Handling Technology Market:
www.grandviewresearch.com/industry-analysis/liquid-handling-technology-market
Further key findings from the report suggest:
- Consumables
accounted for the largest revenue share in 2017 owing to the high volume
sales and higher market penetration
- However, the
entry of third-party manufacturers which provide plastic consumables such
as disposable tips, compatible with automated systems at a lower cost is
expected to hinder the growth of this segment to a certain extent in the
coming years
- Automated workstations
are expected to grow at fastest pace owing to the continuous increase in
complicated research projects that require sophisticated instruments
- Growing trend
of outsourcing pharmaceutical services to save time and resources is
expected to boost the adoption of these solution in CROs
- Rapid
adoption of advanced genetic technologies, the high cost of hiring skilled
professionals, and presence of key players are some key factors that are
attributive to the largest share of North America in 2017
- However, Asia
Pacific is expected to witness the fastest growth over the forecast period
owing to the rising interest of global companies and research communities
in emerging economies of this region
- Substantial
economic developments in these countries has resulted into rise in
investments in life science, medicine, and pharmaceutical sectors
- Progress in
these sectors is anticipated to propel the demand automated technology at
various levels from low-to-high throughput applications in the Asian
market
- Some key players
operating in this market include Beckman Coulter, Inc., Agilent
Technologies, Eppendorf AG, Hamilton Company,
- These players
are involved in the development of novel technology platforms to support
the changing liquid handling needs of various end users.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/biotechnology
Grand
View Research has segmented the global liquid handling technology market report
on the basis of product, type, application, end user, and region:
Product
Outlook (Revenue, USD Million; 2014 - 2025)
- Automated
Workstations
- Standalone
Workstations
- Integrated
Workstations
- Small Devices
- Pipettes
- Electronic
Pipettes
- Manual
Pipettes
- Pipette
Controllers
- Burettes
- Dispensers
- Others
- Consumables
- Regents
- Disposable
Tips
- Tubes &
Plates
- Others
Type
Outlook (Revenue, USD Million; 2014 - 2025)
- Automated
Liquid Handling
- Manual Liquid
Handling
- Semi-Automated
Liquid Handling
Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Drug
Discovery & ADME-Tox Research
- Cancer &
Genomic Research
- Bioprocessing/Biotechnology
- Others
End
User Outlook (Revenue, USD Million; 2014 - 2025)
- Academic
& Research Institutes
- Pharmaceutical
& Biotechnology Companies
- Contract
Research Organizations
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Middle East
and Africa (MEA)
- South Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-liquid-handling-technology-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information:
www.grandviewresearch.com
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