Automated Liquid Handling Technology Market Size 2020: An Introduction, Market Status, Future Forecast Indicates Impressive Growth Rate up to 2026
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Jun 28, 2020 (Global QYResearch via COMTEX) --
The global Automated Liquid Handling Technology Market size is expected to reach USD 3.2 billion by 2026, at a significant growth rate of 10.1 % during the forecasted period from 2020 to 2026. The market report provides an analysis of the global Automated Liquid Handling Technology Market for the period 2015-2026, wherein 2020 to 2026 is the forecast period and 2019 is considered as the base year.
Automated liquid handling technology has transformed wet lab research processing by enabling important rearrangement of research and development facilities of pharma & biotech businesses. Speedy acceptance of liquid handling robots to substitute usually reserved 'wet lab' bench work areas is projected to drive automated liquid handling technology market growth.
Effective precise handling of liquid samples aids pharmaceutical and biotechnology businesses in maintaining overall efficiency. These businesses & research laboratories rely heavily on automated platforms. Use of customizable and pre-programmed processes decreases demand for administration as it allows researchers to finance more time on data analysis.
Purchasers have an option to select from different liquid handling technologies, for instance, air positive displacement, piezoelectric, displacement dispensing, and acoustic. This ability to pick from a variety of automated liquid handlers effects purchaser power. Important market companies are involved in emerging low volume liquid handling systems as a result of increasing acceptance of micro fluidics and micro plates in lab processing.
The global automated liquid handling technology market is segmented into product, application, end-user and region. On the basis of product, the global automated liquid handling technology market is segmented into automated liquid handling workstations and reagents & consumables. Automated liquid handling workstations is further bifurcated into by assembly, and by type, whereby assembly is segmented into standalone workstations and integrated workstations, similarly by type segment is again segregated into multipurpose workstation, pipetting workstation, specialized liquid handler and workstation module. Also reagents & consumables segment is bifurcated into reagents and accessories.
On the basis of application, the global automated liquid handling technology market is segmented into drug discovery & ADME-Tox research, cancer & genomic research, misprocessing/biotechnology and others. On the basis of the end-user, the global automated liquid handling technology market is segmented into academic & research institutes, pharmaceutical & biotechnology companies, and contract research organizations. On the basis of region the global automated liquid handling technology market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
Multipurpose workplaces are anticipated to observe the fastest development during the forthcoming years, owing to their speedy acceptance by pharma & biopharma CROs. These workstations allow multichannel pipetting, microplate washing, and bulk reagent dispensing within a single unit.
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Cancer & genomic research is expected to observer the fastest development due to the capability of automated liquid handling systems to handle multiple samples of microliter to picoliter volume. Workflow complexity and demand for faster target screening are subsequent in surge in installation of automated workstation by the biotechnology & pharmaceutical businesses.
Asia Pacific is anticipated to record the highest CAGR during the forthcoming years due to conducive development parameters for biopharmaceutical and pharma businesses in the region. Growing funds in medicine, life science, and pharmaceutical industry are also driving to the development of the regional market.
North America captures the largest market share in 2018 due to well-established distribution network of main market participants and higher use of progressive automation solutions. Need for small volume genomic and proteomics analysis for life science research and development is additional inspiring the development of the regional automated liquid handling technology market. Participants in the region are integrating with large academic universities & research centers in Europe to surge their income.
Though, growing base of local biotech businesses, growing finance support, and CFDA reform in China and similarly price reform in Japan are expected to drive the development of the biopharmaceutical market. Speedy development of biopharma & biotechnology businesses as well as contract organizations in nations such as China and Japan is anticipated to push the automated liquid handling technology market in Asia Pacific. The region is expected to display the highest CAGR during the forthcoming years.
The key players catering to the global Automated liquid handling technology market are Tecan Trading AG, Analytik Jena AG, Beckman Coulter, Inc., Hamilton Company, Gilson, Inc., Aurora Biomed Inc., Labcyte Inc., Labnet International, Inc., Eppendorf AG, Agilent Technologies, and BioTek Instruments, Inc.
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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and usiness executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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The post Automated Liquid Handling Technology Market Size 2020: An Introduction, Market Status, Future Forecast Indicates Impressive Growth Rate up to 2026 appeared first on Pharma News Desk.
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