San Francisco, 23
November 2018: 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.
Access Research Report
of 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 at: 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
·
Small Devices
·
Consumables
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
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa (MEA)
Access Press Release of
Liquid Handling Technology Market@ 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.
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