The liquid handling technology market was valued at US$ 3,201.36 million in 2018 and it is projected to reach US$ 5,705.63 million in 2027; it is expected to grow at a CAGR of 6.7% from 2019 to 2027.
Liquid handling technologies are used in the automation of chemical or biochemical laboratories. For these technologies, various systems are used that dispense a selected quantity of reagent, samples, or other liquid to a designated container. These systems are software integrated that allows the user to customize the liquid handling procedures and transfer volumes. The growth of the global liquid handling technology market is attributed to the increasing drug discovery activities, growing biopharmaceutical industry and rising research and development expenses. However, scarcity of skilled professionals is the major factor hindering the market growth.
The global liquid handling technology market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Lucrative Regions for Global Liquid Handling Technology Market
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Market Insights
Increasinsg Drug Discovery Activities to Drive Global Liquid Handling Technology Market Growth
The increase in the incidences of infectious diseases and chronic diseases such as cancer is raising demand for efficient drugs. The demand is driving for an efficient drug that can treat diseases at a faster pace. Also, demand is created for precision medicine. The rising incidences of cancers and research activities are expected to increase drug development activities across the world.
Drug development is a complicated procedure that requires a long duration and is an expensive procedure integrated with a high degree of improbability that a drug will succeed. Therefore, the development and integration of medical devices and information technologies have enabled innovation of automated equipment. The developments have allowed to speed up the drug discovery processes. For instance, High Throughput Screening (HTS) is a technology used in drug discovery for the screening of a large number of compounds with a biological target. The techniques allow to screen and analyze a large volume of samples efficiently in less time. The HTS allows precise dispensing of the large and micro volumes of reagents in liquids.
Drug discovery aims to relate the operation of a liquid to its chemical structure and therefore is used to identify more active compounds. At present, research application in the field of healthcare requires more of the pharmaceutical and biological components to developing a drug. Therefore, in the developmental process, approximately 5,000–10,000 liquid chemicals and biological samples are required to undergo laboratory screening for each new drug approved. Among the screened compounds that are screened, nearly 250 enters preclinical testing, and 5 begins a clinical trial. The overall process from discovery to the marketing of a drug takes around 10 to 15 years.
Also, across the world, pharmaceutical, biopharmaceutical, biotechnology, and life science research industries are growing exponentially. For instance, North America has the largest pharmaceutical and biopharmaceutical industry, whereas the Asia Pacific is the fastest-growing region for the pharmaceutical and biopharmaceutical industry. Furthermore, research and development activities are rising across the world for the healthcare industry. Thus, such rising drug discovery activity is expected to create a demand for liquid handling technology across the world. Hence, the market is expected to grow significantly during the forecast period.
Product -Based Insights
In terms of product, the global liquid handling technology market is segmented into automated workstation, small devices and consumables. In 2018, the consumables segment held largest share of the market. Also, the same segment is estimated to register the highest CAGR during the forecast period.
Global Liquid Handling Technology Market, by Product – 2018 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Type-Based Insights
Based on type, the global liquid handling technology market is segmented into automated liquid handling, manual liquid handling and semi-automated liquid handling. The semi-automated liquid handling segment held the largest market share in 2018. However, the automated liquid handling segment is estimated to grow at the highest CAGR during the forecast period.
Application-Based Insights
In terms of application, the global liquid handling technology market is segmented into drug discovery and ADME- Tox research, cancer and genomic research, bioprocessing/biotechnology. In 2018, the drug discovery and ADME-Tox research segment held largest share of the market. However, the cancer and genomic research segment is expected to register the highest CAGR during the forecast period.
End User-Based Insights
In terms of end user, the global liquid handling technology market is segmented into pharmaceutical and biotechnology companies, contract research organization (CRO) and academic and research institutes. The pharmaceutical and biotechnology companies segment held the largest share of the market in 2018. In contrast, the contract research organization (CRO) segment is estimated to grow at the fastest rate during the forecast period.
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Liquid Handling Technology Market: Strategic Insights
Market Size Value in US$ 3,201.36 Million in 2018 Market Size Value by US$ 5,705.63 Million by 2027 Growth rate CAGR of 6.7% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Liquid Handling Technology Market: Strategic Insights
| Market Size Value in | US$ 3,201.36 Million in 2018 |
| Market Size Value by | US$ 5,705.63 Million by 2027 |
| Growth rate | CAGR of 6.7% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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The global liquid handling technology market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Global Liquid Handling Technology Market – by Product
- Automated Workstations
- Small Devices
- Pipettes
- Dispensers
- Burettes
- Others
- Consumables
- Reagents
- Disposable Tips
- Tubes and Plates
- Others
Global Liquid Handling Technology Market – by Type
- Automated Liquid Handling
- Manual Liquid Handling
- Semi-Automated Liquid Handling
Global Liquid Handling Technology Market – by Application
- Drug Discovery and ADME-Tox Research
- Cancer and Genomic Research
- Bioprocessing/Biotechnology
Global Liquid Handling Technology Market – by End- User
- Pharmaceutical and Biotechnology Companies
- Contract Research Organization (CRO)
- Academic and Research Institutes
Global Liquid Handling Technology Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Agilent Technologies, Inc.
- Aurora Biomed Inc.
- Autogen Inc.
- Danaher (Beckman Coulter, Inc.)
- Bio-Rad Laboratories, Inc.
- Analytik Jena AG
- Corning Incorporated
- Eppendorf
- Formulatrix, Inc
- Gilson Incorporated
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Type ; Application ; End User ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Agilent Technologies, Inc.
- Aurora Biomed Inc.
- AutoGen, Inc.
- Danaher Corporation
- Bio-Rad Laboratories, Inc.
- Analytik Jena AG (Endress+Hauser Management AG)
- Corning Incorporated
- Eppendorf
- Formulatrix, Inc.
- Gilson Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
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Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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