Automated Liquid Handling System Market, By type (Basic Type and Advanced Type), By Application (Bio/pharmaceutical Companies, Government Agencies, Medical System, and Teaching/Scientific Research Institutions), and Regional Forecast to 2032

• 

  Request a Free Sample to learn more about this report

AUTOMATED LIQUID HANDLING SYSTEM MARKET OVERVIEW

The Automated Liquid Handling System Market Size was US$ 910.09 Mn in 2023 and is projected to touch US$ 1352.65 Mn By 2032, Exhibiting a CAGR of 4.04% During the Forecast Period.

It provide the user with a lot of features that make this particular product service work efficiently and effectively. Clinical and research settings can rely on automated liquid handling (ALH) systems that are meticulously designed to manage liquids and provide exact, repeatable outcomes sans complexity. In research and clinical settings, accurate and efficient liquid handling methods are essential. In addition to speeding up processing, automated liquid handling devices can improve bioassay accuracy and minimize sample contamination. In order to free up time for more experiments, lab reports, and other lab responsibilities, these technologies relieve researchers from lengthy, tedious, repetitive chores. Workflow can be streamlined by having robotic arms replace plates or tubes and distribute precise liquid measurements to vessels like microtiter plates. This factor has augmented the Automated Liquid Handling System Market growth.

The anticipated rate of growth for this particular product service is due to quality level of assurance. Prosperity has been observed for this particular product market with amusing numbers. More creative automated liquid-handling workstations intended for non-contact dispensing are anticipated to be used, which is predicted to fuel the rise. Long-term acceptability of contact dispensing was largely based on its dependability, simplicity, and affordability; but, as sample sizes have decreased, new methods have been necessary to adapt to evolving liquid handling requirements.

GLOBAL CRISES IMPACTING AUTOMATED LIQUID HANDLING SYSTEM MARKET - COVID-19 IMPACT

"Automated Liquid Handling System Market Growth Obstructed by Pandemic due to Lockdown"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to machinery and equipment. Therefore, a small influence from COVID-19 is anticipated on the Automated Liquid Handling System Market share.

LATEST TREND

"Molecular Diagonostics to Drive Market Growth"

A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. Its anticipated that the market has augmented because of this particular trend. Since accurate and consistent sample handling is essential to the development of customized medicine and precision diagnostics, there is a growing need for liquid handling systems in genomics and molecular diagnostics applications. The employment of cutting-edge therapy may be encouraged by the growing acceptance of personalized medicine, and this will serve as another catalyst for the automated liquid handling market's rise in the anticipated year. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.

• 

  Request a Free Sample to learn more about this report

AUTOMATED LIQUID HANDLING SYSTEM MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Basic Type and Advanced Type.

• Basic Type: It is nothing but a type of ALH systems with the Basic Type.

• Advanced Type: It is basically a type that of ALH Systems with the Advanced Type.

BY APPLICATION

Based on application, the global market can be categorized into Bio/pharmaceutical Companies, Government Agencies, Medical System, and Teaching/Scientific Research Institutions.

• Bio/pharmaceutical Companies: It is just an application where it is used by Bio/pharmaceutical Companies.

• Government Agencies: It is nothing but an application where it is used by Government Agencies.

• Medical System: It is just an application where it is used by Medical System.

• Teaching/Scientific Research Institutions: It is nothing but an application where it is used by Teaching/Scientific Research Institutions.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Drug Development to Boost the Market"

This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. The uptake of automated liquid handling systems has been fueled by the demand for high-throughput, efficient laboratory operations, particularly in the fields of genomics and drug development. These devices provide a high throughput and accuracy for processing huge volumes of samples. This serves as a primary driver of the market expansion for automated liquid handling. This might propel market expansion. This particular product has recorded to be profiting for the market growth. This particular factor has been proved to a boon for this particular product market. These factors are anticipated to drive the market growth during the forecast period.

"Biotechnology to Expand the Market"

This is the second major factor attributing the growth of this particular  market and has resulted in the hike of revenue numbers so much so that they are touching the skies. Clients benefit from it. This particular product market has touched new levels of lucrative revenue numbers and has also recorded to be the boon for this particular product market growth. Automated liquid handling systems are essential for compound management, assay preparation, and screening, which speeds up the drug discovery process. This is because the biotechnology and pharmaceutical sectors are always searching for novel therapeutic prospects. This promotes the market expansion for automated liquid handling. This factor has attributed the overall growth of this market and helped with the hike of revenue numbers as well. These factors are anticipated to drive the market growth in the present times and also during the forecast period.

RESTRAINING FACTOR

"High Cost of Raw Materials to Impede Market Growth"

These particular solutions have been very helpful yet extremely costly as well. This particular restraining factor has caused the revenue numbers to impede with extremely low yields and declining the sales and demand for this market. However, it is projected that the high cost of advanced automated workstations, when paired with the associated costs of calibration and maintenance, will limit their adoption in small and medium-sized enterprises, hence impeding market growth. Furthermore, throughout the projected period, the automated liquid handling market is expected to face challenges from evaporation control in automated liquid handling systems. This could slow the market's rate of expansion. Furthermore impeding the market growth rate would be the high subscription costs of some platforms.

OPPORTUNITY

"Technological Developments To Create Opportunity for the Product in the Market"

This particular opportunity has been attributing the market growth immensely. Applications such as clinical chemistry and immunoassays use automated liquid handling systems for pipetting, liquid transfer, and sample preparation. These uses of the systems might lead to profitable market expansion prospects. In addition, technological developments such as the amalgamation of software and robotics have rendered automated liquid handling systems increasingly versatile, easy to operate, and adjustable to a broad spectrum of laboratory procedures, hence contributing to their marketability.

CHALLENGE

"HIgh Initial Investment Could Be a Potential Challenge for Consumers"

This particular factor has been drastically challenging for the market growth and has become another major restraining factor. High initial investment costs to hamper the market growth. Small- and medium-sized businesses' slower adoption rates are limiting the market's expansion.

• 

  Request a Free Sample to learn more about this report

AUTOMATED LIQUID HANDLING SYSTEM MARKET REGIONAL INSIGHTS

NORTH AMERICA

The North American region has augmented a lot in the past few years in this particular product market. The United States Automated Liquid Handling System Market has anticipated to augment immensely over the forecast period. Because of its abundance of large biopharmaceutical companies, numerous active research and development initiatives, and easy access to cutting-edge technology, North America has dominated the market for automated liquid handling systems. Because automated fluid handling systems are an essential component of the drug discovery process, particularly in the screening of millions of compounds, the number of drug development projects is expected to increase and the need for these systems will rise accordingly.

EUROPE

The European market for this particular market has been accounted for attributing the over all global shares for this particular product service market.

ASIA

Asia-Pacific is anticipated to expand at the fastest rate during the projection period due to a rise in the demand for cutting-edge technologies. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue. The fastest growth is anticipated in Asia Pacific. The need for sophisticated liquid handling technology is being driven by rising R&D expenditures, especially in nations like China, Japan, and India. The strong expansion of the regional market is also fueled by significant market participants, a growing biopharmaceutical sector, and supportive government efforts.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

LIST OF MARKET PLAYERS PROFILED

• Thermo Fisher Scientific (U.S.)
• Tecan (Switzerland)
• Analytik Jena (Germany)
• Labcyte (U.S.)
• C.Labware (U.S.)

KEY INDUSTRY DEVELOPMENT

June 2021: This particular company has attributed the market growth in terms of revenue and shares system. This particular development and investment the global market has been recorded to be a boon for the market growth. Beckman Coulter Life Sciences, a Danaher Corporation company, has released the Biomek NGeniuS liquid handling system, which unleashes the power of next-generation sequencing and makes it more affordable for research labs of all sizes.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.market affecting the forecasting period. With detailed studies done, it also offers a comprehensive.