Increasing investments in the drug development process is one of the significant factors influencing the market growth.
The global liquid handling technology market is forecasted to reach USD 6,323.9 Million by 2027, according to a new report by Reports and Data. The liquid handling technology market is observing rapid growth attributed to its increasing application in the drug discovery process. Quality control using liquid handling technology is crucial in compound preparation management, due to the introduction of variability by compound volume errors in assays, even if it is the most robust one. During the early phase of compound preparation, it is essential that liquid-based solution volumes must be correct for precise analysis at a later stage. Identification and correction for liquid handling error at the early stage in the drug discovery process lead to saving time, resources, and money.
Automated liquid handlers find usage in running drug compounds through ADMET assays that are beneficial in assessing absorption, distribution, metabolism, excretion, and toxicity characteristics. ADMET testing provides in-depth know-how about the drug interaction with the human body, and this data profile is vital in the decision-making process to carry out or stop any further development.
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Further key findings from the report suggest
- The gradually smaller group of drug compounds moving through each drug discovery process stage causes liquid handling error very costly and, in turn, drives the demand for liquid handling technology.
- In genomics research laboratories, the preparation of the sample is the experiment’s bottleneck, predominantly when it comes to high-throughput NGS. Thus, an increasing number of genomics laboratories are adopting liquid-handling automation to achieve an efficient and economical sequencing workflow.
- Manual liquid handling technology such as hand pipetting is considered fast in small applications when carried out by a skilled professional. Although, manual liquid handling technology is easy and direct, it does present risks associated with technician-to-technician variability.
- Europe contributed to the second-largest market share in 2019, due to the increasing RD activities in the drug discovery process and the pharmaceutical sector's growth.
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Competitive landscape:
The report also sheds light on leading players in the market with details about their global position, revenue contribution, financial standing, product portfolio and license agreement. The global Liquid Handling Technology market is extremely competitive and comprise global and regional market players. These players are focused on adopting various strategies such as mergers and acquisitions, collaborations, and government partnerships, research and development activities and introducing novel products to strengthen their market position. Some of the key players operating in the global market are AutoGen Inc., Bio-Rad Laboratories, Analytik Jena AG, Aurora Biomed Inc., Biotek Instruments Inc., Corning Inc., Formulatrix Inc., Agilent Technologies, Danaher Corporation, and Lonza Group AG, among others.
Further the research report offers details about 5 major regions covered in the global Liquid Handling Technology market.
Regional analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Russia
- K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- Israel
- Rest of MEA
Liquid Handling Technology Market Segmentation:
Component Outlook (Revenue, USD Million; 2017-2027)
- Automated Workstations
- Standalone Liquid Handlers
- Integrated Liquid Handlers
- Small Devices
- Burettes
- Pipettes
- Dispensers
- Others
- Consumables
- Reagents
- Tubes Plates
- Others
Product Type Outlook (Revenue, USD Million; 2017-2027)
- Automated Liquid Handling
- Semi-Automated Liquid Handling
- Manual Liquid Handling
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Discovery
- ADMET Research
- Cancer Genomic Research
- Bioprocessing
- Others
End-User Outlook (Revenue, USD Million; 2017-2027)
- Research Institutes
- Pharmaceutical Companies
- Contract Research Organizations
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