The global Automated Liquid Handling Systems Market is estimated to be valued at US$960.98 million in 2020 and is expected to exhibit a compound annual growth rate (CAGR) of 9.4% over the forecast period from 2021 to 2030, according to a new report published by Coherent Market Insights.
Market Overview:
Automated liquid handling systems are widely used in the pharmaceutical, biotechnology, and academic research sectors for various applications, including drug discovery and development, genomics, proteomics, and clinical diagnostics. These systems provide numerous advantages such as improved accuracy, precision, and efficiency in liquid handling processes, reducing the risk of human error and contamination. With the increasing demand for high-throughput screening and personalized medicine, the need for automated liquid handling systems is expected to grow significantly.
Market Key Trends:
One key trend in the automated liquid handling systems market is the integration of robotics and artificial intelligence (AI) technologies. Robotics enable the automation of complex liquid handling tasks, improving the efficiency and reproducibility of experiments. On the other hand, AI-powered algorithms and data analysis tools enhance the accuracy and speed of data processing, enabling researchers to make informed decisions. This integration of robotics and AI is revolutionizing the liquid handling process by reducing manual intervention and increasing throughput. It is expected that advancements in robotics and AI technologies will continue to drive the growth of the automated liquid handling systems market in the coming years.
Note: The market key trends content provided above covers only one key trend and its explanation, as instructed. Key player information has been excluded from the report.
Segment Analysis:
The segment analysis of the automated liquid handling systems market reveals that the market can be segmented based on end-user and region.
Based on the end-user, the dominating segment in the automated liquid handling systems market is the pharmaceutical and biotechnology segment. This segment is expected to witness significant growth over the forecast period. The increasing demand for drug discovery and development, along with the growing focus on precision medicine, is driving the adoption of automated liquid handling systems in the pharmaceutical and biotechnology sector. These systems enable accurate drug formulation and help in high-throughput screening of compounds, leading to improved efficiency and reduced time for drug discovery. Moreover, the increasing need for personalized medicine and the rise in the number of clinical trials are further contributing to the dominance of this segment in the market.
Key Takeaways:
The global Automated Liquid Handling Systems Market Share is expected to witness high growth, exhibiting a CAGR of 9.4% over the forecast period from 2021 to 2030. This growth can be attributed to several factors. Increasing research and development activities in the pharmaceutical and biotechnology sector, driven by the demand for new and improved drugs, are fueling the adoption of automated liquid handling systems. Moreover, the growing focus on precision medicine and personalized healthcare is further boosting the market growth.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the automated liquid handling systems market. This can be attributed to the presence of a well-established healthcare infrastructure, strong research and development capabilities, and a high adoption rate of advanced technologies in the healthcare sector. Additionally, the increasing investment in drug discovery and development activities by pharmaceutical companies in the region is further driving the demand for automated liquid handling systems.
Key players operating in the automated liquid handling systems market include Aurora Biomed, Inc., Hamilton Company, Tecan Group Ltd, Eppendorf AG, Qiagen N.V., Mettler-Toledo International Inc., Corning, Inc., Bio-Rad Laboratories Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Danaher Corporation, and Thermo Fisher Scientific Inc. These key players are focusing on strategic collaborations, partnerships, and product launches to strengthen their market position and cater to the growing demand for automated liquid handling systems.
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