Automated liquid handling systems are laboratory robotic workstations that can handle all types of liquids and are used in various applications including drug discovery, translational research, personalized medicine, and biologics testing. These systems offer advantages such as high-throughput screening and reduced operational costs as compared to manual liquid handling. With increasing focus on creating high-throughput screening assays, automated liquid handling systems see rising demand.
The Automated Liquid Handling Systems Market is estimated to be valued at US$ 4.63 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving the growth of automated liquid handling systems market is their increasing adoption in biological applications. Continuous advancements in biologics and cell-based research have augmented the demand for these systems from biopharmaceutical and life sciences companies. Automated liquid handlers offer high accuracy and reproducibility for processes like assay development and screening in fields like genomics, proteomics, diagnostics and personalized medicine. They help streamline fluid transfer processes in biological applications involving volumes ranging from microlitres to millilitres. The growing focus on precision and miniaturization in biological research is expected to weiter increase the demand for automated liquid handling systems with advanced liquid class technologies over the forecast period.
Porter's Analysis
Threat of new entrants: Low capital requirements and established brand recognition limit threats of new entrants. However, presence of dominant players pose entry barriers.
Bargaining power of buyers: Large biotech and pharma companies have significant bargaining power due to availability of substitutes and price sensitivity.
Bargaining power of suppliers: Few technology providers and proprietary nature of equipment results in high bargaining power of suppliers.
Threat of new substitutes: Limited threat due to lack of substitutes that can match accuracy and throughput of automated liquid handling systems.
Competitive rivalry: Intense competition due to differentiated offerings and innovation by major players.
SWOT Analysis
Strengths: Programmable, accurate and precise systems reduce errors and save labor cost. Demand from drug discovery and clinical diagnostics drives growth.
Weaknesses: High initial investment and maintenance cost. Require technical expertise to operate complex systems.
Opportunities: Untapped emerging markets offer lucrative opportunities. Increasing R&D investment and adoption in academic research present opportunities.
Threats: Stricter regulations raise compliance requirements. Economic slowdowns can decrease discretionary spending on equipment.
Key Takeaways
Global Automated Liquid Handling Systems Market Demand is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing R&D spending in pharma and biotech industries. North America dominated the market in 2023 with over 30% share owing to presence of majority global players and availability of funding for research in the US.
Regional analysis Asia Pacific is fastest growing region for automated liquid handling systems market expanding at around 7% CAGR during the forecast period. Growth can be attributed to increasing investments by governments as well as private organizations in research and development. Countries such as China and India offer significant untapped opportunities with growing biotechnology and pharmaceutical industries.
Key players operating in the automated liquid handling systems market are Agilent Technologies,,Bio-Rad Laboratories,,Corning Incorporated,,Labcyte Inc.,,Perkin Elmer Inc. Key players are focusing on new product launches, collaborations and geographical expansion strategies to strengthen their market positions and tap opportunities in emerging markets.
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