Dublin, Nov. 22, 2022 (GLOBE NEWSWIRE) -- The "Liquid Handling System Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global liquid handling system market is expected to grow at a CAGR of 6.79% during 2022-2027.
Liquid handling involves the movement of liquid reagents through various laboratories' diverse range of large-scale analyzers, instruments, and platforms. The liquid handling tools are used in various laboratory applications ranging from research to clinical applications to handle various samples with accurate measurements.
Growth in the global liquid handling system market is driven primarily by the growth of the pharmaceutical biotechnology sector, increased R&D spending by biopharmaceutical companies, and growth in life sciences research backed by favorable funding scenarios.
The research associations and other medical institutions are conducting various clinical trials to develop suitable anti-COVID drugs and testing devices. They are expected to support the global liquid handling system market growth. For example, in 2020, Hamilton announced a test job for the automated COVID-19 testing workstations and high-speed priority tracking of all orders related to fighting virus pandemics.
Key Highlights
- R&D is the lifeline of the pharmaceutical industry. The success of large pharmaceutical companies depends almost entirely on the discovery and development of new drugs, and their capital spending (fixed investment) allocation reflects this fact. Average spending is over 25% of revenue, but some companies spend significantly more.
- Biopharmaceutical research and development continued at a record pace in 2021, despite the COVID-19 pandemic. According to the data, 5,500 newly planned clinical trials launched last year have increased by 14% since 2020.
- Approval and launch of new drugs continued to accelerate in 2021, with 84 new drugs entering the market. This is twice as much as it was five years ago. With more than 6,000 product pipelines under active development, up 68% compared to 2016, the pace of pharma R&D will be maintained over the next few years.
Diversified Applications of Liquid Handling Systems in the Lifesciences Industry
- Over the past century, life science research has helped scientists discover the biological basis of life and develop ways to overcome illness. Modern Life Science Institutes often require high-throughput liquid processing for efficiency reasons. For example, the number of genes encoding species of proteins involved in protein structure determination is enormous, somewhere between 20,000 and 25,000.
- Liquid handling plays a central role in the Life Science Institute. Experiments such as gene sequencing, protein crystallization, antibody testing, and drug screening require liquid biosamples to be moved between different-sized containers and dispensed into different types of substrates.
- Kevin Rosovsky, CEO of Caliper Life Sciences, said laboratory automation had received great attention in recent years. The robotic technology that has long been found in factory automation is being used for automated liquid handling. In addition, new application-specific devices are constantly being developed for this purpose. "Getting 500,000 test points a day opens up a new strategy in drug discovery."
Surge in Demand for Liquid Handling to Manage Large Volume of Samples During Covid-19
- The pharmaceutical and healthcare industry's response to the COVID-19 pandemic has led to the development of over 1000 vaccine and therapeutic candidates, with nearly 5,000 clinical trials underway. This revolutionary explosion, coupled with a shift to more outsourcing by pharmaceutical and biotechnology companies, has created a surge in demand for liquid handling systems.
- The range of bioanalysis required is overwhelming. New therapies require pharmacokinetic, immunogenicity, and biomarker assays. Nucleic acid amplification test (NAAT) and antigen test are needed for the diagnosis of COVID-19 and registration of clinical trials. Apart from the development of therapeutics and vaccines for COVID19, millions of tests are performed every day globally.
- As of June 2, 2022, the U.S. conducted more than one billion tests for COVID-19. The U.S. is the most abundant country in the world. Russia has conducted more than 273 million tests. The COVID-19 pandemic puts a heavy burden on healthcare systems around the world. Thus, during COVID-19, the laboratories are under strain with a large volume of samples of COVID-19 vaccines, therapeutics drugs, and COVID-19 tests. The laboratories need large numbers of liquid handling equipment to accelerate the growth of the sample's performance. The millions of COVID-19 testing are required for the automated system to manage the large scale of samples during COVID-19. Such factors of the pandemic have boosted the growth of the global automated liquid handling system market.
Competitive Analysis
The liquid handling system market is highly dynamic, with several global and local players offering a diverse range of LHS and associated software. The market is consolidated with the global players accounting for high shares. In 2021, Thermo Fisher Scientific, Danaher, METTLER TOLEDO, Eppendorf, Agilent Technologies, Tecan, and Corning Incorporated were the leading players that accounted for significant shares in the global liquid handling system market.
The global players focus on developing innovative products and expanding their product portfolio to remain competitive in the market. They are investing extensively in R&D and product development activities to expand their product portfolio. Manufacturers such as Thermo Fisher Scientific, Danaher, METTLER TOLEDO, and Eppendorf continuously focus on product development and offer sophisticated liquid handling systems with new technology to increase their market presence.
Key Vendors
- Thermo Fisher Scientific
- Agilent Technologies
- METTLER TOLEDO
- Tecan
- Danaher
- Eppendorf
- Corning Incorporated
Other Prominent Vendors
- BrandTech Scientific
- Borosil
- BIOTEC
- CELLINK
- CooperSurgical Fertility Solutions
- FORMULATRIX
- Flow Robotics
- Gilson
- Greiner Bio-One International
- HiTec Zang
- Hudson Robotics
- Hamilton Company
- Ingersoll Rand
- Metrohm
- Orochem Technologies
- PerkinElmer
- HighRes Biosolutions
- Sartorius
- SPT Labtech
- TOMTEC IMAGING SYSTEMS
- Tianlong
- Vitrolife
- Wuhan Bonnin Technology
- Waters Corporation
- Integra Biosciences
- Peak Analysis and Automation
- Synchron Lab Automation
Key Questions Answered:
1. What is the size of the global liquid handling system market?
2. What is the growth rate of the global liquid handling system market?
3. What are the key driving factors in the liquid handling system market?
4. Who are the key vendors in the global liquid handling system market?
5. Which region holds the largest global liquid handling system market share?
6. What is the expected growth rate of the electronic method segment in the liquid handling system market by 2027?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Product
4.3.2 Market Segmentation by Method
4.3.3 Market Segmentation by Application
4.3.4 Market Segmentation by End-user
4.3.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Surge in R&D Initiatives Across Life Sciences Sector
7.1.2 Application of Liquid Handling in Personalized Medicine/ Genomics
8 Premium Insights
8.1 Overview
8.1.1 Global Liquid Handling System Market Scenario
8.1.2 Market Segmentation
8.1.3 Vendor Analysis
9 Market Opportunities & Trends
9.1 Expanding Role of Liquid Handling in Genomics & Proteomics
9.2 Surge in Demand for Liquid Handling Workstations
9.3 Growing Importance of Lab Automation Integrated With Liquid Handling Equipment
10 Market Growth Enablers
10.1 Diversified Applications of Liquid Handling Systems in Life Science Industry
10.2 Increase in R&D Activities & Investments in Healthcare Industry
10.3 High Demand for Liquid Handling Systems to Manage Large Volumes of Covid-19 Samples
10.4 Focus on High-Throughput Screening & Data Precision
11 Market Restraints
11.1 High Cost of Liquid Handling Systems
11.2 Risk of Errors in Liquid Handling
11.3 Slow Adoption of Automation Among Small and Medium-Sized Laboratories
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.2.1 Insights by Geography
12.2.2 Insights by Product
12.2.3 Insights by Application
12.2.4 Insights by Method
12.2.5 Insights by End-user
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Product
14 Method
15 Application
16 End-user
17 Geography
18 North America
19 Europe
20 APAC
21 Latin America
22 Middle East and Africa
23 Competitive Landscape
23.1 Competition Overview
23.2 Market Share Analysis
24 Key Company Profiles
24.1 Thermo Fisher Scientific
24.1.1 Business Overview
24.1.2 Thermo Fisher Scientific in Liquid Handling Systems Market
24.1.3 Product Offerings
24.1.4 Key Strategies
24.1.5 Key Strengths
24.1.6 Key Opportunities
24.2 Agilent Technologies
24.2.1 Business Overview
24.2.2 Agilent Technologies in Liquid Handling Systems Market
24.2.3 Product Offerings
24.2.4 Key Strategies
24.2.5 Key Strengths
24.2.6 Key Opportunities
24.3 Mettler Toledo
24.3.1 Business Overview
24.3.2 Mettler Toledo in Liquid Handling Systems Market
24.3.3 Product Offerings
24.3.4 Key Strategies
24.3.5 Key Strengths
24.3.6 Key Opportunities
24.4 Tecan
24.4.1 Business Overview
24.4.2 Tecan in Liquid Handling Systems Market
24.4.3 Product Offerings
24.4.4 Key Strategies
24.4.5 Key Strengths
24.4.6 Key Opportunities
24.5 Danaher
24.5.1 Business Overview
24.5.2 Danaher in Liquid Handling Systems Market
24.5.3 Product Offerings
24.5.4 Key Strategies
24.5.5 Key Strengths
24.5.6 Key Opportunities
24.6 Eppendorf
24.6.1 Business Overview
24.6.2 Eppendorf in Liquid Handling Systems Market
24.6.3 Product Offerings
24.6.4 Key Strategies
24.6.5 Key Strengths
24.6.6 Key Opportunities
24.7 Corning Incorporated
24.7.1 Business Overview
24.7.2 Corning Incorporated in Liquid Handling Systems Market
24.7.3 Product Offerings
24.7.4 Key Strategies
24.7.5 Key Strengths
24.7.6 Key Opportunities
25 Other Prominent Vendors
25.1 Brand
25.1.1 Business Overview
25.1.2 Product Offerings
25.2 Borosil
25.2.1 Business Overview
25.2.2 Product Offerings
25.3 Biotec
25.3.1 Business Overview
25.3.2 Product Offerings
25.4 Cellink
25.4.1 Business Overview
25.4.2 Product Offerings
25.5 Coopersurgical Fertility Solutions
25.5.1 Business Overview
25.5.2 Product Offerings
25.6 Formulatrix
25.6.1 Business Overview
25.6.2 Product Offerings
25.7 Flow Robotics
25.7.1 Business Overview
25.7.2 Product Offerings
25.8 Gilson
25.8.1 Business Overview
25.8.2 Product Offerings
25.9 Greiner Bio-One International
25.9.1 Business Overview
25.9.2 Product Offerings
25.10 Hitec Zang GmbH
25.10.1 Business Overview
25.10.2 Product Offerings
25.11 Hudson Robotics
25.11.1 Business Overview
25.11.2 Product Offerings
25.12 Hamilton Company
25.12.1 Business Overview
25.12.2 Product Offerings
25.13 Ingersoll Rand
25.13.1 Business Overview
25.13.2 Product Offerings
25.14 Metrohm
25.14.1 Business Overview
25.14.2 Product Offerings
25.15 Orochem Technologies
25.15.1 Business Overview
25.15.2 Product Offerings
25.16 Perkinelmer
25.16.1 Business Overview
25.16.2 Product Offerings
25.17 Highres Biosolutions
25.17.1 Business Overview
25.17.2 Product Offerings
25.18 Sartorius
25.18.1 Business Overview
25.18.2 Product Offerings
25.19 Spt Labtech
25.19.1 Business Overview
25.19.2 Product Offerings
25.20 Tomtec Imaging Systems
25.20.1 Business Overview
25.20.2 Product Offerings
25.21 Tianlong
25.21.1 Business Overview
25.21.2 Product Offerings
25.22 Vitrolife
25.22.1 Business Overview
25.22.2 Product Offerings
25.23 Wuhan Bonnin Technology
25.23.1 Business Overview
25.23.2 Product Offerings
25.24 Waters Corporation
25.24.1 Business Overview
25.24.2 Product Offerings
25.25 Integra Biosciences
25.25.1 Business Overview
25.25.2 Product Offerings
25.26 Peak Analysis and Automation
25.26.1 Business Overview
25.26.2 Product Offerings
25.27 Synchron Lab Automation
25.27.1 Business Overview
25.27.2 Product Offerings
26 Report Summary
27 Quantitative Summary
28 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/zenrsl
