Increasing investments in the drug development process is one of the significant factors influencing the market growth.
Market Size – USD 3,329.4 Million in 2019, Market Growth – CAGR of 8.3%, Market Trends –Growing demand for throughput screening.
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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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
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
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The Liquid Handling Technology market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Liquid Handling Technology Market Segmentation based on Types:
Component Outlook (Revenue, USD Million; 2017-2027)
- Automated Workstations
- Standalone Liquid Handlers
- Integrated Liquid Handlers
- Small Devices
- Tubes & Plates
Product Type Outlook (Revenue, USD Million; 2017-2027)
- Automated Liquid Handling
- Semi-Automated Liquid Handling
- Manual Liquid Handling
Liquid Handling Technology Market Segmentation based on Application:
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Discovery
- ADMET Research
- Cancer & Genomic Research
End-User Outlook (Revenue, USD Million; 2017-2027)
- Research Institutes
- Pharmaceutical Companies
- Contract Research Organizations
Key Regions Analyzed in the Report include:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Furthermore, it consists information about individual segment of the Liquid Handling Technology market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Key Benefits of the Report:
- Comprehensive overview of the changing dynamics of competitive landscape
- Detail oriented futuristic prospects of factors driving and restraining growth of the market
- Valuable insights on key market growth driving trends and monetary competence in the forecast period
- Strategic recommendations to key players and new entrants to overcome barriers and challenges in the market
- Revenue forecasts for the period of 2022-2027
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