Global Liquid Handling Systems Market 2022-2028

Global Liquid Handling Systems Market 2022-2028

Global liquid handling system market size was $3.5 billion in 2021 and is anticipated to grow at a significant CAGR of 6.7% during the forecast period (2022-2028). The major driving factors for the growth of the liquid handling systems industry is estimated to be the assay miniaturization in drug discovery and the inclusion of automation in medical institutions and research centers. Additionally, increasing R&D investment in biotechnology, advancements in the next-generation sequencing and increasing requirement for accuracy in laboratory analysis are also contributing significantly to the growth of the market.

However, certain factors are hindering the growth of the market. High set up costs and complexities in operations of liquid handling systems and lack of research initiative in the developing countries such as Brazil, India are estimated to be the major constraints in the growth of the market. Further, the emergence of the robotics in the market and development of the liquid handling systems for the microfluidic studies and single-cell analysis are developing numerous expansion opportunities for the growth of the market during the forecast period.

Impact of COVID-19 Pandemic on Global Liquid Handler System Market

With the outbreak of the COVID-19 pandemic, the automated liquid handler system shows a significant increase in demand due to the increasing requirement for testing, tracing, and tracking in diagnostic labs globally. As the volume of incoming samples, especially related to the COVID-19 pandemic, laboratories, and clinics needs many capabilities to test up thousands of samples per day. Laboratories speed up the development of new PCR liquid handling workflows to deal with increased demand. Hence, the COVID-19 pandemic has a significant impact on the global liquid handling system market.

Segmental Outlook

The global liquid handling systems market is analyzed on the basis of the instruments and applications. On the basis of the instrument, the market is segmented into automated pipetting system, manual pipettes, pipette tips, dispensers, burettes and others. Further, on the basis of type, the market is segmented into automated liquid handling, manual liquid handling, and semi-automated liquid handling. On the basis of the applications, the market is segmented into serial dilution, titration, biological sample handling, cell-based assays, next-generation sequencing, polymerase chain reaction, high throughput screening, and others. Based on application, the cell-based assays segment is expected to hold a major share in the global liquid handling system market. the growth of the segments is driven by various factors, such as rinse in the demand for cell-based assays in drug discovery, government funding for cell-based research, and an increase in the number of drug discovery companies.

Automated Pipettes will be the largest segment by Instruments in Global Liquid Handling System Market

On the basis of instruments, the automated pipette segment held a major market share in the market. The efficient and effective performance, more reliability, high level of precision, easily adaptable across various applications, and minimal maintenance needs are the key driver for the increasing demand for automated pipettes. The various launches by key players across the regions are supporting the growth of the market over the forecast period. For instance, in November 2021, Integra bioscience's selection of liquid handling tools provides the scientist a solution they need for their PCR workflows. The company offers an array of options for manual, electronic, or fully automated pipetting, and volumes ranging between 0.2 µl and 5000 µl, combined with INTEGRA’s unique GripTip system, which ensures pipette tips never leak or fall off. The company offers, VIAFLO 96, VIAFLO 384, and MINI 96 electronics pipettes that are used to reduce pipetting steps while increasing productivity and reproducibility.

Regional Outlooks

The global liquid handling systems market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America is anticipated to hold a significant share in the global market. A hefty investment in R&D of genomics and proteomics is anticipated to fuel the market growth in the region. Moreover, supportive government policies and well-developed healthcare infrastructure are further driving the growth of the market in North America.

Asia-Pacific will augment with the significant growth rate in Liquid Handling System Market

Asia-Pacific is projected to augment with the significant growth rate during the forecast period, owing to increasing R&D activities in the region. The increasing number of laboratories and increasing pharmaceuticals and biotechnology markets in the region is further supporting the growth of the liquid handling systems market in the region. Furthermore, a paradigm shift towards lab automation in healthcare and pharmaceutical industries is set to drive the growth of this market in the Asia-Pacific region.

Market Players Outlook

The prominent players contributing globally in the liquid handling systems market are Agilent Technologies, Inc., Beckman Coulter Life Sciences, Bio-Rad Laboratories, Inc., Tecan, Thermo Fisher Scientific Inc., Corning, Inc., Eppendorf SE, Formulatrix Inc., and others. These key manufacturers are adopting various strategies like new product launches, mergers and acquisitions, partnerships and collaborations, and many others to thrive in a competitive environment. For instance,in February 2021, SPT lab tech acquired Apricot Designs. Through the acquisition, the SPT expand its portfolio of liquid handling technologies as a part of its larger portfolio of automation solutions for drug discovery, structural biology, genomics, cryoelectron microscopy, sample management, and biobanking, and access these services inUS and Asia pacific region.