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According to the latest findings from Meticulous Research®, the liquid handling systems market is predicted to grow to $6.99 billion by 2029, achieving a CAGR of 6.4% from 2022 to 2029. The market’s growth is propelled by several factors including the rapid expansion of the pharmaceutical and biotechnology industries, increased R&D spending by biopharmaceutical firms, accelerated adoption of automation in laboratories, and rising demand for high-throughput screening techniques.
Additionally, market opportunities are growing in developing economies and in the expanding fields of genomics and proteomics, which is expected to fuel growth further.
On the downside, the high cost associated with automated liquid handling systems could slow market growth. Other challenges include the gradual adoption of automation in smaller labs and the additional training required for operating automated robotic systems.
Liquid Handling Systems Market: Insights into Growth
The liquid handling systems market is divided by type, product, application, end user, and region. The study also analyzes competition and evaluates market activity at both the regional and country levels.
By type, the automated liquid handling systems segment is expected to lead the market in 2022, due to the advantages offered by automated systems, such as greater accuracy, efficiency, and cost-effectiveness, as well as the increasing demand for high-throughput screening solutions.
From a product perspective, the pipette segment dominated the market in 2022. This is attributed to the frequent usage of pipettes in liquid handling, their ability to measure smaller volumes, and their wide applicability across diverse industries.
In terms of application, the drug discovery segment was the largest in 2022, due to the rise in research activities driven by the need for personalized drugs.
For end users, the biotechnology and pharmaceutical industries took the largest market share in 2022, due to substantial R&D investments and partnerships aimed at developing new therapeutic products.
Regional Overview and Market Trends
The report covers significant regional markets, offering insights into market performance in North America (covering the U.S. and copyright), Europe (including Germany, France, U.K., Italy, Spain, and other European nations), Asia-Pacific (which includes Japan, China, India, and neighboring regions), Latin America, and the Middle East & Africa.
In 2022, North America held the largest share of the global liquid handling systems market, followed by Europe and Asia-Pacific. North America's dominance stems from its strong biopharmaceutical industry, high healthcare expenditure, growing demand for high-throughput screening, and significant R&D investment.
Key Playres
The key players operating in the liquid handling systems market are Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Eppendorf AG (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), Tecan Group Ltd. (Switzerland), PRIMADAG SAS (France), BRAND GMBH + CO KG (Germany), Hudson Robotics (U.S.), SPT Labtech (U.K.), F. Hoffmann-La Roche Ltd. (Switzerland), QIAGEN N.V. (Netherlands), and Mettler-Toledo International, Inc (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/liquid-handling-systems-market-5397
Key questions answered in the report-
- Which are the high-growth market segments in terms of type, product, application, end user, and region/country?
- What was the historical market size for liquid handling systems across the globe?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges in the global liquid handling systems market?
- Who are the major players in the liquid handling systems market?
- How is the competitive landscape, and who are the market leaders in the global liquid handling systems market?
- What are the recent developments in the global liquid handling systems market?
- What are the different strategies adopted by the major players in the global liquid handling systems market?
- What are the geographical trends and high-growth regions/countries?
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