Automated Liquid Handling Systems Market Is Estimated To Witness High Growth Owing To Increasing Demand

Poonam

Automated Liquid Handling Systems Market Is Estimated To Witness High Growth Owing To Increasing Demand for High Throughput Screening

The global Automated Liquid Handling Systems Market is estimated to be valued at US$960.98 million in 2020 and is expected to exhibit a CAGR of 9.4% over the forecast period 2021 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Automated liquid handling systems are laboratory instruments used to accurately dispense and handle liquid samples. These systems offer several advantages such as increased productivity, reduced error rate, improved accuracy, and enhanced reproducibility of experiments. The need for high throughput screening in various industries such as pharmaceuticals, biotechnology, and clinical diagnostics is driving the demand for automated liquid handling systems.

Market Key Trends:

One key trend in the automated liquid handling systems market is the increasing demand for high throughput screening. High throughput screening (HTS) is a method used in drug discovery and functional genomics to quickly test large numbers of chemical compounds or genetic constructs against biological targets. The demand for HTS is growing due to the need for rapid and efficient drug discovery and development processes.

HTS requires the handling of a large number of samples, which can be efficiently and accurately performed using automated liquid handling systems. These systems enable the screening of thousands of samples in a short period, improving the efficiency of drug discovery and reducing costs. Additionally, the integration of advanced technologies such as robotics and artificial intelligence in automated liquid handling systems further enhances their performance in high throughput screening processes.

Overall, the increasing demand for high throughput screening and the advantages offered by automated liquid handling systems are expected to drive the growth of the automated liquid handling systems market over the forecast period.

PEST Analysis:

Political: The political factors influencing the automated liquid handling systems market include government regulations and policies regarding healthcare and laboratory equipment, as well as intellectual property rights. These factors can impact the market by either enabling or hindering the development and adoption of automated liquid handling systems.

Economic: The economic factors affecting the market include the overall economic health of countries, investment in healthcare infrastructure, and healthcare expenditure. The market is expected to witness high growth due to increasing investment in healthcare infrastructure and the rising demand for efficient and accurate laboratory equipment.

Social: The social factors influencing the market include the increasing prevalence of chronic diseases, the need for personalized medicine, and the rising demand for accurate diagnostic tests. These factors are driving the adoption of automated liquid handling systems in laboratories and healthcare facilities.

Technological: The technological factors impacting the market include advancements in robotics, automation, and artificial intelligence. These technologies are enabling the development of more efficient and precise automated liquid handling systems, leading to improved workflow and research outcomes.

Key Takeaways:

The global Automated Liquid Handling Systems Market Share is expected to witness high growth, exhibiting a CAGR of 9.4% over the forecast period from 2021 to 2030. This growth can be attributed to several factors, such as the increasing demand for accurate and efficient laboratory equipment, the rising prevalence of chronic diseases, and the need for personalized medicine.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the automated liquid handling systems market. This can be attributed to factors such as the presence of well-established healthcare infrastructure, technological advancements, and a high demand for advanced laboratory equipment in research and diagnostic laboratories.

Key players operating in the automated liquid handling systems market include Aurora Biomed, Inc., Hamilton Company, Tecan Group Ltd, Eppendorf AG, Qiagen N.V., Mettler-Toledo International Inc., Corning, Inc., Bio-Rad Laboratories Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Danaher Corporation, and Thermo Fisher Scientific Inc. These key players contribute significantly to the market through their innovative product offerings, strategic collaborations, and expansions into new geographical regions.

In conclusion, the automated liquid handling systems market is expected to experience significant growth in the coming years, driven by factors such as increasing investment in healthcare infrastructure, the rising prevalence of chronic diseases, and technological advancements in robotics and automation. North America is expected to dominate the market, and key players such as Aurora Biomed, Hamilton Company, and Tecan Group Ltd are leading the industry with their innovative products and strategies.

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