The Global Automated Liquid Handling Systems Market Growth is Accelerated by Increased Adoption in Drug Discovery and Genomics

 

Automated liquid handling systems offer higher accuracy, reproducibility, efficiency and minimize human errors while dispensing liquid reagents, samples, etc. in laboratories. These systems are extensively used in clinical diagnostics, drug discovery, genomics and proteomics for dispensing chemicals, samples and reagents into well plates or any other laboratory equipment. The global Automated Liquid Handling Systems Market is estimated to be valued at US$ 4.63 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increased adoption of automated liquid handling systems in drug discovery and genomics is expected to drive the market growth over the forecast period. Majority of pharmaceutical and biotechnology companies are focused on high throughput drug discovery. Automated liquid handling systems help pharmaceutical companies in miniaturization of assays and enable screening of thousands of chemical compounds against biological targets in shorter duration, which ultimately helps in accelerating the drug discovery process. Similarly, in genomics research automated liquid handlers are widely utilized in Next Generation Sequencing (NGS) workflows for sample preparation and library construction process. This increases the demand for automated liquid handlers and positively impacts the market growth.

Segment Analysis
The global automated liquid handling systems market can be segmented based on product and application. Pipetting systems dominate the market and are expected to continue their dominance over the forecast period. Pipetting systems account for more than 40% of the market share owing to their widespread adoption in diagnostic applications for dispensing small volumes of samples.

Key Takeaways
The Global Automated Liquid Handling Systems Market Size is expected to witness high growth over the forecast period 2023-2030.

Regional Analysis: North America currently has the largest share in the automated liquid handling systems market. The US contributes significantly to the North American market share due to high adoption of advanced systems in research and clinical laboratories. Asia Pacific is anticipated to grow at the highest CAGR during the forecast period. Rising investments in life sciences R&D combined with growing scientific capabilities in emerging Asian countries such as China and India are expected to drive the APAC market.

Key players operating in the automated liquid handling systems market are Ingersoll Machine Tools Inc., Automated Dynamics, M.Torres Industrial Designs, SAU, Electroimpact Inc., MIKROSAM, Accudyne Systems, Inc., Fives, Coriolis Composites. Ingersoll Machine Tools Inc. and Automated Dynamics collectively account for over 30% market share owing to their diverse product portfolio and global presence.

For More Insights, Read: https://www.newsstatix.com/automated-liquid-handling-systems-market-size-share-and-growth-forecast-2023-2030/