The automated liquid handling system market is projected to grow at a CAGR of 7.26% to reach US$745.652 million by 2024, from US$489.586 million in 2018. Automated liquid handling systems enable improvement in accuracy, reduction in sample decontamination and shorter processing time. Increasing investment in laboratory automation by end-users along with rising research and development expenditure by healthcare manufacturers are the major factors driving the demand for these systems. In addition, growing diagnostic tests and stringent government regulations regarding liquid handling at the hospital and diagnostic laboratories will propel the growing demand for these systems. North America and Europe held a sizable market share in 2018 owing to the early adoption of technology and burgeoning healthcare expenditure. The Asia Pacific is projected to grow at a considerable rate over the forecast period.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the automated liquid handling system value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the automated liquid handling system market.
Major industry players profiled as part of the report Hamilton Company, Thermo Fisher Scientific, Corning Incorporated, Beckman Coulter, Inc., Agilent Technologies, Inc., PerkinElmer, Inc., QIAGEN, and Tecan Trading AG among others.
The Automated liquid handling system market has been analyzed through the following segments:
Pipettes and Consumables
Research and Academic Institutes
Pharmaceutical and Biotechnology Companies
Hospitals and Diagnostic Centers
Middle East and Africa