According to MarkNtel Advisors’ research report, the Global Automated Liquid Handling Market is projected to witness around 8.7% CAGR during the forecast period, i.e., 2022-27. The market growth attributes principally to the mounting demand for automated liquid handling devices owing to their quicker Turn-around-Times (TAT), higher throughput, fewer human errors, and low operational costs.
In addition, since automated Liquid Handling systems are highly efficient in dispensing samples & other liquids in laboratories, these systems are widely used in pharmaceuticals & biochemical laboratories. Therefore, the expanding number of such labs shall further fuel the overall market growth in the coming years.
Biotechnological & Pharmaceutical Companies to Attain the Largest Share of the Global Automated Liquid Handling Market during 2022-27
The increasing application of automated liquid handling systems in Biotechnological & Pharmaceutical companies is mainly for drug discovery in labs. Since these systems can accurately dispense liquid samples in different containers and provide precise outcomes & quicker analysis, their adoption is increasing rapidly for drug development.
Moreover, the surging procurement of biopharma & biotech companies are attracting & encouraging multiple Contract Research Organizations (CROs) & Contract Manufacturing Organizations (CMOs) to adopt automated liquid handling systems and, in turn, enhance their efficiency in compliance with regulatory norms. Hence, this is another crucial aspect driving the market in the coming years.
Asia-Pacific to Witness the Fastest Market Growth through 2027
The strong financial support from the governments of regional countries & market players and the rapidly expanding base of biotech companies in the region are the prime aspects driving the Asia-Pacific Automated Liquid Handling Market during 2022-27.
Moreover, the surging growth momentum of biopharma companies and contract organizations across China & Japan are also propelling the demand for automated liquid handling systems in these countries, thereby driving the regional market.
Key Market Competitors
According to MarkNtel Advisors, the leading players in the Global Automated Liquid Handling Market are Eppendorf AG, Tecan Group Ltd., Corning Incorporated, Hamilton Company, Mettler-Toledo International, PerkinElmer, Agilent Technologies, Thermo Fisher Scientific, Danaher Corporation, Aurora Biomed, Siemens Healthcare, Synchron Lab, Hudson Robotics, Shimadzu, Roche Holding AG.
Key Questions Answered in the Study