Liquid Handling Systems Market burst to touch $2.0 bn by 2024
Sellbyville, DE -- (SBWIRE) -- 12/11/2018 -- The Liquid Handling Systems Market is set to exceed USD 2.0 billion by 2024; according to a new research study published by Global Market Insights, Inc.
Increasing incidence of infectious diseases along with growing demand for high-throughput diagnosis of such diseases is boosting the liquid handling systems market. Increasing application of various laboratory processes such as PCR, ELISA, array printing, plate replication, serial dilution, cell culture and whole genome amplification is also boosting the industry growth.
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Automated liquid handling systems market segment is anticipated to experience robust growth in the future, accounting for USD 580.4 million in 2017. Automated systems have maximum accuracy, that helps to eliminate manual pipetting errors, thereby maximizing the reproducibility of assays. In addition, growing demand for such automated devices with unique software allows healthcare professionals and medical researchers to set-up even complex tasks with minimal efforts, thereby driving the market growth of the segment.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Beckman Coulter
- PerkinElmer, Inc.
- Danaher Corporation
- Thermo Fisher Scientific
- Eppendorf North America Sartorius
- Agilent Technologies
- Hudson Robotics, Inc.
- BioTek Instruments
Liquid handling automated workstation market is expected to grow at 6.0% during the projected years from 2018-2024. Automated workstations provide consistent results for assays, enhanced performance along with integrated sample storage and customization option for any specific usage, that will increase its application in coming years. In addition, automated workstations measure out samples and reagents, ensuring that liquids are added to bioassays in a uniform manner, thereby propelling its market growth.
Pharmaceutical & biotechnology industry market segment accounted for USD 635.5 million in 2017. The market share is attributed to increasing incidence of infectious and lifestyle-related diseases, growing demand for potent vaccines and rising number of clinical trials globally. Moreover, pharmaceutical and biotechnology industry make use of automated liquid handling systems to ensure that there is a proper workflow between their processes ranging from serial dilution to PCR, hence driving the market segment growth.
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U.S. liquid handling system market is estimated to grow at a CAGR of around 4.6% over the forecast period. Growing application of PCR, next-generation sequencing, microarray, and ELISA coupled with presence of industry players like Danaher Corporation, Qiagen, Beckman Coulter, and Thermo Fisher Scientific, Inc. will serve as a high impact rendering factor for revenue growth in the U.S. Moreover, shift in trends towards therapeutic areas such as women's health, oncology, infectious disease and HIV/STDs testing along with growing incidence of infectious diseases will enhance industry growth in the U.S.
Liquid Handling Systems Market by Type
Liquid Handling Systems Market by Product
- Automated Workstation