Automated Liquid Handling Systems Market to Cross US$ 1,438.7 Mn by 2026

Global Market Study on Automated Liquid Handling
Systems: North America to Lead the Global Market in
Terms of Revenue during 2017 - 2026
As per the report compiled by Persistence Market Research (PMR), the global
automated liquid handling system market is likely to witness significant growth.
The market is projected to garner 6.4% CAGR throughout the forecast period.
Towards the end of 2026, the global automated liquid handling system market
is projected to bring in US$ 1,438.7 million revenue.
Automation in the routine laboratory procedures helps in reducing the
laboratory costs and generate correct results. One of the biggest issues faced by
labs is dispensing small volumes of liquid as the variation in the volume can
result in errors. Hence, increasing number of labs are shifting from manual
liquid handling system to automated liquid handling systems. Laboratory
automation is attracting a great deal of attraction, robotic technologies are being
used for automatic liquid handling. However, the complex operability of
advanced liquid handling systems and the high cost of instruments is hampering
the growth of the automated liquid handling systems market.
Minimizing Errors with Automated Liquid Handling System
Increasing accuracy, decreasing sample contamination, and resulting in the
reduced processing time are some of the benefits of automated liquid handling
systems. In the development of new automatic liquid handling system, there has
been an increased focus on syringe and pipette that are primary tools in the
liquid handling system. Also, the use of electronic pipettes has increased as it is
considered to be more accurate. Manufacturers are focusing on developing
automated liquid handling systems that suit budgets and workloads. Still, some
automated systems require manual input, hence, latest automated systems are
being developed with new features that can help in avoiding errors.
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Global Automated Liquid Handling Systems Market- Segment-Wise
Analysis
The global automated liquid handling system market is segmented into
modality, end users, product type, and region. On the basis of product type,
automated liquid handling workstation is expected to witness the highest
growth. Automated liquid handling workstation is estimated to bring in more
than US$ 700 million revenue by the end of 2026.
Based on the end users, hospitals and diagnostic centers are expected to be the
largest users of automated liquid handling systems. By the end of 2026,
hospitals and diagnostic centers are estimated to exceed US$ 600 million
revenue.
Based on the modality, the market is further segmented into fixed tips and
disposable tips. Among these, disposable tips are expected to witness
significant growth during the forecast period. Disposable tips are estimated to
bring in more than US$ 900 million revenue by the end of 2026.
Region-wise, North America is expected to dominate the global automated
liquid handling system market during the forecast period 2017-2026. Increasing
investment in life science projects is driving the demand in the region.
Moreover, research and development of new pharmaceutical products in the
region is also contributing to the increasing use of automated liquid handling
system.
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Competitive Analysis
The report offers profiles of the leading market players in the global automated
liquid handling systems market such as Thermo Fisher Scientific Inc., Danaher
Corporation, Agilent Technologies, Inc., PerkinElmer, Inc., Bio-Rad
Laboratories Inc., Corning, Inc., Mettler-Toledo International Inc., Qiagen
N.V., Eppendorf AG, Tecan Group Ltd, Hamilton Company, and Aurora
Biomed, Inc.
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