Global Liquid Handling Systems Market was Worth US$ 2,302.3 Million, and it is Predicted to Grow at a CAGR of 6.6% from 2018 to 2026
Liquid Handling Systems |
Insights on the Market for Liquid Handling Systems
Liquid handling systems range from simple volumetric pipettes to robotic aided liquid handling workstations with cloud-based software, all of which are meant to transfer required amounts of liquids in a variety of life science studies. Biological sample preparation and handling, serial dilution, cell-based assays, chemical and medication manufacture, genomic extraction, microarray spotting, next-generation gene sequencing, protein crystallization, and other applications use liquid handling systems.
Furthermore, these systems include essential instruments with a wide range of applications in clinical diagnostics, pharmaceutical, and biotechnological drug development. The Liquid Handling Systems Market reduces the risk of sample contamination, improves accuracy, and speeds up the experiment processing time. Furthermore, an increase in the number of experimental methods involving high throughput screening, in which liquid handling systems play an important role in analyte transfer, is projected to be a prominent factor driving market expansion.
The growth of the Liquid Handling Systems Market is likely to be aided by factors such as increased investments in research and technology, as well as increased usage of automation in life science laboratories. Robotic and other automated technologies are replacing human-driven lab operations to do the same jobs with improved precision, reproducibility, and sensitivity, as well as lower mistake risks. Furthermore, a number of startups are aiming to integrate biology-specific software with programming language-based handling in automated lab tasks. Transcriptic, a California-based start-up, produced a cloud-based lab service in 2012 that consisted of over 20 pieces of equipment, including pipetting systems and plate readers, that were combined to run large-scale experiments using a programming command.
In addition, pharmaceutical corporations are continually growing research and development and outsourcing research activities to academia and private research institutes, resulting in an increase in the number of new laboratory setups. As a result, Demand For Liquid Handling Systems Market rises, resulting in market expansion. For example, in September 2016, Biocon's contract research arm, Syngene International, opened the Syngene Amgen Research and Development Center in Bengaluru, which is a multidisciplinary development center and drug discovery research laboratory for Amgen (SARC). Advanced liquid handling workstations for medical settings, on the other hand, are out of reach for emerging nations and small-scale laboratories due to their high cost, which is a key impediment to market expansion.
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