According to a new market research study titled ‘‘Liquid Handling Technology Market to 2027 – Global Analysis and Forecasts by Product, Type, Application, End User and Geography. The global liquid handling technology market is expected to reach US$ 5,705.63 Mn in 2027 from US$ 3,201.36 Mn in 2018. The market is estimated to grow with a CAGR of 6.7% from 2019-2027. The market is likely to grow due to increasing drug discovery activities, growing biopharmaceutical industry and rising research and development expenses. However, the market is expected to have slow growth due to the scarcity of skilled professionals during the forecast period.
Liquid handling technologies are used in the automation of chemical or biochemical laboratories. For these technologies, various systems are used that dispense a selected quantity of reagent, samples, or other liquid to a designated container. These systems are software integrated that allows the user to customize the liquid handling procedures and transfer volumes.
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Global liquid handling technology market is segmented on the basis of product, type, application and end user. The market based on product segment is classified as automated workstations, small devices and consumables. On the basis of type, the market is classified as automated liquid handling, manual liquid handling, and semi-automated liquid handling. Based on the application segment market is divided into drug discovery & ADME-Tox Research, cancer and genomic research, bioprocessing/biotechnology. Based on end user the market is categorized as pharmaceutical and biotechnology companies, contract research organization, academic and research institutes.
The prominent players in the liquid handling technology market have focused on various growth strategies to enroot their presence and garner significant market share across the globe. Some of the notable players in the global liquid handling technology market include Agilent Technologies, Inc., Aurora Biomed Inc., AutoGen, Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., Analytik Jena AG (Endress+Hauser Management AG), Corning Incorporated, Eppendorf, Formulatrix, Inc., and Gilson Incorporated among others. The major market players within recent years have been observed to invest a substantial amount towards the development of new products. This implies a vivid picture of the strategies adopted by the market players to retain their positions and generate increased growth revenue in the liquid handling technology market.
Recent Developments Done by Companies in Liquid Handling Technology, 2016-2019
- In September, 2019 – Eppendorf announced expanding of its production unit in Oldenburg. The company is initiating construction of units in second of 2020. The expansion of the production unit is expected to increase overall capacity of Eppendorf Polymere GmbH, a wholly owned subsidiary of Eppendorf AG.
- In October, 2018 – Gilson Incorporated has launched new version of Pink PIPETMAN L pipettes as part of charitable program that will benefit cancer research.
- In October, 2017 – Eppendorf India extended its training center its training center facility in Ambattur, Chennai. Training is offered in three competence areas of liquid handling, sample handling and cell handling. The centre is also equipped with laboratories for cell cultivation and Bioprocess applications.
- In 2016 – Formulatrix Inc. experienced growth in its sales due to increasing number of installation of its product. The company also upgraded its MANTIS and TEMPEST which experienced higher sales. More than 150 units were installed in 2016.