by Automated liquid handling systems are laboratory instruments that are used to accurately pipette, mix, dilute or distribute liquids. They help researchers and clinicians perform repetitive tasks and reduce manual errors associated with liquid handling. Automated systems improve reproducibility and throughput in life science research and clinical diagnostics.
The global Automated Liquid Handling Systems Market is estimated to be valued at US$ 4.63 Billion in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the automated liquid handling systems market is the adoption of miniaturized liquid handlers. Miniaturized systems are gaining popularity owing to advantages such as reduced reagent consumption, higher throughput screening and portability. They are suitable for applications involving limited sample volumes like point-of-care testing and microfluidics-based diagnostics. Many players are focusing on developing small footprint automated systems to expand their presence in emerging applications.
SWOT Analysis
Strength: Automated liquid handling reduces errors, increases productivity and efficiency. It provides high accuracy and precision in pipetting actions.
Weakness: High initial investment costs associated with automated liquid handling systems. Requires specialized equipment and training for operation and maintenance.
Opportunity: Increasing R&D expenditure in pharmaceutical and biotechnology industries. Growing demand for miniaturization and automation in laboratories.
Threats: Availability of cheaper and open-source alternatives. Technological changes can render existing systems obsolete quickly.
Key Takeaways
Global Automated Liquid Handling Systems Market Demand is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing demand for miniaturization and automation in laboratories.
North America dominated the global market in 2022 owing to presence of large number of pharmaceutical and biotechnology companies in the region leading to increasing adoption of automated liquid handling systems. Asia Pacific is expected to register fastest growth over the next few years driven by growing biotech and healthcare industries especially in China and India.
Key players operating in the automated liquid handling systems market include Agilent Technologies, Bio-Rad Laboratories, Corning Incorporated, Labcyte Inc., and Perkin Elmer Inc. Major players are focusing on new product launches with advanced capabilities and expanded applications to strengthen their market position. In January 2023, Agilent Technologies launched its new automated liquid handling system – Genesis R+ that automates tedious liquid handling tasks and improves workflow productivity.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
