The Liquid Handling System Market Trends, valued at USD 4.71 billion in 2022, is projected to experience robust growth, reaching USD 7.92 billion by 2030, with a consistent compound annual growth rate (CAGR) of 6.7% from 2023 to 2030.
In the domain of liquid handling systems, this market exhibits substantial potential for expansion. Starting at USD 4.71 billion in 2022, it is anticipated to surge to USD 7.92 billion by 2030, maintaining a steady CAGR of 6.7% over the forecast period from 2023 to 2030.
The liquid handling system market is on track for significant growth, propelled by factors such as technological advancements, a growing demand for laboratory automation, and an increasing need for precise and efficient liquid handling processes. As the market evolves, it offers lucrative opportunities for industry players to capitalize on this upward trajectory.
With a valuation of USD 4.71 billion in 2022, the liquid handling system market is expected to undergo remarkable growth, reaching USD 7.92 billion by 2030. This growth is projected to occur at a consistent CAGR of 6.7% over the forecast period from 2023 to 2030. The expansion of the market can be attributed to various factors, including technological advancements, the rising demand for laboratory automation, and the growing need for precise and efficient liquid handling processes. Industry participants are well-positioned to leverage these opportunities and drive success in this dynamic market landscape.
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Key Market Segmentation
On the Basis of Product:
- Pipettes (Electronic, Manual, Semi-automated)
- Consumables
- Others
On the Basis of Application:
- High Throughput Screening (HTS)
- Genomics
- Drug Discovery
- Compound Weighing and Dissolution
- ADME Screening
- Others
On the Basis of End-User:
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Contract Research Organization
Key Players
Major players in the market include:
- Agilent Technologies
- Danaher Corporation
- Thermo Fisher Scientific, Inc.
- Eppendorf AG
- Tecan Group Ltd.
- Bio-Rad Laboratories
- Corning Incorporated
- Sartorius AG
- Hamilton Company
- Mettler-Toledo International Inc.
- Perkinelmer, Inc.
- Other Players
Driving Factors
Factors driving the market growth include:
- Growing interest in drug discovery and development
- Increased expenses on research and advancement, expanding interest for high result screening
- Rising examination and advancement activities for novel medication development and biotechnology research
Opportunities
Opportunities in the market include:
- Expanding interest in research and drug discovery, and funding subsidies for development
- Rising interest for high throughput screening
- Significant market development in the emerging pharma and biotech sector
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Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 Forces Model
... Continued