Liquid Handling Technology Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Liquid Handling Technology market size is expected to be worth around US$ 7.54 billion by 2030, according to a new report by Vision Research Reports.

The global Liquid Handling Technology market size was valued at US$ 3.88 billion in 2020 and is anticipated to grow at a CAGR of 8.10% during forecast period 2021 to 2030.

Growth Factors

Major pharmaceutical and biopharmaceutical companies are rapidly integrating robotic solutions including automated liquid handling workstations to enhance their workflows, which in turn, is expected to drive the market growth in the coming years.

The investment by pharmaceutical companies in global drug development continues to increase. Clinical trials for the robust drug pipelines of these companies is projected to further increase the investments in R&D. These pharma players are competing to sustain the growing competition in the pharmaceutical industry. As a result, companies are more focused on eliminating errors, reducing processing steps, and fulfilling standard regulatory conditions to accelerate their workflows. As advanced liquid handling platforms provide all these benefits, demand for automated liquid handling workstations is expected to increase significantly during the forecast period.

Technology advancements in liquid handling solutions has led to the development of liquid handling systems that perform serial dilution, plate replication, PCR set-up, plate reformatting, and high-throughput screening more efficiently. Emerging fields such as genetics, epigenetics, and single cell analysis are identified with high potential applications in drug discovery, cancer research, and molecular diagnostics. Rising research activities in aforementioned domains are expected to foster advancements in this market.

Report Highlights

Products offered by the companies include automated workstations, small devices, and consumables. Automated workstations are projected to grow at the fastest CAGR owing to the rapid trend of automation in the pharma-biotech industry.

The companies are developing novel automated workstations using innovative technologies such as acoustic energy and Digital Microfluidics (DMF) as a result of the growing demand for automated solutions amongst research communities. This, in turn, is anticipated to contribute to the lucrative growth of this segment.

Although workstations and small devices are expensive, they account for a one-time, long-term investment for the user. Small devices segment incorporates handheld manual & electronic pipettes, burettes, pipette controllers, and few semi-automated systems. Consumables accounted for the largest revenue share owing to the high volume requirement of sample input coupled with frequent usage of consumables resulting in the repetitive purchase of products. This frequent purchase increases the expense for the laboratory professionals, which in turn, boosts revenue generation through this segment.

Automated, semi-automated, and manual solutions are the various type of liquid handling solutions currently available in the market. The introduction of novel genetic tools such as CRISPR & NGS has spurred the demand for automated platforms, as these tools have resulted in a rapid rise in the number of ongoing genetic research activities.

Currently, a substantial number of automated and semi-automated workstations are available in the market for usage across small to large scale research laboratories for various sample handling requirements. These workstations can be used in various liquid handling steps for different workflows such as PCR reaction, serial dilution, plate replication, and plate reformatting.

Furthermore, the high cost of fully automated systems and the increasing necessity of liquid handling solutions to accelerate research workflow are the two factors that are expected to drive the adoption of semi-automated systems. The demand for automation in repetitive steps such as sampling and liquid dispensing is expected to positively influence the uptake of semi-automated systems.

Microvolume liquid handling technologies have been underdeveloped in the past years. However, with an increase in number as well as the complexity of molecular biology research activities, there are ongoing developments for manufacturing liquid handling technologies for sample handling. Rising trends of high-throughput technologies and laboratory automation have fueled demand for liquid dispensing in various clinical workflows such as DNA sequencing, drug screening, and protein crystallization processes.

Earlier, liquid handlers were not used in the quality control processes during drug discovery and development due to the absence of protocols that can validate their performance. The introduction of novel liquid handling solutions has effectively addressed this challenge as the novel solutions can be assessed rapidly for their accuracy & specificity in sample transfer.

Liquid Handling Quality Assurance (LHQA) programs are designed to enable the implementation of these systems in various processes of drug development from compound preparation to clinical trials. The LHQA ensures process quality and reduces the overall cost & time of drug discovery, thereby contributing to the largest revenue share of the drug discovery & ADME-Tox in 2020.

Implementation of automated solutions has improved the reproducibility & quality of research programs in the life science industry. Emerging economies, such as China and India, are reported to invest heavily in the establishment and development of academic institutes and research facilities for genetic and stem cell studies. Moreover, these economies are also receiving funds from the state and central government.

Large universities & research institutes are recognized as the key contributors for the growth of academic & research institutes segment owing to the substantial number of ongoing PCR and microarray-based research activities at universities and research institutes. In addition to this, many biotech and pharma companies are observed to adopt automation in various processes.

The contract research organizations are expected to witness the fastest growth as a consequence of the rise in penetration of outsourcing of drug manufacturing processes. Moreover, the CROs are witnessing pressure concerning productivity and timelines, which in turn, is expected to positively impact the adoption of liquid handling solutions by CROs shortly.

North America dominated the market with the largest revenue share in 2020 owing to the rapid adoption of automation instruments in the U.S.-based research facilities. The major companies in the region are observed collaborating with well-established universities and research centers in Europe. This collaboration is the result of the presence of a substantial number of academic and research institutes in Europe.

However, emerging countries are witnessing notable developments in the pharmaceutical, biotechnology, and academic sectors, which in turn, is expected to drive the growth of the Asia Pacific market. Furthermore, high investment in life science sectors including omics research, advanced healthcare, microbiology, drug development, and clinical diagnostics by countries such as Japan and China is anticipated to accelerate market demand in this region.

Key Players

Tecan Trading AG, LABCYTE INC., Hamilton Company, Gilson, Inc, Eppendorf AG, Labnet International, Inc., Borosil Glass Works Ltd., BioTek Instruments, Inc., Analytik Jena AG, Beckman Coulter, Inc., Aurora Biomed Inc., and Agilent Technologies.

Market Segmentation

  • Product Outlook 

    • Automated Workstations

      • Standalone Workstations

      • Integrated Workstations

    • Small Devices

      • Pipettes

        • Electronic Pipettes

        • Manual Pipettes

        • Pipette Controllers

      • Burettes

      • Dispensers

      • Others

    • Consumables

      • Regents

      • Disposable Tips

      • Tubes & Plates

      • Others

  • Type Outlook 

    • Automated Liquid Handling

    • Manual Liquid Handling

    • Semi-Automated Liquid Handling

  • Application Outlook 

    • Drug Discovery & ADME-Tox Research

    • Cancer & Genomic Research

    • Bioprocessing/Biotechnology

    • Others

  • End-User Outlook 

    • Academic & Research Institutes

    • Pharmaceutical & Biotechnology Companies

    • Contract Research Organizations

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

    • The Middle East and Africa (MEA)

      • South Africa

The Liquid Handling Technology market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Liquid Handling Technology market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Liquid Handling Technology market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Liquid Handling Technology market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Liquid Handling Technology market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Liquid Handling Technology capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Liquid Handling Technology by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Liquid Handling Technology market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Liquid Handling Technology market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Liquid Handling Technology market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Liquid Handling Technology industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Liquid Handling Technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Liquid Handling Technology market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Liquid Handling Technology market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Liquid Handling Technology market. These factors have benefited the growth of the global market for Liquid Handling Technology. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Liquid Handling Technology. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Liquid Handling Technology are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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