May 2024 | Report Format: Electronic (PDF)
Liquid Handling Technology Market Growth & Trends
The global liquid handling technology market size was estimated at USD 9.63 billion in 2030 and is projected to grow at a compound annual growth rate (CAGR) of 8.76% from 2024 to 2030. The market is experiencing rapid growth, primarily driven by the rise in assays being performed for various research purposes, such as target screening, which has significantly boosted the demand for liquid handling technologies. In recent years, the market has demonstrated substantial expansion potential due to the growth of the pharmaceutical and biotechnology industries, particularly in the R&D sector, and the growth of life science research. Manufacturers have developed workstations utilizing various technologies to dispense droplets from the dispensing tool, overcoming surface adhesion. These technologies encompass ultrasound, piezoelectric, and solenoid mechanisms. For instance, LABCYTE Inc. employs Echo acoustic liquid handling technology in its products, offering non-contact dispensing capabilities.
In addition, effective miniaturization of assay platforms reduces workflow expenses, leading to reduced usage of costly reagents. These miniaturized platforms are designed for highly precise liquid handling in processes, such as plate washing, bulk dispensing, and liquid transfer. The outbreak of COVID-19 resulted in a significant increase in the demand for diagnostic testing, vaccine development, and virus-related research. As a result, the need for liquid handling solutions, such as automated liquid handlers, pipettes, and dispensers,increased. These technologies proved to be essential for efficient and precise sample processing, particularly during the pandemic. The urgent requirement for COVID-19 diagnostics, treatments, and vaccines accelerated research and development efforts. Liquid handling technologies played a crucial role in automating and streamlining laboratory workflows, empowering scientists to efficiently process a large volume of samples and conduct experiments with enhanced efficiency.
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Liquid Handling Technology Market Report
Liquid Handling Technology Market Report Highlights
- The consumables product segment dominated the market in 2022 owing to high usage in laboratories
- The semi-automated liquid handling type segment held the largest share of 41.40% in 2022 due to its higher accuracy and cost-effectiveness compared to fully automated systems
- The drug discovery & ADME-Tox research application segment held the largest share of 37.86% in 2022 playing a crucial role in advancing the development of new drugs
- The academic & research institutes end-use segment accounted for the largest share of 41.49% in 2022 driven by academic and research institutes’ involvement in life science experiments, especially those involving gene sequencing and antibody testing
- North America established a strong regional position, capturing a 40% share of the overall revenue in 2022 primarily due to the well-established distribution network of major market players and the rapid adoption of advanced automation solutions
List of Key Players in Liquid Handling Technology Market
- Thermo Fisher Scientific, Inc.
- Agilent Technologies, Inc
- Danaher Corporation
- Gilson, Inc
- PerkinElmer
- Tecan Group Ltd.
- Hamilton Company
- Eppendorf SE.
