Liquid Handling Technology Market Analysis and Forecast 2027

The liquid handling technology market was valued at US$ 3,201.36 million in 2018 and it is projected to reach US$ 5,705.63 million in 2027; it is expected to grow at a CAGR of 6.7% from 2019 to 2027.

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. The growth of the global liquid handling technology market is attributed to the increasing drug discovery activities, growing biopharmaceutical industry and rising research and development expenses. However, scarcity of skilled professionals is the major factor hindering the market growth.

The global liquid handling technology market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.

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Liquid Handling Technology Market: Strategic Insights

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Market Insights

Increasinsg Drug Discovery Activities to Drive Global Liquid Handling Technology Market Growth

The increase in the incidences of infectious diseases and chronic diseases such as cancer is raising demand for efficient drugs. The demand is driving for an efficient drug that can treat diseases at a faster pace. Also, demand is created for precision medicine. The rising incidences of cancers and research activities are expected to increase drug development activities across the world.

Drug development is a complicated procedure that requires a long duration and is an expensive procedure integrated with a high degree of improbability that a drug will succeed. Therefore, the development and integration of medical devices and information technologies have enabled innovation of automated equipment. The developments have allowed to speed up the drug discovery processes. For instance, High Throughput Screening (HTS) is a technology used in drug discovery for the screening of a large number of compounds with a biological target. The techniques allow to screen and analyze a large volume of samples efficiently in less time. The HTS allows precise dispensing of the large and micro volumes of reagents in liquids.

Drug discovery aims to relate the operation of a liquid to its chemical structure and therefore is used to identify more active compounds. At present, research application in the field of healthcare requires more of the pharmaceutical and biological components to developing a drug. Therefore, in the developmental process, approximately 5,000–10,000 liquid chemicals and biological samples are required to undergo laboratory screening for each new drug approved. Among the screened compounds that are screened, nearly 250 enters preclinical testing, and 5 begins a clinical trial. The overall process from discovery to the marketing of a drug takes around 10 to 15 years.

Also, across the world, pharmaceutical, biopharmaceutical, biotechnology, and life science research industries are growing exponentially. For instance, North America has the largest pharmaceutical and biopharmaceutical industry, whereas the Asia Pacific is the fastest-growing region for the pharmaceutical and biopharmaceutical industry. Furthermore, research and development activities are rising across the world for the healthcare industry. Thus, such rising drug discovery activity is expected to create a demand for liquid handling technology across the world. Hence, the market is expected to grow significantly during the forecast period.

Product -Based Insights

In terms of product, the global liquid handling technology market is segmented into automated workstation, small devices and consumables. In 2018, the consumables segment held largest share of the market. Also, the same segment is estimated to register the highest CAGR during the forecast period.

Type-Based Insights

Based on type, the global liquid handling technology market is segmented into automated liquid handling, manual liquid handling and semi-automated liquid handling. The semi-automated liquid handling segment held the largest market share in 2018. However, the automated liquid handling segment is estimated to grow at the highest CAGR during the forecast period.

Application-Based Insights

In terms of application, the global liquid handling technology market is segmented into drug discovery and ADME- Tox research, cancer and genomic research, bioprocessing/biotechnology. In 2018, the drug discovery and ADME-Tox research segment held largest share of the market. However, the cancer and genomic research segment is expected to register the highest CAGR during the forecast period.

Liquid Handling Technology Market Regional Insights

The regional trends and factors influencing the Liquid Handling Technology Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Liquid Handling Technology Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Liquid Handling Technology Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Liquid Handling Technology Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Liquid Handling Technology Market are:

1. Agilent Technologies, Inc.
2. Aurora Biomed Inc.
3. AutoGen, Inc.
4. Danaher Corporation
5. Bio-Rad Laboratories, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

End User-Based Insights

In terms of end user, the global liquid handling technology market is segmented into pharmaceutical and biotechnology companies, contract research organization (CRO) and academic and research institutes. The pharmaceutical and biotechnology companies segment held the largest share of the market in 2018. In contrast, the contract research organization (CRO) segment is estimated to grow at the fastest rate during the forecast period.

The global liquid handling technology market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

Global Liquid Handling Technology Market – by Product

• Automated Workstations
• Small Devices

• Pipettes
• Dispensers
• Burettes
• Others

• Consumables

• Reagents
• Disposable Tips
• Tubes and Plates
• Others

Global Liquid Handling Technology Market – by Type

• Automated Liquid Handling
• Manual Liquid Handling
• Semi-Automated Liquid Handling

Global Liquid Handling Technology Market – by Application

• Drug Discovery and ADME-Tox Research
• Cancer and Genomic Research
• Bioprocessing/Biotechnology

Global Liquid Handling Technology Market – by End- User

• Pharmaceutical and Biotechnology Companies
• Contract Research Organization (CRO)
• Academic and Research Institutes

Global Liquid Handling Technology Market – by Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Spain
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC

• Middle East & Africa (MEA)

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

• South America and Central America (SCAM)

  • Brazil
  • Argentina
  • Rest of SCAM

Company Profiles

• Agilent Technologies, Inc.
• Aurora Biomed Inc.
• Autogen Inc.
• Danaher (Beckman Coulter, Inc.)
• Bio-Rad Laboratories, Inc.
• Analytik Jena AG
• Corning Incorporated
• Eppendorf
• Formulatrix, Inc
• Gilson Incorporated