Automated Liquid Handling Systems Market Is Estimated To Exhibit Strong Growth Owing To Increased Adoption In Drug Discovery And Clinical Diagnostics
Automated liquid handling systems are robotic systems that can automatically pipette, dilute, transfer and dispense liquids with a high degree of precision, speed and accuracy. These systems are used across various end-use industries including healthcare, oil & gas, food & beverages testing, chemistry and academic & research institutions for purposes like genomics, proteomics, drug discovery, analytical chemistry and clinical diagnostics. The global automated liquid handling systems market is gaining traction due to rising demand for miniaturization and need to increase process efficiency in labs.
The global automated liquid handling systems Market is estimated to be valued at US$ 4.63 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The increasing adoption of automated liquid handling systems in drug discovery and clinical diagnostics is one of the major drivers of this market. Such systems help accelerate research activities by performing repetitive tasks and minimizing manual errors. Additionally, automated liquid handlers offer increased reproducibility and precision compared to manual methods. This has boosted their adoption across biotech and pharma industries. Further, the growing demand for high-throughput screening for drugs is also expected to propel the automated liquid handling systems market growth over the forecast period.
SWOT Analysis
Strength: Automated liquid handling systems allow for improved precision, accuracy and reproducibility in laboratory operations compared to manual pipetting. These systems offer consistency in fluid dispensing and minimize human errors. They enhance productivity by automating repetitive liquid handling tasks.
Weakness: High initial investment costs associated with automated liquid handling systems makes them unsuitable for smaller labs and research facilities with limited budgets. Upgrading and maintenance of these systems also requires additional expenditure.
Opportunity: Growing demand for miniaturized and high-throughput screening in drug discovery and life sciences is boosting the automated liquid handling systems market. Expanding biotechnology and pharmaceutical industries also present new opportunities.
Threats: Concerns regarding accuracy and calibration of low-cost automated liquid handling systems pose a threat. Intense competition among manufacturers exerts pricing pressure and limits profit margins.
Key Takeaways
The Global Automated Liquid Handling Systems Market Size is expected to witness high growth between 2023-2030 at a CAGR of over 8%.
Regional analysis: The APAC automated liquid handling systems market is projected to expand rapidly owing to growing government focus on healthcare modernization programs. China dominates the regional market and represents over 35% of the total APAC market revenues. India is gradually emerging as a major hub for life sciences R&D activities with rising foreign investments, presenting lucrative opportunities.
Key players operating in the automated liquid handling systems market are Ingersoll Machine Tools Inc., Automated Dynamics, M.Torres Industrial Designs, SAU, Electroimpact Inc., MIKROSAM, Accudyne Systems, Inc., Fives, and Coriolis Composites. They are focusing on product innovations, mergers & acquisitions and expanding presence in emerging Asian countries to strengthen competitive positions.
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