Global Liquid Handling Systems Market Is Anticipated To Witness High Growth Due To Rising Technological Advancements And Increasing Drug Innovation

 

Overview:

Automatic liquid handling systems have helped to reduce the errors and costs associated with handling laboratory samples. These systems help to increase throughput and reproducibility. They are also a great way to prevent the loss of future samples. Automated liquid handling systems are ideal for a variety of applications, including reagent and assay transfers from lab to lab, high throughput screening, and drug development. Various types of automated liquid handling equipment exist, ranging from motorized pipettes and syringes to shakers, centrifuges, and heating blocks. Each model has different functionality. Some are built-in with other lab devices, and others can be purchased as standalone machines. The main benefit of using automated liquid handling systems is increased accuracy. As, there is less risk of cross-contamination.

Market Dynamics:

Increasing product launches is anticipated to fuel growth of the global Liquid Handling Systems Market over the forecast period. For instance, a modular gantry robot platform for an automated liquid handling system was launched by Festo in February 2022. This system is used by equipment designers for realizing their distinctive solutions quickly. Moreover, slow economic growth and increasing prices is anticipated to hinder growth of the global liquid handling systems market over the forecast period. 

Impact of COVID-19:

The first case of COVID-19 was reported in 2019 and till 2020 it was transmitted to major countries around the world. The pandemic affected the economy and also directly affected product and supply of various products. Many strict measures were imposed in several regions, for avoiding the transmission of the disease. This disturbed many supply chains, hence leading to lack of raw materials in several manufacturing units. Production of various products was halted, owing to these regulations. This hampered the growth of many sectors. However, the global liquid handling systems market was grew significantly during the pandemic. This was due to rising demand in laboratories for carrying out sample analysis on a large number. As the number of COVID-19 patients were increasing the demand for liquid handling systems was also growing.

Key Takeaways:

The global liquid handling systems market is expected to witness high growth, exhibiting CAGR of XX% over the forecast period, due to increasing acquisitions. For instance, Apricot Designs was acquired by SPT Labtech in January 2021. This acquisition will help in expanding the range of liquid handling technologies of SPT. 

Asia Pacific region has witnessed significant growth in the global liquid handling systems market over the forecast period, owing to the growing expansion of the pharmaceutical sector.

Major players operating in the global liquid handling systems market are Mettler-Toledo International, Inc, Thermo Fisher Scientific Inc., QIAGEN N.V., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd, Danaher Corporation, Hudson Robotics, Danaher Corporation, BRAND GMBH + CO KG, Eppendorf AG, PRIMADAG SAS, PerkinElmer, Inc., and Tecan Group Ltd.