Global Automated Liquid Handling Market is Expected to Grow at a CAGR of 8.7% During the Forecast Period
According to the report published by Allied Market Research, the global automated liquid handling market garnered $585 million in 2016 and is projected to accrue a sum of $1,054 million by 2022, thereby growing at a CAGR of 8.7% from 2017 to 2023. The report offers information on the drivers, restraints, & opportunities, top investment pockets, market segments, market size & share, and the competitive landscape. These insights are helpful for market players, investors, stakeholders, and new entrants to gain major market share and international presence.
The report discusses the market dynamics including the drivers, restraints, and opportunities of the global automated liquid handling market in detail. Factors such as technological advancements associated with ALH systems, availability of improved and error-free ALH systems, and dearth of skilled professionals drive the growth of the market. However, laboratory budget constraints affect the procurement of ALH systems and complex operability of latest liquid handling systems hinder the growth of the market. Conversely, untapped potential of emerging markets and the development of miniaturized ALH systems offer significant growth opportunities to the market players.
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The report presents a detailed analysis of the segments of the automated liquid handling market. The market is classified into type, modality, procedure, end user, and geography. Based on type, the study is bifurcated into standalone, individual benchtop workstation, multi-instrument system, and others. The modality segment is divided into disposable tips and fixed tips. Based on procedure, the report is segmented into serial dilution, plate reformatting, plate replication, PCR setup, high-throughput screening, cell culture, whole genome amplification, and array printing. The end user segment is bifurcated into biotechnology & pharmaceutical companies, contract research organizations, and academic & government research institutes. Regionally, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA.
A broad analysis of the players operating in the automated liquid handling market is also offered in the study. Details such as their overview, their business segments under operation, key strategic moves and developments, and more are explained. The companies profiled in the report include Tecan Group Ltd., Corning Incorporated, Hamilton Company, Agilent Technologies, Mettler-Toledo International Inc., PerkinElmer Inc., Thermo Fisher Scientific, Inc., Danaher Corporation, Aurora Biomed, and Eppendorf Ag.
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Key Findings of the Automated Liquid Handling (ALH) Market:
- The fixed tip modality segment is anticipated to grow at the highest CAGR from 2017 to 2023.
- The biotechnology and pharmaceuticals company end user segment generated the highest revenue in 2016, and is expected to continue its dominance in the near future.
- North America dominated the global ALH market, and is projected to grow at a CAGR of 7.3% from 2017 to 2023.
- Asia-Pacific is expected to witness the highest growth rate during the forecast period.
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