According to The Insight Partners market research study titled ‘Liquid Handling Technology Market to 2027 – Global Analysis and Forecasts by Product, Type, Application, End-User and Geography. The global liquid handling technology market is expected to reach US$ 5,705.63 Mn in 2027 from US$ 3,201.36 Mn in 2018. The market is estimated to grow with a CAGR of 6.7% from 2019-2027. The report highlights the trends prevalent in the global liquid handling technology market and the factors driving the market along with those that act as challenges to its growth.
The global liquid handling technology market was segmented by product, type, application, and end-user. The market based on product segment is classified as automated workstations, small devices, consumables. On the basis of type, the market is classified as automated liquid handling, manual liquid handling, semi-automated liquid handling. Based on the application segment market is divided into drug discovery & ADME-Tox Research, cancer and genomic research, bioprocessing/biotechnology. Based on end-user the market is categorized as pharmaceutical and biotechnology companies, contract research organizations, academic and research institutes.
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The market for liquid handling technology is expected to grow significantly due to factors such as increasing drug discovery activities, growing biopharmaceutical industry, and rising research and development expenses. Whereas, the market is expected to have slow growth due to the scarcity of skilled professionals during the forecast period.
The major players operating in the liquid handling technology market include Agilent Technologies, Inc., Aurora Biomed Inc., AutoGen, Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., Analytik Jena AG (Endress+Hauser Management AG), Corning Incorporated, Eppendorf, Formulatrix, Inc., and Gilson Incorporated among others. The market has carried out various organic growth strategies in the market. The organic strategies were conducted majorly and the strategies have assisted in strengthening their product offering and position in the global liquid handling technology market.
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Liquid Handling Technology – MARKET SEGMENTATION
Global Liquid Handling Technology Market – By Product
Global Liquid Handling Technology Market – By Type
Global Liquid Handling Technology Market – By Application
Global Liquid Handling Technology Market – By End User
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