The liquid handling technology market in the Asia Pacific region is largely held by countries such as China, Japan, Australia, and South Korea. The market for the liquid handling technology market is anticipated to be held majorly by China. The Chinese market is expected to grow due to the rapidly growing pharmaceutical industry, high potential to recruitment professionals in the industry, and others. The market is estimated to grow at a rapid rate in India due to the rising biotechnology and pharmaceutical industry. Also, the country has growing drug manufacturing facilities across the nation. Whereas Japan is experiencing rising developments in the field of clinical trial logistics, which is expected to drive the growth of liquid handling technology. Whereas, the market in South Korea and Australia is expected to grow due to the rising number of pharmaceutical companies and rising numbers of clinical trials respectively.
The global liquid handling technology market accounted to US$ 3,201.36 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 5,705.63 Mn by 2027.
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- Agilent Technologies, Inc.
- Aurora Biomed Inc.
- AutoGen, Inc.
- Danaher Corporation
- Bio-Rad Laboratories, Inc.
- Analytik Jena AG (Endress+Hauser Management AG)
- Corning Incorporated
- Formulatrix, Inc.
- Gilson Incorporatedamong
The global liquid handling technology market by product segments was led by consumables. In 2018, the consumables accounted for the largest market share in the global liquid handling technology market. The growth of the consumables segment is expected to grow due to rising numbers of clinical trials, growing clinical research, and expanding technologies in the field of diagnostics. Also, exponentially growing drug development is likely to demand more of the consumables. Thus it is expected that the market is expected to grow significantly and at a faster growth rate during the forecast period.
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.
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.
Liquid Handling Technology – MARKET SEGMENTATION
Global Liquid Handling Technology Market – By Product
- Automated Workstations
- Small Devices
- Disposable Tips
- Tubes and Plates
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
Global Liquid Handling Technology Market – By End User
- Pharmaceutical and Biotechnology Companies
- Contract Research Organization (CRO)
- Academic and Research Institutes
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