Liquid Handling System market was valued at US$ 3996 million in 2022 and is anticipated to reach US$ 4970.4 million by 2029, witnessing a CAGR of 3.1% - Valuates reports

The global Liquid Handling System market was valued at US$ 3996 million in 2022 and is anticipated to reach US$ 4970.4 million by 2029, witnessing a CAGR of 3.1% during the forecast period 2023-2029.

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Liquid Handling System Market Trends
The pharmaceutical and biotechnology industries' explosive growth and expansion, the rising R&D costs of biopharmaceutical businesses, the quick adoption of automation in labs, and the rising demand for high-throughput screening all contribute to the Liquid Handling System market expansion. Additionally, expanding genomics and proteomics research as well as developing economies are anticipated to offer this market significant growth opportunities.

The expensive cost of automated liquid handling systems, however, is significantly limiting this Liquid Handling System market expansion. The main obstacles to the expansion of this market include the slow adoption of automation among small and medium-sized laboratories and the increased training needed by laboratory staff to operate automated robotic liquid handling workstations.

During the epidemic, there was a sharp increase in the need for liquid-handling devices. It was critical to quickly analyze a significant number of viral samples. As a result, there was an increase in the need for laboratories to do high-throughput and extensive testing. The rush to create new COVID-19 vaccinations also increased demand for sophisticated automated liquid handling equipment. The Liquid Handling System market was thus temporarily negatively impacted by the epidemic but ultimately saw increased demand.

Liquid Handling System Market Analysis
Thermo Fisher Scientific, Mettler-Toledo, Eppendorf, Sartorius, Corning, and other leading companies are involved in Global Liquid Handling Systems. Over 20% of the market is held by the top five manufacturers globally.

With a market share of roughly 40%, the United States leads China and Europe, which each have about 40% of the market.

The largest product segment, with a share of close to 60%, is consumables. And when it comes to application, pharmaceutical and biotechnology companies, followed by academic and research institutes, etc., are the most common.

Key Segmentations
By Company
-Thermo Fisher Scientific
-Eppendorf
-Mettler-Toledo
--Tecan
-Sartorius
-PerkinElmer
-Corning
-Danaher
-Gilson
-Agilent
-Integra Holding
-Brand GmbH + Co Kg
-Hamilton Company
-BioTek Instruments
-Ttp Labtech Ltd
-Labcyte
-Analytik Jena

Segment by Type
-Automated Pi Systems
-Manual Pipettes Systems
-Electronic Pipettes Systems

Segment by Application
-Academic & Research Institutes
-Pharmaceutical & Biotechnology Companies

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