Press release
Global Automated Liquid Handling Technologies Market Projected to Surpass $3.73 Billion by 2029 with 11.3% Annual Growth
Automated Liquid Handling Technologies Market Size
The market for automated liquid handling technologies has expanded swiftly in the recent past. The market, valued at $2.18 billion in 2024, is anticipated to grow to $2.43 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.6%. This impressive growth during the historical period is due to factors such as surging demand for high-throughput screening, augmentation in drug development investments, growing number of clinical trials, escalation in expenditure on diagnostic centers, and an ballooning pharmaceutical industry.
In the upcoming years, the automated liquid handling technologies market is anticipated to witness swift expansion, reaching a size of $3.73 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.3%. The enhanced growth in the forecast period can be linked to elements like the rising uptake of personalized medicine, escalating investments in research and development, the broadening scope of biotechnology and pharmaceutical sectors, higher demand for genomic analysis, and an upsurge in the use of pathbreaking automated liquid handling workstations. During the forecast period, key trends such as the integration of artificial intelligence and machine learning, heightened automation in lab processes, technological evolution, growing collaborations, and the creation of more intuitive and flexible liquid handling systems are expected to dominate.
What Are the Main Catalysts for Growth in the Automated Liquid Handling Technologies Market?
The growing incidence of chronic illnesses is anticipated to fuel the expansion of the automated liquid handling technologies market in the future. Chronic diseases are health conditions that persist for extended periods, typically three months or more, and the severity may escalate over time. Factors such as an aging population, unhealthy lifestyle habits, a lack of preventive strategies, and genetic predispositions contribute to chronic illness prevalence. Automated liquid handling technologies significantly improve the efficiency, precision, and repeatability of laboratory processes, greatly aiding in chronic disease research, diagnosis, and treatment advancements. For example, the American Cancer Society reported in January 2024, that cancer cases had increased by 2.19% to 2,001,140 from 1,958,310 in 2023. Similarly, data from the National Health Service (NHS England) in June 2024 revealed a surge of 18% in individuals identified as pre-diabetic in 2023, reaching 3,615,330 from 3,065,825 in 2022. Interestingly, cases increased by nearly 25% amongst individuals under 40, resulting to 216,440 from 173,166 in 2022. Consequently, the escalating prevalence of chronic diseases is predicted to stimulate the automated liquid handling technologies market's growth.
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Which Key Market Leaders Are Driving Automated Liquid Handling Technologies Industry Growth?
Major companies operating in the automated liquid handling technologies market are Tecan Trading AG, Thermo Fisher Scientific Inc., Danaher Corporation, Corning Incorporated, Agilent Technologies Inc., PerkinElmer Inc., Sartorius AG, Lonza Group Ltd., QIAGEN N.V., Eppendorf AG, METTLER TOLEDO, Hamilton Company, Beckman Coulter Inc., Biotix Inc., Opentrons, Formulatrix Inc., Analytik Jena AG, Gilson Inc., LABCYTE INC., BioTek Instruments Inc., Aurora Biomed Inc., Autogen Inc., Hudson Robotics, Andrew Alliance S.A., Brooks Life Sciences
What Are the Emerging Trends in the Automated Liquid Handling Technologies Industry?
Significant companies in the automated liquid handling technologies market are paving the way with groundbreaking innovations such as the genomics liquid handling platform. This specialized tool offers improved features for handling liquids in genomic applications. For example, in November 2023, SPT Labtech, a British biotechnology firm, introduced the Firefly all-in-one genomics liquid handling platform. This revolutionary device is aimed at streamlining the management of genomic liquids. The Firefly platform's primary purpose is to automate recurring liquid handling duties, substantially improving the volume and quality of data produced for NGS library preparation. The platform is tailored specifically for clinical labs, offering speedy setup, reduced downtime, versatility, and straightforward operation. These enhancements perfectly suit the strict requirements of regulated environments and the escalating complexity of LDTs.
What Are the Main Segments in the Automated Liquid Handling Technologies Market?
The automated liquid handling technologies market covered in this report is segmented -
1) By Product: Automated Liquid Handling Workstations, Reagents And Consumables
2) By Application: Drug Discovery And ADME-Tox Research, Cancer And Genomic Research, Bioprocessing Or Biotechnology, Other Applications
3) By End-User: Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Contract Research Organizations
Subsegments:
1) By Automated Liquid Handling Workstations: Multi-Channel Liquid Handlers, Single-Channel Liquid Handlers, Microplate Liquid Handlers, Robotic Liquid Handling Systems
2) By Reagents And Consumables: Pipette Tips, Reagent Reservoirs, Disposable Bottles And Tubes, Liquid Handling Plates
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Which Geographic Area Leads the Automated Liquid Handling Technologies Market?
North America was the largest region in the automated liquid handling technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated liquid handling technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automated Liquid Handling Technologies Global Market Report?
- Market Size Analysis: Analyze the Automated Liquid Handling Technologies Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automated Liquid Handling Technologies Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automated Liquid Handling Technologies Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automated Liquid Handling Technologies Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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