The global liquid handling systems market covers instruments used for transferring liquids with high comfort, accuracy, and precision. This market is expected to reach USD 3.74 billion by 2022 from USD 2.65 billion in 2017, at a CAGR of 7.2% during the forecast period.
Globally, the liquid handling systems market is witnessing growth due to factors such as the rapid growth in biotechnology and pharmaceutical industries, increasing demand for high-throughput screening (HTS), rising focus on data precision and accuracy, and technological innovations.
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Based on products, the liquid handling systems market is segmented into pipettes, burettes, consumables, microplate reagent dispensers, microplate washers, liquid handling workstations, software, and other products. The liquid handling workstations segment is expected to dominate the global liquid handling systems market throughout the forecast period. Their suitability across different applications like genomics, clinical diagnostics, and proteomics; cost-effectiveness, and, efficient performance are key drivers for this market segment.
The liquid handling systems market has been segmented based on applications into drug discovery, clinical diagnostics, genomics, proteomics, and other applications (serial dilutions, titrations, and tube/well auditing). Genomics is the fastest growing application in the market. Rapid growth in the genomics sector requiring liquid handling systems to carry out all processes for precise and accurate dispensing of liquids is fueling the growth of the market.
By end user, the liquid handling systems market is segmented into biotechnology and pharmaceutical companies, research institutes, hospitals and diagnostic laboratories, academic institutes, and other end users. The biotechnology and pharmaceutical companies segment accounted for the largest share and is projected to grow at a higher rate as compared to the other segments. Increasing investments in biopharma companies, rising research activities, and growth in the biotechnology and pharmaceutical industries are the major drivers for market growth in this end user segment.
The liquid handling systems market is classified based on regions into North America, Europe, Asia and Rest of the World (RoW). Asia is expected to have the fastest growth rate due to the improving life sciences research infrastructure in emerging economies and growing government investments to promote research activities.
Given the immense opportunities in developing liquid handling systems for major applications like drug discovery and genomics, and their extensive use in the biopharmaceutical industry, market leaders and emerging players are increasingly focusing on the market in the segments mentioned above to increase their revenues and are also looking to expand their reach to emerging economies.