The global liquid handling technology market is forecasted to reach USD 6,323.9 Million by 2027, according to a new report by Reports and Data.
The global liquid handling technology market is forecasted to reach USD 6,323.9 Million by 2027, according to a new report by Reports and Data. The liquid handling technology market is observing rapid growth attributed to its increasing application in the drug discovery process. Quality control using liquid handling technology is crucial in compound preparation & management, due to the introduction of variability by compound volume errors in assays, even if it is the most robust one. During the early phase of compound preparation, it is essential that liquid-based solution volumes must be correct for precise analysis at a later stage. Identification and correction for liquid handling error at the early stage in the drug discovery process lead to saving time, resources, and money.
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Automated liquid handlers find usage in running drug compounds through ADMET assays that are beneficial in assessing absorption, distribution, metabolism, excretion, and toxicity characteristics. ADMET testing provides in-depth know-how about the drug interaction with the human body, and this data profile is vital in the decision-making process to carry out or stop any further development.
Further key findings from the report suggest
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- The gradually smaller group of drug compounds moving through each drug discovery process stage causes liquid handling error very costly and, in turn, drives the demand for liquid handling technology.
- In genomics research laboratories, the preparation of the sample is the experiment’s bottleneck, predominantly when it comes to high-throughput NGS. Thus, an increasing number of genomics laboratories are adopting liquid-handling automation to achieve an efficient and economical sequencing workflow.
- Manual liquid handling technology such as hand pipetting is considered fast in small applications when carried out by a skilled professional. Although, manual liquid handling technology is easy and direct, it does present risks associated with technician-to-technician variability.
- Europe contributed to the second-largest market share in 2019, due to the increasing R&D activities in the drug discovery process and the pharmaceutical sector’s growth.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
AutoGen Inc., Bio-Rad Laboratories, Analytik Jena AG, Aurora Biomed Inc., Biotek Instruments Inc., Corning Inc., Formulatrix Inc., Agilent Technologies, Danaher Corporation, and Lonza Group AG, among others.
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Liquid Handling Technology Market Segmentation:
Product Type Outlook (Revenue, USD Million; 2017-2027)
- Automated Liquid Handling
- Semi-Automated Liquid Handling
- Manual Liquid Handling
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Discovery
- ADMET Research
- Cancer & Genomic Research
- Bioprocessing
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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