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The automated liquid handlers market share is projected to increase to USD 242.84 million from 2021 to 2026, at an accelerating CAGR of 5.95%.
This automated liquid handlers market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automated liquid handlers market segmentation by end-user (pharmaceutical and biotechnology industry, clinical and reference laboratories, and others) and geography (North America, Europe, Asia, and Rest of World (ROW)).
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The automated liquid handlers market report also offers information on several market vendors, including Agilent Technologies Inc., Aurora Biomed Inc., Becton Dickinson and Co., Brooks Automation Inc., Corning Inc., Danaher Corp., Endress Hauser Group Services AG, Eppendorf AG, Formulatrix Inc., Gilson Inc., Greiner Bio-One International GmbH, Hamilton Bonaduz AG, Hudson Robotics Inc., Lonza Group Ltd., Mettler Toledo International Inc., PerkinElmer Inc., QIAGEN NV, Synchron Lab Automation, Tecan Group Ltd., and Thermo Fisher Scientific Inc. among others.
The increasing investments in drug discovery is notably driving the automated liquid handlers market growth, although factors such as limited number of trained staff may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automated liquid handlers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automated Liquid Handlers Market Driver
One of the key factors driving the global automated liquid handlers industry growth is the increasing investments in drug discovery. Pharmaceutical and biotechnology companies are expanding their R&D efforts to identify new drugs in response to the rising prevalence of chronic diseases and the growing demand for personalized medicine. Most drug discovery methods begin with the identification of a protein target, which necessitates the determination of the protein 3D structure. This is done to learn about the properties of the protein, how it behaves in the human body, and how it reacts to the medicine. This procedure necessitates the use of automated liquid handlers to store and transport huge amounts of molecular samples. According to the CDC, in the US, each year, more than 1.5 million people are diagnosed with cancer. By 2040, the number of new cancer cases per year is expected to rise to 29.5 million, and the number of cancer-related deaths might rise to 16.4 million. The increasing number of patients with chronic diseases will encourage the vendors to invest in R&D which will drive the market growth during the forecast period.
Key Automated Liquid Handlers Market Trend
Increasing product launches by key players is one of the key automated liquid handlers market trends that is expected to impact the industry positively in the forecast period. A few of such product launches are given below:
Key Automated Liquid Handlers Market Challenge
One of the key challenges to the global automated liquid handlers industry growth is the limited number of trained staff. Most critical diagnostic tests are performed in laboratories by highly skilled staff. With automated liquid handlers, if wrong input is provided, it could hamper the outcome of the data, which could affect diagnosis. The lack of expertise increases the probability of the wrong diagnosis. In addition, in the coming years, the Department of Labor and Statistics predicts a shortage of more than 150,000 clinical laboratory scientists, which will be worsened by a wave of retirements that would see many highly qualified professionals leave the workforce. Around 5,000 American lab professionals enter the labor pool each year, which is less than half of the 12,000 workers needed to meet the rising demand for their services. Such factors may limit the market growth during the forecast period.
This automated liquid handlers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automated liquid handlers market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automated liquid handlers market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automated liquid handlers market encompasses successful business strategies deployed by the key vendors. The automated liquid handlers market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automated liquid handlers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automated liquid handlers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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