Global Liquid Handling Market 2017-2021

Overview of the global liquid handling market

According to the liquid handling market anlaysis, research analysts at Technavio predict that the global liquid handling market will grow steadily over the next four years and post a CAGR of almost 7% by 2021. This market research analysis identifies a rise in investment in R&D as one of the key factors which will drive the liquid handling market growth. Over the last decade, the initial investment in R&D witnessed a considerable rise with the major interest among the developing economies. The developing economies are showcasing a high initial investment in research facilities and institutes, especially in the field of biotechnology and pharmaceutical industries. With the countries moving toward innovations, the spending on research and development will further lead to an expansion of facilities in the fields such as clinical research, microbiology, and pharmaceutical research, thereby contributing to the growth of the liquid handling market size.

Along with the high investment in R&D, there has been a significant rise in drug discovery and development. Several diseases have been penetrating the society, to identify the solution to these harmful diseases, pharmaceutical companies and research institutes are engaging in frequent drug discovery. To conduct a detailed study, liquid handling systems are primarily used to formulate the biological molecules in the drug. This will in turn, propel the market for liquid handling system over the next four years.

Competitive landscape and key vendors