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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.
The liquid handling market is highly diversified with the presence of both international and regional vendors. The market is facing intense competition with the presence of small and large vendors offering innovations in technology. However, it becomes difficult for the regional vendors to compete with the international vendors in terms of quality, pricing, market reach, and financial resources. With the increase in product innovation and robust mergers and acquisitions, the market’s competitive environment is likely to intensify. To retain their respective position in the market, international players have started acquiring the regional and local players.
The leading vendors in the market are –
The other prominent vendors in the market are Accel Biotech, Andrew Alliance, BioTek, BRAND, Beckman Coulter (Danaher), Alpaqua Engineering, Analytik Jena US, Dynex Technologies, Eppendorf, Fluotics, Formulatrix, and Hamilton.
Owing to the rise in the chronic illness, the pharmaceutical industry is projecting a major share in the liquid handling market. The rising illness is directly contributing to the demand for molecules, drugs, APIs, and other pharmaceutical products, thereby driving the liquid handling market’s growth. Additionally, rapid technological advances coupled with an increase in research activities are also likely to boost the liquid handling market over the next four years.
Based on the liquid handling industry analysis, the Americas held the maximum share in the liquid handling market during 2016. The growing awareness among the people regarding the prevention of malicious diseases and the rapid innovations in technology are the major factors propeling the market’s growth. The rise in health consciousness among the people to remain illness-free through frequent checkups, regular tests, and the consumption of various liquid handling product are further promoting the market’s growth in the region. The US will be the major dominating region owing to an increase in the number of pharmaceutical industries.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end user
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Tags: clinical research, drug discovery, lab suuplies, lab equipment, liquid handling market growth, lab equipment segmentation analysis,
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