Liquid Handling Systems: Emerging Industry Trends & Global Opportunities
Major Objectives Behind This Study:
# To define, characterize, and project the Global Market for Liquid Handling Systems according to end users, product type, application, and geography.
# To give comprehensive details about the main factors (drivers, constraints, opportunities, and industry-specific challenges) impacting the market's growth.
# To conduct a strategic analysis of micromarkets in terms of their potential, growth trends, and share of the market.
# To assess market prospects for interested parties and give important players specifics about the competitive environment.
# To project market segment revenue in relation to the following five regions: ROW, Asia Pacific, Europe, North America, and Asia Pacific.
# To thoroughly examine the market shares and core competencies of the major players and develop strategic profiles of them.
Overview:
In order to estimate the current size of the liquid handling systems market, the study involved four major activities. In-depth secondary research was conducted to gather data on the market and its various subsectors. The next stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain. A combination of top-down and bottom-up methods was used to estimate the overall market size. The market size of the segments and subsegments was then estimated using data triangulation techniques and market breakdown.
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Growth Driving Factors:
The updated financial data for each listed company through 2021 or 2022 is provided in a single diagram (rather than multiple tables) in the new edition of the report. This would make it easier to analyze the current financial health, profitability, primary revenue-generating region or nation, business segment focus regarding the highest revenue-generating segment, and investment in R&D activities of the profiled companies.
This market is expected to grow as a result of the growing pharmaceutical industry, increased funding for life sciences research and development, increased outsourcing of pharmaceutical research, and rising demand for high throughput screening.
Revenue Growth Expectations, Globally:
Revenue from liquid handling systems industry was projected to reach $4.6 billion globally in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% to reach $5.8 billion by 2027.
Opportunity: Growing genomics and proteomics research
The growing emphasis on proteomics and genomics research across a range of fields, including disease diagnosis and biomarker identification. Significant market advancements and an increase in pharma and biotech R&D funding are to blame for this. Below are some significant advancements in this area that have been noted:
# Novo Holdings (Denmark) announced in January 2023 that it would invest USD 40 million in Evosep (Denmark) in order to offer more customers a high-throughput, reliable proteomics solution.
# The UK government announced in December 2022 that it would be investing Euro 175 million in genomics research. Part of this investment will go toward a study headed by Genomics England and conducted in collaboration with the National Health Service (NHS) to determine the efficacy of whole-genome sequencing in identifying and treating rare genetic diseases in newborns.
# The Health and Social Care Secretary announced in December 2022 the creation of a Euro 175 million fund to support state-of-the-art genomics research for cancer patients and newborns with curable rare genetic diseases. A research study headed by Genomics England in collaboration with the NHS will cost Euro 105 million. The purpose of the study is to determine whether whole genome sequencing is a useful tool for diagnosing and treating rare genetic diseases in neonates.
# Parallel Bio obtained a USD 4.3 million seed round in December 2022 with the aim of expediting drug discovery via the human immune system in a dish. It has been able to expedite the pace of drug discovery and development and demonstrate the feasibility of its immune-system-in-a-dish platform thanks to the investment capital.
# The Ontario government established the USD 15 million Life Sciences Innovation Fund in November 2022 to assist innovators and entrepreneurs in the life sciences in bringing their concepts and prototypes from the laboratory to the market. Up to USD 500,000 will be given to qualified businesses to help them expand their made-in-Ontario health solutions domestically and internationally.
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Geographical Growth Scenario:
North America dominates the global Liquid Handling System market
Based on the region, the liquid handling system market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). The global liquid handling system market is segmented into North America, Europe, Asia Pacific, and ROW. North America dominated liquid handling system market. The largest share can be attributed to North America due to the significant advances in the biotechnology and pharmaceutical industries and increasing investment and government funding for the research.
Recent Developments:
# In 2022, Beckman Coulter Life Sciences (US) company of Danaher Corporation launched the Biomek NGeniuS liquid handling system. It automates the labor-intensive process of manual library construction and reagent transfers, helping free up technicians and researchers to focus on the science, not the workflow, while also reducing the possibility of errors.
# Gilson (US) launched MyPIPETMAN, a customizable and modular pipette. It is lightweight, ergonomic, reliable, and easy to use, with technical and personalization options to adapt to the researcher’s laboratory needs.
# In 2022, Endress+Hauser (Switzerland) launched Memosens 2.0 technology that converts the measured value to a digital signal and transfers it inductively to the transmitter, offering safe data transfer for increased availability of the measuring point and trouble-free operation. The new technology is available for pH/ORP, conductivity, and dissolved oxygen sensors—and it will be extended to the complete sensor portfolio for liquid analysis.
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