The worldwide market for automated liquid handling systems is projected to exhibit a 6.4% CAGR for the duration of the assessment. The worldwide market is anticipated to account for US$ 1,438.7 Million in revenue terms towards the end of assessment year 2026. The standard effect with the conventional liquid handling system is the volume of liquid or fluid. Consequently, automated liquid handling systems are being conveyed on a huge scale at research centers to eradicate the blunders, and limit the processing time. Ascend in the making of vaccine is one of the main aspects bringing about the expanding utilization of automated liquid handling system. Besides, pharmaceutical organizations are additionally investing into the manufacturing of vaccines because of the high existence of infectious diseases. Adaptability and flexibility, contamination control, handling of samples of dissimilar viscosities, as well as volume range capabilities are couple of important aspects that are looked at before acquiring automated liquid handling systems.
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The worldwide market on the basis of the modality includes fixed tips and disposable tips. The disposable tips likely to go through a remarkable expansion for the duration of the forecast. This category is projected to account for over US$ 900 Million in revenue terms towards the end of 2026.
The global market on the basis of the end users includes research and academic institutes, biotechnological and pharmaceutical companies, diagnostic centers and hospitals and other end users. The diagnostic centers and hospitals will remain as the biggest consumer of the automated liquid handling systems. This segment will be bringing in more than US$ 600 Million in revenue terms through the end of forecast period.
The worldwide market i terms of the product type incorporates automated liquid handling workstation, pipettes & consumables, microplate reagent dispensers, along with other products. The automated liquid handling workstation category is likely to be foreseeing the biggest development and will be touching more than US$ 700 Million in revenue terms before the conclusion of assessment period.
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In terms of the region, the North America is projected to lead the global market for automated liquid handling system over the assessment period 2017-2026. On account of the rise in the number of breakthrough of new drugs to fight a variety of diseases, life science projects, along with the requirement for automated liquid handling systems is increasing in the region. In the meantime, in Europe, Germany and the U.K. are the dominating regions in the overall market.
The prominent market players operating in the overall market include Thermo Fisher Scientific, Inc., Danaher Corporation, Agilent Technologies, PerkinElmer, Inc., Bio-Rad Laboratories, Inc., Qiagen N.V. , Corning, Inc., Tecan Group Ltd., Eppendorf AG, Mettler-Toledo International, Inc., Hamilton Company, Aurora Biomed, Inc. and others