U.S. liquid handling system market is set to grow at a CAGR of around 4.6% over the forecast period owing growing application of PCR, next-generation sequencing, microarray, and ELISA coupled with presence of industry players like Danaher Corporation, Qiagen, Beckman Coulter
Sellbyville, United States - December 17, 2018 /MarketersMedia/ —
China liquid handling systems market is anticipated to grow at a lucrative CAGR of 7.1% in the forecast period. China is one of the most technologically advanced country, with the biotech industry depicted as one of the 10 significant sectors in Beijing?s latest five-year plan. Furthermore, substantial financial backing from both the private and public sectors, and regulations that are becoming globally harmonized is majorly contributing in the healthcare industry of the region, hence driving the demand for liquid handling systems over the projection years.
Global Liquid Handling Systems Market will surpass USD 2.0 billion by 2024; according to a new research study published by Global Market Insights, Inc. Increasing incidence of infectious diseases along with growing demand for high-throughput diagnosis of such diseases is boosting the liquid handling systems market. Increasing application of various laboratory processes such as PCR, ELISA, array printing, plate replication, serial dilution, cell culture and whole genome amplification is also boosting the industry growth.
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Presence of huge number of pharmaceutical companies as well as strong biotechnology sector in developed countries such as U.S., Germany and Japan are enhancing market growth. In addition, adoption of automated liquid handling devices in such countries for biomedical research is helping in the elimination of pipetting errors, hence maximizing accurate results. All these factors will increase the opportunity for the growth of liquid handling systems market in these regions.
Manual liquid handling systems captured the maximum share in the global market valued at around USD 844.9 million in 2017. Manual liquid handling equipment are widely available at lesser cost, thereby increasing its application and fostering the segment?s growth. However, automatic liquid handling systems are expected to grow swiftly during the forecast period due to enhanced sampling, mixing, and combining of liquid samples that are done automatically, hence reducing time and effort.
Based on product, automated workstation market segment is forecast to grow rapidly at a CAGR of 6.0% during the projected years. Automated workstation have better flexibility, better customization options, and improved productivity, that will increase it application in the long run, hence expanding the growth of the segment. The automated workstation segment is followed by pipette segment in terms of growth. Various medical devices manufacturers are focusing on developing pipettes that are technological advanced, safe and ergonomically designed to suit the requirements of clinical and research laboratories, which will consequently drive the market growth.
Pharmaceutical & biotechnology industry market segment was valued at USD 635.5 million in 2017. Presence of various pharmaceutical firms globally and growing demand for drug discovery and vaccine production is propelling the market growth. Moreover, increasing incidence of infectious diseases which require accurate diagnosis will also boost the pharmaceutical & biotechnology industry growth in liquid handling systems market.
China liquid handling systems market is anticipated to grow at a lucrative CAGR of 7.1% in the forecast period. China is one of the most technologically advanced country, with the biotech industry depicted as one of the 10 significant sectors in Beijing?s latest five-year plan. Furthermore, substantial financial backing from both the private and public sectors, and regulations that are becoming globally harmonized is majorly contributing in the healthcare industry of the region, hence driving the demand for liquid handling systems over the projection years.
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Some of the notable industry players are Gilson Incorporated, Tecan, Hamilton Co., Eppendorf AG, Thermo Fisher Scientific, Inc., Sartorius, among others. Companies are now strategizing to launch technologically advanced and automated systems that will not only increase its product portfolio, but also thrive the sales. Furthermore, innovative strategies such as mergers, collaborations, acquisition and partnerships are expected to be carried out in order to expand their product portfolio and geographic reach.
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/liquid-handling-systems-market
Source: MarketersMedia
Release ID: 460825
