Automated liquid handling systems are robotic systems that are designed to handle liquids as accurately and precisely as possible without the human intervention. They are widely used in laboratories for dosing, mixing, serial dilution, assay development, sample preparation, high throughput screening (HTS), and other laboratory workflows. The need for accuracy and reproducibility in laboratory experiments is driving the demand for automated liquid handling systems as they mitigate the problems associated with manual liquid handling such as inconsistent volumes and risks of cross-contamination.
The global Automated Liquid Handling Systems Market is estimated to be valued at US$ 5.34 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity
The growing need for accuracy and reproducibility in laboratory experiments across industries such as healthcare, pharmaceutical, biotechnology, agricultural research etc. presents a lucrative growth opportunity for automated liquid handling systems market. Manual liquid handling is prone to errors due to inconsistent pipetting techniques and risks of cross-contamination between samples. Automated systems ensure accurate dispensing and aspirating of precise liquid volumes, thus enabling reproducible experiment results. They eliminate human errors and variability associated with manual liquid handling. Additionally, automated systems allow for high-throughput screening of large number of samples in less time. The rising R&D investments in drug discovery and life science research will further fuel the demand for automated liquid handling systems to facilitate accurate and efficient experiments.
Porter's Analysis
Threat of new entrants: Low barriers to entry, as automated liquid handling systems require advanced technology and high capital investments.
Bargaining power of buyers: Moderate, as buyers have several global vendors to choose from offering innovative products at competitive prices.
Bargaining power of suppliers: Moderate to high due to few raw material suppliers and differentiated components manufacturers with established expertise.
Threat of new substitutes: Low, as automated liquid handling systems provide efficiency, precision, and reproducibility over manual methods.
Competitive rivalry: High among major players expanding product portfolios through competitive pricing and partnerships.
SWOT Analysis
Strengths: Product customization, advanced features, and high throughput. Compatibility with diverse laboratory equipment enhances workflow.
Weaknesses: High installation and maintenance costs compared to manual systems. Technological obsolescence risks with rapid advances.
Opportunities: Emerging economies increasing R&D spending on life sciences. Adoption across biotech, pharmaceutical and diagnostic industries.
Threats: Economic slowdowns shrinking Capex budgets. Currency fluctuations impact export-oriented vendors.
Key Takeaways
The global Automated Liquid Handling Systems market scope is expected to witness high growth over the forecast period of 2024 to 2031. The market size for 2024 is projected at US$ 5.34 Mn rising to US$ 12.50 Mn by 2031 at a CAGR of 4.7%.
Regional analysis
indicates North America dominates due to extensive research funding and technology adoption. Asia Pacific is expected to grow at the fastest pace led by China, India, Japan and South Korea expanding life sciences infrastructure.
Key players
operating in the automated liquid handling systems market are BHP Billiton Group, Jinduicheng Molybdenum Co., American CuMo Mining, Thompson Creek metals, Moly Metal LLP, ENF Ltd., Compania Minera Dona Ines De Collahuasi S.C.M., and Freeport McMoran. These leaders are focusing on developing customized and modular systems to gain market share.
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