Market Trends of Global Automated Liquid Handling System Industry
This section covers the major market trends shaping the Automated Liquid Handling System Market according to our research experts:
Liquid Handling Workstation are Expected to Witness Healthy Growth Over the Forecast Period
Automated workstations caters to wise range of applications, along with the freedom to personalize the workstations based on specific requirements. Automated workstations are designed to do much of the sampling, mixing, and combining of liquid samples automatically on their own. Automated workstations have become increasingly used among laboratories to improve performance and productivity. Clinical advantages offered by automated liquid handling workstations is expected to drive the preference for these systems. Advantages commonly attributed to automation include higher production rates and increased productivity, more efficient use of materials, better product quality, improved safety, shorter workweeks for labour, and reduced factory lead times.
Additionally, according to the study titled "Unlocking the efficiency of genomics laboratories with robotic liquid-handling" published in the BMC Genomics in October 2020, genome sequencing reveals that 15% of the total cost relates to laboratory personnel reduced in a conventional clinical laboratory due to liquid handling workstation. Genomic laboratories are now considering liquid-handling automation to make the sequencing workflow more efficient and cost-effective. Market-available liquid-handling workstations offer various levels of flexibility and modularity. As a result, it is anticipated that the advantages of the liquid handling workstation will stimulate segment growth during the forecast period.
Development and commercialization of automated workstations by several players in the automated liquid handling systems market is further projected to fuel the usage of these instruments. Market leaders, such as Thermo Fisher Scientific Inc. in August 2020 unveiled a highly automated real-time PCR solution that can examine up to 6000 samples in a day. Therefore, this increase in the adoption of laboratory automation or Covid-19 testing & research is likely to result in significant growth for the global market in the years to come.
In February 2022, SPT Labtech, a global leader in laboratory automation for the life sciences industry, has launched of apricot DC1, a versatile, 4-in-1 automated liquid handling workstation, at the SLAS 2022 International Conference and Exhibition in Boston. Thus, all aforementioned factors boost the segment growth over the forecast period.
North America Dominates the Market and Expected to do the same in the Forecast Period
North America dominated the automated liquid handling systems market on account of the high number of ongoing R&D projects, the presence of major biopharmaceutical firms in the region, and accessibility to technologically advanced products. A growing number of drug discovery projects are set to soar the demand for automated fluid handling systems as these systems form an indispensable part of the drug discovery process, especially in the screening of millions of compounds. For instance, as per Pharmaceutical Research and Manufacturers of America (PhRMA), since 2000, PhRMA member companies invested more than USD 1 trillion in the search for new treatments and cures, including USD 91.1 billion in 2020 alone. Also, as per data published by ClinicalTrials.gov, as of July 2022, around 133,473 Registered Studies are going on at multiple clinical trial sites across the United States.
Additionally, in February 2020, Frontage opened a new bioanalytical laboratory in Pennsylvania, United States through its wholly-owned subsidiary, Frontage Laboratories, Inc. The new facility includes an additional 10,000 square feet of laboratory space, which will enhance the company's bioanalytical capabilities in biomarkers, biologics, and small-molecule drug development, cell and gene therapy, and high-throughput clinical sample management. Thus, the rising research activities is linked with growing demand for automated fluid handling systems as these instruments are crucial in dispensing liquid samples in accurate quantities.
The growing prevalence of chronic diseases in the country is anticipated to boost the market growth as it necessitate the need to better treatment option to treat to hosts. According to the Global Cancer Observatory (Globocan) 2020, the United States has the second largest number of prevalent cancer cases in the world. The total prevalent cases of all ages accounted for 2.28 in 2020 and by 20140 is expected to increase to 3.12 million. Therefore, increasing cancer prevalence increased the need of automated liquid handling systems.
Product development by major market participants support market expansion over the forecast period. For instances, in July 2022, Analytik Jena is expanded its range of interchangeable pipetting heads for the fully automated liquid handling platform CyBio FeliX. Thus, all aforementioned factors anticipated drive the market growth over the forecast period.
