Expected Revenue Growth:
The liquid handling systems market is expected to reach USD 3.74 Billion by 2022 from USD 2.65 Billion in 2017, at a CAGR of 7.2%.
Major Growth Boosting Factors:
Factors driving the growth of this market include the global growth in the biotechnology and pharmaceutical industries, rising demand for high-throughput screening (HTS), increasing focus on data precision and accuracy, and technological innovations to develop novel liquid handling systems.
Target Audience for this Report:
# Genomics and proteomics associations
# Drug discovery and development research centers
# Hospitals and diagnostic laboratories
# Research & consulting firms
# Distributors of liquid handling products
# Contract manufacturers of protein liquid handling systems and consumables
# Research institutes and clinical research organizations (CROs)
# Venture capitalists
# Government associations
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Research Methodology Followed for This Study:
Top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets. The overall liquid handling systems industry size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation—by type, product, application, end user, and region) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.
Various secondary sources such as World Health Organization, National Center for Biotechnology Information, United Nations Department of Economic and Social Affairs, GLOBOCAN, Centre for Genomic Regulation, International Diabetes Federation, National Institutes of Health, National Institute of Environmental Health Sciences, Eurostat, Food and Drug Administration, corporate filings such as annual reports, SEC filings, investor presentations, and financial statements; research journals; press releases; and trade, business, and professional associations have been used to identify and collect information useful for this extensive commercial study of the liquid handling systems market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess prospects of the liquid handling systems market.
North America expected to account for the major share of the market in 2017
Based on region, the liquid handling systems market is segmented into North America, Europe, Asia, and Rest of the World (RoW). North America is expected to dominate the liquid handling systems market in 2017 on account of growth in the biotechnology and pharmaceutical industries, rising prevalence of chronic diseases, and higher investments in genomics and proteomics research in the region.
Global Leaders:
Key players in the liquid handling systems market include Danaher Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Eppendorf AG (Germany), Tecan Group Ltd. (Switzerland), Gardner Denver Medical (Germany), Mettler-Toledo International Inc. (U.S.), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), Sartorius AG (Germany), Corning Incorporated (U.S.), Gilson, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Qiagen N.V. (Germany), Lonza Group Ltd (Switzerland), Brooks Automation, Inc. (U.S.), Integra Holding AG (Switzerland), Endress+Hauser AG (Switzerland), Labcyte Inc. (U.S.), BioTek Instruments, Inc. (U.S.), TTP Labtech Ltd (U.K.), Metrohm AG (Switzerland), BRAND GMBH + CO KG (Germany), Tomtec, Inc. (U.S.), Hudson Robotics, Inc. (U.S.), and Orochem Technologies Inc. (U.S.).
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Growth Strategies Followed by Key Players:
The key strategy followed by most companies in the liquid handling systems market are product launches. This strategy accounted for the largest share of the overall growth strategies mapped from 2015 to 2017.
