The “Global Automated Liquid Handling Systems Market – Outlook & Forecast 2024-2029” report is now available from ResearchAndMarkets.com. The market is projected to grow from $1.46 billion in 2023 to $2.56 billion by 2029, with a CAGR of 9.82%.
The market is highly competitive, with major players striving for greater market share through various strategies. North America leads the market with a 33% share in 2023, driven by high demand for lab automation, advanced laboratory infrastructure, significant investments, and the presence of pharmaceutical and biotech companies.
Key factors driving market growth include:
- AI, ML, and Cloud Integration: Automation in research and diagnostics labs is on the rise, with AI and ML significantly enhancing lab automation by improving research quality and efficiency amid a skilled labor shortage.
- Technological Advancements: The industry is seeing substantial R&D in advanced, contactless liquid handling technologies, attracting significant consumer interest. Companies like Formulatix are introducing cutting-edge solutions like the Flow Axial Seal Tip (F.A.S.T.) and FLO i8 systems.
- Lab Automation Adoption: Lab automation enhances R&D procedures by streamlining workflows and reducing repetitive tasks, leading to higher accuracy and efficiency.
- R&D in Life Sciences and Drug Discovery: Continuous R&D activities in life sciences, pharmaceuticals, and biotechnology are driving the demand for specialized laboratory equipment that minimizes human error and ensures reliable screening and results.
- Complex Lab Procedures and Miniaturization Demand: Miniaturized analytical equipment allows for the analysis of more samples daily, leading to faster and more robust result analysis.
Market Segmentation:
- By Instrument Type: The market is divided into workstations and standalone instruments. Workstations, offering multiple tools in one system, reduce costs and save space, making them ideal for pharmaceutical and biotech labs.
- By Application: The drug discovery and development segment dominated the market in 2023, with ALH systems crucial for clinical studies in the biotech and pharmaceutical industries, where errors can be costly.
- By End-Users: The primary end-users are pharma and biotech companies, followed by academic and research laboratories, clinical diagnostics labs, and others. Pharma and biotech companies led the market in 2023 due to their extensive clinical studies and R&D activities.
Key Market Questions:
- Market size and growth rate?
- Dominant regional markets?
- Significant trends and key players?
Key Company Profiles:
Leading companies include Agilent Technologies, Beckman Coulter, Eppendorf, Hamilton Company, and Thermo Fisher Scientific. Other notable vendors are Aurora Biomed, AUTOGEN, Bio-Rad Laboratories, Formulatrix, Gilson Incorporated, and more.
Report Attributes:
- Pages: 280
- Forecast Period: 2023 – 2029
- 2023 Market Value: $1.46 Billion
- 2029 Market Value: $2.56 Billion
- CAGR: 9.8%
- Regions Covered: Global
The report provides an in-depth analysis of the future of laboratory automation, market opportunities, trends, growth enablers, restraints, and detailed company profiles.
