Sellbyville, DE -- (SBWIRE) -- 05/01/2019 -- The Liquid Handling Systems Market is set to exceed USD 2.0 billion by 2024; according to a new research study published by Global Market Insights, Inc. Growing R&D and clinical trials by pharmaceutical companies as well as biotechnology industry will foster the liquid handling system market growth over the projection years. Clinical trials and drug discovery have increased incredibly over the past few years due to growing number of serious diseases. Also, increased drug development will bring new compound with proven therapeutic effect to the market; requiring extensive use of liquid handling systems, thereby boosting the market growth.

Increasing application of various laboratory processes such as serial dilution, PCR, array printing, plate replication, cell culture and whole genome amplification is also driving the liquid handling systems industry growth. Growing awareness about early disease diagnosis and prevention has stimulated demand for these laboratory processes for detection of cancer and infectious diseases at an early stage. Therefore, introduction of manual as well as automated liquid systems in laboratories is augmenting to Liquid Handling Systems Market expansion.

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Automated liquid handling systems market segment is anticipated to experience robust growth in the future, accounting for USD 580.4 million in 2017. Automated systems have maximum accuracy, that helps to eliminate manual pipetting errors, thereby maximizing the reproducibility of assays. In addition, growing demand for such automated devices with unique software allows healthcare professionals and medical researchers to set-up even complex tasks with minimal efforts, thereby driving the market growth of the segment.

Liquid handling automated workstation market is expected to grow at 6.0% during the projected years from 2018-2024. Automated workstations provide consistent results for assays, enhanced performance along with integrated sample storage and customization option for any specific usage, that will increase its application in coming years. In addition, automated workstations measure out samples and reagents, ensuring that liquids are added to bioassays in a uniform manner, thereby propelling its Liquid Handling Systems Market growth.

As of now, end-users have been giving preference for highly accurate, touchless, fully automated, and low-volume dispensing fluid transfer equipment. In regard to this, companies have been developing advanced versions of liquid handling systems. The heavily advanced systems will quite overtly, observe more demand from the end-users. For the record, Labcyte's instruments have also imprinted a similar influence on the players in the biotechnology and pharmaceutical industries as well as research organizations, service laboratories, academic institutions, and hospitals.

Validating the aforementioned fact, in April 2018, the well-known pharmaceutical company, Merck, signed an agreement with Labcyte Inc., to use its patented droplet ejection technology in drug discovery and development activities. The development of modernized products has thus been generating new opportunities for the players in the liquid handling systems market.

With the surging demand for automatic liquid handling systems, companies have also been looking forward to diversifying the technology and product development tactics by acquiring the firms that have been manufacturing next-generation medical devices. For instance, a technology-focused investment firm, Battery Ventures has recently acquired TTP Labtech Ltd which designs and develops liquid handling equipment. This acquisition will help Battery Ventures to strengthen its profile and gain popularity in the growing life-sciences market.

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Prominent industry players in Liquid Handling Systems Market include Gilson Incorporated, Tecan, Hamilton Co., Eppendorf AG, Thermo Fisher Scientific, Inc., Sartorius and others. These market players have adopted innovative strategies such as new product development, improving their manufacturing footprint, merger and acquisition, and geographical expansion for improving their position in the market place.

Chapter 1. Methodology

1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Liquid handling systems industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Product trends
2.1.4. End Use trends
2.1.5. Regional trends

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Chapter 3. Liquid Handling Systems Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing R&D and clinical trials worldwide
3.3.1.2. Increased demand for high-throughput screening
3.3.1.3. Technological advancements related to automated liquid handling systems
3.3.2. Industry pitfalls & challenges
3.3.2.1. High cost and complexity
3.3.2.2. Lack of skilled labor in developing countries