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Liquid Handling Systems Market Is Expected To Witness A CAGR Of 6.6%

Factors such as increasing investments in research and technology as well as rising adoption of automation in life science laboratories are expected to significantly contribute to the growth of the liquid handling systems market. Human-driven lab processes are being replaced by robotic and other automated devices for performing the same tasks with greater accuracy, enhanced reproducibility and sensitivity, and reduced error risks. Moreover, various startup companies are working towards integrating biology-specific software and programing language-based handling in automated lab tasks. For instance, in 2012, Transcriptic, a California-based start-up developed a cloud-based lab service that was made up of over 20 devices, including pipetting systems and plate readers that are combined to perform large-scale experiments with the help of a programing command. Furthermore, pharmaceutical companies are consistently increasing research and development as well as outsourcing research activities to academic and private research institutes, which is leading to the increasing number of new laboratory set-ups.

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This, in turn increases the demand for liquid handling systems and fosters the market growth. For instance, in September 2016, Biocon’s contract research arm, Syngene International, established a multi-disciplinary development center and drug discovery research laboratory for Amgen in Bengaluru, named the Syngene Amgen Research and Development Center (SARC). However, advanced liquid handling workstations for medical settings are unaffordable by emerging economies and small-scale laboratories due to its high cost, which in turn is a major factor hampering the market growth. However, development of cost-effective liquid handling workstations for micro-volumes of samples could provide highly opportunistic scenario for new as well as established market players to capitalize upon, considering the potential growth of automation assisted laboratory assisted workstations. For instance, in January 2013, LabCyte, Inc. introduced Echo liquid handler product family, which is capable of performing liquid transfers in the microliter range at the Annual Society for Laboratory Automation and Screening Conference.

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