Western European Liquid Handling Market
Increasing Demand for High Throughput Data Drives Adoption of Automated Liquid Handling Instruments
LONDON, March 31, 2015 /PRNewswire/ -- The increasing life science research activities across drug discovery applications have driven the need for automated products in liquid handling. How far the automated segments are going to replace the manual instruments is analyzed in this research. This study provides the market overview, market engineering measurements, revenue forecasts, company profiling and key trends for the liquid handling market and its segments, namely, automated robotic workstation, automated bench-top instruments, manual instruments, and consumables. Regional analysis includes Western European countries such as the United Kingdom, Germany, France, Italy, Spain, Benelux, and Scandinavia. The period covered in the study is 2011–2021 with 2014 as the base year.
Key Findings
-The Western European liquid handling market will continue to grow from $ million in 2014 to $ million in 2021 at a compound annual growth rate (CAGR) of % from 2014 to 2021.
-The governments of various Western European countries are working towards the development of bioclusters, facilitating research and development (R&D) centres for Genomics, proteomics applications, and across various drug discovery applications. This will provide a new market opportunity for liquid handling companies. For example, in Spain, five new biotechnology clusters are in development, which may attract R&D investments of many biotechnology and pharmaceutical companies.
-Miniaturization is the current trend driving the automated liquid handling market. The industry is moving towards the demand for compact modular automated liquid handling systems, which can dispense smaller volumes and operate in a high-throughput fashion.
-Tier-1 market participants are expanding the bandwidth of their liquid handling product portfolio through mergers and acquisitions (M&As). For instance, the acquisition of Life Technologies by Thermo Fisher Scientific, which is one of the biggest deals in the life sciences industry, will enable the company to strengthen its product line.
-New technological innovations such as non-contact dispensing for liquid handling systems are being developed. This will eliminate contamination, thereby increasing adoption by many pharmaceutical companies and research laboratories.
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