US Liquid Handling Market: Strategies to Drive Growth in an Increasingly Competitive Market
NEW YORK, Feb. 26, 2015 /PRNewswire/ --
Methodology
The majority of the quantitative and qualitative information contained in this research service was acquired through primary research conducted with liquid handling product providers. Most consultations were conducted with vice presidents (VPs) of business units, VPs of marketing, product managers, marketing managers, marketing directors, and business development directors from various competitors in the liquid handling market.
Industry-specific information obtained include:
•Liquid handling revenue breakdowns by product segments and regions
•Company revenues, market share estimates, and projected growth rates of various competitors
•Top-level customer, regional, and technology market trend information
•Market drivers, restraints, and challenges
Supplementary research was conducted utilizing secondary sources including scientific journals, online media, Frost & Sullivan databases and research services, and publicly available corporate filings.
Forecasts are based on the data and analyses regarding industry challenges, market drivers and restraints, and market trends. If specific revenues or market sizes were unavailable, estimates were derived through the consultations with industry experts, augmented by secondary research. Growth trends specific to certain market participants are based on consultations, past growth rates, and technology reviews.
Key Findings
•The total US liquid handling market generated revenue of $ x million in 2014 and is expected to reach $ x million in 2021. The market is expected to grow at a compound annual growth rate (CAGR) of x % from 2014 to 2021.
•Automated robotic workstations account for x % of the market, or $ x million in revenue in 2014. This market is being driven by the demand for greater laboratory efficiency, accuracy, and reproducibility in industrial markets that can be achieved by automating workflows with robotic workstations and high-throughput liquid handlers.
•Low-to-mid throughput automated liquid handling tools account for x % of the market, or $ x million in revenue in 2014. Growing the fastest of all liquid handling segments, this market is being driven by the launch of and demand for affordable benchtop instruments providing low-to-mid throughput labs with similar automation benefits as high-end liquid handlers at a lower price point, throughput and footprint.
•The manual pipettes and consumables market is the largest of all product segments at a market size of $ x million in 2014, or x % of the market. As laboratories adopt liquid handling instruments they increase both throughput and speed of their workflows, requiring more consumables over the course of the year, which is the major driver to the market's healthy % CAGR during 2014–2021.
Key Questions this Study will Answer
How did the market respond to the difficult US economic climate over the past 3 years?
What application trends are driving adoption of liquid handlers?
What emerging companies are providing innovative products and challenging market leaders?
What unforeseen future factors may dramatically affect market forecasts?
What are the key differentiating competitive factors companies are using to be successful?
What larger life science research tools trends are making their way into the liquid handling market and affecting product, end-user, and economic dynamics?
Read the full report: http://www.reportlinker.com/p02604034-summary/view-report.html
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