Liquid Handling Systems Market Worth 3.74 Billion USD by 2022

PUNE, India, July 25, 2017 /PRNewswire/ --

According to a new market research report "Liquid Handling System Market by Type (Electronic, Automated, Manual), Product (Pipette, Consumables, Workstation, Microplate Dispensers, Burette), Application (Drug Discovery, Genomics, Clinical Diagnostics, Proteomics) & End User - Forecast to 2022" published by MarketsandMarkets™, the market is expected to reach USD 3.74 Billion by 2022 from USD 2.65 Billion in 2017, at a CAGR of 7.2%.

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Browse 199 Market Data Tables and 41 Figures spread through 199 Pages and in-depth TOC on "Liquid Handling Systems Market" 

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The key factors driving the growth of this market include the global growth in the biotechnology and pharmaceutical industries, rising demand for high-throughput screening (HTS), increasing focus on data precision and accuracy, and technological innovations to develop novel liquid handling systems.

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Pipettes are estimated to dominate the market in 2017 

On the basis of products, the liquid handling systems market is segmented into pipettes, burettes, consumables, microplate reagent dispensers, microplate washers, liquid handling workstations, software, and other products. The pipettes segment is expected to dominate the global liquid handling systems market in 2017. Efficient performance, reliability, great level of precision, adaptability across multiple applications, and minimal maintenance needs are key drivers increasing the demand for pipettes.

Electronic systems are estimated to command the largest market share in 2017 

The liquid handling systems market is segmented by type into electronic systems, automated systems, and manual systems. In 2017, the electronic systems segment is expected to account for the largest share of the liquid handling systems market, by type. High accuracy and reproducibility offered by electronic liquid handling systems, coupled with their lower cost compared to automated systems are factors driving its adoption among end users like pharmaceutical and biotechnology companies, research laboratories, and academic institutes.