Increasing investments in the drug development process is one of the significant factors influencing the market growth.
The global liquid handling technology market is forecasted to reach USD 6,323.9 Million by 2027, according to a new report by Reports and Data. The liquid handling technology market is observing rapid growth attributed to its increasing application in the drug discovery process. Quality control using liquid handling technology is crucial in compound preparation & management, due to the introduction of variability by compound volume errors in assays, even if it is the most robust one. During the early phase of compound preparation, it is essential that liquid-based solution volumes must be correct for precise analysis at a later stage. Identification and correction for liquid handling error at the early stage in the drug discovery process lead to saving time, resources, and money.
Automated liquid handlers find usage in running drug compounds through ADMET assays that are beneficial in assessing absorption, distribution, metabolism, excretion, and toxicity characteristics. ADMET testing provides in-depth know-how about the drug interaction with the human body, and this data profile is vital in the decision-making process to carry out or stop any further development.
The COVID-19 impact:
The COVID-19 pandemic is having a significant impact on the pharmaceutical industry. There is a growing urgency to improve the care of affected people, as well as healthy individuals, by enhancing their immune strength by medication through various delivery modes. Further, a wide range of drugs and vaccinations are in the trial phase, and many more are being developed by pharmaceutical companies and research institutes to curb the spread of the virus, as well as cure the patients. All these factors are playing in a significant role in boost the demand of liquid handling technology, which is essential in the drug discovery and ADME toxicology testing process.
Get a sample copy of the global Liquid Handling Technology market report @ https://www.reportsanddata.com/sample-enquiry-form/3713
Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.
Further key findings from the report suggest
The gradually smaller group of drug compounds moving through each drug discovery process stage causes liquid handling error very costly and, in turn, drives the demand for liquid handling technology.
In genomics research laboratories, the preparation of the sample is the experiment’s bottleneck, predominantly when it comes to high-throughput NGS. Thus, an increasing number of genomics laboratories are adopting liquid-handling automation to achieve an efficient and economical sequencing workflow.
Manual liquid handling technology such as hand pipetting is considered fast in small applications when carried out by a skilled professional. Although, manual liquid handling technology is easy and direct, it does present risks associated with technician-to-technician variability.
Europe contributed to the second-largest market share in 2019, due to the increasing R&D activities in the drug discovery process and the pharmaceutical sector’s growth.
Key participants include AutoGen Inc., Bio-Rad Laboratories, Analytik Jena AG, Aurora Biomed Inc., Biotek Instruments Inc., Corning Inc., Formulatrix Inc., Agilent Technologies, Danaher Corporation, and Lonza Group AG, among others.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3713
For the purpose of this report, Reports and Data has segmented into the global liquid handling technology market on the basis of component, product type, application, end-user, and region:
Component Outlook (Revenue, USD Million; 2017-2027)
Standalone Liquid Handlers
Integrated Liquid Handlers
Tubes & Plates
Product Type Outlook (Revenue, USD Million; 2017-2027)
Automated Liquid Handling
Semi-Automated Liquid Handling
Manual Liquid Handling
Application Outlook (Revenue, USD Million; 2017-2027)
Cancer & Genomic Research
End-User Outlook (Revenue, USD Million; 2017-2027)
Contract Research Organizations
Key Regional Markets Studied in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3713
Major Highlights of the Liquid Handling Technology Market Report:
The Liquid Handling Technology market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Liquid Handling Technology market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.
Read More Reports:-
Bioresorbable Medical Material Market @ https://www.biospace.com/article/bioresorbable-medical-material-market-size-to-reach-usd-2-193-01-million-in-2028-says-reports-and-data/
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370