SAN FRANCISCO, April 10, 2018 /PRNewswire/ --
The global liquid handling technology market size is estimatedto reach USD 6.99 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.5% during the forecast period. Rising competition in the pharmaceutical sector, demand for precision and acceleration
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High wages of skilled employees have encouraged research centers and pharmaceutical players to automate their processing activities. Higher accuracy levels offered by novel liquid handling workstations eliminate human errors and provide rapid results. Reduction in cost by avoiding excess use of expensive reagents, less workforce employment, and time advantage gained have influenced adoption of high throughput fully automated liquid handlers.
Though high purchase as well as maintenance cost, along with complex operability, limits adoption on a wider scale, large biopharmaceutical players anticipate integration in the coming years. Groundbreaking innovations such as Next Generation Sequencing (NGS) have revolutionized the pace of research and drug target screening. Need for advanced liquid handling technology to support simultaneous screening of multiple assays and samples further fuels market demand.
Lucrative revenue generation in the market is attributive to swift adoption of advanced products along with high volume sales of consumables and small devices. Key players have strategic collaborations with universities and research centers to support their liquid handling needs. Acquisition of emerging players in different geographies to expand their market share is anticipated to increase competition in this market.
Browse full research report with TOC on "Liquid Handling Technology Market Analysis Report By Product (Workstations, Consumables), By Type (Automated, Manual), By Application (Drug Discovery, Cancer Research), By End User, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/liquid-handling-technology-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global liquid handling technology market on the basis of product, type, application, end user, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/healthcare
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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SOURCE Grand View Research, Inc.
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