U.S. liquid handling system market is estimated to grow at a CAGR of around 4.6% over the forecast period. Growing application of PCR, next-generation sequencing, microarray, and ELISA coupled with presence of industry players like Danaher Corporation, Qiagen, Beckman Coulter, and Thermo Fisher Scientific, Inc. will serve as a high impact rendering factor for revenue growth in the U.S. Moreover, shift in trends towards therapeutic areas such as women’s health, oncology, infectious disease and HIV/STDs testing along with growing incidence of infectious diseases will enhance industry growth in the U.S.
Increasing expenditure on healthcare services and technology has ensured a robust growth for the liquid handling systems market, as rising disposable income has allowed people access to new drugs, treatments and diagnostic solutions. Pharmaceutical and biotech companies have indeed expended substantial capital on research and development of new medicines. Rising number of clinical trials involving numerous chemicals and their testing has fueled the growth of the liquid handling systems industry.
Continuous expansion of production facilities and collaborative efforts between pharmaceutical companies have generated tremendous revenues for businesses that provide medical equipment. More recently though, automation of manufacturing and laboratory processes is gaining traction worldwide and promises to conspicuously transform the liquid handling systems market.
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Indicating the significance of automated processes, industry experts claim that the pharmaceutical sector in countries like China will require automation to capture or maintain their position in the global markets. Mounting pressure to reduce costs of R&D as well as for eliminating human errors in clinical trials has brought the automatic liquid handling systems industry into focus. Companies in the U.S. and Europe have already adopted automation in their manufacturing facilities to provide improved performance and high quality drugs. However, with increasing prevalence of chronic and life threatening ailments, the need for early diagnosis of cancer and other infectious diseases has been widely comprehended, driving the progression of diagnostic centers.
Diabetes and obesity, often related to each other, are becoming more prevalent in developed and emerging economies. Symptoms of diabetes can appear suddenly and most of the times require effective diagnostic solutions to check sugar levels in blood and determine the type of disease. Diabetes and prediabetes symptoms, many a times, are not evident and government organizations even provide suitable guidelines for the screening of the disorder. The liquid handling systems market will garner substantial benefits from the growing awareness regarding diabetes and the risk of obesity. As more people utilize the services of diagnostic centers and labs, automated instruments will help to reduce the time spent on repetitive tasks.
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