As cited by the research report titled ‘Global Automated Liquid Handling Technologies Market Size study, by Product (Workstations, Reagents & Consumables), by Application (Drug Discovery & ADME-Tox Research, Cancer & Genomic Research, Bioprocessing/Biotechnology and Others), by End-User (Academic & Research Institutes, Pharmaceutical & Biotechnology Companies and Contract Research Organizations), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global automated liquid handling technologies market was valued at USD 1.32 billion in 2020 and is estimated to record a CAGR of 9.4% over 2021-2027, subsequently accumulating a valuation of USD 2.48 billion by the end of forecast period.
 

Increasing number of medical laboratories is a major factor driving global automated liquid handling technologies market growth. As per Statista, medical and diagnostic laboratories industry revenue of in the U.S. is estimated to increase from USD 34.65 billion in 2018 to around USD 37.8 billion by 2024. Similarly, number of clinical diagnostic laboratory tests in Russia has witnessed an increase from around 276.6 million in 2018 to nearly 373.7 million in 2021.
 

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Technological advancements in medical testing to enable faster processing is further augmenting the market scope. In August 2021 for instance, Australian Therapeutic Goods Administration approved the SpeeDx PlexPCR SARS-CoV-2 test which is capable of detecting all current circulating variants of SARS-CoV-2. Similarly, Hamilton Company and Rhinostics recreated rapid swab-based sample workflows from collection to processing to identify novel coronavirus, SARS-CoV-2, and other pathogens.
 

In addition, rising trends of automation, developing healthcare infrastructure, and increasing adoption of contactless operations to prevent contamination are likely to generate lucrative prospects for the market players in the ensuing years.
 

On the downside, evaporation control of liquids in these systems could hamper the market progression over the projected timespan of 2021-2027.
 

For the record, automated liquid handling technologies are specifically programmed to handle liquids to deliver accurate results without any difficulties while testing & sampling in clinical & research laboratories.
 

On the geographical front, North America is expected to capture significant market share over the projected timeframe, on account of increasing usage of advanced automation solutions and expanding life science research.
 

Meanwhile, Asia Pacific market is anticipated to exhibit substantial growth rate over the estimated timeline of 2021-2027, owing to growing pharmaceutical & biotechnological sector as well as expanding base of biotech companies in the region.
 

Leading players in global automated liquid handling technologies industry are Beckman Coulter Inc., Gilson Inc., Labnet International Inc., Agilent Technologies Inc., BioTek Instruments Inc., Eppendorf Group, Labcyte Inc., Aurora Biomed Inc., Hamilton Company, and Analytik Jena AG.