Pune, Maharashtra, India, September 11 2020 (Wiredrelease) Allied Analytics –:“ The error-free reproducibility in results offered by automated liquid handling systems is a significant advantage, which is essential when it comes to drug discovery, disease and diagnostics research in pharmaceutical and clinical settings.”
“Automated Liquid Handling (ALH) Market by Type, Modality, Procedure, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2026,” the global ALH market was valued at $585 million in 2016, and is projected to reach $1,054 million by 2023, growing at a CAGR of 8.7% from 2017 to 2026. The multi-instrument ALH system segment is anticipated to witness highest growth rate from 2017 to 2026.
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The major companies profiled in the report include Tecan Group Ltd., Corning Incorporated, Hamilton Company, Agilent Technologies, Mettler-Toledo International Inc., PerkinElmer Inc., Thermo Fisher Scientific, Inc., Danaher Corporation, Aurora Biomed, and Eppendorf AG.
The global ALH market is driven by advancement in technological advancements associated with ALH systems, dearth in skilled professionals and advantages of ALH systems over manual pipetting. In addition, rise in awareness of the benefits of using ALH is expected to fuel the market growth
COVID-19 Scenario:
Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics. However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations. Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
Automated liquid handling (ALH) has now become a vital tool in drug development and discovery, especially in high-throughput screening procedures comprising millions of compounds. Different innovations in ALH systems have facilitated assay miniaturization, thereby exponentially accelerating the discovery of chemical probes and drug candidates for querying biological systems.
The major factors that drive the global ALH market are advantages of ALH systems over manual pipetting, dearth in skilled professionals, and technological advancements associated with ALH systems. In addition, rise in awareness of the benefits of using ALH is expected to fuel the market growth. However, high costs of instruments and complex operability of advanced ALH systems are expected to restrain the market growth. Furthermore, untapped potential of emerging markets provides lucrative opportunities to the market players.
The standalone ALH type segment occupied the highest share in ALH type market in 2016, owing to their sheer usage and availability in different research and clinical settings. The ALH PCR setup procedure segment witnessed the highest growth rate in 2016. However, the serial dilution procedure is anticipated to dominate the market.
Key Findings of the Automated Liquid Handling (ALH) Market:-
>The fixed tip modality segment is anticipated to grow at the highest CAGR from 2019 to 2026.
>The biotechnology and pharmaceuticals company end user segment generated the highest revenue in 2016, and is expected to continue its dominance in the near future.
>North America dominated the global ALH market, and is projected to grow at a CAGR of 7.3% from 2017 to 2026.
>Asia-Pacific is expected to witness the highest growth rate during the forecast period.
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At present, the biotechnology and pharmaceutical companies dominate the end user segment, and are expected to grow at a CAGR of 7.5% during the forecast period. This is attributable to increase in usage and application of ALH systems to carry out high-throughput screening in these companies.
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source https://wiredrelease.com/press-release/automated-liquid-handling-market-size-targets-to-grow-at-a-cagr-of-8-7-to-hit-1054-million-by-2026-2020-09-11
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