December 07, 2015
Wellesley, Mass., December 07, 2015 – Emerging technologies like allowing liquid handling to handle sticky and viscous liquids have expanded liquid handling equipment opportunities. BCC Research reveals in its new report this technology and others are creating new opportunities in the food, agriculture and chemical manufacturing markets, especially the latter.
Liquid handling entails a machine taking a sample from one container to another in a specific measured volume. This automation offers three benefits: 1) machines transfer samples at measured volumes more quickly than humans; 2) machines transfer samples more precisely than humans; and 3) machines are inexhaustible as compared to humans. Liquid handling is a key niche in the laboratory automation space.
The liquid handling equipment marketplace is projected to reach almost $2.3 billion and nearly $3.4 billion in 2014 and 2019, respectively, reflecting a five-year compound annual growth rate (CAGR) of 8.3%. The biotechnology sector, the largest segment, will gain $260 million over the forecast period to reach $919 million in 2019, reflecting a five-year CAGR of 7.2%. The chemical manufacturing sector will sustain the most dramatic growth, achieving a five-year CAGR of 13.2% through 2019. The clinical/public health and pharmaceutical sectors also will experience double-digit growth, with respective CAGRs of 11.2% and 11.6%.
A variety of factors will drive substantial market growth. Consolidation and structural shifts within the pharmaceutical and clinical/public health sectors, along with novel uses for liquid handling in agriculture, food and forensics, will create new market opportunities. Industry headwinds will focus on the academic sector, where flat growth over the next five years will shrink the absolute size of this market.
Liquid handling, traditionally the province of the biotechnology and clinical industries, is finding new uses in a variety of markets. Environmental and forensic markets are leveraging existing technology in novel ways. Emerging technology has transformed material science, food and agriculture into important sectors, as well, especially chemical manufacturing.
The anticipated five-year 13.2% CAGR of the chemical manufacturing sector should push sales from $43 million in 2014 to $80 million in 2019. Growth should chiefly stem from a dramatic adoption rate of liquid-handling technologies among firms interested in developing and testing products using less manual labor. Also, the adoption of new technologies that make liquid-handling equipment more amenable to chemical manufacturing usage should drive growth, as well.
“New abilities to handle liquids at various temperatures and high viscosities have proven popular among chemical manufacturers. Interest in these technologies has become a growing niche within the liquid-handling field,” explains BCC Research analyst Todd Graham. “Chemical manufacturers are experimenting and using these technologies for a variety of purposes. The most important of these uses is creating new blends of chemical products that can be further tested for research and development purposes. In addition, there has been some work done to use this technology for quality control during the manufacturing process.”
Liquid Handling: Technologies and Global Markets (BIO142A) examines industrial, academic and government uses for liquid handling technology. The report identifies industry growth drivers, trends, opportunities, and historical and present patent activity. Projected yearly revenues through 2019 also are presented.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.
Liquid Handling: Technologies and Global Markets( BIO142A )
Publish Date: Dec 2015
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