Global Liquid Handling Market 2017-2021
About Liquid Handling
Liquid handling can be defined as the ability to transfer liquid samples in a precise quantity and manner for the purpose of conducting analysis and production of drugs. It includes manual pipettes, automatic pipettes, and automated liquid handling systems. Laboratory services are important components of essential healthcare systems and other industries. They play a critical role in public health, in disease control and surveillance. If laboratory services have to support healthcare systems effectively, they need to provide reliable, valid, and timely results.
Technavio’s analysts forecast the global liquid handling market to grow at a CAGR of 6.87% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global liquid handling market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Liquid Handling Market 2017-2021
Technavio recognizes the following companies as the key players in the global liquid handling market: Labnet International, Bio-Rad Laboratories, Aurora Biomed, Gilson, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: Accel Biotech, Andrew Alliance, BioTek, BRAND, Beckman Coulter (Danaher), Alpaqua Engineering, Analytik Jena US, Dynex Technologies, Eppendorf, Fluotics, Formulatrix, and Hamilton.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is focus on real-time and digitalized treatment. The diagnosis helps for individualized treatment and disease management and provides real-time and quick results. Tests such as glycated hemoglobin and blood glucose monitoring for diabetes, cholesterol monitoring for lipid-lowering therapies, and monitoring of antiretroviral drug levels in the blood for HIV infections, allow clinicians to obtain diagnostic information and reduce the likelihood of complications.”
According to the report, one driver in market is cost and time saving. In the US, rising healthcare expenditures encourage physicians to eliminate unnecessary spending while providing quality patient care. Though the reference laboratory tests represent a small percentage of the hospital’s total test volume, it is a disproportionate percentage of laboratory costs. The hospitals do not have the equipment or the expertise to run and interpret every test that the physicians order. However, reference lab vendors can perform difficult and esoteric procedures that are not possible to perform in the in-house hospital laboratories. Few tests are rare and require expensive equipment that most of the hospitals find difficult to purchase and use in the in-house laboratories. However, reference and diagnostic laboratories find it economically feasible to offer these tests, because they can perform them for the hospitals across the country. The labs can invest in the very best and most up-to-date equipment because they have a high number of clients.
Further, the report states that one challenges in market is lack of trained professionals. Most of the critical diagnostic tests are performed in laboratories by highly skilled staff. These critical diagnostic tests are in their infancy stage in developing countries. Most of the medical professionals and lab technicians have a lack of knowledge about the technology and its benefits. If any wrong input is provided while utilizing automated liquid handling equipment, it could hamper the outcome of the data, which can significantly impact the medical diagnosis. Hence, the lack of expertise enhances the probability of a wrong diagnosis. Therefore, it is important to educate the staff on the usage of critical diagnostic devices, and failure to do so can prompt the hospitals to switch back to traditional laboratory tests rather than referring the new technological advanced test in reference laboratories. Furthermore, the requirement of trained professionals for handling automated liquid handling system is necessary, as the accuracy and reliability play a very vital role in laboratories.
Labnet International, Bio-Rad Laboratories, Aurora Biomed, Gilson, Thermo Fisher Scientific, Accel Biotech, Andrew Alliance, BioTek, BRAND, Beckman Coulter (Danaher), Alpaqua Engineering, Analytik Jena US, Dynex Technologies, Eppendorf, Fluotics, Formulatrix, and Hamilton.
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