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European Robotic Liquid Handling Devices for Genomics Market Forecast to Reach $665.8 Million by 2026

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European Robotic Liquid Handling Devices for Genomics Market Forecast to Reach $665.8 Million by 2026

October 28
00:30 2021
European Robotic Liquid Handling Devices for Genomics Market Forecast to Reach $665.8 Million by 2026
European Robotic Liquid Handling Devices for Genomics Market
Technological Advancements Associated With Robotic Liquid Handling Devices And Rise In Genomics Applications Are Driving The Growth For European Robotic Liquid Handling Devices of Genomics Market

The market for European robotic liquid handling devices for genomics is forecast to reach $665.8 million by 2026, growing at a CAGR of 3.3% from 2021 to 2026. The market growth is attributed to its precise, accurate, fast and consistent operations. Moreover, technological advancements associated with robotic liquid handling systems, lack of skilled professionals and improved error-free operations propels the market growth. Automation is adopted in the wide range of life science applications ranging from genomics & proteomics to systems biology. Unlike manual liquid handling, ALH micropipettes are precise, accurate, fast and consistent in its operations. In addition, ALH also decrease errors within and between operations, help conserve expensive reagents and rare or hard to- produce samples and save time. The key drivers attributed to the growing demand for automated liquid handling systems market include technological advancements associated with ALH systems, immunohistochemistry, lack of skilled professionals and improved error free operations with liquid handling robot systems over manual liquid handling systems. Operational complexity coupled with the cost my acts as restraint for the market growth. 

European Robotic Liquid Handling Devices for Genomics Market Segment Analysis – By Modality Type

European robotic liquid handling devices for genomics market is segmented into disposable tips and fixed tips on the basis of modality type. The disposable tips type segment is anticipated to hold the highest market share at 68% in 2020 owing to its various reimbursements. Disposable tips offer a secure way of treating toxic or biohazardous products. Adding to this, the pipetting air displacement technique only operates with disposable tips that improves efficiency and flexibility while eliminating extra measures while transferring liquids or flushing the device. When using an air-displacement method an inline filter is an efficient way to avoid moisture from being pulled through the tubes in case by utilizing an inaccurate disposable tip. These filters is perhaps a cost-effective protection against unnecessary replacements, which would be simple to install without a service technician’s assistance.

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European Robotic Liquid Handling Devices for Genomics Market Segment Analysis – By Application Type

PCR (polymerase chain reaction) setup segment held the highest market share of European robotic liquid handling devices for genomics in 2020. Moreover, it is anticipated to witness the significant market growth during the forecast period 2021-2026 at 5.6% CAGR. PCR is a prevalent method for the intensification of minute nucleic acid amounts. The approach has been an important diagnostic and analysis resource for infectious dermatology, because of its exceptional responsiveness. In addition, PCR can be used on all tissues or samples such as fresh tissues, tissues embedded in paraffin, blood, faeces and others. Samples in poor conditions may also be examined, as only fairly short intact DNA sequences are needed. Consequently archival resources can be used for retrospective studies. The long-stay of DNA in formalin could get spoiled, and that amplification subsequently failed thereby modulation is dependent on conserving the target DNA.

European Robotic Liquid Handling Devices for Genomics Market Segment Analysis – By Geography

Genomics is the rapidly increasing and incredibly diverse global field. In the field of genomics the UK is in a strong position internationally. It has played a role in genomics history and growth, and is regarded as having good academic talent and field expertise. U.K universities are now improving their capacity to translate research knowledge into market strategies through technology transfer bureaus. This is apparent from the growing number of medical spin-outs in the U. K and even the distribution of U.K. firms in the sector. The opportunity for the UK is to scale up and aggressively sell further innovations to draw on the size of its intellectual advantages in economic growth. Policy expenditures in this field have had a multiplier impact on related industrial employment. In March 2019, the UK Government’s approached optimistically towards integrating genomics into healthcare. This has created unprecedented prospects for biotech companies in the region that are now taking advantage of the market prospects. Consequently this leverages a positive impact on the European robotic liquid handling devices for genomics market.

European Robotic Liquid Handling Devices for Genomics Market Drivers

Technological advancements associated with robotic liquid handling devices

Improvements in disposable tip technology, autonomous probe positioning, tracking air displacement, and the auto load alternative extend the scope of liquid handling robotics by enhancing process reliability and flexibility. Several errors inherent in modern laboratory automation are avoided or minimized considerably, such as failure of the tip connection or failure of the aspiration without confirmation.Improved efficiency of the procedure contributes to better, more reliable analytical performance, thereby boosting market growth.

Rise in Genomics Applications

As per the National Center for Biotechnology Information, U.S, the progression in oncology (study and treatment of tumor) expenses is forecast to rise 7%–10% annually throughout 2020, with universal oncology cost exceeding $150 billion. As per the WHO, cancer is a leading cause of death worldwide, accounting for an estimated 9.6 million deaths in 2019. And the total annual economic cost of cancer at the initial period of this decade was estimated at approximately $1.16 trillion. Thus the application of genomics in exploring cell-free circulating DNA by several R&D sectors as a potential biomarker for cancers is driving the market towards exponential growth. The genomics market with its current potential displays all the necessary traits it can adapt in the coming years to divert a huge chunk of traffic and revenue from the omnipresent cancer diagnostics. As per the Food and Agriculture Organization of United Nations, between 1960 and 1990 the arable land increased by 1.5 billion ha, and in the recent past decades the elevation recorded is just 155 million ha. With decreasing arable floor and the increasing global population augmenting the demand for food by 70% (by 2050), obtaining a high yield is a major trend in the agricultural sector. Genomics market is all set to capitalize on this unprecedented demand scenario. Genomics supplements the understanding of gene function and the accessibility of genomic maps along with an enhanced understanding of genetic variant, thus aiding the plant breeders to identify the traits and then manipulate those traits to obtain a high yield.

European Robotic Liquid Handling Devices for Genomics Market Challenges

High cost of equipment

The prices of the electronic and automatic liquid handling systems are one of the key challenges in this industry. Software used in the robotic liquid handling systems are ostentatious. Consequently cost factor act as restraint for the market growth.

European Robotic Liquid Handling Devices for Genomics Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the European robotic liquid handling devices for genomics market. As of 2020, the market for European robotic liquid handling devices for genomics market is consolidated with the top players including Illumina, Inc., Thermo Fisher Scientific, Inc., Abcam Plc., Epizyme, Inc., Agilent Technologies, Qiagen N.V., Merck & Co., (Merck), Active Motif, Diagenode, Inc., Zymo Research Corporationand among others.

Acquisitions/Technology Launches/Partnerships

In January 2020, at the 28th International Plant and Animal Genome Conference in San Diego Arbor Bioscience and Curio Genomics revealed an important extension of their current collaboration. The expansion aims to offer a range of new first-in-class goods and technologies for industrial plant research and production as well as non-profit organizations, consortia and academic institutions.

Key Takeaways

Robotic workstations for practical genomics are useful for replicating clone collections, setting up and cleaning PCR and sequencing, hit selection, filling gel, and purification procedures for nucleic acids. Workstations not only maximize the performance, but also ensure accurate execution of assay steps, human error and curve-free learning from run to run.

U.K region is expected to dominate the global European robotic liquid handling devices for genomics market during the forecast period 2021-2026. The market growth is due to the reduced sequencing prices, rising funding from programs funded by national and foreign governments, pharmaceutical firms and others.

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