+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Liquid Handling System Market - Global Outlook & Forecast 2022-2027

  • PDF Icon


  • 344 Pages
  • October 2022
  • Region: Global
  • Arizton
  • ID: 5671344
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The global liquid handling system market is expected to grow at a CAGR of 6.79% during 2022-2027.


Liquid handling involves the movement of liquid reagents through various laboratories' diverse range of large-scale analyzers, instruments, and platforms. The liquid handling tools are used in various laboratory applications ranging from research to clinical applications to handle various samples with accurate measurements.

Growth in the global liquid handling system market is driven primarily by the growth of the pharmaceutical biotechnology sector, increased R&D spending by biopharmaceutical companies, and growth in life sciences research backed by favorable funding scenarios.

The research associations and other medical institutions are conducting various clinical trials to develop suitable anti-COVID drugs and testing devices. They are expected to support the global liquid handling system market growth. For example, in 2020, Hamilton announced a test job for the automated COVID-19 testing workstations and high-speed priority tracking of all orders related to fighting virus pandemics.


  • R&D is the lifeline of the pharmaceutical industry. The success of large pharmaceutical companies depends almost entirely on the discovery and development of new drugs, and their capital spending (fixed investment) allocation reflects this fact. Average spending is over 25% of revenue, but some companies spend significantly more.
  • Biopharmaceutical research and development continued at a record pace in 2021, despite the COVID-19 pandemic. According to the data, 5,500 newly planned clinical trials launched last year have increased by 14% since 2020.
  • Approval and launch of new drugs continued to accelerate in 2021, with 84 new drugs entering the market. This is twice as much as it was five years ago. With more than 6,000 product pipelines under active development, up 68% compared to 2016, the pace of pharma R&D will be maintained over the next few years.


  • Surge in Demand for Liquid Handling Workstations
  • In today's research and clinical genomics labs, sample preparation is an experimental bottleneck, especially for high-throughput next-generation sequencing (NGS). More and more genomics labs are looking to automate liquid processing to make sequence workflows more efficient and cost-effective. The industrial-scale genomics lab also employs automation to increase productivity. For example, screening genes that encode many proteins to determine the structure of a protein requires several experiments under different conditions. Integrating microarray experiments and automation has enabled high-throughput analysis of sequences and simultaneous monitoring of thousands of genes in large biotechnology companies.
  • The liquid processing workstation must meet standard requirements such as high throughput, high precision, and high precision, especially in small quantities for use in life science labs. In addition, such robots on the market have a variety of characteristics that suit specific laboratory requirements.
  • The liquid processing robots on the market meet NGS's wide range of automation needs. Some, such as PerkinElmer's Sciclone NGSxiQ workstation, take this one step further by offering on-deck thermal cycling and chip box storage for full automation of the NGS protocol. Agilent's Bravo NGS, unlike many other robots, has an advanced microplate management system that can include a microplate thermal sealer, a centrifuge, and a plate barcode labeler.

Diversified Applications of Liquid Handling Systems in the Lifesciences Industry

  • Over the past century, life science research has helped scientists discover the biological basis of life and develop ways to overcome illness. Modern Life Science Institutes often require high-throughput liquid processing for efficiency reasons. For example, the number of genes encoding species of proteins involved in protein structure determination is enormous, somewhere between 20,000 and 25,000.
  • Liquid handling plays a central role in the Life Science Institute. Experiments such as gene sequencing, protein crystallization, antibody testing, and drug screening require liquid biosamples to be moved between different-sized containers and dispensed into different types of substrates.
  • Kevin Rosovsky, CEO of Caliper Life Sciences, said laboratory automation had received great attention in recent years. The robotic technology that has long been found in factory automation is being used for automated liquid handling. In addition, new application-specific devices are constantly being developed for this purpose. “Getting 500,000 test points a day opens up a new strategy in drug discovery.”
Surge in Demand for Liquid Handling to Manage Large Volume of Samples During Covid-19
  • The pharmaceutical and healthcare industry's response to the COVID-19 pandemic has led to the development of over 1000 vaccine and therapeutic candidates, with nearly 5,000 clinical trials underway. This revolutionary explosion, coupled with a shift to more outsourcing by pharmaceutical and biotechnology companies, has created a surge in demand for liquid handling systems.
  • The range of bioanalysis required is overwhelming. New therapies require pharmacokinetic, immunogenicity, and biomarker assays. Nucleic acid amplification test (NAAT) and antigen test are needed for the diagnosis of COVID-19 and registration of clinical trials. Apart from the development of therapeutics and vaccines for COVID19, millions of tests are performed every day globally.
  • As of June 2, 2022, the U.S. conducted more than one billion tests for COVID-19. The U.S. is the most abundant country in the world. Russia has conducted more than 273 million tests. The COVID-19 pandemic puts a heavy burden on healthcare systems around the world. Thus, during COVID-19, the laboratories are under strain with a large volume of samples of COVID-19 vaccines, therapeutics drugs, and COVID-19 tests. The laboratories need large numbers of liquid handling equipment to accelerate the growth of the sample’s performance. The millions of COVID-19 testing are required for the automated system to manage the large scale of samples during COVID-19. Such factors of the pandemic have boosted the growth of the global automated liquid handling system market.



Among all product segments in the global liquid handling system market, the pipettes segment reported a significant share of around 28.41% in 2021. The pipette segment is estimated to be higher because there are both fixed volume pipettes and adjustable volume pipettes on the market. The former is more accurate and precise, while the latter has a broader scope, so the operator can choose different volumes depending on the experiment's needs. Electronic pipettes are considered more accurate because they are user experience independent and can achieve self-calibration with visual feedback. After all, users can get the wrong volume, even if it requires thousands of trials each day.

Segmentation by Product

  • Pipettes
  • Automated Liquid Handling System (ALHS)
  • Microplate Reagent Dispensers (MRD)
  • Burettes
  • Others


The method segment is divided into electronic, automated, and manual. The electronic segment reported a major share in 2021 and is estimated to be higher because electronic pipettes are an efficient approach to boost sample throughput without using a robot and are an excellent ergonomic alternative to manual pipettes. Electronic pipettes frequently allow the user to write unique programs on the device, allowing the pipettes to be customized to meet various application demands. Electronic pipettes, like manual pipettes, come in various configurations, including single channel, multi-channel, 96-well, and 364-well.

Segmentation by Method

  • Electronic
  • Automated
  • Manual

Advantages of Electronic Micropipettes

  • User-friendly, effortless, and efficient
  • Precise and accurate
  • Simplifying complex pipetting
  • Time-saving


The global liquid handling system market on the basics of application is dominated by the drug discovery & development segment in 2021. The growth can be attributed to the segment as drug discovery has largely undergone a revolution over the last two decades due to the widespread adoption of automated liquid handling. Automated liquid handling systems have been implemented across the whole pharmaceutical and biotechnology pipeline due to a competitive necessity to enhance throughput and increase production while assuring the highest accuracy and repeatability standards. Laboratory automation, which is available on the market, is one solution for this set of issues. High-throughput screening allows researchers to quickly analyze the activity of many chemicals against a specific biological target, which is made possible by automated robots and workstations.

Segmentation by Application

  • Drug Discovery & Development (DDD)
  • Clinical Diagnostics
  • Proteomics & Genomics
  • Others


Among all end-users, the pharma & biotech companies segment reported a significant share of 31.01% in 2021 in the global liquid handling system market. The pharma & biotech companies market segment is estimated to be higher because, as an industry, pharma & biotech companies research, develop, and commercialize drugs primarily made from artificial sources. Drug development can take years to go through the R&D phase before reaching the market. Part of the long R&D process is approval by the Food and Drug Administration (FDA). As the pharma companies are investing billions of dollars in R&D of the drug product, they require sophisticated liquid handling systems to rapidly perform the task such as drug sample screening, analysis, etc.

Segmentation by End User

  • Pharma & Biotech Companies (PBC)
  • Academic & Research Labs/Centers (ARLC)
  • Clinical Diagnostics Labs (CDL)
  • Others End Users (OEU)Tankers


Among all geography, the North American segment reported a significant share of around 31.01% in 2021 in the global liquid handling system market. The North America segment is estimated to be higher because the liquid handling system market in North America has been improving alongside the growth in drug research & development, genomics & proteomics, and growth in the R&D activities in research and academic laboratory. The North American liquid handling system market is well established with prominent laboratory equipment companies. The rise in drug development has greatly increased the demand for ALHS in this region. The U.S. is the major revenue contributor in North America mainly due to an increase in the high demand for cell and gene therapy development, demand for genomics, and proteomics, reflecting the growth in awareness of personalized medicines and their benefits against chronic diseases.

Europe accounted for the second-highest share in the global liquid handling system market in 2021. Europe has developed healthcare infrastructure and has significantly contributed to research and development. Their research labs are equipped with advanced infrastructure to perform complex research. These laboratories use different types of liquid handling, such as electronic pipettes and ALHS, which are significant tools to cater to lab research needs.

Segmentation by Geography

  • APAC
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • North America
  • US
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • South Africa
  • UAE


The liquid handling system market is highly dynamic, with several global and local players offering a diverse range of LHS and associated software. The market is consolidated with the global players accounting for high shares. In 2021, Thermo Fisher Scientific, Danaher, METTLER TOLEDO, Eppendorf, Agilent Technologies, Tecan, and Corning Incorporated were the leading players that accounted for significant shares in the global liquid handling system market.

The global players focus on developing innovative products and expanding their product portfolio to remain competitive in the market. They are investing extensively in R&D and product development activities to expand their product portfolio. Manufacturers such as Thermo Fisher Scientific, Danaher, METTLER TOLEDO, and Eppendorf continuously focus on product development and offer sophisticated liquid handling systems with new technology to increase their market presence.

Key Vendors

  • Thermo Fisher Scientific
  • Agilent Technologies
  • Tecan
  • Danaher
  • Eppendorf
  • Corning Incorporated

Other Prominent Vendors

  • BrandTech Scientific
  • Borosil
  • CooperSurgical Fertility Solutions
  • Flow Robotics
  • Gilson
  • Greiner Bio-One International
  • HiTec Zang
  • Hudson Robotics
  • Hamilton Company
  • Ingersoll Rand
  • Metrohm
  • Orochem Technologies
  • PerkinElmer
  • HighRes Biosolutions
  • Sartorius
  • SPT Labtech
  • Tianlong
  • Vitrolife
  • Wuhan Bonnin Technology
  • Waters Corporation
  • Integra Biosciences
  • Peak Analysis and Automation
  • Synchron Lab Automation


1. What is the size of the global liquid handling system market?
2. What is the growth rate of the global liquid handling system market?
3. What are the key driving factors in the liquid handling system market?
4. Who are the key vendors in the global liquid handling system market?
5. Which region holds the largest global liquid handling system market share?
6. What is the expected growth rate of the electronic method segment in the liquid handling system market by 2027?

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Product
4.3.2 Market Segmentation by Method
4.3.3 Market Segmentation by Application
4.3.4 Market Segmentation by End-user
4.3.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Surge in R&D Initiatives Across Life Sciences Sector
7.1.2 Application of Liquid Handling in Personalized Medicine/ Genomics
8 Premium Insights
8.1 Overview
8.1.1 Global Liquid Handling System Market Scenario
8.1.2 Market Segmentation
8.1.3 Vendor Analysis
9 Market Opportunities & Trends
9.1 Expanding Role of Liquid Handling in Genomics & Proteomics
9.2 Surge in Demand for Liquid Handling Workstations
9.3 Growing Importance of Lab Automation Integrated With Liquid Handling Equipment
10 Market Growth Enablers
10.1 Diversified Applications of Liquid Handling Systems in Life Science Industry
10.2 Increase in R&D Activities & Investments in Healthcare Industry
10.3 High Demand for Liquid Handling Systems to Manage Large Volumes of Covid-19 Samples
10.4 Focus on High-Throughput Screening & Data Precision
11 Market Restraints
11.1 High Cost of Liquid Handling Systems
11.2 Risk of Errors in Liquid Handling
11.3 Slow Adoption of Automation Among Small and Medium-Sized Laboratories
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.2.1 Insights by Geography
12.2.2 Insights by Product
12.2.3 Insights by Application
12.2.4 Insights by Method
12.2.5 Insights by End-user
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Product
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Pipette
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Automated Liquid Handling System
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
13.5 Microplate Reagent Dispenser
13.5.1 Market Overview
13.5.2 Market Size & Forecast
13.5.3 Market by Geography
13.6 Burette
13.6.1 Market Overview
13.6.2 Market Size & Forecast
13.6.3 Market by Geography
13.7 Others
13.7.1 Market Overview
13.7.2 Market Size & Forecast
13.7.3 Market by Geography
14 Method
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Electronic
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography
14.4 Automated
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
14.5 Manual
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market by Geography
15 Application
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Drug Discovery & Development
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market by Geography
15.4 Clinical Diagnostics
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Market by Geography
15.5 Proteomics & Genomics
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.5.3 Market by Geography
15.6 Others
15.6.1 Market Overview
15.6.2 Market Size & Forecast
15.6.3 Market by Geography
16 End-user
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Pharmaceutical & Biotechnology Companies
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.3.3 Market by Geography
16.4 Academic & Research Laboratories/Centers
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.4.3 Market by Geography
16.5 Clinical Diagnostic Laboratories
16.5.1 Market Overview
16.5.2 Market Size & Forecast
16.5.3 Market by Geography
16.6 Others
16.6.1 Market Overview
16.6.2 Market Size & Forecast
16.6.3 Market by Geography
17 Geography
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview
18 North America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Key Countries
18.3.1 Us: Market Size & Forecast
18.3.2 Canada: Market Size & Forecast
19 Europe
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Key Countries
19.3.1 Germany: Market Size & Forecast
19.3.2 France: Market Size & Forecast
19.3.3 Uk: Market Size & Forecast
19.3.4 Italy: Market Size & Forecast
19.3.5 Spain: Market Size & Forecast
20 Apac
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Key Countries
20.3.1 China: Market Size & Forecast
20.3.2 India: Market Size & Forecast
20.3.3 Japan: Market Size & Forecast
20.3.4 South Korea: Market Size & Forecast
20.3.5 Australia: Market Size & Forecast
21 Latin America
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Key Countries
21.3.1 Brazil: Market Size & Forecast
21.3.2 Mexico: Market Size & Forecast
21.3.3 Argentina: Market Size & Forecast
22 Middle East and Africa
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Key Countries
22.3.1 Turkey: Market Size & Forecast
22.3.2 Saudi Arabia: Market Size & Forecast
22.3.3 South Africa: Market Size & Forecast
22.3.4 Uae: Market Size & Forecast
23 Competitive Landscape
23.1 Competition Overview
23.2 Market Share Analysis
24 Key Company Profiles
24.1 Thermo Fisher Scientific
24.1.1 Business Overview
24.1.2 Thermo Fisher Scientific in Liquid Handling Systems Market
24.1.3 Product Offerings
24.1.4 Key Strategies
24.1.5 Key Strengths
24.1.6 Key Opportunities
24.2 Agilent Technologies
24.2.1 Business Overview
24.2.2 Agilent Technologies in Liquid Handling Systems Market
24.2.3 Product Offerings
24.2.4 Key Strategies
24.2.5 Key Strengths
24.2.6 Key Opportunities
24.3 Mettler Toledo
24.3.1 Business Overview
24.3.2 Mettler Toledo in Liquid Handling Systems Market
24.3.3 Product Offerings
24.3.4 Key Strategies
24.3.5 Key Strengths
24.3.6 Key Opportunities
24.4 Tecan
24.4.1 Business Overview
24.4.2 Tecan in Liquid Handling Systems Market
24.4.3 Product Offerings
24.4.4 Key Strategies
24.4.5 Key Strengths
24.4.6 Key Opportunities
24.5 Danaher
24.5.1 Business Overview
24.5.2 Danaher in Liquid Handling Systems Market
24.5.3 Product Offerings
24.5.4 Key Strategies
24.5.5 Key Strengths
24.5.6 Key Opportunities
24.6 Eppendorf
24.6.1 Business Overview
24.6.2 Eppendorf in Liquid Handling Systems Market
24.6.3 Product Offerings
24.6.4 Key Strategies
24.6.5 Key Strengths
24.6.6 Key Opportunities
24.7 Corning Incorporated
24.7.1 Business Overview
24.7.2 Corning Incorporated in Liquid Handling Systems Market
24.7.3 Product Offerings
24.7.4 Key Strategies
24.7.5 Key Strengths
24.7.6 Key Opportunities
25 Other Prominent Vendors
25.1 Brand
25.1.1 Business Overview
25.1.2 Product Offerings
25.2 Borosil
25.2.1 Business Overview
25.2.2 Product Offerings
25.3 Biotec
25.3.1 Business Overview
25.3.2 Product Offerings
25.4 Cellink
25.4.1 Business Overview
25.4.2 Product Offerings
25.5 Coopersurgical Fertility Solutions
25.5.1 Business Overview
25.5.2 Product Offerings
25.6 Formulatrix
25.6.1 Business Overview
25.6.2 Product Offerings
25.7 Flow Robotics
25.7.1 Business Overview
25.7.2 Product Offerings
25.8 Gilson
25.8.1 Business Overview
25.8.2 Product Offerings
25.9 Greiner Bio-One International
25.9.1 Business Overview
25.9.2 Product Offerings
25.10 Hitec Zang GmbH
25.10.1 Business Overview
25.10.2 Product Offerings
25.11 Hudson Robotics
25.11.1 Business Overview
25.11.2 Product Offerings
25.12 Hamilton Company
25.12.1 Business Overview
25.12.2 Product Offerings
25.13 Ingersoll Rand
25.13.1 Business Overview
25.13.2 Product Offerings
25.14 Metrohm
25.14.1 Business Overview
25.14.2 Product Offerings
25.15 Orochem Technologies
25.15.1 Business Overview
25.15.2 Product Offerings
25.16 Perkinelmer
25.16.1 Business Overview
25.16.2 Product Offerings
25.17 Highres Biosolutions
25.17.1 Business Overview
25.17.2 Product Offerings
25.18 Sartorius
25.18.1 Business Overview
25.18.2 Product Offerings
25.19 Spt Labtech
25.19.1 Business Overview
25.19.2 Product Offerings
25.20 Tomtec Imaging Systems
25.20.1 Business Overview
25.20.2 Product Offerings
25.21 Tianlong
25.21.1 Business Overview
25.21.2 Product Offerings
25.22 Vitrolife
25.22.1 Business Overview
25.22.2 Product Offerings
25.23 Wuhan Bonnin Technology
25.23.1 Business Overview
25.23.2 Product Offerings
25.24 Waters Corporation
25.24.1 Business Overview
25.24.2 Product Offerings
25.25 Integra Biosciences
25.25.1 Business Overview
25.25.2 Product Offerings
25.26 Peak Analysis and Automation
25.26.1 Business Overview
25.26.2 Product Offerings
25.27 Synchron Lab Automation
25.27.1 Business Overview
25.27.2 Product Offerings
26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendations
27 Quantitative Summary
27.1 Market by Product
27.1.1 North America: Product Segmentation
27.1.2 Europe: Product Segmentation
27.1.3 Apac: Product Segmentation
27.1.4 Latin America: Product Segmentation
27.1.5 Middle East & Africa: Product Segmentation
27.2 Market by Method
27.2.1 North America: Method Segmentation
27.2.2 Europe: Method Segmentation
27.2.3 Apac: Method Segmentation
27.2.4 Latin America: Method Segmentation
27.2.5 Middle East & Africa: Method Segmentation
27.3 Market by Application
27.3.1 North America: Application Segmentation
27.3.2 Europe: Application Segmentation
27.3.3 Apac: Application Segmentation
27.3.4 Latin America: Application Segmentation
27.3.5 Middle East & Africa: Application Segmentation
27.4 Market by End-user
27.4.1 North America: End-User Segmentation
27.4.2 Europe: End-User Segmentation
27.4.3 Apac: End-User Segmentation
27.4.4 Latin America: End-User Segmentation
27.4.5 Middle East & Africa: End-User Segmentation
27.5 Market by Geography
27.5.1 Pipette: Geography Segmentation
27.5.2 Automated Liquid Handling System: Geography Segmentation
27.5.3 Microplate Reagent Dispenser: Geography Segmentation
27.5.4 Burettes: Geography Segmentation
27.5.5 Others: Geography Segmentation
27.5.6 Electronic: Geography Segmentation
27.5.7 Automated: Geography Segmentation
27.5.8 Manual: Geography Segmentation
27.5.9 Drug Discovery & Development: Geography Segmentation
27.5.10 Clinical Diagnostics: Geography Segmentation
27.5.11 Proteomics & Genomics: Geography Segmentation
27.5.12 Other Applications: Geography Segmentation
27.5.13 Pharmaceutical & Biotechnology Companies: Geography Segmentation
27.5.14 Academic & Research Laboratories/Centers: Geography Segmentation
27.5.15 Clinical Diagnostic Laboratories: Geography Segmentation
27.5.16 Other End-users: Geography Segmentation
28 Appendix
28.1 Abbreviations

Companies Mentioned

  • Thermo Fisher Scientific
  • Agilent Technologies
  • Tecan
  • Danaher
  • Eppendorf
  • Corning Incorporated
  • BrandTech Scientific
  • Borosil
  • CooperSurgical Fertility Solutions
  • Flow Robotics
  • Gilson
  • Greiner Bio-One International
  • HiTec Zang
  • Hudson Robotics
  • Hamilton Company
  • Ingersoll Rand
  • Metrohm
  • Orochem Technologies
  • PerkinElmer
  • HighRes Biosolutions
  • Sartorius
  • SPT Labtech
  • Tianlong
  • Vitrolife
  • Wuhan Bonnin Technology
  • Waters Corporation
  • Integra Biosciences
  • Peak Analysis and Automation
  • Synchron Lab Automation


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.