Global Laboratory Robotics Market 2017-2021

Overview of the global laboratory robotics market

Technavio’s market research analyst predicts the global laboratory robotics market to grow steadily at a CAGR of above 8% by 2021. One of the primary drivers for this market is the incorporation of human and product safety. The need to ensure the safety of manual workers and the adoption of stringent regulatory protocols in laboratories has initiated businesses to adopt robotic technologies for critical process applications. Chemical and pharmaceutical industries are categorized as harsh working environments, with the presence of carcinogenic toxins and hazardous substances. Also, these industries also carry a significant volume of flammable materials and are therefore at a risk of a mishap or an accident. Laboratory robots deployed in these industries can assist businesses to execute day-to-day operations without any significant threat to human life and property. Consequently, robots are essential in providing support to industries for tackling human safety and product deviation issues. These advantages of robots are expected to propel growth in the global laboratory robotics market during the forecast period.

One of the latest trends gaining traction in this market is the increasing dependence of laboratory robots on sensors and analytics in laboratory robots. The growth in the sensory market and the availability of highly advanced application specific sensors is expected to fuel more R&D activities in autonomous mobile robots. Various inspection sensors in robots deployed for chemical laboratories include chemical detectors to measure concentrations of gases such as methane. Also, sensors for laboratory robots possess temperature detection property in case of overheating in equipment. This factor generates a high volume of data to be matched and linked with historical information to combine an effective diagnostic capability for laboratories. Collecting and validating these data helps laboratories to provide a direction to their approach in carrying out research. This, in turn, is expected to augment growth in the global laboratory robotics market in the coming years.

Competitive landscape and key vendors

The global laboratory robotics market is characterized by the presence of few manufacturers and several system integrators and automation solution providers. Vendors primarily focus on system engineering to reduce the operational cost. With an increase in the requirement for new robotic installations in clinical and research diagnostic canters, a number of new vendors are expected to enter the laboratory robotics market in the next four years.