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.

Leading vendors in the market are –

• Peak Analysis & Automation (PAA)
• Thermo Fisher Scientific
• Tecan Group
• Yaskawa Electric

Other prominent vendors in the laboratory robotics market include AB Controls, Aerotech, ALS Automated Lab Solutions, Anton Paar, Aurora Biomed, Biosero, Chemspeed Technologies, Cleveland Automation Engineering, Hamilton Robotics, HighRes Biosolutions, Hudson Robotics, Labman, Protedyne, ST Robotics, Synchron, Universal Robots.

Segmentation by end-user and analysis of the laboratory robotics market

• Clinical laboratories
• Research laboratories

During 2016, the clinical laboratories segment dominated the laboratory robotics market and accounted for a major part of the overall market share. Factors such as the rapid and high throughput analysis of samples and better medical treatment capabilities are the major contributors to the dominance of this segment in the global market.

Geographical segmentation and analysis of the laboratory robotics market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the Americas to dominate the laboratory robotics market during the forecast period. Factors such as the rise in aging population and the high demand for healthcare services are the key attributors to the growth of the laboratory robotics market in the region. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global laboratory robotics market?
• What are the key market trends impacting the growth of the global laboratory robotics market?
• What are the challenges to market growth?
• Who are the key vendors in the global laboratory robotics market?
• What are the market opportunities and threats faced by the vendors in the global projector screen market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global laboratory robotics market?

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