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The global laboratory automation systems market size is estimated to grow by USD 2.01 billion at a CAGR of 8.68% between 2022 and 2027.
There has been an increasing demand for laboratory automation software services across the globe. Companies have started offering software as an additional service with their laboratory automation systems to maintain customer loyalty and ensure quality results. In addition, these software services are equipped with an intuitive and flexible user interface, which enables the analysis of data sample. Moreover, these software services resemble the manual plating procedure.Furthermore, apart from being compliant with regulatory recommendations such as the Certificates of Analysis (COA) and the Certificates of Conformance (COC), these software services can be altered according to the needs of end-users. Hence, such factors are positively impacting the market.
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The pharmaceutical and biotechnology companies segment is estimated to witness significant growth during the forecast period. The growing focus of pharmaceutical and biotechnology companies on applications such as high-content screening (HCS) and the use of laboratory automation systems for drug discovery solutions have led to a substantial rise in productivity in the drug discovery process, which is driving the growth of the segment. In addition, during the drug discovery process, the screening of clinically relevant compounds is performed using laboratory automation systems such as automated liquid handling systems.
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The pharmaceutical and biotechnology companies segment was the largest segment and was valued at USD 1.02 billion in 2018. Therefore, biological compounds that exhibit a specific property are isolated and used for drug development. In addition, at this stage, laboratory automation systems are used to quantify and analyze the screening assay swiftly by using precise and accurate quantities of liquid samples. Moreover, automated systems can function for a long duration with minimum monitoring and instruction, thereby allowing companies to concentrate on their core work and lower their time on repetitive tasks. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
The equipment segment in the global market is expected to register a significant growth fuelled by the growth of the equipment segment including technological advancements in laboratory automated equipment and an increasing focus on drug discovery and development. In addition, the rising adoption of personalized medicine and stringent regulatory requirements in industries such as pharmaceuticals, biotechnology, and healthcare necessitate the use of validated laboratory automated systems that comply with regulatory standards. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
The software and services segment in the global market is expected to grow as these software and services help the labs achieve standardized and real-time analysis. In addition, as more laboratories adopt automation solutions, the demand for software to manage and control these systems will increase. Moreover, this software includes laboratory information management systems (LIMS), laboratory information systems (LIS), chromatography data systems (CDS), electronic lab notebooks (ELN), and scientific data management systems (SDMS). Furthermore, the software serves to enable the user to define, execute, and monitor scientific processes and workflows in a powerful and easy-to-use visual environment. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers will shape the market during the forecast period.
Several factors such as significant investments made in the field of precision medicine, genomics, and proteomics; strong distribution networks; increasing focus of pharmaceutical companies on drug discovery and development; and presence of strong players such as Abbott Laboratories, Agilent Technologies Inc., and Thermo Fisher Scientific Inc. drive the market in the US. In addition, companies in the region are striving to launch new products and allied services such as software programs. This, in turn, is attracting end-users to purchase laboratory automation systems. Moreover, the implementation of robotics and automation has been supporting the transformation of the clinical research industry. Hence, such factors are driving the market in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:
Abbott Laboratories: The company offers laboratory automations system such as GLP systems track. It is an innovative laboratory automation solution, offering to prove technology with flexibility and options to meet your high volume needs.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
The rising use of automated solutions in healthcare is driving the market. The main advantage of fully automated laboratory solutions can help save costs and generate accurate results. In addition, automated solutions can also help save the time of healthcare professionals, as automation replaces manually intensive tasks, which allows researchers to devote more time to analysis and data interpretation.
Moreover, automation solutions in healthcare, which include automated systems, software, and other services, also improve laboratory productivity, as they reduce the chances of human errors. In addition, they also contribute to data-driven insights, as the technology used to automate processes delivers a large volume of data, which can be used for the improvement and optimization of laboratory test performance. Furthermore, laboratory automated systems collect data about the working of the process and use the information to improve the same process, which, in turn, will increase the throughput and reduce the workload on healthcare professionals. Hence, such factors are driving the market during the forecast period.
The adoption of standardization and automation in the in-vitro diagnostics industry is an emerging trend in the market. With the reduction in clinical laboratory fees, profitability per test is declining, which makes it essential for the laboratories to focus on the volume rather than the value. In addition, it is important to obtain error-free results to ensure patient satisfaction.
Moreover, this has further encouraged the laboratories to procure more automated systems with effective workflow solutions such as laboratory automation systems. In addition, in the US, laboratories are prompted to adopt automation due to the heavy influx of patients with insurance coverage. Furthermore, the exploitation of enzymes and substrates with higher catalytic activity, better stability, and more suitable kinetics, the development of new labeling skills, and the construction of new methods are crucial for future research, which will require many laboratory procedures using laboratory automation systems. Hence, such factors are driving the market during the forecast period.
The lack of adoption of automated solutions by small-scale and medium-scale laboratories is a major challenge hindering market. Medium and small-scale laboratories handle a lesser volume of samples, as they are mostly established to address specific applications such as diagnosis and testing of biological samples. In addition, these laboratories lack adequate budgets, staff, or planning. Therefore, they do not focus on automation.
Moreover, small and medium-scale laboratories are hesitant to procure laboratory automation systems due to a lack of floor space. In addition, large-scale facilities can afford automated solutions such as laboratory automation systems for processes such as profiling of chemically relevant compounds, high-content screening (HCS), and large-scale cell culture development and maintenance. Furthermore, small and medium-scale laboratories cannot use such technologically advanced products due to a lack of space and budget. Hence, such factors are hindering the market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis analysis of the latest market trends and analysis and growth opportunities from 2018 to 2028.
The market is experiencing a transformative shift, especially in academic and research institutes. Automation is revolutionizing the field with automated instruments and streamlined processes, enabling safe working conditions and reliable results. This minimizes effort, enhances efficiency, and reduces physical strain on researchers. From sample handling to verifications and labeling tubes, automation optimizes laboratory equipment for various research processes, including microbiology and clinical chemistry.
The Continuous Flow segment and Discrete Processing segment demonstrate substantial revenue share, particularly in clinical chemistry analysis. Automation ensures high throughput analysis, efficient data analysis, and precise sample preparation. It caters to the diverse needs of small and medium-sized laboratories while adhering to stringent quality control requirements.The Modular Automation Systems segment stands out with its mix-and-match and flexibility capabilities, offering tailored solutions for specific laboratory needs. The Total Automation segment, coupled with customization services, exemplifies the industry's commitment to accuracy, time and cost savings, and integration. As government legislation encourages automation, the Lab Automation Market is poised for continuous growth, revolutionizing scientific laboratory supplies and research practices.
Laboratory Automation Systems Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.68% |
Market Growth 2024-2028 |
USD 2.01 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.26 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 42% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbott Laboratories, Agilent Technologies Inc., Becton Dickinson and Co., Bee Robotics Ltd., Biosero Inc., Cognex Corp., Eppendorf SE, F. Hoffmann La Roche Ltd., Gilson Inc., LabVantage Solutions Inc., LabWare Inc., Olympus Corp., PerkinElmer Inc, QIAGEN NV, SCINOMIX, Siemens AG, SPT Labtech Ltd., Tecan Trading AG, and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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