Global Total Lab Automation Market, By Equipment Type (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems (ASRS), Analyzers), End User (Biotechnology and Pharmaceuticals, Diagnostic Labs), Software Type (Laboratory Information Management System (LIMS), Laboratory Information System (LIS), Chromatography Data System (CDS), Electronic Lab Notebook (ELN), Scientific Data Management System (SDMS)), Application (Drug Discovery, Genomics, Proteomics, Protein Engineering, Bioanalysis, Analytical Chemistry, Clinical Diagnostics, Other Applications) – Industry Trends and Forecast to 2029
Market Analysis and Size
The total lab automation market is expected to witness significant growth during the forecast period. One of the key elements projected to accelerate market expansion in the near future is the rise in benefits provided by lab automation. Technology is used in lab automation to replace or simplify manual equipment and process manipulation. The lab's workflow determines the level of automation. To increase production and reduce time spent on boring chores, academic and research institutions frequently deploy extensive automated instruments. Additionally, it is projected that the adoption of automated tools by drug discovery departments of pharmaceutical corporations will greatly automate its research phases, driving market growth.
Data Bridge Market Research analyses a growth rate in the global total lab automation market in the forecast period 2022-2029. The expected CAGR of global total lab automation market is tend to be around 7.60% in the mentioned forecast period. The market was valued at USD 5.16 billion in 2021, and it would grow upto USD 9.27 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Total lab automation is the management and transportation of pre-analytical samples under the direction of the control software in conjunction with analyzers or work cells. It is a crucial component for increasing the effectiveness and cost-control of laboratory services. Implementing fully integrated pre-analytical and analytical systems is crucial because it increases the effectiveness of specimen processing, lowers the likelihood of laboratory errors during sorting, labelling, and aliquoting, maintains sample quality, and boosts the dependability of clinical chemistry testing.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Equipment Type (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems (ASRS), Analyzers), End User (Biotechnology and Pharmaceuticals, Diagnostic Labs), Software Type (Laboratory Information Management System (LIMS), Laboratory Information System (LIS), Chromatography Data System (CDS), Electronic Lab Notebook (ELN), Scientific Data Management System (SDMS)), Application (Drug Discovery, Genomics, Proteomics, Protein Engineering, Bioanalysis, Analytical Chemistry, Clinical Diagnostics, Other Applications)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), Beckman Coulter, Inc. (U.S.), Hudson Robotics (U.S.), BD (U.S.), Synchron Lab Automation (Netherlands)., Agilent Technologies, Inc. (U.S.), Siemens (Germany), Tecan Trading AG (Switzerland), PerkinElmer Inc. (U.S.), INPECO SA (Switzerland), F. Hoffmann-La Roche Ltd (Switzerland), Abbott (U.S.), Shimadzu Scientific Instruments. (Japan), QIAGEN (Germany), Hamilton Company (U.S.), bioMérieux (France)
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Market Opportunities
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Global Total Lab Automation Market Dynamics
Drivers
- Increasing R&D Investments
To address the expanding demands of the healthcare sector, pharmaceutical and biotechnology businesses are investing heavily in research. For instance, the India Brand Equity Foundation (IBEF) reports that pharmaceutical companies like Sun Pharmaceuticals, Cipla, and Lupin Ltd. invested 8.8% of their sales in R&D in 2018. In addition, collaborations between pharma companies and healthcare stakeholders for R&D into therapeutics will also stimulate the use of lab automation.
- Associated Beneficial Factors of Lab Automated Products
Key benefits include increased productivity, reliable results, safe working conditions, time, space, and significant savings in test costs. Laboratory automation facilitates the use of laboratory equipment for monotonous tasks such as tube labeling and sample validation, helping to reduce and minimize the physical burden caused by manual work, and thereby relevant. Reduce the cost of doing and save laboratory space. Therefore, due to the various benefits of automated systems, it is expected that large and small laboratories will use these workstations soon.
Opportunities
- Increased Healthcare Infrastructure in Developed Countries
Emerging markets are expected to provide significant growth opportunities for manufacturers and distributors of laboratory automation products during the forecast period. Increasing demand for clinical diagnostics will lead to increased sales of laboratory automation products. Leading product manufacturers are increasing their market penetration into emerging markets by expanding their distribution networks and manufacturing capacity. This offers a favourable opportunity for lab automation.
- Increase in demand for miniaturization
Increasing demand for miniaturization is another factor that is expected to significantly impact market growth in the near future. One of the main reasons for implementing automation systems and workstations in clinical laboratories is to facilitate the miniaturization of research processes and to automate a variety of complex laboratories for applications such as biotechnology, microbiology, and clinical chemistry. The task is to develop a solution. In addition, the miniaturization of these processes facilitates cell expansion, monitoring, and culture, and increases the time required for point-of-care settings.
Restraints/Challenges
- Lack of skilled professionals
The lack of qualified personnel who are unable to use these systems could curb the growth of the global total automation market over a forecast period.
- Lower Adoption in small scale industries
Budget constraints make it difficult for many small and medium-sized laboratories to make automation choices. The high maintenance and service costs associated with lab IT solutions are also major obstacles. According to industry experts, the maintenance cost of IT solutions is higher than the actual price of software. In addition, low risk-taking and lack of cost-effectiveness evidence of automation solutions for small and medium-sized laboratories are curbing the growth of the total lab automation market.
This global total lab automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global total lab automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Total Lab Automation Market
Considering the present scenario, COVID-19 has leGlobal Total Lab Automation Market Scope ft an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period.
In the post pandemic era, the COVID-19 pandemic has increased pressure on pharma and clinical labs while also stepping up drug discovery and research activities. Shortening turn around time has taken on increased importance, which has increased interest in robots, microplate readers, and automated liquid handles. On the other side, the pandemic has caused hospitals and health systems to experience declining revenues, margins, and investments in automation and technology.
The global total lab automation market is segmented on the basis of type, technology, image and indications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Equipment Type
- Automated Liquid Handlers
- Automated Plate Handlers
- Robotic Arms
- Automated Storage
- Retrieval Systems (ASRS)
- Analyzers
End-User
- Biotechnology and Pharmaceuticals
- Diagnostic Labs
Software Type
- Laboratory Information Management System (LIMS)
- Laboratory Information System (LIS)
- Chromatography Data System (CDS)
- Electronic Lab Notebook (ELN)
- Scientific Data Management System (SDMS)
Application
- Drug Discovery
- Genomics
- Proteomics
- Protein Engineering
- Bioanalysis
- Analytical Chemistry
- Clinical Diagnostics
- Other Applications
Total Lab Automation Market Regional Analysis/Insights
The global total lab automation market is analysed and market size insights and trends are provided by type, technology, image and indications as referenced above.
The major countries covered in the global total lab automation market are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the total lab automation market due to the growing number of research activities along with prevalence of various pharmaceutical companies.
Meanwhile, the Asia-Pacific region has shown significant growth in the global total lab automation market due to the growing demand for lab automation in emerging economies, such as China and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Total Lab Automation Market Share Analysis
The global total lab automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to total lab automation market.
Key players operating in the global total lab automation market include:
- Thermo Fisher Scientific Inc. (U.S.)
- Beckman Coulter, Inc. (U.S.)
- Hudson Robotics (U.S.)
- BD (U.S.)
- Synchron Lab Automation (Netherlands)
- Agilent Technologies, Inc. (U.S.)
- Siemens (Germany)
- Tecan Trading AG (Switzerland)
- PerkinElmer Inc. (U.S.)
- INPECO SA (Switzerland)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Abbott (U.S.)
- Shimadzu Scientific Instruments. (Japan)
- QIAGEN (Germany)
- Hamilton Company (U.S.)
- bioMérieux (France)
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