Global Laboratory Automation Market Insights Forecasts to 2033

• The Global Laboratory Automation Market Size was Valued at USD 6.1 Billion in 2023
• The Market Size is Growing at a CAGR of 6.3% from 2023 to 2033
• The Worldwide Laboratory Automation Market Size is Expected to Reach USD 11.24 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

 

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The Global Laboratory Automation Market Size is Anticipated to Exceed USD 11.24 Billion by 2033, Growing at a CAGR of 6.3% from 2023 to 2033.

 

Market Overview

Laboratory automation is a multidisciplinary, creative method utilized in the lab to boost results, cut down on interruptions, and improve process efficiency. The use of modern technology and tools to automate and streamline laboratory procedures, such as sample handling, analysis, and data management, is known as laboratory automation. It entails integrating robotics, software, and instrumentation to minimize manual intervention and human error while optimizing workflows, throughput, and accuracy. Due to laboratory automation increases the efficiency and repeatability of experimental methods, it is essential in many scientific fields, such as pharmaceuticals, biotechnology, clinical diagnostics, and academic research. The lab automation market is evolving significantly currently. This industry has seen enormous growth, particularly as a result of the integration of innovative technologies like chip devices, lab microfluidics, and the Internet of Things. This integration significantly affects science by offering novel methods that improve efficiency, repeatability, and scalability. The market for lab automation is expected to increase significantly in the future as laboratories in many industries come to recognize the benefits of automation. Its function will be crucial in propelling breakthroughs in medical research and scientific understanding. Furthermore, the growing need for smaller process equipment contributes to the market expansion.

 

Report Coverage

This research report categorizes the market for the global laboratory automation market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global laboratory automation market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global laboratory automation market.

 

Driving Factors

The pharmaceutical, biotechnology, and healthcare industries are just a few of the sectors where there is an increasing need for increased productivity and efficiency in research and development. By substantially reducing manual labor, decreasing errors, and expediting experimental procedures, lab automation technologies provide a solution. More competitiveness, lower costs, and faster results are the outcomes of this increased efficiency. Thus, automation is a desirable alternative for businesses looking to establish an advantage in an extremely competitive market. One of the key factors propelling the market's expansion is the growing range of advantages provided by process automation. A paradigm change from manual to automated laboratory operations offers many benefits for clinical laboratories. Enhanced productivity, safe working conditions, dependable findings, and significant time, effort, and product expenditure reductions are just a few of the main benefits of lab automation. Additionally, one of the key factors propelling the market's expansion is the growing range of advantages provided by process automation. A paradigm change from manual to automated laboratory operations offers many benefits for clinical laboratories. Enhanced productivity, safe working conditions, dependable findings, and significant time, effort, and product expenditure reductions are just a few of the main benefits of lab automation.

 

Restraining Factors

The rapid development of laboratory automation systems has increased the demand for skilled employees with the ability to design, operate, maintain, and troubleshoot more complex and technologically advanced systems. On the other hand, a noteworthy lack of people with software development, robotics, and automation-specific knowledge presents issues in many businesses and areas. The lack of trained workers makes it difficult to implement and use state-of-the-art automation equipment efficiently. Without employees who can fully utilize the technology, laboratories that invest in it may find it difficult to realize its full benefits. This skilled gap might lead to decreased return on investment, greater downtime from technical problems, and operational inefficiencies.

 

Market Segmentation

The global laboratory automation market share is segmented into process, automation type, and end user.

 

• The continuous flow segment dominates the market with the largest market share through the forecast period.

Based on the process, the global laboratory automation market is segmented into continuous flow, and discrete processing. Among these, the continuous flow segment dominates the market with the largest market share through the forecast period. The increased demand for continuous flow systems in industries and the growing use of continuous flow in laboratories to provide exceptional services are the main causes of the segment's greater revenue growth. Furthermore, continuous flow is one of the most popular methods and works well when a lot of samples need to be analyzed. Additionally, strong demand from biotechnology and pharmaceutical businesses for continuous flow processes, as well as enhanced attempts by industry participants to launch new products with continuous flow processes, are expected to fuel segment expansion.

 

• The modular automation systems segment is anticipated to grow at the fastest CAGR growth through the forecast period.

Based on the automation type, the global laboratory automation market is segmented into total automation systems and modular automation systems. Among these, the modular automation systems segment is anticipated to grow at the fastest CAGR growth through the forecast period. Due to modular automation systems' flexibility and mix-and-match features. Another element assisting in market progress is the growing adoption of modular systems by end users. Systems of this type are appropriate for laboratories that require automation for particular procedures.

 

• The pharmaceutical and biotechnology companies segment accounted for the largest revenue share through the forecast period.

Based on the end-user, the global laboratory automation market is segmented into pharmaceutical and biotechnology companies, environmental testing laboratories, the food & beverage industry, forensic laboratories, hospitals & diagnostic laboratories, and research & academic institutions. Among these, the pharmaceutical and biotechnology companies segment accounted for the largest revenue share through the forecast period. As laboratory workflows become constantly challenging and complex, the need for advanced testing to enable appropriate diagnosis and treatment for diverse conditions has pushed the demand for lab automation. The biopharmaceutical industry's emergence of extremely precise diagnosis and treatment solutions expanded the potential market for lab automation systems. The need for the expansion of pharmaceutical and biotech businesses will therefore increase in the upcoming years.

 

Regional Segment Analysis of the Global Laboratory Automation Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global laboratory automation market over the predicted timeframe.

 

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North America is projected to hold the largest share of the global laboratory automation market over the forecast period. The region's rapid expansion has been attributed to the existence of an established healthcare infrastructure as well as the strong need for automation systems in labs due to their speed, accuracy, and consistency. Rising demand for integrated laboratory systems and pro-research government policies are some factors propelling the market. High throughput analysis is becoming more and more in demand, and competitors in the industry are likely to support this growth with a variety of strategic activities

 

Asia Pacific is expected to grow at the fastest CAGR growth of the global laboratory automation market during the forecast period. The expansion of the regional market is anticipated to be fueled by factors like the growing number of small and medium-sized laboratories within the region and increasing expenditures made by industry leaders to introduce innovative technologies. Government policies promoting lab automation are also a contributing aspect to the regional market's growth.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global laboratory automation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• F. Hoffmann-La Roche Ltd.
• Hamilton Company
• Tecan Trading AG
• BMG LABTECH GmbH
• Aurora Biomed Inc.
• Hudson Robotics
• Eppendorf SE
• Agilent Technologies
• Danaher
• Thermo Fisher Scientific
• Siemens Healthcare GmbH
• PerkinElmer
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

 

• In May 2023, Opentrons announced the release of the Opentrons Flex robot, a new line of reasonably priced, simple-to-program lab robots for handling liquids that aim to level the playing field for labs of all sizes and make advanced lab automation accessible to more researchers than ever.

 

• In January 2023, the third-generation BD Kiestra Total Lab Automation System was introduced by Becton, Dickinson, and Company (BD) specifically for use in microbiology labs. When combined with the BD Kiestramicrobiology laboratory solution, which automates the processing of lab specimens, the robotic track system functions effectively. A fully customized and individualized lab automation setup that links many BD Kiestramodules will be achievable owing to the new robotic track system, which was developed to meet the evolving needs of laboratories.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global laboratory automation market based on the below-mentioned segments: 

 

Global Laboratory Automation Market, By Process

• Continuous Flow
• Discrete Processing

 

Global Laboratory Automation Market, By Automation Type

• Total Automation Systems
• Modular Automation Systems

 

Global Laboratory Automation Market, By End User

• Pharmaceutical and Biotechnology Companies
• Environmental Testing Laboratories
• The Food & Beverage Industry
• Forensic Laboratories
• Hospitals & Diagnostic Laboratories
• Research & Academic Institutions

 

Global Laboratory Automation Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa