What Has Been The Evolution of the Lab Automation Market in Recent Years?
The lab automation market has seen considerable growth due to a variety of factors.
• In the past few years, the lab automation market scale has seen a significant increase. The market is projected to expand from $7.33 billion in 2024 to $8.09 billion in 2025, recording a compound annual growth rate (CAGR) of 10.5%.
This marked increase during the historical period can be traced back to factors such as the miniaturization of assays, the progress in robotics and automation technologies, the soaring demand for high-throughput screening in drug discovery, the growing focus on precision and reproducibility in research, and the necessity for quicker and more precise diagnostic tests.
What Is the Forecasted Market Size and Growth Rate for The Lab Automation Market Size In The Coming Years?
The lab automation market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to surge rapidly in the coming years, the lab automation market size is projected to attain $11.9 billion by 2029, expanding at a compound annual growth rate (CAGR) of 10.1%.
The expansion during the projected period is attributable to regulatory compliance necessities, the need for remote accessibility and surveillance, labor scarcity and competency issues, rising demand for high-throughput examination, and pressure to curb costs. Key tendencies during the forecast period involve the assimilation of artificial intelligence (AI) and machine learning routines, growth of robotic automation, adoption of adjustable and expandable automation solutions, amplified utilization of high-throughput analysis technologies, and the integration of superior imaging and microscopy techniques.
What Factors Are Driving Growth In The Lab Automation Market?
The upsurge in the need for personalized medicine is predicted to fuel the expansion of the lab automation market. Personalized or precision medicine is a unique medical approach that customizes healthcare decisions, procedures, interventions, and treatments according to individual patients. A variety of factors, such as advancements in genomics and molecular diagnostics, raised awareness and education, increasing load of chronic diseases, and cost-effectiveness drive the surge for personalized medicine. Lab automation enhances laboratory procedures' efficiency, precision, and scalability, enabling health professionals and researchers to create personalized medicine strategies that boost patient results and maximize therapy effectiveness. For example, the Personalized Medicine Coalition (PMC), an organization based in the U.S. that encourages the understanding and implementation of personalized medicine, projected in October 2022 that over 75,000 genetic testing products and 300 personalized medicines will be available to individuals suffering from a wide array of cancers, rare genetic diseases, and numerous chronic and infectious diseases. As such, the growing demand for personalized medicine is propelling the lab automation market.
What Are The Main Segments Of The Global Lab Automation Market?
The lab automation market covered in this report is segmented –
1) By Stage Of Automation: Pre-Analytical Stage, Analytical Stage, Post-Analytical Stage, Total Lab Automation
2) By Process: Discrete Processing, Continuous Flow
3) By Application: Diagnostics, Genomic Solutions, Microbiology, Drug Discovery, Proteomic Solutions, Other Applications
4) By End-User: Pharmaceutical and Biotechnology Companies, Research and Diagnostic Laboratories, Other End-Users
Subsegments:
1) By Pre-Analytical Stage: Sample Collection, Sample Preparation, Sample Storage
2) By Analytical Stage: Sample Analysis, Data Collection, Testing & Measurement
3) By Post-Analytical Stage: Data Interpretation, Reporting Results, Quality Control
4) By Total Lab Automation: End-To-End Automation Of Lab Processes, Integration Of Pre, Analytical, And Post-Analytical Stages
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Which Emerging Market Trends Are Altering The Lab Automation Industry?
The lab automation market is witnessing a transformative period as key players develop cutting-edge solutions like automation systems specifically designed for microbiology labs to optimize lab space and enhance the flow of work. These innovations are highly advanced technological answers aimed at improving the processes, inspections, and handling of microbiological samples and related data. A prime example of this was seen in January 2023 when Becton, Dickinson, and Company, a medical tech firm based in the US, introduced the latest third-gen BD Kiestra Total Lab Automation System for microbiology labs. The system, characterized by its modularity and adaptability, is ideal for meeting the varying needs of labs, thereby refining lab operations, escalating budget efficiencies, and fostering better lab outcomes. This highly developed, fully automated robotic advancement refines and boosts lab procedures including sample management, digital imagery, incubation, and result interpretations. Further impressive aspects involve automated processes for microbiology, a modular and upgradable design, the BD Synapys microbiology informatics solution, and substantial throughput processing. These features are expected to revolutionize clinical bacterial testing, enhance lab outcomes, and adapt to the evolving demands of contemporary microbiology labs.
Who Are the Key Players In The Lab Automation Market?
Major companies operating in the lab automation market report are:
• Thermo Fisher Scientific
• Becton Dickinson And Company (BD)
• Agilent Technologies Inc.
• PerkinElmer LLC
• Beckman Coulter Inc.
• Biomek Inc.
• Bio-Rad Laboratories
• QIAGEN N.V.
• Tecan Group
• Brooks Life Sciences
• Hamilton Company
• Promega Corporation
• Opentrons Labworks Inc
• Analytik Jena AG
• Gilson Inc.
• Eppendorf Corporate
• Hudson Robotics
• Cartesian Therapeutics
• Labcyte Inc. (now part of Beckman Coulter Life Sciences)
• Zymo Research Corp.
• Perceptive Instruments Ltd.
• Synthace Ltd.
• Festo Corp.
• Roche Diagnostics
• Peak Analysis & Automation (PAA)
What Is The Most Dominant Region In The Lab Automation Market?
North America was the largest region in the lab automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lab automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
