The Laboratory Automation Systems Market is expected to grow at a CAGR of 8.68% to reach USD 2.01 billion by 2028. In the healthcare industry, outsourcing medical device manufacturing and drug discovery is a significant trend, driven by the need for cost savings and access to specialized expertise. When selecting a partner for healthcare research and manufacturing outsourcing, companies prioritize US FDA-approved facilities, a skilled workforce, and adherence to international quality standards such as WHO-GMP. This has led to increased investments in contract research outsourcing, particularly in developing countries that offer high-quality services at competitive costs. By partnering with reputable outsourcing providers, businesses can streamline their operations, reduce costs, and focus on their core competencies.
North America dominates the regional market because of In the global laboratory automation systems market, North America emerged as the leading contributor in 2023, with the United States being the primary country driving market growth. Factors such as substantial investments in precision medicine, genomics, and proteomics, robust distribution networks, and a strong focus of pharmaceutical companies on drug discovery and development, position the US as a significant market. Key players like Abbott Laboratories, Agilent Technologies Inc., and Thermo Fisher Scientific Inc., based in the region, are continually launching new products and services, including software programs, thereby attracting end-users to purchase laboratory automation systems. This trend is expected to continue, further bolstering the market expansion in North America.
There are various factors that drive the Laboratory Automation Systems Market market which are as following: Vendors in the laboratory automation systems market are enhancing their offerings by providing software solutions as an added service to maintain customer loyalty and ensure accurate results. These software services come with an intuitive and adaptable user interface, enabling users to analyze data samples efficiently. Compliant with regulatory standards such as Certificates of Analysis (COA) and Certificates of Conformance (COC), these software solutions can be customized to meet the unique requirements of end-users. For instance, Thermo Fisher Scientific Inc.'s Versette ControlMate Software offers advanced functionalities like creating and executing pipetting programs for intricate pipetting sequences, including plate reformatting, serial dilutions, and immunoaffinity sample preparations, for mass spectrometric immunoassay (MSIA) pipette tips.
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Laboratory Automation Systems Market Segmentation
The market witnesses several challenges, which are as follows Medium and small-scale laboratories typically manage a lower volume of samples, focusing on specific applications such as diagnostic testing and analysis of biological samples. Due to limited budgets, staff, and planning capabilities, these laboratories often prioritize manual processes over automation. Space constraints also hinder the adoption of advanced laboratory automation systems, which are commonly utilized in large-scale facilities for intricate processes like compound profiling, high-content screening, and large-scale cell culture development and maintenance. Consequently, small and medium-sized laboratories are less inclined to invest in such technologically sophisticated solutions.
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Some of the key companies that have been profiled in the report include:
According to Technavio, the global laboratory automation systems market is a significant segment of the expansive life sciences tools and services market. This market encompasses organizations involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, accessories, and consumables. These products are utilized in the pharmaceutical and biotechnology industries for the production of drugs and diagnostics, as well as in laboratory diagnosis of various diseases. Additionally, the market covers life sciences-related services, including contract research, manufacturing, and sales. The global healthcare market size, as calculated by Technavio, represents the consolidated revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. - The Laboratory Automation Systems Market is experiencing significant growth, fueled by the Increasing demand for laboratory automation software services. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Laboratory Automation Systems Market is witnessing significant growth due to the increasing demand for reduced human intervention, reliable results, and safe working conditions in diagnostic laboratories, particularly in healthcare applications. These systems include robotic systems, automated workstations, and advanced data management solutions. Sample preparation is a crucial aspect of laboratory work, and automation systems are increasingly being used to streamline this process. Automated workstations for clinical chemistry analysis and immunoassay are becoming standard equipment in clinical laboratories, enabling high-throughput analysis and productivity. Robotic systems are also gaining popularity for their ability to handle complex tasks with precision and consistency. Liquid handling, data analysis, and process automation are some of the key areas where robotic systems are making a significant impact. Total automation segments, such as automated sample handling, are also gaining traction due to their ability to provide reliable results with minimal human intervention. Advanced data management solutions enable seamless integration of data from various sources, making it easier for laboratories to manage and analyze large volumes of data. In summary, laboratory automation systems offer numerous benefits, including reduced human intervention, improved safety, increased productivity, and reliable results. The market for these systems is expected to grow significantly in the coming years, particularly in clinical laboratories and healthcare applications.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
