San Francisco, 19 March 2024: The Report Lab Automation Market Size, Share & Trends Analysis Report By Process (Continuous Flow, Discrete Processing), By Automation Type (Total Automation Systems, Modular Automation Systems), By End-use, By Region, And Segment Forecasts, 2023 - 2030

The global lab automation market size is expected to reach USD 11.60 billion by 2030, registering a CAGR of 6.64% during the forecast period, according to a new report by Grand View Research, Inc. Factors such as increasing demand for higher efficiency & productivity coupled with the rising need for cost reduction are driving the growth. Moreover, technological advancements and the growing complexity of laboratory workflows are further contributing to the market expansion. For instance, advanced and modern labs deal with numerous complex processes and high throughput workflows, thus, to simplify such complex processes advanced lab systems are in high demand from laboratories.

The rising application of lab automation for speeding up laboratory processes is one of the major factors contributing to market expansion. For instance, Clinical chemistry applications have been replaced by lab automation for tasks such as solid-phase extraction, powder dosing, dilution to weight, sample extraction, and sample preparation for analysis. Similarly, for synthetic biology workflow processes, tasks such as DNA fragment construction, the culture of the host organism, colony selection, final data collection, and analysis have been replaced by automated processes. Therefore, an increase in the number of applications is expected to fuel their adoption in the coming years.

Moreover, the rising integration of lab automation with advanced digitalization and connectivity trends is likely to offer significant growth opportunities for the market in the coming years. Integration of advanced laboratory equipment with cloud-based platforms, and LIMS platforms allow real-time data monitoring, and convenient data exchange for better flexibility and efficiency. Also, recent digital product introductions are anticipated to offer more traction for the market over the forecast period. For instance, in December 2022 LabVantage Solutions, Inc. launched its new LIMS platform to help labs process faster and lower the overall cost of the process.

Furthermore, various organic and inorganic developments done by market players in term of new launches, collaborations, acquisitions, and new facility expansions are likely to have a positive impact on market growth. For instance, in January 2023 QIAGEN launched its new EZ2 connect MDX platform for automatic sample processing in diagnostic laboratories. Similarly, in April 2023 Molgen acquired Synchron lab automation, a leader in lab automated systems. This acquisition helped Molgen to efficiently build advanced automated solutions for its customers.

Laboratory automation utilizes a special kind of technology to streamline or substitute the manual manipulation of methods and equipment. Based on the laboratory workflow, the level and degree of automation are decided. The higher adoption of automated instruments is most often observed at academic and research institutes to bolster productivity and decrease the time spent on different time-consuming tasks.

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In addition, the rising use of automated instruments for drug discovery and development purposes is further anticipated to propel the market growth during the forecast period. For instance, in June 2022, Insilico Medicine announced its plans to launch an automated AI-driven robotics laboratory for drug discovery.

Lab Automation Market Report Highlights

• The continuous flow segment held the largest revenue share of 56.93% in 2022, owing to the higher demand for continuous flow systems in industries and the surging adoption of continuous flow in laboratories for offering high-quality services
• The modular automation systems segment dominated the market and accounted for the largest revenue share of 51.69% in 2022, attributed to the mix-and-match capabilities and flexibility capabilities offered by modular systems
• Clinical chemistry analyzers end-use segment held the largest revenue share in 2022. Factors such as technological advancements, rising preference for automated laboratory instruments, and higher demand for advanced systems in clinical chemistry labs for sample handling, storage, and labeling are contributing to the largest revenue share of the segment
• North America dominated the global market for lab automation with a revenue share of 35.76% in 2022, attributed to the presence of a well-established healthcare framework, and robust demand for advanced systems across laboratories

The increasing number of benefits offered by process automation is one of the critical factors driving the growth of the market. For clinical laboratories, a paradigm shift from manual operation to laboratory automation has several advantages. Some major advantages of lab automation include enhanced productivity, safe working conditions, reliable results, and a great saving of time, effort, and overall cost of the product.

Moreover, lab automation facilitates the efficiency of laboratory equipment for processes such as sample handling, verifications, and labeling tubes, and helps lower the physical strain due to manual processes. Thus, numerous benefits offered by automated systems are projected to facilitate small and medium-scale laboratories to use automated systems for enhanced productivity.

Increase in demand for miniaturization of the process is another factor driving the global market. One of the main reasons for the adoption of automated technologies in clinical laboratories is to accelerate the miniaturization of research processes to derive solutions for various complex lab automation processes for applications such as microbiology, biotechnology, and clinical chemistry. Moreover, miniaturization makes it simpler to expand, monitor, and cultivate cells, which speeds up turnaround times, particularly in point-of-care settings.

Lab Automation Market Report Scope

Moreover, the market growth is expected to be driven by the increasing range of applications for lab automation. Various laboratory processes that were formerly done manually have been revolutionized by lab automation. Automated chemistry, synthetic biology, cell line development, genomics, cellular assays, drug discovery, and other applications are among them. Therefore, the adoption of lab automation systems is anticipated to be fueled by the expanding clinical applications of automated instruments in laboratories.

Furthermore, the increasing demand for high throughput analysis in labs to process large numbers of samples is projected to offer significant growth opportunities for the market. Lab automation systems allow the automation of time-consuming and repetitive tasks like liquid handling, data analysis, and sample preparation thereby bolstering the output and facilitating research and testing capabilities.

Some of the recent product launches to support high throughput analysis are pushing market growth forward. For instance, in March 2023, Scientific Laboratory Supplies introduced Accuris Instruments AutoMATE 96 of Benchmark Scientific in the market. This fully automatic product boasts exceptional liquid handling capabilities, contributing to increased throughput in laboratory operations.

The key players in the market are undertaking various strategic initiatives to maintain their market presence. In addition, these initiatives help players bolster their business avenues. For instance, in January 2023 Becton, Dickinson and Company (BD) launched its third-generation lab automation system for microbiology labs. The newly launched BD Kiestra is an ideal solution for automating lab specimen processing.

Some prominent players in the global lab automation market include:

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