Market Overview
Global laboratory robotics market generated a revenue of USD 289.3 million in 2022 and is projected to attain a value of US$ 527.56 million by 2031 at a CAGR of 6.9% during the forecast period 2023–2031.
Laboratory robotics is a rapidly growing field with a wide range of applications. Robotics can automate repetitive tasks, improve accuracy and precision, and increase efficiency in the laboratory.
The Asia Pacific region is expected to be the fastest-growing market. A number of factors are driving the growth of laboratory robotics market, including the increasing automation of scientific research, the need for high-throughput screening in drug discovery, and the increasing use of robotic systems in clinical laboratories. In addition, the growing adoption of point-of-care testing and personalized medicine is creating opportunities for laboratory robotics companies to develop new applications for their products.
Automation in laboratories helps to reduce errors, increase productivity, and improve efficiency. Moreover, it also helps to improve the quality of research by providing accurate and reproducible results.
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Market Dynamics
Drivers
Laboratory robotics are in high demand due to the many benefits that they offer. The top factors driving this growth of the global laboratory robotics market:
Restraints
Segmental Analysis
By Type
The biological laboratory robotics segment is estimated to have the highest market share of 34.5% in 2022. The biological laboratory robotics laboratory robotics market was valued at US$ 83 Mn in 2022 and expected to reach US$ 165.6 Mn by 2030, during the forecast period.
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By Application
The drug discovery segment contributed the major share of 38.2% in the global laboratory robotics market in 2022. The drug discovery segment was valued at US$ 103.1 Mn in 2022 and expected to reach US$ 185.0 Mn by 2030, exhibiting the CAGR of 6.7% during the forecast period.
Many pharmaceutical companies are looking to implement laboratory robotics in their drug discovery process. The benefits of using robots in this process include increased accuracy and efficiency, as well as the ability to scale up production quickly and easily. There are a number of different types of robots that can be used in drug discovery, including those that dispense liquids, those that handle delicate instruments, and those that carry out complex tasks such as cell culture or tissue analysis.
In addition, robots can be used to carry out complex tasks that would be difficult or impossible for humans to do accurately. Another reason for the strong demand for laboratory robotics is that they can help to improve the accuracy of results.
By End User
The biotechnology and pharmaceutical companies contributed over 30.0% revenue to the global laboratory robotics market in 2022 at a CAGR of 7.6% during the forecast period.
The use of robotics in laboratories is becoming increasingly popular as the benefits of automation become clearer. Robotics can help to improve the accuracy and repeatability of tasks, as well as increase throughput and efficiency. In many cases, the use of robotics can also help to improve safety in the laboratory by reducing the need for human interaction with hazardous materials.
One area where the use of laboratory robotics market is growing rapidly is in the field of nucleic acid extraction. This process is often used in diagnostic applications such as cancer screening or infectious disease testing. Automated nucleic acid extraction systems can provide significant advantages over manual methods, including increased throughput, reduced error rates, and improved safety.
Another area where laboratory robotics market is seeing increasing use is in drug discovery and development in the pharmaceutical sector. The use of robots can help to improve the speed and accuracy of screening assays, as well as reduce the cost of these studies. In addition, robots can be used to perform automated tasks such as handling and dispensing of reagents, which can further improve efficiency and reduce costs.
The growing demand for laboratory robotics market is driven by the many benefits that these systems can provide. As the technology continues to mature, it is likely that even more applications will be found for these versatile and powerful tools.
Regional Analysis
North America is the dominating region in the laboratory robotics market owing to the increasing technological advancements and investments by the market leaders. Mexico is growing at the fastest CAGR of 7.1% during the forecast period.
The demand for laboratory robotics market is growing rapidly in North America. This is driven by the need for speed and accuracy in research, as well as the increasing cost of human labor. There are a number of companies that provide laboratory robotics services in US and Canada, and they are all seeing an increase in business. One company, Robotics Solutions, has seen its business grow by 30% in the last year. The trend is being driven by both the academia and pharmaceutical industries. In the past, only large pharmaceutical companies could afford to use laboratory robots, but now even small biotech firms are using them in the US.
Laboratory robots are becoming an essential part of research in North America, and their popularity is only going to increase in the years to come.
Asia Pacific laboratory robotics market is growing at the fastest CAGR of 8.0% during the forecast period 2022-2030. China holds major share of more than 35% in term of revenue in the market in 2022. Moreover, Japan laboratory robotics market is growing at the fastest CAGR of 8.5% during the forecast period.
List of Key Companies Profiled:
Some of the leading providers of laboratory robotics solutions include Thermo Fisher Scientific, PerkinElmer, and Agilent Technologies. These companies in the global laboratory robotics market have a strong presence in North America, and they are able to provide their customers with the latest and most advanced laboratory robotic solutions. In addition, they also have a wide range of products that can be used in different applications. Thermo Fisher Scientific is a leading provider of laboratory robotic solutions. The company offers a wide range of products, including the Thermo Scientific Finnpipette F1 pipetting robot, which is designed for use in 96-well plate formats.
Segmentation of Global Laboratories Market
By Type:
By Application:
By End User:
By Region:
Report Attribute | Details |
---|---|
Market Size Value in 2022 | US$ 289.3 Mn |
Expected Revenue in 2031 | US$ 527.5 Mn |
Historic Data | 2018-2021 |
Base Year | 2022 |
Forecast Period | 2023-2031 |
Unit | Value (USD Mn) |
CAGR | 6.9% |
Segments covered | By Type, By Application, By End-user, By Region |
Key Companies | AB Controls, Aerotech, Anton Paar, Aurora Biomed, Biosera, Chemspeed Technologies, Cleveland Automation Engineering, Hamilton Robotics, HighRes Biosolutions, Hudson Robotics, Labman, PerkinElmer Inc., Protedyne (LabCorp), Siemens AG, ST Robotics, Tecan Group, Thermo Fisher Scientific, Universal Robots, Yaskawa Electric, Other Prominent Players |
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Global Laboratory Robotics market is projected to expand at a CAGR of 6.9% during the forecast period 2023-2031.
Increased productivity, consistent results, safe working conditions, and significant time, space, and cost savings are some advantages of lab automation.
Laboratory robotics are very expensive to set up, many small and medium-sized laboratories find it challenging to invest in automation due to financial constraints. A key stumbling block is the high maintenance and service expenses associated with laboratory informatics solutions.
Funding levels for pharmaceutical industry have been increasing, especially in Research and Development sector. The laboratory robots further help researcher and scientist to create new drug into market.
AI provides a foundation for the creation of intelligent bots. The integration of AI laboratory robotics will be able to analyze, compute more, require and constantly add more advanced features to their equipment and offer accurate results.
The healthcare sector, including pharmaceutical and biotechnological companies are demanding laboratory robotics to accelerate the diagnosis and research activities for drug discovery and vaccination during this COVID-19 pandemic.
The Global Laboratory Robotics Market is segmented based on type, application, end user, and region. The period of the study for the Global Laboratory Robotics Market is 2018-2031.
The biological laboratory robotics segment is estimated to have the highest market share of 34.5% in 2022.
The biotechnology and pharmaceutical companies segment contributed the major share of 30% in the global Laboratory Robotics market in 2022.
Asia Pacific region in Global laboratory robotics market is growing at a fastest CAGR of 8.0% during the forecast period.
North America holds major share of 38.7% in term of revenue in the global laboratory robotics market in 2022.
The key players in the market of laboratory robotics are Aurora Biomed Inc., Tecan Group, Thermo Fisher Scientific, Siemens AG, YASKAWA Electric Corporation, PerkinElmer Inc., Chemspeed Technologies AG, and Hamilton Company among others.
Primary and secondary research was undertaken and further the Value Chain Analysis, PESTLE Analysis and Porter’s Five Forces Analysis were conducted to identify strengths, weaknesses, and potential threats.
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