PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324364
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324364
Modular Laboratory Automation Market Forecasts to 2030 - Global Analysis By Equipment and Software, Application and By Geography
According to Stratistics MRC, the Global Modular Laboratory Automation Market is accounted for $3.89 billion in 2023 and is expected to reach $6.71 billion by 2030 growing at a CAGR of 8.1% during the forecast period. Modular Lab Automation is a type of laboratory automation process frequently used in drug discovery, diagnostics, genomics, etc. Any device, piece of software, or piece of equipment that requires little to no human interaction while increasing lab productivity and efficiency is referred to as "laboratory automation." Robots, conveyors, software, and other devices are all part of automation.
Market Dynamics:
Driver:
Increasing demand for high throughput and efficiency
Faster and more effective procedures are constantly needed in laboratories, particularly those in the pharmaceutical, biotechnology, and clinical research industries. The ability to automate monotonous and time-consuming tasks is provided by modular laboratory automation, significantly boosting throughput and overall effectiveness of this market during the forecast period.
Restraint:
High initial investment
Equipment, software, and integration are frequently expensive up front when implementing modular laboratory automation systems. For smaller labs or those with tighter budgets, the initial cost can be a major barrier. Such factors limit market expansion.
Opportunity:
Advancements in robotics
Modular laboratory automation systems are now more adaptable, dependable, and economical thanks to technological advancements in robotics, sensor technologies, and integration capabilities. The range of applications for automation in different laboratory processes has increased as a result of these developments. Moreover, automation systems can also help increase data traceability and accuracy, boosting compliance and audit readiness.
Threat:
Lack of standardization
Automation protocols and interfaces are frequently not standardised in the laboratory industry. As a result, there may be compatibility problems between various automation components, which could obstruct the smooth integration of automation systems. Moreover, compatibility problems and the need for customised solutions can also increase the time and cost of implementation.
COVID-19 Impact:
The COVID-19 pandemic has sped up medical research and development while putting more pressure on pharmaceutical firms and clinical labs. Making sure a shorter TAT is achieved has gained importance as a result of the increased interest in microplate readers, automated liquid handling, and robots. On the other hand, the epidemic has led to lower spending on automation and technology, as well as lower revenues and margins for hospitals and health systems. This has an effect on the future market for modular laboratory automation.
The automated liquid handlers segment is expected to be the largest during the forecast period
The automated liquid handlers segment is expected to be the largest during the anticipated period. Laboratories that work with chemicals and biochemistry frequently employ liquid handlers. In laboratories, automated liquid handling robots assist with dispensing samples and other liquids. Automated liquid handlers reduce cycle times and increase precision. Additionally, liquid handlers can work with a variety of volumes, down to nanolitres, demonstrating their value in dispensing operations.
The clinical diagnostics segment is expected to have the highest CAGR during the forecast period
The clinical diagnostics segment is expected to witness lucrative growth during the forecast period. The ability of modular laboratory automation to optimise laboratory workflows, increase productivity, increase accuracy, and decrease the possibility of human error has led to its widespread use in clinical diagnostics. Additionally, modular automation can be used to automate different immunoassays and clinical chemistry tests, enabling laboratories to process a large number of tests quickly and with little user involvement.
Region with largest share:
Due to widespread adoption of cutting-edge technologies across all end-user segments, North America is anticipated to dominate the modular laboratory automation market. The market is predicted to be driven by investments in cutting-edge genomics, proteomics, and epigenetics research, a rise in the focus on environmental concerns, and the concentration of some of the biggest pharmaceutical and biotechnology companies in the world as well as academic institutions in the region.
Region with highest CAGR:
The demand for lab automation solutions is expected to rise in the Asia-Pacific region, primarily as a result of the region's explosive growth in the pharmaceutical industry. The continuation of demographic and economic trends, new healthcare reforms, and the policies outlined in the government's five-year plan are all anticipated to fuel market expansion. Vendors of lab automation solutions now have new opportunities to increase their footprint thanks to the rapidly expanding market.
Key players in the market:
Some of the key players profiled in the Modular Laboratory Automation Market include: Agilent Technologies, Inc., Beckman Coulter, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Eppendorf AG, F. Hoffmann-La Roche Ltd., Honeywell International Inc., Hudson Robotics, Inc., PerkinElmer, Inc., QIAGEN N.V., Shimadzu Scientific Instruments, Siemens Healthineers, Synchron Lab Automation, Tecan Group Ltd. And Thermo Fisher Scientific, Inc.
Key Developments:
In June 2022, MegaRobo Technologies Ltd announced the completion of a USD 300 million Series C fundraising round. MegaRobo would use the funds to continue its R&D investments, capacity growth, and global expansion. MegaRobo has offered the life sciences industry a comprehensive set of automation solutions. Ranging from benchtop workflow automation for simple workflows to a fully automated platform for complex workflows in large system journey applications, with plans to expand into the next-generation life sciences infrastructure system for R&D and AI drug development.
In May 2022, Global life science innovators MGI Tech Co. Ltd (MGI) and King Abdullah International Medical Research Center (KAIMRC) signed a Memorandum of Understanding (MOU) to form a strategic collaboration in the domains of genomic science and biotechnology. The MOU anticipates establishing a high-throughput sequencing center in KAIMRC, which may accommodate MGI's technology platforms, including DNBSEQ sequencing, laboratory automation, and bioinformatics products. Driven by MGI's proprietary DNBSEQ technology, the partnership will employ MGI's platform to improve genome sequencing and data quality across a wide range of applications.
Equipment and Software's Covered:
- Analyzers
- Automated Liquid Handlers
- Automated Plate Handlers
- Automated Storage and Retrieval Systems (ASRS)
- Robotic Arms
- Software
Applications Covered:
- Clinical Diagnostics
- Drug Discovery
- Genomics
- Proteomics
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Modular Laboratory Automation Market, By Equipment and Software
- 5.1 Introduction
- 5.2 Analyzers
- 5.3 Automated Liquid Handlers
- 5.4 Automated Plate Handlers
- 5.5 Automated Storage and Retrieval Systems (ASRS)
- 5.6 Robotic Arms
- 5.7 Software
6 Global Modular Laboratory Automation Market, By Application
- 6.1 Introduction
- 6.2 Clinical Diagnostics
- 6.3 Drug Discovery
- 6.4 Genomics
- 6.5 Proteomics
- 6.6 Other Applications
7 Global Modular Laboratory Automation Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Equipment and Software Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Agilent Technologies, Inc.
- 9.2 Beckman Coulter, Inc.
- 9.3 Becton, Dickinson and Company
- 9.4 Bio-Rad Laboratories, Inc.
- 9.5 Eppendorf AG
- 9.6 F. Hoffmann-La Roche Ltd.
- 9.7 Honeywell International Inc.
- 9.8 Hudson Robotics, Inc.
- 9.9 PerkinElmer, Inc.
- 9.10 QIAGEN N.V.
- 9.11 Shimadzu Scientific Instruments
- 9.12 Siemens Healthineers
- 9.13 Synchron Lab Automation
- 9.14 Tecan Group Ltd.
- 9.15 Thermo Fisher Scientific, Inc.
- List of Tables
List of Tables
- Table 1 Global Modular Laboratory Automation Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Modular Laboratory Automation Market Outlook, By Equipment and Software (2021-2030) ($MN)
- Table 3 Global Modular Laboratory Automation Market Outlook, By Analyzers (2021-2030) ($MN)
- Table 4 Global Modular Laboratory Automation Market Outlook, By Automated Liquid Handlers (2021-2030) ($MN)
- Table 5 Global Modular Laboratory Automation Market Outlook, By Automated Plate Handlers (2021-2030) ($MN)
- Table 6 Global Modular Laboratory Automation Market Outlook, By Automated Storage and Retrieval Systems (ASRS) (2021-2030) ($MN)
- Table 7 Global Modular Laboratory Automation Market Outlook, By Robotic Arms (2021-2030) ($MN)
- Table 8 Global Modular Laboratory Automation Market Outlook, By Software (2021-2030) ($MN)
- Table 9 Global Modular Laboratory Automation Market Outlook, By Application (2021-2030) ($MN)
- Table 10 Global Modular Laboratory Automation Market Outlook, By Clinical Diagnostics (2021-2030) ($MN)
- Table 11 Global Modular Laboratory Automation Market Outlook, By Drug Discovery (2021-2030) ($MN)
- Table 12 Global Modular Laboratory Automation Market Outlook, By Genomics (2021-2030) ($MN)
- Table 13 Global Modular Laboratory Automation Market Outlook, By Proteomics (2021-2030) ($MN)
- Table 14 Global Modular Laboratory Automation Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 15 North America Modular Laboratory Automation Market Outlook, By Country (2021-2030) ($MN)
- Table 16 North America Modular Laboratory Automation Market Outlook, By Equipment and Software (2021-2030) ($MN)
- Table 17 North America Modular Laboratory Automation Market Outlook, By Analyzers (2021-2030) ($MN)
- Table 18 North America Modular Laboratory Automation Market Outlook, By Automated Liquid Handlers (2021-2030) ($MN)
- Table 19 North America Modular Laboratory Automation Market Outlook, By Automated Plate Handlers (2021-2030) ($MN)
- Table 20 North America Modular Laboratory Automation Market Outlook, By Automated Storage and Retrieval Systems (ASRS) (2021-2030) ($MN)
- Table 21 North America Modular Laboratory Automation Market Outlook, By Robotic Arms (2021-2030) ($MN)
- Table 22 North America Modular Laboratory Automation Market Outlook, By Software (2021-2030) ($MN)
- Table 23 North America Modular Laboratory Automation Market Outlook, By Application (2021-2030) ($MN)
- Table 24 North America Modular Laboratory Automation Market Outlook, By Clinical Diagnostics (2021-2030) ($MN)
- Table 25 North America Modular Laboratory Automation Market Outlook, By Drug Discovery (2021-2030) ($MN)
- Table 26 North America Modular Laboratory Automation Market Outlook, By Genomics (2021-2030) ($MN)
- Table 27 North America Modular Laboratory Automation Market Outlook, By Proteomics (2021-2030) ($MN)
- Table 28 North America Modular Laboratory Automation Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 29 Europe Modular Laboratory Automation Market Outlook, By Country (2021-2030) ($MN)
- Table 30 Europe Modular Laboratory Automation Market Outlook, By Equipment and Software (2021-2030) ($MN)
- Table 31 Europe Modular Laboratory Automation Market Outlook, By Analyzers (2021-2030) ($MN)
- Table 32 Europe Modular Laboratory Automation Market Outlook, By Automated Liquid Handlers (2021-2030) ($MN)
- Table 33 Europe Modular Laboratory Automation Market Outlook, By Automated Plate Handlers (2021-2030) ($MN)
- Table 34 Europe Modular Laboratory Automation Market Outlook, By Automated Storage and Retrieval Systems (ASRS) (2021-2030) ($MN)
- Table 35 Europe Modular Laboratory Automation Market Outlook, By Robotic Arms (2021-2030) ($MN)
- Table 36 Europe Modular Laboratory Automation Market Outlook, By Software (2021-2030) ($MN)
- Table 37 Europe Modular Laboratory Automation Market Outlook, By Application (2021-2030) ($MN)
- Table 38 Europe Modular Laboratory Automation Market Outlook, By Clinical Diagnostics (2021-2030) ($MN)
- Table 39 Europe Modular Laboratory Automation Market Outlook, By Drug Discovery (2021-2030) ($MN)
- Table 40 Europe Modular Laboratory Automation Market Outlook, By Genomics (2021-2030) ($MN)
- Table 41 Europe Modular Laboratory Automation Market Outlook, By Proteomics (2021-2030) ($MN)
- Table 42 Europe Modular Laboratory Automation Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 43 Asia Pacific Modular Laboratory Automation Market Outlook, By Country (2021-2030) ($MN)
- Table 44 Asia Pacific Modular Laboratory Automation Market Outlook, By Equipment and Software (2021-2030) ($MN)
- Table 45 Asia Pacific Modular Laboratory Automation Market Outlook, By Analyzers (2021-2030) ($MN)
- Table 46 Asia Pacific Modular Laboratory Automation Market Outlook, By Automated Liquid Handlers (2021-2030) ($MN)
- Table 47 Asia Pacific Modular Laboratory Automation Market Outlook, By Automated Plate Handlers (2021-2030) ($MN)
- Table 48 Asia Pacific Modular Laboratory Automation Market Outlook, By Automated Storage and Retrieval Systems (ASRS) (2021-2030) ($MN)
- Table 49 Asia Pacific Modular Laboratory Automation Market Outlook, By Robotic Arms (2021-2030) ($MN)
- Table 50 Asia Pacific Modular Laboratory Automation Market Outlook, By Software (2021-2030) ($MN)
- Table 51 Asia Pacific Modular Laboratory Automation Market Outlook, By Application (2021-2030) ($MN)
- Table 52 Asia Pacific Modular Laboratory Automation Market Outlook, By Clinical Diagnostics (2021-2030) ($MN)
- Table 53 Asia Pacific Modular Laboratory Automation Market Outlook, By Drug Discovery (2021-2030) ($MN)
- Table 54 Asia Pacific Modular Laboratory Automation Market Outlook, By Genomics (2021-2030) ($MN)
- Table 55 Asia Pacific Modular Laboratory Automation Market Outlook, By Proteomics (2021-2030) ($MN)
- Table 56 Asia Pacific Modular Laboratory Automation Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 57 South America Modular Laboratory Automation Market Outlook, By Country (2021-2030) ($MN)
- Table 58 South America Modular Laboratory Automation Market Outlook, By Equipment and Software (2021-2030) ($MN)
- Table 59 South America Modular Laboratory Automation Market Outlook, By Analyzers (2021-2030) ($MN)
- Table 60 South America Modular Laboratory Automation Market Outlook, By Automated Liquid Handlers (2021-2030) ($MN)
- Table 61 South America Modular Laboratory Automation Market Outlook, By Automated Plate Handlers (2021-2030) ($MN)
- Table 62 South America Modular Laboratory Automation Market Outlook, By Automated Storage and Retrieval Systems (ASRS) (2021-2030) ($MN)
- Table 63 South America Modular Laboratory Automation Market Outlook, By Robotic Arms (2021-2030) ($MN)
- Table 64 South America Modular Laboratory Automation Market Outlook, By Software (2021-2030) ($MN)
- Table 65 South America Modular Laboratory Automation Market Outlook, By Application (2021-2030) ($MN)
- Table 66 South America Modular Laboratory Automation Market Outlook, By Clinical Diagnostics (2021-2030) ($MN)
- Table 67 South America Modular Laboratory Automation Market Outlook, By Drug Discovery (2021-2030) ($MN)
- Table 68 South America Modular Laboratory Automation Market Outlook, By Genomics (2021-2030) ($MN)
- Table 69 South America Modular Laboratory Automation Market Outlook, By Proteomics (2021-2030) ($MN)
- Table 70 South America Modular Laboratory Automation Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 71 Middle East & Africa Modular Laboratory Automation Market Outlook, By Country (2021-2030) ($MN)
- Table 72 Middle East & Africa Modular Laboratory Automation Market Outlook, By Equipment and Software (2021-2030) ($MN)
- Table 73 Middle East & Africa Modular Laboratory Automation Market Outlook, By Analyzers (2021-2030) ($MN)
- Table 74 Middle East & Africa Modular Laboratory Automation Market Outlook, By Automated Liquid Handlers (2021-2030) ($MN)
- Table 75 Middle East & Africa Modular Laboratory Automation Market Outlook, By Automated Plate Handlers (2021-2030) ($MN)
- Table 76 Middle East & Africa Modular Laboratory Automation Market Outlook, By Automated Storage and Retrieval Systems (ASRS) (2021-2030) ($MN)
- Table 77 Middle East & Africa Modular Laboratory Automation Market Outlook, By Robotic Arms (2021-2030) ($MN)
- Table 78 Middle East & Africa Modular Laboratory Automation Market Outlook, By Software (2021-2030) ($MN)
- Table 79 Middle East & Africa Modular Laboratory Automation Market Outlook, By Application (2021-2030) ($MN)
- Table 80 Middle East & Africa Modular Laboratory Automation Market Outlook, By Clinical Diagnostics (2021-2030) ($MN)
- Table 81 Middle East & Africa Modular Laboratory Automation Market Outlook, By Drug Discovery (2021-2030) ($MN)
- Table 82 Middle East & Africa Modular Laboratory Automation Market Outlook, By Genomics (2021-2030) ($MN)
- Table 83 Middle East & Africa Modular Laboratory Automation Market Outlook, By Proteomics (2021-2030) ($MN)
- Table 84 Middle East & Africa Modular Laboratory Automation Market Outlook, By Other Applications (2021-2030) ($MN)
