World laboratory robotics market generated a income of USD 289.38 million in 2022 and is projected to realize a price of USD 527.56 million by 2031 at a CAGR of 6.9% in the course of the forecast interval 2023–2031.
Laboratory robotics continues to be in its early phases of improvement however is rising quickly, which presents each challenges and alternatives. On one hand, there may be nonetheless numerous room for enchancment when it comes to expertise and effectivity. Nevertheless, this additionally means that there’s important potential for development and innovation on this sector. The vast majority of firms within the laboratory robotics market are small, with only some massive gamers. Nevertheless, the trade is anticipated to develop quickly within the coming years, as laboratory robots develop into extra extensively adopted. The most important drivers for this development are the rising automation of laboratories and the necessity for quicker and extra correct outcomes. At present, there are three major sorts of laboratory robots: automated liquid handlers, autoclave washers, and cell tradition programs.
Essentially the most of this development of the world laboratory robotics market was pushed by the pharmaceutical and biotechnology industries, which had been utilizing robots to hurry up drug discovery and improvement processes. The report additionally discovered that the usage of robots was changing into extra widespread in different industries, equivalent to meals and beverage, chemical substances, and oil and fuel. As well as, the report discovered that robots had been getting used extra extensively in analysis laboratories, significantly in tutorial settings.
Lastly, the report discovered that there was a rising development of firms outsourcing their laboratory robotics must specialised suppliers. This was very true for small and medium-sized firms that didn’t have the inner assets to develop and keep their very own robotic infrastructure.
Excessive Funding Value and Lack of Standardization to Imped Laboratory Robotics Market Progress to Some Extent
Astute Analytica expects that new sorts of robots will emerge sooner or later as expertise advances. One of many key challenges dealing with the trade is the excessive price of funding. Laboratory robotics are typically dearer than conventional handbook strategies and this could hamper adoption.
One other problem is the shortage of standardization throughout totally different platforms which may make it troublesome to match outcomes and replicate experiments. Our research believes that these challenges could be overcome with continued innovation and funding within the sector. The report on laboratory robotics market accommodates numerous suggestions for each suppliers and customers of laboratory robotics. Suppliers ought to deal with creating new functions and enhancing usability whereas customers ought to search to extend collaboration between totally different stakeholders to drive adoption.
Key Market Tendencies to Watch Out
Astute Analytica’s evaluation of laboratory robotics market enabled it to establish a number of key traits shaping the market.
- First, the trade is benefiting from the continued improvement of latest robotic applied sciences.
- Second, laboratory robotics firms are consolidating at a speedy tempo.
- And third, the trade is shifting from North America and Europe to Asia.
The continued improvement of latest robotic applied sciences is driving development within the laboratory robotics trade. Newer, extra superior robots are coming into the market, and they’re changing into extra inexpensive. That is making laboratory robotics extra accessible to a wider vary of consumers, together with small- and medium-sized laboratories.
The trade can also be benefiting from the consolidation of laboratory robotics firms. A rising variety of companies are buying different firms within the house, which helps them to broaden their product choices and achieve scale benefits. The consolidation development can also be making the trade extra environment friendly and lowering prices.
Lastly, the laboratory robotics market is shifting from North America and Europe to Asia. This displays the rising financial significance of Asia as a marketplace for Laboratory robotics services and products.
Three Main Shifts are Underway in World Laboratory Robotics Market
Astute Analytica’s evaluation additionally Identifies three main shifts which might be beneath means available in the market:
- A transfer from low-end to high-end functions
- A transfer from disconnected to built-in programs
- A transfer from custom-built to off-the-shelf options
These shifts are being pushed by advances in expertise and modifications in buyer preferences, and they’re altering the aggressive panorama of the laboratory robotics market. Curiously, the variety of firms providing automated liquid handlers has remained comparatively fixed over the previous few years, whilst different segments have seen new entrants. This is because of the truth that liquid handlers are sometimes used for high-throughput screening functions, which require a special set of capabilities than different segments.
Because of this, the automated liquid dealing with phase has been comparatively insulated from commoditization pressures. In distinction, the opposite segments of the laboratory robotics market have seen a proliferation of latest entrants lately. That is according to the truth that these segments are much less capital intensive and have decrease boundaries to entry than automated liquid dealing with.
Laboratory Robotics Market Gaining Momentum for Drug Discovery
As drug discovery turns into more and more reliant on high-throughput strategies, laboratory robotics is enjoying an more and more essential function. Automated liquid dealing with robots are actually commonplace in lots of analysis laboratories, and are used for quite a lot of duties equivalent to plate washing, reagent meting out and nucleic acid extraction. Along with their routine use in drug discovery, laboratory robotics can also be getting used to create new medicine. For instance, automated DNA synthesis and peptide synthesis are each highly effective instruments that can be utilized to create new molecules for testing.
The rising use of laboratory robotics is having a significant impression on the pace and effectivity of drug discovery. With an increasing number of duties being automated, researchers are capable of deal with different features of their work, resulting in quicker progress in the direction of new remedies.
There are a number of causes for the rising use of laboratory robotics market in drug discovery.
- First, they’ll automate tedious and time-consuming duties, equivalent to pipetting and media preparation. This frees up scientists to deal with extra advanced duties. Second, they’ll enhance throughput by operating a number of experiments concurrently.
- Third, they supply larger accuracy and precision than handbook strategies, which is essential for drug discovery the place failure charges are excessive.
- Lastly, they enhance reproducibility by making certain that experiments are carried out in a constant method.
Laboratory robotics market is changing into an more and more essential software in drug discovery. Their capability to automate repetitive duties, enhance throughput, and enhance accuracy and reproducibility makes them invaluable for this utility.
A few of the Prime Market Gamers Are:
- AB Controls
- Aerotech
- Anton Paar
- Aurora Biomed
- Biosera
- Chemspeed Applied sciences
- Cleveland Automation Engineering
- Hamilton Robotics
- HighRes Biosolutions
- Hudson Robotics
- Labman
- PerkinElmer Inc.
- Protedyne (LabCorp)
- Siemens AG
- ST Robotics
- Tecan Group
- Thermo Fisher Scientific
- Common Robots
- Yaskawa Electrical
- Different Distinguished Gamers
About Astute Analytica
Astute Analytica is a worldwide analytics and advisory firm which has constructed a stable popularity in a brief interval, because of the tangible outcomes we’ve got delivered to our shoppers. We pleasure ourselves in producing unparalleled, in depth and uncannily correct estimates and projections for our very demanding shoppers unfold throughout totally different verticals. We’ve got a protracted listing of happy and repeat shoppers from a large spectrum together with expertise, healthcare, chemical substances, semiconductors, FMCG, and plenty of extra. These pleased prospects come to us from all throughout the Globe. They can make properly calibrated selections and leverage extremely profitable alternatives whereas surmounting the fierce challenges all as a result of we analyze for them the advanced enterprise surroundings, phase sensible present and rising potentialities, expertise formations, development estimates, and even the strategic decisions out there. Briefly, an entire package deal. All that is attainable as a result of we’ve got a extremely certified, competent, and skilled crew of execs comprising of enterprise analysts, economists, consultants, and expertise consultants. In our listing of priorities, you-our patron-come on the prime. You could be certain of finest cost-effective, value-added package deal from us, do you have to determine to have interaction with us.