Laboratory Automation Market Size, Share, Growth, Forecast 2030

Laboratory Automation Industry Prospective:

The global laboratory automation market size was worth around USD 4.5 billion in 2022 and is predicted to grow to around USD 7.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.0% between 2023 and 2030.         

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Laboratory Automation Market: Overview

Laboratory automation is the use of diverse hardware and software to carry out a variety of scientific research tasks automatically. It consists of robotics, conveyor systems, machine vision, and computer hardware & software, and it assures the precision and safety of numerous research operations and sample management. By removing human mistakes and significantly decreasing human workload, it aids with the real-time analysis of testing. It entails the automation of several crucial steps in the research process, including sample centrifugation, storage, sorting, decapping, and recapping. Additionally, it helps research laboratories increase their testing capacity and workflow, lower their cost per test, and shorten their turnaround time.

Key Insights

• As per the analysis shared by our research analyst, the global Laboratory Automation market is estimated to grow annually at a CAGR of around 6.0% over the forecast period (2023-2030).
• In terms of revenue, the global Laboratory Automation market size was valued at around USD 4.5 billion in 2022 and is projected to reach USD 7.1 billion, by 2030.
• The laboratory automation industry is driven by several factors including the growing prevalence of chronic disease.
• Based on the product, the automated workstations are expected to hold the largest market share over the forecast period.
• Based on the application, the drug discovery segment is expected to dominate the market during the forecast period.
• Based on region, North America is expected to dominate the market during the forecast period.

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Laboratory Automation Market: Growth Drivers

Increasing adoption of automated workstations drives market growth

Laboratory performance and productivity are growing because of the usage of automated workstations. Automated workstations free lab employees from demanding severe attention and fatigue that may come from doing multiple tests. By allowing workers to use their time more productively, these automated workstations aided their productivity. Additionally, customized automated lab liquid-handling workstations will keep laboratories operating even when staff is not present and will keep tests going over the weekend so that the research labs may do the majority of their work before the first working day of the week. Customized laboratory workstations are used more frequently now. While transporting plates manually on and off the stage to storage incubators in many big laboratories, automatic liquid handlers are used, and readers employ automated workstations. The majority of laboratories are upgrading their liquid-handling benchtop analyzers with new capabilities to enable automation by switching to workstations. Total lab automation is costly to implement, but workstations can boost lab productivity and decrease manual mistakes. Thus, this is expected to propel the global laboratory automation market growth over the forecast period.

Laboratory Automation Market: Restraints

High initial investment and complex integration hamper market growth

The high initial cost of implementing laboratory automation technologies is one of the main obstacles to the laboratory automation industry growth. Due to the high cost of these systems' installation, setup, and integration into current workflows, smaller laboratories with fewer resources may be discouraged from investing in automation. Additionally, it can be difficult and time-consuming to integrate automated technologies into current laboratory setups. Implementation problems may arise from compatibility problems, modification demands, and the need to instruct staff on how to use the new systems. Thus, this is expected to act as a major restraint to the market growth over the forecast period.

Laboratory Automation Market: Opportunities

Growing innovative product launches provide a lucrative opportunity for market growth

The growing innovative product launches are expected to offer a lucrative opportunity for laboratory automation market growth during the forecast period. For instance, in June 2023, with the help of its potent new Light Array Module (LAM) for the well-liked BioLector XT Microbioreactor, Beckman Coulter Life Sciences, a global leader in laboratory automation and innovation, is illuminating microbioreactor research. This new development makes it possible to deal with light-dependent creatures that require photosynthesis to flourish for the first time. The Light Array Module offers daytime and nighttime illumination options with adjustable light settings between 400 and 700 nm in the photosynthetic spectrum. The 16 various LED types used to provide spectrum flexibility may each be independently adjusted to give maximal irradiances and photon flux densities of up to 3500 mol/m2/s (micromoles reaching one square meter per second). Thus, driving the market growth.

Laboratory Automation Market: Challenges

Data security and compliance pose a challenge to market growth

In clinical labs and pharmaceutical labs, sensitive data handled by laboratories includes patient information and private research data. Using automated systems might make it difficult to ensure data security and regulatory compliance, such as HIPAA in the healthcare industry. Thus, this is expected to pose a major challenge to the laboratory automation market growth during the forecast period.

Laboratory Automation Market: Segmentation

The global Laboratory Automation industry is segmented based on product, application, end-user, and region.

Based on the product, the global market is bifurcated into automated workstations, microplate readers, automated ELISA systems, automated nucleic acid purification systems, robotic systems, software & informatics. Automated workstations are expected to hold the largest market share over the forecast period. A robotic arm, a pipetting module, and other automation components are all included in an automated workstation, sometimes referred to as a liquid handling workstation or a robotic workstation. They are made to automate processes including liquid handling, assay setup, plate replication, and sample preparation. These workstations greatly decrease the amount of manual labor required, reduce human error, and improve data repeatability. Therefore, these benefits are expected to drive the segment growth during the forecast period.

Based on the application, the laboratory automation industry is bifurcated into drug discovery, clinical diagnostics, genomics solutions, and proteomics solutions. The drug discovery segment is expected to dominate the market during the forecast period. The time it takes to develop, synthesize, and screen a chemical can be cut in half in drug discovery laboratories. This procedure takes longer since it's so complicated. This explains why there are so few participants in the drug discovery process. Additionally, a lot of businesses are concentrating on lowering the risks associated with the medication development process. Market-available laboratory automation is one answer to these issues. High-throughput screening, made feasible by automated robots & workstations, enables researchers to quickly assess a variety of compounds' effectiveness against a particular biological target. One of the main benefits is that they can quickly and accurately test tens of thousands to a few hundred thousand agents. Robots, plate readers, and specialist instrumentation control and data processing software are used in laboratories to automate tasks. Thus, driving the segment growth.

Based on the end user, the global Laboratory Automation industry is bifurcated into the biotechnology & pharmaceutical industries, research institutes, and others.

Laboratory Automation Market: Report Scope

Laboratory Automation Market: Regional Analysis

North America is expected to dominate the market growth over the forecast period

North America is expected to dominate the global laboratory automation market over the forecast period. The market growth in the region is attributed to the presence of major players such as Abbott, ThermoFisher Scientific, and others. These market players continuously launch innovative products to cater to end-user industries. For instance, in May 2023, the GLP Systems Track Laboratory Automation Solution was introduced by Abbott Laboratories. The GLP TLA system exhibits extraordinary efficiency by effortlessly processing 900 samples per hour by leveraging an automated sample delivery track system.

On the other hand, the Asia Pacific is expected to grow at the highest CAGR over the forecast period. With an emphasis on medication discovery and development, APAC's pharmaceutical and biotechnology industries are expanding significantly. The need for automation solutions is being driven by the critical role that laboratory automation plays in expediting the drug development process. Thus, this is expected to drive the market growth in the region.

Laboratory Automation Market: Competitive Analysis

The global Laboratory Automation market is dominated by players like:

• Danaher Corp.
• Agilent Technologies Inc.
• BMG Labtech GmbH
• Becton
• Dickinson and Company
• BioMerieux SA
• Aurora Biomed Inc.
• Abbot Laboratories
• Endress+Hauser Group Services Ag
• Hudson Robotics Inc.
• F. Hoffmann-La Roche Ag
• General Biologicals Corp.
• Hamilton Company
• Eppendorf Ag
• Siemens Ag
• PerkinElmer Inc.
• QIAGEN GmbH
• Roche Diagnostics
• Merck KGaA
• Tecan and Thermo Fisher Scientific

The global Laboratory Automation market is segmented as follows:

By Product

• Automated Workstations
• Microplate Readers
• Automated ELISA Systems
• Automated Nucleic Acid Purification Systems
• Robotic Systems
• Software & Informatics

By Application

• Drug Discovery
• Clinical Diagnostics
• Genomics Solutions
• Proteomics Solutions

By End User

• Biotechnology & Pharmaceutical Industries
• Research Institutes
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa