Report Overview
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The global laboratory automation workcells market size was USD 1201.41 million in 2021. As per our research, the market is expected to reach USD 2184.06 million in 2027, exhibiting a CAGR of 10.47% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the laboratory automation workcells market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Laboratory automation workcells are integrated systems designed to automate laboratory processes, such as sample preparation, analysis, and data processing. They typically consist of robotic arms, automated liquid handlers, plate handlers, and other instruments and equipment that work together to perform tasks in a high-throughput and efficient manner.
The laboratory automation workcells market is expected to grow exponentially in the coming years, driven by factors such as increasing demand for accurate and consistent results, improved efficiency in laboratories, and the need for improved cost savings. Furthermore, the market is segmented by type, by application, and geographical expansion of the market. In terms types of products, off-shelf automation workcells and customized automation workcells are available in the market.
COVID-19 Impact: Pandemic Creates Necessity for High-Throughput Laboratory Automatic Systems
The COVID-19 pandemic has had a positive effect on the laboratory automation workcells market. The pandemic has amplified the demand for laboratory automation workcells as laboratories have had to ramp up testing and research efforts related to COVID-19. This has created a necessity for high-throughput and efficient laboratory automation systems that can process large volumes of samples quickly and accurately. Overall, the world health crisis has impelled the growth of the market and expected to continue rise in the coming years.
Latest Trends
"Trend of Advancement in Technology Bring About the Market Opportunity"
The market for laboratory automation workcells has seen remarkable growth in the past few years, propelled by the emergence of new technologies and growing demand for high quality laboratory services. The latest trends in this market are centered around advancements in technology, such as improved automation systems and robotics, as well as an emphasis on cost reduction and process efficiency. The driving factors behind these trends are the need for increased safety, accuracy, and speed in laboratory operations. As a result, laboratories across all industries are looking to invest heavily in automation workcells to stay ahead of their competitors. By leveraging these technologies, laboratories can streamline their operations and reduce human labour costs while enhancing accuracy and reliability which is anticipated to contribute to the laboratory automation workcells market growth throughout the forecast between 2022 to 2028.
Segmentation
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- By Type Analysis
According to type, the market can be bifurcated into off-shelf automation workcells and customized automation workcells.
Bifurcated into off-shelf automation workcells are expected to be the top part of type segmentation.
- By Application Analysis
Based on application, the market can be divided into hospitals and diagnostic laboratories
research and academic institutes, and biotechnology and pharmaceutical companies.
Biotechnology and pharmaceutical companies are expected to be the top part of application segmentation.
Driving Factors
"Increasing Consumer Needs and Technological Advancements Support the Market Growth "
The growth of the market is expected to continue in the near future, driven by a range of factors such as increasing consumer needs and technological advancements. In addition, the development of advanced AI-based software for laboratory tasks has further accelerated the market's growth potential.
"Growing Need for Accuracy and Efficiency in the Laboratory Thrive the Growth of the Market"
The rising need for accuracy and efficiency in the laboratory are another prime factor to drive the market growth. Besides, the market for laboratory automation workcells is experiencing a surge in demand due to increased adoption of automated processes and systems that are also a key feature driving the growth of this market.
Restraining Factors
"High Cost and Complexity of Implementation Can Obstruct the Market Growth"
The market for laboratory automation workcells is projected to experience significant growth over the next decade. However, there are certain restraining factors that may limit the growth of this market. These include cost and complexity of implementation, lack of trained personnel, and frequent updates in technology which can impede the expansion of the market.
Regional Insights
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"North America Leads the Market due to Presence of Major Pharmaceutical and Biotechnology Companies "
According to previous years’ stats, North America is generally considered to be the leading regions in terms of market share. In 2017, around one -third of the laboratory automation workcells market shares are held by the region. Due to the presence of major pharmaceutical and biotechnology companies, academic research institutions, and government funding for research and development, North America is dominating the market. Furthermore, the U.S. is a major contributor to the laboratory automation market in the continent, with a large number of companies offering laboratory automation solutions and services.
Key Industry Players
"Key Players Prioritize to Enhance Capital Investment in R&D to Develop New Technology"
With regard to key players, leading companies in this market include large companies such as Thermo Fisher Scientific, Hudson Robotics, Aim Lab Automation Technologies, and many more. These companies are investing heavily in research and development to create new technologies that can be used for laboratory automation workcells. They are also working towards providing integrated solutions that will make laboratory automation easier and more cost-effective.
List of Market Players Profiled
- SARSTEDT
- Aim Lab Automation Technologies
- A&T
- Peak Analysis & Automation
- Hudson Robotics
- Roche
- Thermo Fisher Scientific
- Siemens
- Inpeco
- Beckman Coulter
Report Coverage
This report defines the laboratory automation workcells market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1201.41 Million in 2021 |
Market Size Value By |
US$ 2184.06 Million by 2027 |
Growth Rate |
CAGR of 10.47% from 2021 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global laboratory automation workcells market expected to touch by 2027?
The global laboratory automation workcells market is expected to touch USD 2184.06 million by 2027.
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What CAGR is the laboratory automation workcells market expected to exhibit during 2021-2027?
The laboratory automation workcells market is expected to exhibit a CAGR of 10.47% over 2021-2027.
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What are the key driving factors of the laboratory automation workcells market?
The rising need for accuracy and efficiency in the laboratory, increasing consumer needs and technological advancements, and growing adoption of automated processes and systems are the driving factors of the laboratory automation workcells market.
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What are the key players in the laboratory automation workcells market?
SARSTEDT, Aim Lab Automation Technologies, A&T, Peak Analysis & Automation, Hudson Robotics, Roche, Thermo Fisher Scientific, Siemens, Inpeco, Beckman Coulter are top players in the laboratory automation workcells market.
