Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.82 Billion | USD 14.45 Billion | 7.2% | 2024 |
The global laboratory automation market size was worth around USD 6.82 Billion in 2024 and is predicted to grow to around USD 14.45 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.2% between 2025 and 2034. The report analyzes the global laboratory automation market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the laboratory automation industry.
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.
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.
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.
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.
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.
The global laboratory automation market is segmented based on Product Type, Process, Application, End-user, and region.
Based on Product Type, the global laboratory automation market is divided into Equipment (Robotic Arms, Automated Workstations, Microplate Readers), Software, Services.
On the basis of Process, the global laboratory automation market is bifurcated into Sample Preparation, Assay Automation, Liquid Handling, Storage & Retrieval.
By Application, the global laboratory automation market is split into Clinical Diagnostics, Genomics, Proteomics, Drug Discovery, Microbiology.
In terms of End-user, the global laboratory automation market is categorized into Hospitals, Research Labs, Diagnostic Laboratories, Pharmaceutical Companies.
Report Attributes | Report Details |
---|---|
Report Name | Laboratory Automation Market |
Market Size in 2024 | USD 6.82 Billion |
Market Forecast in 2034 | USD 14.45 Billion |
Growth Rate | CAGR of 7.2% |
Number of Pages | 222 |
Key Companies Covered | 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, and others., and others. |
Segments Covered | By Product Type, By Process, By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the laboratory automation market on a global and regional basis.
The global laboratory automation market is dominated by players like:
The global laboratory automation market is segmented as follows;
By Product Type
By Process
By Application
By End-user
By Region
FrequentlyAsked Questions
Laboratory automation involves the use of technology and robotic systems to perform laboratory tasks with minimal human intervention. It improves efficiency, accuracy, and throughput in research, diagnostics, and testing labs.
The global laboratory automation market is expected to grow due to demand for faster, error-free diagnostics, increasing R&D activity, and the need to streamline workflows in clinical labs.
According to a study, the global laboratory automation market size was worth around USD 6.82 Billion in 2024 and is expected to reach USD 14.45 Billion by 2034.
The global laboratory automation market is expected to grow at a CAGR of 7.2% during the forecast period.
North America is expected to dominate the laboratory automation market over the forecast period.
Leading players in the global laboratory automation market include 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, and others., among others.
The report explores crucial aspects of the laboratory automation market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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