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Modular Laboratory Automation Market Size (2024 - 2029)

The modular laboratory automation market is poised for growth, driven by the transition from manual to automated systems that enhance productivity and reduce human error in sterile environments. This shift offers numerous advantages, including reliable outcomes, safe working conditions, and significant savings in time, space, and costs. Emerging markets present substantial opportunities for expansion, with increasing demand for clinical diagnostics fueling the sales of lab automation equipment. The adoption of advanced technologies, such as real-time PCR, is further propelling the market, particularly in North America and Europe. Despite challenges posed by the COVID-19 pandemic, which strained resources and impacted revenues, the long-term prospects for the modular laboratory automation market remain positive.

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Market Size of Modular Laboratory Automation Industry

Modular Laboratory Automation Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Modular Laboratory Automation Market Analysis

The modular laboratory automation market is anticipated to grow at a CAGR of 6.5% over the forecast period. Laboratory automation has transformed the medical laboratory space by steadily replacing semi-automatic and manual methods with fully automated systems. These automation systems are beneficial in sterile environments, wherein human error is significantly reduced and time is saved. Routine laboratory processes, such as testing, screening, etc., are automated. Automation tools can process concurrent requests in real time, showing marked improvement in productivity and throughput.

  • One of the primary reasons expected to promote market expansion shortly is the rise in benefits given by lab automation. A paradigm change from total manual intervention to lab automation has various advantages for clinical laboratories. Reliable outcomes, safe working conditions, higher productivity, and significant time, space, and cost savings are just a few of the primary benefits. Lab automation makes it easier to utilize laboratory equipment for repetitive processes like sample verification and tube labeling and lowering and limiting the physical strain caused by manual chores, which saves money and space in the lab.
  • Emerging markets are likely to provide considerable growth possibilities for lab automation product manufacturers and distributors during the projected period. Increasing demand for clinical diagnostic processes, resulting in increasing lab automation equipment sales. Major product manufacturers are expanding their distribution networks and production capabilities in new areas to increase their market share. This presents a profitable potential for laboratory automation.
  • Liquid handlers and robotic arms are gradually becoming handy for performing different tasks with increased efficiency in modular laboratory environments. Conversely, the automation tools also handle the demand for the systematic execution of specific tasks, like running ELISA assays.
  • In recent years, molecular diagnostic assays have relied significantly on real-time PCR technology, which detects the amplification of DNA in real-time, while PCR is in progress using a fluorescent reporter. More than 75% of clinic molecular diagnostic tests are amenable to real-time PCR procedures. This technology has provoked a new molecular biology market by offering rapid assays for better diagnosis and personalized treatment of complex diseases.
  • Further, the use of laboratory automation tools in early cancer detection and increased adoption in microbiology have been the major contributors to the market growth in North America and Europe. MLA (Medical Laboratory Assistants) tools are widely employed for diagnosis in emerging markets like India and China, and the demand for these tools is expected to rise steadily.
  • The COVID-19 pandemic has accelerated medicine development and research while putting additional strain on clinical laboratories and pharmaceutical companies. As a consequence of the increased interest in microplate readers, automated liquid handling, and robots, ensuring a shorter TAT has become a priority. On the other hand, the epidemic has resulted in lower revenues and margins for hospitals and health systems, as well as lower expenditures on automation and technology. As a result, the long-term market for modular laboratory automation is impacted.

Modular Laboratory Automation Industry Segmentation

Laboratory automation is defined as any device, software, or process that requires minimal human intervention and improves the efficiency of the laboratory. Laboratory automation includes the use of robots, machines, conveyors, software, vision, etc. Various equipment and software, depending upon the application, can be used in modular laboratory automation. The Modular Laboratory Automation Market is Segmented by Equipment and Software (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, ASRS, Software, Analyzers), Field of Application (Drug Discovery, Genomics, Proteomics, Clinical Diagnostics), and Geography.

By Equipment and Software
Automated Liquid Handlers
Automated Plate Handlers
Robotic Arms
Automated Storage and Retrieval Systems (ASRS)
Software
Analyzers
By Field of Application
Drug Discovery
Genomics
Proteomics
Clinical Diagnostics
Other Fields of Application
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
Spain
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of Asia Pacific
Rest of the World
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Modular Laboratory Automation Market Size Summary

The modular laboratory automation market is poised for significant growth, driven by the transition from manual to automated systems in medical laboratories. This shift enhances productivity and reduces human error, particularly in sterile environments. Automation tools streamline routine processes such as testing and screening, offering benefits like reliable outcomes, safe working conditions, and substantial savings in time, space, and costs. The market is further bolstered by the increasing demand for clinical diagnostics, with emerging markets presenting lucrative opportunities for manufacturers and distributors. The adoption of advanced technologies, such as liquid handlers and robotic arms, is enhancing efficiency in modular laboratory settings, while real-time PCR technology is revolutionizing molecular diagnostics, facilitating rapid assays for complex disease diagnosis and personalized treatment.

The Asia-Pacific region is expected to witness heightened demand for lab automation solutions, fueled by the burgeoning pharmaceuticals market and increased investment in research and development. The region's favorable conditions for pharmaceutical research, including a diverse population and cost-effective skilled labor, make it an attractive hub for outsourcing drug development. The modular laboratory automation market is characterized by fragmentation, with numerous companies entering the space, driven by the rapid growth in clinical and pre-clinical studies. Key players like Thermo Fisher Scientific, Danaher Corporation, and Becton Dickinson are leading innovations, while strategic collaborations and investments are further propelling market expansion. The COVID-19 pandemic has accelerated the adoption of automation technologies, highlighting the need for efficient testing solutions and optimizing productivity in laboratory settings.

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Modular Laboratory Automation Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Assessment of COVID-19 Impact on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Equipment and Software

      1. 2.1.1 Automated Liquid Handlers

      2. 2.1.2 Automated Plate Handlers

      3. 2.1.3 Robotic Arms

      4. 2.1.4 Automated Storage and Retrieval Systems (ASRS)

      5. 2.1.5 Software

      6. 2.1.6 Analyzers

    2. 2.2 By Field of Application

      1. 2.2.1 Drug Discovery

      2. 2.2.2 Genomics

      3. 2.2.3 Proteomics

      4. 2.2.4 Clinical Diagnostics

      5. 2.2.5 Other Fields of Application

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 Spain

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 South Korea

        4. 2.3.3.4 Rest of Asia Pacific

      4. 2.3.4 Rest of the World

Modular Laboratory Automation Market Size FAQs

The Modular Laboratory Automation Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)

Thermo Fisher Scientific, Danaher Corporation, Becton Dickinson, Siemens Healthcare and PerkinElmer are the major companies operating in the Modular Laboratory Automation Market.

Modular Laboratory Automation Market Report Snapshots

Modular Laboratory Automation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)