Laboratory Robotics Market - Growth, Trends, and Forecast (2019 - 2024)

The Laboratory Robotics Market is segmented by Application (Drug Discovery, Clinical Diagnosis, and Microbiology Solutions), End-user (Clinical Laboratory and Research Laboratory), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

6.72%

Key Players:

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Market Overview

The laboratory robotics market is expected to register a CAGR of 6.72% during the forecast period of 2019 - 2024. By delegating repetitive applications to robots, they provide consistency in sample preparation and testing, which increases the efficiency of the test. This advantage of robots is driving the market studied.

  • Laboratory robotics can be broadly defined as using robotics technology to conduct a scientific study and research experiments in a safe environment without the interference of human hands.
  •  The increasing need to ensure the safety of manual workers and the adoption of stringent regulatory protocols in laboratories have initiated the businesses to adopt robotic technologies for critical process applications.
  • Robotics has revolutionized mankind to a greater extent. The reason can be that once the robots are programmed to do a certain task, they continue to do the assigned job at a stretch. They do not get tired or worn out, unlike humans.
  • Moreover, robots maintain accuracy and precision and are highly efficient. These factors are driving the adoption of robotics in laboratories across the world.
  • The high costs associated with the robotic equipment and also the low priority of automation in small to medium-sized labs are restraining the growth of the market studied.

Scope of the Report

Laboratory robotics is the practice of using robots to perform or assist in various types of laboratory tasks, such as pick/place the sample and the solid additions. They can also heat/cool, mix, shake, and test the samples. While the laboratory robots have found their application in various industries and sciences, the pharmaceutical companies have been using them more than any other industry.

By Application
Drug Discovery
Clinical Diagnosis
Microbiology Solutions
Genomics Solutions
Proteomics Solutions
By End-user
Clinical Laboratory
Research Laboratory
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Safety of Both Humans and Property to Drive the Market

  • Laboratory experiments involve the usage of hazardous chemicals and substances that are harmful when coming into direct contact with the human body.
  • However, a number of precautionary measures are being undertaken in the laboratories to overcome the ill-effects of these chemicals. There are a number of cases where these experiments have caused injuries to researchers. Moreover, in some adverse conditions, they can also lead to death.
  • Considering these factors, the need for laboratory robots has grown significantly. These robots make sure that humans are not exposed to these chemicals directly, and in turn, provide a safer working environment.
  • With the increasing sales of medical robots across the world, it is evident that the medical sector is adopting more robots to create a safer workplace and to increase the efficiency of the medical process. This factor is directly boosting the growth of the market studied.
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North America Occupies the Largest Market Share

  • In the North American region, the increasing technological advancements and investments by the market leaders are driving the market to be the largest laboratory robotics market in the world.
  • With the increase in the number of players in this region, the market in this region is witnessing enterprise collaborations and partnerships to achieve a technological breakthrough in the field of robotics, which is also boosting the focus toward technology.
  • Additionally, with the increased R&D activities by the biotechnology and pharmaceutical firms in this region, as well as the increased adoption of lab automation by most of the hospitals and clinical diagnostic labs (due to the increasing volume of test samples) are driving the growth in the lab automation market in North American region.
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Competitive Landscape

The laboratory robotics market is competitive, owing to the presence of small and large players in the market running their business on national as well as international boundaries. The market appears to be moderately consolidated, with the key players adopting strategies, like product innovation and mergers and acquisitions. Some of the key players in the market are PerkinElmer Inc., Thermo Fisher Scientific, Siemens AG, Tecan Group, among others.

  • May 2018 - Thermofisher Scientific, a leading company in the laboratory robotics market, announced that it is collaborating with Astex Pharmaceuticals, a pioneer in innovative drug discovery and development. Astex Pharmaceuticals picked Thermo Fisher Scientific Glacios Cryo-Transmission Electron Microscope (Cryo-TEM) to help them in drug discovery and development program.

Major Players

  1. PerkinElmer Inc.
  2. Thermo Fisher Scientific
  3. Siemens AG
  4. Tecan Group
  5. Beckman Coulter Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Growing Focus on Safety of Both Humans and Property

    4. 4.4 Market Restraints

      1. 4.4.1 Higher Setup Costs

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Drug Discovery

      2. 5.1.2 Clinical Diagnosis

      3. 5.1.3 Microbiology Solutions

      4. 5.1.4 Genomics Solutions

      5. 5.1.5 Proteomics Solutions

    2. 5.2 By End-user

      1. 5.2.1 Clinical Laboratory

      2. 5.2.2 Research Laboratory

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Hamilton Company

      2. 6.1.2 Peak Analysis & Automation (PAA)

      3. 6.1.3 PerkinElmer Inc.

      4. 6.1.4 Thermo Fisher Scientific

      5. 6.1.5 Hudson Robotics Inc.

      6. 6.1.6 Tecan Group

      7. 6.1.7 Anton Paar GmbH

      8. 6.1.8 Biomérieux SA

      9. 6.1.9 Beckman Coulter Inc.

      10. 6.1.10 Siemens AG

      11. 6.1.11 Cleveland Automation Engineering

      12. 6.1.12 QIAGEN NV

      13. 6.1.13 Abbott Laboratories

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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