Laboratory Robotics Market Key Findings by 2031
The Laboratory Robotics Market is expected to register a CAGR of 7.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Automated Liquid Handling Robots, Automated Plate Handlers, Robotic Arms, Lab Automation Workstations, Microplate Readers and Washers, and Others), Application (Drug Discovery, Clinical Diagnosis, Microbiology Solutions, Genomics Solutions, and Proteomics Solutions), End user (Clinical Laboratory and Research Laboratory)
Purpose of the ReportThe report Laboratory Robotics Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Laboratory Robotics Market Segmentation
Product- Automated Liquid Handling Robots
- Automated Plate Handlers
- Robotic Arms
- Lab Automation Workstations
- Microplate Readers and Washers
- Others
- Drug Discovery
- Clinical Diagnosis
- Microbiology Solutions
- Genomics Solutions
- Proteomics Solutions
- Clinical Laboratory and Research Laboratory
Strategic Insights
Laboratory Robotics Market Growth Drivers- Increasing Demand for Automation in Laboratories: One of the main factors boosting the growth of the laboratory robotics industry is the increasing need for automation in the laboratories. Every laboratory wants to maximize the efficiency, accuracy, and throughput and for this reason has already started using cognate systems to perform certain basic and repetitive works such as sample preparation and analysis, pipetting, etc. This reduces the chances of error and more investments are likely to be channelled to laboratory robotics.
- Growing Need for High-Throughput Screening: The laboratory robotics industry is growing due to the heightened demand for high-throughput screening during drug design and development stages. In the process of drug development, resarchers have to evaluate and screen a bigger number of sample drugs in the shorter period of time finding the most promising compounds. Robotic infrastructures allow laboratories to design high throughput assays with greater efficiency and speed than is otherwise possible, enhancing the processes of pharmaceutical screening and diagnostic development, shorting the phases of drugs development.
- Advances in Robotic Technologies: All these technological innovations in robotics are advancing the position of laboratory robotic systems into the next frontier. General purpose artificial intelligence, machine intelligence infusion, and sensor technologies integration are some of the benefits of laboratory robots which resulted in sophisticated automation solutions designed for more complex activities that not only increases the efficacy of the endangered operational processes but also increases the extent of usage of laboratory robots.
- Miniaturization & Integration: The whole trend of miniaturization and integration in the market of laboratory robotics necessitates the use of small and multi-functional robotic systems. Newer technologies allow laboratories to perform complicated tasks in a lesser area and most importantly at a cheaper cost. These robotic solutions incorporate many functions including, but not limited to, liquid handling, process and sample preparation which provides for the efficient flow of activities, increased output and reproducibility features which modern day lab.
- Artificial intelligence And Machine learning: The intersection of AI and ML with laboratory robotics changes how data is handled and how decisions are made. Such robots use experimental data to inform AI-optimized robots, which can revise their procedures and increase the efficiency of real-time workflow orders. As a result, research development turns out to be faster, more accurate, more foresight, and lab processes are effective and also adjustable to the user’s needs.
- Collaboration Robots (Cobots): In the laboratory context, the use of Cobots, or ‘collaborative robots’ has been on the rise as they can be operated in the presence of human researchers. It reduces the burden on scientists since the majority of the repetitive tasks are performed by robots and the scientists can handle more intricate assessments. Due to their ease of operation and adjustability, cobots, can however accommodate a myriad of applications thus promoting the creativity in the designs of experiments and the projects undertaken.
- Personalized Medicine Development: Advancements in the Sphere of Personalized Therapeutics: The capability of laboratory robotics to enhance and facilitate high-throughput screening approaches makes it a crucial component in personalized medicine. Robotic systems can provide the process of drug discovery with more sophistication, and also, assist in the process of the drug administration, based upon the person’s genome which improves health outcomes as well as economic benefits.
- Advanced Automation in Clinical Laboratories: The need for a quick, accurate quality diagnostic test has influenced the use of laboratory robotics in clinical self-care. This has brought about an efficient workflow, minimizing human intervention as well as enabling analysis of diagnostic information on real-time, thus attending to the patients’ needs more promptly. Critical change in the utilization of clinical laboratories has resulted in increased output of services which are beneficial to the patients as the tests are done faster.
- Integration with Artificial Intelligence: Acceptance of Artificial Intelligence in the Automation of Laboratories: With the development of artificial intelligence, fun application in research tasks optimization has become available in the field of laboratory robotics. Robotic systems enable lots of information to be collected instantly._AI is able to use this information and do both, find out that something is wrong within the statistics and also how this statistics evolve over time which can normally be too advanced even for a trained person. The interface of AI and robotics has improved the scope of the experimental design in the tasks and this has stimulated the ingenuity in biotechnology and new drug designs.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Laboratory Robotics Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Laboratory Robotics Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
North America dominated the laboratory robotics market in 2023
The market drivers include increasing demand for automation in laboratories and growing need for high-throughput screening are driving the laboratory robotics market
Miniaturization & integration are likely to remain the key trend during the forecast period
The laboratory robotics market majorly consists of the players such as XX among others.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
The laboratory robotics market is estimated to grow with a CAGR of 7.2% from 2023 to 2031.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Laboratory Robotics Market - By Application
1.3.2Laboratory Robotics Market - By End-user
1.3.3Laboratory Robotics Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.LABORATORY ROBOTICS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.LABORATORY ROBOTICS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.LABORATORY ROBOTICS MARKET - GLOBAL MARKET ANALYSIS
6.1.LABORATORY ROBOTICS - GLOBAL MARKET OVERVIEW
6.2.LABORATORY ROBOTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.LABORATORY ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1.OVERVIEW
7.2.APPLICATION MARKET FORECASTS AND ANALYSIS
7.3.DRUG DISCOVERY
7.3.1.Overview
7.3.2.Drug Discovery Market Forecast and Analysis
7.4.CLINICAL DIAGNOSIS
7.4.1.Overview
7.4.2.Clinical Diagnosis Market Forecast and Analysis
7.5.MICROBIOLOGY SOLUTIONS
7.5.1.Overview
7.5.2.Microbiology Solutions Market Forecast and Analysis
7.6.GENOMICS SOLUTIONS
7.6.1.Overview
7.6.2.Genomics Solutions Market Forecast and Analysis
7.7.PROTEOMICS SOLUTIONS
7.7.1.Overview
7.7.2.Proteomics Solutions Market Forecast and Analysis
7.8.OTHERS
7.8.1.Overview
7.8.2.Others Market Forecast and Analysis
8.LABORATORY ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1.OVERVIEW
8.2.END-USER MARKET FORECASTS AND ANALYSIS
8.3.CLINICAL LABORATORIES
8.3.1.Overview
8.3.2.Clinical laboratories Market Forecast and Analysis
8.4.RESEARCH LABORATORIES
8.4.1.Overview
8.4.2.Research laboratories Market Forecast and Analysis
9.LABORATORY ROBOTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Laboratory Robotics Market Overview
9.1.2North America Laboratory Robotics Market Forecasts and Analysis
9.1.3North America Laboratory Robotics Market Forecasts and Analysis - By Application
9.1.4North America Laboratory Robotics Market Forecasts and Analysis - By End-user
9.1.5North America Laboratory Robotics Market Forecasts and Analysis - By Countries
9.1.5.1United States Laboratory Robotics Market
9.1.5.1.1United States Laboratory Robotics Market by Application
9.1.5.1.2United States Laboratory Robotics Market by End-user
9.1.5.2Canada Laboratory Robotics Market
9.1.5.2.1Canada Laboratory Robotics Market by Application
9.1.5.2.2Canada Laboratory Robotics Market by End-user
9.1.5.3Mexico Laboratory Robotics Market
9.1.5.3.1Mexico Laboratory Robotics Market by Application
9.1.5.3.2Mexico Laboratory Robotics Market by End-user
9.2.EUROPE
9.2.1Europe Laboratory Robotics Market Overview
9.2.2Europe Laboratory Robotics Market Forecasts and Analysis
9.2.3Europe Laboratory Robotics Market Forecasts and Analysis - By Application
9.2.4Europe Laboratory Robotics Market Forecasts and Analysis - By End-user
9.2.5Europe Laboratory Robotics Market Forecasts and Analysis - By Countries
9.2.5.1Germany Laboratory Robotics Market
9.2.5.1.1Germany Laboratory Robotics Market by Application
9.2.5.1.2Germany Laboratory Robotics Market by End-user
9.2.5.2France Laboratory Robotics Market
9.2.5.2.1France Laboratory Robotics Market by Application
9.2.5.2.2France Laboratory Robotics Market by End-user
9.2.5.3Italy Laboratory Robotics Market
9.2.5.3.1Italy Laboratory Robotics Market by Application
9.2.5.3.2Italy Laboratory Robotics Market by End-user
9.2.5.4United Kingdom Laboratory Robotics Market
9.2.5.4.1United Kingdom Laboratory Robotics Market by Application
9.2.5.4.2United Kingdom Laboratory Robotics Market by End-user
9.2.5.5Russia Laboratory Robotics Market
9.2.5.5.1Russia Laboratory Robotics Market by Application
9.2.5.5.2Russia Laboratory Robotics Market by End-user
9.2.5.6Rest of Europe Laboratory Robotics Market
9.2.5.6.1Rest of Europe Laboratory Robotics Market by Application
9.2.5.6.2Rest of Europe Laboratory Robotics Market by End-user
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Laboratory Robotics Market Overview
9.3.2Asia-Pacific Laboratory Robotics Market Forecasts and Analysis
9.3.3Asia-Pacific Laboratory Robotics Market Forecasts and Analysis - By Application
9.3.4Asia-Pacific Laboratory Robotics Market Forecasts and Analysis - By End-user
9.3.5Asia-Pacific Laboratory Robotics Market Forecasts and Analysis - By Countries
9.3.5.1Australia Laboratory Robotics Market
9.3.5.1.1Australia Laboratory Robotics Market by Application
9.3.5.1.2Australia Laboratory Robotics Market by End-user
9.3.5.2China Laboratory Robotics Market
9.3.5.2.1China Laboratory Robotics Market by Application
9.3.5.2.2China Laboratory Robotics Market by End-user
9.3.5.3India Laboratory Robotics Market
9.3.5.3.1India Laboratory Robotics Market by Application
9.3.5.3.2India Laboratory Robotics Market by End-user
9.3.5.4Japan Laboratory Robotics Market
9.3.5.4.1Japan Laboratory Robotics Market by Application
9.3.5.4.2Japan Laboratory Robotics Market by End-user
9.3.5.5South Korea Laboratory Robotics Market
9.3.5.5.1South Korea Laboratory Robotics Market by Application
9.3.5.5.2South Korea Laboratory Robotics Market by End-user
9.3.5.6Rest of Asia-Pacific Laboratory Robotics Market
9.3.5.6.1Rest of Asia-Pacific Laboratory Robotics Market by Application
9.3.5.6.2Rest of Asia-Pacific Laboratory Robotics Market by End-user
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Laboratory Robotics Market Overview
9.4.2Middle East and Africa Laboratory Robotics Market Forecasts and Analysis
9.4.3Middle East and Africa Laboratory Robotics Market Forecasts and Analysis - By Application
9.4.4Middle East and Africa Laboratory Robotics Market Forecasts and Analysis - By End-user
9.4.5Middle East and Africa Laboratory Robotics Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Laboratory Robotics Market
9.4.5.1.1South Africa Laboratory Robotics Market by Application
9.4.5.1.2South Africa Laboratory Robotics Market by End-user
9.4.5.2Saudi Arabia Laboratory Robotics Market
9.4.5.2.1Saudi Arabia Laboratory Robotics Market by Application
9.4.5.2.2Saudi Arabia Laboratory Robotics Market by End-user
9.4.5.3U.A.E Laboratory Robotics Market
9.4.5.3.1U.A.E Laboratory Robotics Market by Application
9.4.5.3.2U.A.E Laboratory Robotics Market by End-user
9.4.5.4Rest of Middle East and Africa Laboratory Robotics Market
9.4.5.4.1Rest of Middle East and Africa Laboratory Robotics Market by Application
9.4.5.4.2Rest of Middle East and Africa Laboratory Robotics Market by End-user
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Laboratory Robotics Market Overview
9.5.2South and Central America Laboratory Robotics Market Forecasts and Analysis
9.5.3South and Central America Laboratory Robotics Market Forecasts and Analysis - By Application
9.5.4South and Central America Laboratory Robotics Market Forecasts and Analysis - By End-user
9.5.5South and Central America Laboratory Robotics Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Laboratory Robotics Market
9.5.5.1.1Brazil Laboratory Robotics Market by Application
9.5.5.1.2Brazil Laboratory Robotics Market by End-user
9.5.5.2Argentina Laboratory Robotics Market
9.5.5.2.1Argentina Laboratory Robotics Market by Application
9.5.5.2.2Argentina Laboratory Robotics Market by End-user
9.5.5.3Rest of South and Central America Laboratory Robotics Market
9.5.5.3.1Rest of South and Central America Laboratory Robotics Market by Application
9.5.5.3.2Rest of South and Central America Laboratory Robotics Market by End-user
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.LABORATORY ROBOTICS MARKET, KEY COMPANY PROFILES
11.1.AB CONTROLS
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ALS AUTOMATED LAB SOLUTIONS
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.BECKMAN COULTER INC.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.CLEVELAND AUTOMATION ENGINEERING
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.HUDSON ROBOTICS
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.PEAK ANALYSIS AND AUTOMATION (PAA)
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.TECAN GROUP
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.THERMO FISHER SCIENTIFIC
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.UNIVERSAL ROBOTS
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.YASKAWA ELECTRIC
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. AB Controls
2. ALS Automated Lab Solutions
3. Beckman Coulter Inc.
4. Cleveland Automation Engineering
5. Hudson Robotics
6. Peak Analysis and Automation (PAA)
7. Tecan Group
8. Thermo Fisher Scientific
9. Universal Robots
10. Yaskawa Electric
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.