Laboratory Robotics Market Key Findings by 2031
MARKET INTRODUCTION
The laboratory robotics is the process in which robots are used to perform or assist in several laboratory tasks. Laboratory robots enable the end-users with strong and faster output and empower them to process a huge volume of samples in considerably lesser time as compared to manual processing. Data analysis in research & clinical laboratories is essential for establishing a consequential result. Thus, laboratory robots are proved to be extremely beneficial in attaining the desired objective. Although these robots have found applications in varied industries as well as sciences, however, the pharmaceutical firms have used them above any other industry.
MARKET DYNAMICS
The laboratory robotics market is highly driven by different benefits offered by them, which includes minimal wastage, high speed & efficiency, task endurance, task reproducibility, enhanced safety, precision, high productivity, the ability to resist adverse environmental conditions, as well as monotony and tedium between laboratory workers. However, limitations such as limited flexibility, high installation cost, and lack of instinct for handling difficult or abstruse problems may act as a restraining factor to the growth of laboratory robotics market.
MARKET SCOPE
The "Global Laboratory Robotics Market Analysis to 2031" is a specialized and in-depth study of the laboratory robotics industry with a special focus on the global market trend analysis. The report aims to provide an overview of laboratory robotics market with detailed market segmentation by application, end-user, and geography. The global laboratory robotics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading directional coupler market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global laboratory robotics market is segmented on the basis of application and end-user. Based on the application, the market is segmented into drug discovery, clinical diagnosis, microbiology solutions, genomics solutions, proteomics solutions, and others. The end-user segment of laboratory robotics market is classified into clinical laboratories and research laboratories.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global laboratory robotics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The laboratory robotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the laboratory robotics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the laboratory robotics market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global laboratory robotics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The laboratory robotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the laboratory robotics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the laboratory robotics market in these regions.
MARKET PLAYERS
The reports cover key developments in the laboratory robotics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from laboratory robotics market are anticipated to lucrative growth opportunities in the future with the rising demand for laboratory robotics in the global market. Below mentioned is the list of few companies engaged in the Laboratory robotics market.
The report also includes the profiles of key laboratory robotics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AB Controls
- ALS Automated Lab Solutions
- Beckman Coulter Inc.
- Cleveland Automation Engineering
- Hudson Robotics
- Peak Analysis & Automation (PAA)
- Tecan Group
- Thermo Fisher Scientific
- Universal Robots
- Yaskawa Electric
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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.
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