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Modular Laboratory Automation Trends and Forecast
The future of the global modular laboratory automation market looks promising with opportunities in the drug discovery, genomic, proteomic, and clinical diagnostic markets. The global modular laboratory automation market grow with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are growing necessity for enhanced reproducibility, efficient handling of extensive data volumes, and increasing requirement for dependable automation solutions to fill the gap in skilled personnel shortage.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Modular Laboratory Automation by Segment
The study includes a forecast for the global modular laboratory automation by equipment and software, application, and region.
Modular Laboratory Automation Market by Equipment and Software [Shipment Analysis by Value from 2018 to 2030]:
• Automated Liquid Handlers
• Automated Plate Handlers
• Robotic Arms
• Automated Storage and Retrieval Systems (ASRS)
• Software
• Analyzers
Modular Laboratory Automation Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Drug Discovery
• Genomics
• Proteomics
• Clinical Diagnostics
• Others
Modular Laboratory Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Modular Laboratory Automation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies modular laboratory automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the modular laboratory automation companies profiled in this report include-
• Thermo Fisher Scientific
• Danaher
• Becton Dickinson
• Siemens Healthcare
• Honeywell International
Modular Laboratory Automation Market Insights
Lucintel forecasts that automated liquid handler will remain the largest segment over the forecast period due to its increasing adoption in the biochemcial and chemcial laboratories as it reduces the run time while enhancing accuracy.
Within this market, clinical diagnostic will remain the largest segment due to rising demand for personalized healthcare.
APAC is expected to witness highest growth over the forecast period due to significantly growing pharmaceutical industry and rising investment in pharmaceutical research and development in the region.
Features of the Global Modular Laboratory Automation Market
Market Size Estimates: Modular laboratory automation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Modular laboratory automation market size by equipment and software, application, and region in terms of value ($B).
Regional Analysis: Modular laboratory automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different equipment and softwares, applications, and regions for the modular laboratory automation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the modular laboratory automation market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for modular laboratory automation market?
Answer: The global modular laboratory automation market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the modular laboratory automation market?
Answer: The major drivers for this market are growing necessity for enhanced reproducibility, efficient handling of extensive data volumes, and increasing requirement for dependable automation solutions to fill the gap in skilled personnel shortage.
Q3. What are the major segments for modular laboratory automation market?
Answer: The future of the modular laboratory automation market looks promising with opportunities in the drug discovery, genomic, proteomic, and clinical diagnostic markets.
Q4. Who are the key modular laboratory automation market companies?
Answer: Some of the key modular laboratory automation companies are as follows:
• Thermo Fisher Scientific
• Danaher
• Becton Dickinson
• Siemens Healthcare
• Honeywell International
Q5. Which modular laboratory automation market segment will be the largest in future?
Answer: Lucintel forecasts that automated liquid handler will remain the largest segment over the forecast period due to its increasing adoption in the biochemcial and chemcial laboratories as it reduces the run time while enhancing accuracy.
Q6. In modular laboratory automation market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to significantly growing pharmaceutical industry and rising investment in pharmaceutical research and development in the region.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the modular laboratory automation market by equipment and software (automated liquid handlers, automated plate handlers, robotic arms, automated storage and retrieval systems (ASRS), software, and analyzers), application (drug discovery, genomics, proteomics, clinical diagnostics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Modular Laboratory Automation Market, Modular Laboratory Automation Market Size, Modular Laboratory Automation Market Growth, Modular Laboratory Automation Market Analysis, Modular Laboratory Automation Market Report, Modular Laboratory Automation Market Share, Modular Laboratory Automation Market Trends, Modular Laboratory Automation Market Forecast, Modular Laboratory Automation Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Modular Laboratory Automation Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Modular Laboratory Automation Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Modular Laboratory Automation Market by Equipment and Software
3.3.1: Automated Liquid Handlers
3.3.2: Automated Plate Handlers
3.3.3: Robotic Arms
3.3.4: Automated Storage and Retrieval Systems (ASRS)
3.3.5: Software
3.3.6: Analyzers
3.4: Global Modular Laboratory Automation Market by Application
3.4.1: Drug Discovery
3.4.2: Genomics
3.4.3: Proteomics
3.4.4: Clinical Diagnostics
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Modular Laboratory Automation Market by Region
4.2: North American Modular Laboratory Automation Market
4.2.2: North American Modular Laboratory Automation Market by Application: Drug Discovery, Genomics, Proteomics, Clinical Diagnostics, and Others
4.3: European Modular Laboratory Automation Market
4.3.1: European Modular Laboratory Automation Market by Equipment and Software: Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems (ASRS), Software, and Analyzers
4.3.2: European Modular Laboratory Automation Market by Application: Drug Discovery, Genomics, Proteomics, Clinical Diagnostics, and Others
4.4: APAC Modular Laboratory Automation Market
4.4.1: APAC Modular Laboratory Automation Market by Equipment and Software: Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems (ASRS), Software, and Analyzers
4.4.2: APAC Modular Laboratory Automation Market by Application: Drug Discovery, Genomics, Proteomics, Clinical Diagnostics, and Others
4.5: ROW Modular Laboratory Automation Market
4.5.1: ROW Modular Laboratory Automation Market by Equipment and Software: Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems (ASRS), Software, and Analyzers
4.5.2: ROW Modular Laboratory Automation Market by Application: Drug Discovery, Genomics, Proteomics, Clinical Diagnostics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Modular Laboratory Automation Market by Equipment and Software
6.1.2: Growth Opportunities for the Global Modular Laboratory Automation Market by Application
6.1.3: Growth Opportunities for the Global Modular Laboratory Automation Market by Region
6.2: Emerging Trends in the Global Modular Laboratory Automation Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Modular Laboratory Automation Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Modular Laboratory Automation Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Thermo Fisher Scientific
7.2: Danaher
7.3: Becton Dickinson
7.4: Siemens Healthcare
7.5: Honeywell International
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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