Market Size of Laboratory Robotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.72 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Laboratory Robotics Market Analysis
The Laboratory Robotics Market was valued at USD 185.80 million in 2020 and is expected to reach USD 274.49 million by 2026, at a CAGR of 6.72% over the forecast period 2021 - 2026. 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.
Laboratory Robotics Industry Segmentation
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 |
Laboratory Robotics Market Size Summary
The laboratory robotics market is experiencing significant growth, driven by the increasing need for efficiency and safety in laboratory environments. By automating repetitive tasks, laboratory robots enhance consistency in sample preparation and testing, thereby improving overall test efficiency. The adoption of robotic technologies is further propelled by the necessity to protect manual workers from hazardous chemicals and to comply with stringent regulatory protocols. Robots offer advantages such as tireless operation, accuracy, and precision, which are crucial in laboratory settings. However, the high costs of robotic equipment and the low priority of automation in smaller labs pose challenges to market expansion.
Regionally, North America stands out as the largest laboratory robotics market, fueled by technological advancements and substantial investments from market leaders. The region benefits from increased enterprise collaborations and partnerships aimed at achieving technological breakthroughs in robotics. Additionally, the rise in R&D activities by biotechnology and pharmaceutical firms, along with the growing adoption of lab automation in hospitals and clinical diagnostic labs, contributes to market growth. The competitive landscape of the laboratory robotics market is moderately consolidated, with key players like PerkinElmer Inc., Thermo Fisher Scientific, Siemens AG, and Tecan Group engaging in product innovation and strategic mergers and acquisitions to strengthen their market positions.
Laboratory Robotics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Growing Focus on Safety of Both Humans and Property
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1.4 Market Restraints
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1.4.1 Higher Setup Costs
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Drug Discovery
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2.1.2 Clinical Diagnosis
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2.1.3 Microbiology Solutions
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2.1.4 Genomics Solutions
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2.1.5 Proteomics Solutions
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2.2 By End-user
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2.2.1 Clinical Laboratory
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2.2.2 Research Laboratory
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle East & Africa
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Laboratory Robotics Market Size FAQs
What is the current Laboratory Robotics Market size?
The Laboratory Robotics Market is projected to register a CAGR of 6.72% during the forecast period (2024-2029)
Who are the key players in Laboratory Robotics Market?
PerkinElmer Inc., Thermo Fisher Scientific, Siemens AG, Tecan Group and Beckman Coulter Inc. are the major companies operating in the Laboratory Robotics Market.
