Automated Sample Storage Systems Market Research Report 2020 - Brooks Automation, Thermo Fisher Scientific, Hamilton Company, TTP LabTech

The Global Automated Sample Storage Systems Market research report aims to provide an unbiased and a comprehensive outlook of the Global market to the readers. Analysts have studied the key trends defining the trajectory of the market. The research report also includes an assessment of the achievements made by the players in the Automated Sample Storage Systems Market so far.

The Automated Sample Storage Systems Market studied was anticipated to grow with a CAGR of more than 12.0% during the forecast period.

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Companies covered:

Brooks Automation, Thermo Fisher Scientific, Hamilton Company, TTP LabTech, ASKION GmbH. and other for more company coverage please register for sample inquiry.

Market Overview

The major factors attributing to the growth of the market are a rise in the global prevalence of various cancers, immunological disorders, and increasing geriatric population. These factors led to an increased number of research and development activities in life science and pharmaceutical industries resulting in a high demand for automated sample storage systems from research laboratories that are likely to fuel the growth of this market. For instance, the American Cancer Society estimated that In 2019, there would be 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the United States. Furthermore, there are few more factors that play pivotal roles in taking the market to the next level, such as the growth of translational research and personalized medicine, Rising Government Support to Biobanks. Also, an increase in the R&D investment in pharmaceutical with a strong pipeline of products and services fuel the growth of the global market. However, high installation and maintenance costs and the requirement for consecutive electricity would restrain the growth of the market in emerging economies for the forecasted period.

Scope of the Report

Automated sample storage systems are the computer-controlled storage devices for the preservation of samples widely used in chemical, seed storage and management, medical material management, and life science domains.

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The Automated Compound Storage Systems in Product Segment is Expected to Hold the Largest Market Share in the Automated Sample Storage Systems Market

- The automated compound storage systems segment accounted for the largest market share in recent years and expected to do so over the forecast period. This dominance is because of its ability to eliminate or reduce errors and decreased time duration.
- Various companies like Thermo Fisher Scientific, Brooks Automation mainly generate revenue through the automated compound storage systems. Many companies are manufacturing and distributing the devices and providing services for automated sample storage systems resulting in higher availability to the increasing demand.
- Based on sample type, chemical compounds segment dominated the market with the largest share due to the increasing drug discovery activities, resulting in an increased demand for chemical compounds and positively affecting the sample management market growth.
- By type of application, the biobanking segment is expected to exhibit the fastest growth over the forecast period. There has been an increase in the number of organizations involved in the collection and storage of human biomaterials in line with the increasing use of human biomaterials in research as a replacement to animal models. It is anticipated to support market growth.

Influence of the Automated Sample Storage Systems market report:

Comprehensive assessment of all opportunities and risk in the Automated Sample Storage Systems market.
Automated Sample Storage Systems market recent innovations and major events.
Detailed study of business strategies for growth of the Automated Sample Storage Systems market-leading players.
Conclusive study about the growth plot of Automated Sample Storage Systems market for forthcoming years.
In-depth understanding of Automated Sample Storage Systems market-particular drivers, constraints and major micro markets.
Favorable impression inside vital technological and market latest trends striking the Automated Sample Storage Systems market.

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