Global Lab Automation In Genomics Market to Reach $4.82 Billion by 2029, Growing at 15.6% CAGR

"What Is the Expected Size and Growth Rate of the Lab Automation In Genomics Market?
The lab automation in genomics market will grow from $2.33 billion in 2024 to $2.7 billion in 2025, at a CAGR of 16.0%. The growth is driven by increased demand for precision medicine, the rise in genomic data complexity, an emphasis on genomic research, and the growing adoption of lab automation in clinical diagnostics.

The lab automation in genomics market will see rapid growth, reaching $4.82 billion by 2029 at a CAGR of 15.6%, driven by real-time monitoring, precision agriculture, and multi-omics integration. The market will see increasing adoption of automated instruments and cloud-based platforms.

What Factors Are Fueling Growth in the Lab Automation In Genomics Market?
The growing adoption of precision medicine is expected to drive the growth of lab automation in the genomics market. Precision medicine is a healthcare approach that customizes treatment based on a person's genetic, environmental, and lifestyle factors. The growing demand for precision medicine is linked to advancements in genomics, targeted therapies, and patient-centered care. As precision medicine relies on genetic testing to identify disease-related genes, the need for fast and accurate sample processing drives the adoption of automated lab systems. For instance, in February 2024, the Personalized Medicine Coalition reported that the FDA approved 16 new personalized therapies for rare diseases in 2023, compared to just six in 2022. Thus, the increasing adoption of precision medicine is fueling the growth of lab automation in the genomics market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15206&type=smp

Which Leading Companies Are Shaping the Growth of the Lab Automation In Genomics Market?
Major companies operating in the lab automation in genomics market report are Pfizer Inc.; Robert Bosch GmbH; Johnson & Johnson; F. Hoffmann-La Roche Ltd.; Thermo Fisher Scientific Inc.; Novartis International AG; GlaxoSmithKline plc; Danaher Corporation; Becton, Dickinson and Company; Agilent Technologies Inc.; PerkinElmer Inc.; Bio-Rad Laboratories Inc.; Qiagen N.V.; Tecan Group Ltd.; Illumina Inc.; Hamilton Company; Promega Corporation; Oxford Nanopore Technologies Ltd.; Fluidigm Corporation; Gilson Incorporated

Which Key Developments Are Influencing the Lab Automation In Genomics Market?
Companies in the lab automation for genomics market are pioneering automated whole genome sequencing (WGS) solutions to advance research, diagnostics, and personalized medicine. These automated systems streamline high-throughput genome sequencing while minimizing human intervention. In May 2023, Clear Labs, Inc., a US-based genomics testing company, launched Clear Dx, a fully automated sequencing solution. By reducing hands-on time to just 30 minutes and incorporating a single-touch workflow, Clear Dx ensures accurate and consistent genome sequencing. This innovation enhances reproducibility and accelerates genomic research, making whole genome sequencing more accessible to professionals with minimal training.

What Are the Key Segments of the Lab Automation In Genomics Market?
The lab automation in genomics market covered in this report is segmented -

1) By Type: Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage And Retrieval Systems, Other Types
2) By Process: Continuous Automation System, Modular Automation System
3) By Application: Hospitals And Private Labs, Biotech And Pharma, Academics And Research Institutes, Other Applications

Subsegments:
1) By Automated Liquid Handlers: Liquid Transfer Systems, Pipett
ing Robots
2) By Automated Plate Handlers: Plate Stacker Systems, Microplate Transport Systems
3) By Robotic Arms: Single-Axis Robotic Arms, Multi-Axis Robotic Arms
4) By Automated Storage And Retrieval Systems: Sample Storage Systems, Automated Retrieval Systems
5) By Other Types: Nucleic Acid Extraction Systems, Other Custom Automation Solutions

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/lab-automation-in-genomics-global-market-report

Which Region Dominates the Lab Automation In Genomics Market?
North America was the largest region in the lab automation in genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lab automation in genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Lab Automation In Genomics Global Market Report?

- Market Size Analysis: Analyze the Lab Automation In Genomics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Lab Automation In Genomics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Lab Automation In Genomics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Lab Automation In Genomics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.