What's Driving the Lab Automation In Drug Discovery Market 2025-2034: Rising Demand For Precision Medicine Propels The Growth Of Lab Automation In Drug Discovery Market

What Are the Projections for the Size and Growth Rate of the Lab Automation In Drug Discovery Market?
The lab automation in drug discovery market will grow from $6.47 billion in 2024 to $6.81 billion in 2025, at a CAGR of 5.3%. The growth is attributed to the increasing complexity of drug discovery, demand for efficiency and cost reduction, a growing need for high-throughput screening, rising labor costs, and pressure to accelerate drug development.

Lab automation in drug discovery is expected to reach $8.4 billion by 2029 at a CAGR of 5.4%, due to growing drug pipelines, personalized medicine, and the increasing adoption of cloud platforms for data management. Trends in the market include modular solutions, virtual drug discovery, and cloud collaboration.

What Are the Main Catalysts for Growth in the Lab Automation In Drug Discovery Market?
The growing demand for precision medicine is expected to propel lab automation in the drug discovery market. Precision medicine, or personalized medicine, involves tailoring medical treatments to an individual's genetic makeup, environment, and lifestyle. Lab automation accelerates research and improves the reproducibility and efficiency of drug discovery, ultimately helping create more effective treatments for patients. For instance, the Personalized Medicine Coalition stated in October 2022 that more than 75,000 genetic testing products and 300 personalized medicines are available for conditions like cancer, rare diseases, and chronic illnesses. Therefore, the increasing demand for precision medicine is propelling the growth of lab automation in drug discovery.

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Which Businesses Are at the Forefront of Lab Automation In Drug Discovery Market Development?
Major companies operating in the lab automation in drug discovery market are Thermo Fisher Scientific Inc., Abbott Diagnostics, Roche Holdings Inc., Beckman Coulter, Siemens Healthineers, Becton Dickinson and Company, Agilent Technologies Inc., PerkinElmer Inc., Endress+Hauser, Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., QIAGEN, Beckhoff Automation GmbH & Co. KG, Eppendorf AG, Tecan Group Ltd., Brooks Automation Inc., Hamilton Company, AbCellera Biologics Inc., Hudson Robotics Inc., OpenTrons Labworks Inc., Quanterix Corporation, The Technology Partnership, HighRes Biosolutions Inc., Biosero Inc., Peak Analysis and Automation Ltd., Aurora Biomed Inc., Arctoris, Inveox GmbH, Synthace, Synchron Lab Automation

What Are the Major Trends Shaping the Lab Automation In Drug Discovery Market?
Companies in the lab automation for drug discovery market are investing in rapid idea-to-data solutions to strengthen their competitive standing. These solutions streamline the transformation of ideas into actionable insights or data-driven results. In April 2022, Strateos Inc., a US-based biotechnology firm, introduced a rapid idea-to-data solution for small-molecule drug discovery through its cloud-based Lab Automation-as-a-Service Platform. Equipped with 23 workcells and hundreds of instruments, this platform automates lead generation and optimization. Users can design compounds in the cloud and have them automatically synthesized and tested via cell-based, biochemical, and structure-activity relationship (SAR) analyses, accelerating the drug discovery process.

How Is the Lab Automation In Drug Discovery Market Segmented?
The lab automation in drug discovery 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 Component: Instruments, Software, Services
3) By Application: High-Throughput Screening, Compound Management, Sample Preparation, Other Applications
4) By End-User: Biotechnology And Pharmaceutical Industries, Research Institutes, Other End-Users

Subsegments:
1) By Automated Liquid Handlers: Automated Liquid Handlers, Multi-Channel Pipettes, Reagent Dispensing Systems, Automated Titrators, Liquid Handling Workstations
2) By Automated Plate Handlers: Automated Plate Handlers, Microplate Stacker Systems, Plate Transportation Systems, Plate Sorting Systems
3) By Robotic Arms: Robotic Arms, Cartesian Robots, SCARA Robots, Articulated Robots, Delta Robots
4) By Automated Storage And Retrieval Systems (ASRS): Automated Storage and Retrieval Systems (ASRS), Vertical Lift Modules (VLM), Automated Guided Vehicles (AGVs), Carousel-Based Systems, High-Density Storage Systems
5) By Other Types: Automated Sample Preparation Systems, Laboratory Information Management Systems (LIMS), Microarray Processors, Automated Screening Systems

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Where Is the Lab Automation In Drug Discovery Market Growth Most Prominent?
North America was the largest region in the lab automation in drug discovery 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 drug discovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Lab Automation In Drug Discovery Global Market Report?

- Market Size Analysis: Analyze the Lab Automation In Drug Discovery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Lab Automation In Drug Discovery 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 Drug Discovery 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 Drug Discovery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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