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Laboratory Automation Systems Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
How Are the key drivers contributing to the expansion of the laboratory automation systems market?The rise in appeal for microbiology examinations and the normalization of sample-gathering appliances for microbiology culture has led to the popularization of automated lab systems for culture-dependent lab testing in the clinical microbiology field. Traditional manual methods for conducting culture-based microbiology lab tests are being overtaken by the advent of automated procedures via whole lab automation. Notable systems like Becton Dickinson's Kiestra TLA and Copan's WASPLab, among others, are paving the way for complete lab automation (TLA) in culture-dependent microbiology evaluations. The opportunity to enhance lab effectiveness, decrease turnaround periods, and improve the general standard of culture-dependent microbiology examinations is propelling the expansion of the automated lab systems sector.
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What growth opportunities are expected to drive the laboratory automation systems market's CAGR through 2034?
The market size for laboratory automation systems has experienced considerable expansion in the recent past. The market value is anticipated to rise from $5.59 billion in 2024 to $5.89 billion in 2025, at a compound annual growth rate (CAGR) of 5.4%. Factors contributing to growth during the historic period include an increase in medical errors, expansion of healthcare facilities, financial growth in emerging markets, surge in healthcare spending, and the fast-paced growth of the elderly population.
The market for laboratory automation systems is anticipated to experience significant expansion in the coming years, reaching a value of $8.03 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 8.1%. The expected growth during the forecast period is due to fast-paced technological advancements, an expanding elderly population, and an increasing rate of chronic diseases including COVID-19 and lifestyle diseases. The trend during this period will focus more on investment in research and development, collaboration with artificial intelligence firms, partnership with other market players, the creation of more efficient laboratory automation answers, the inclusion of RFID technology, the introduction of new product launches and endorsements, and support from government initiatives.
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How are the latest trends influencing the growth of the laboratory automation systems market?
The adoption of RFID technology in hospital laboratories is becoming progressively prevalent for laboratory automation systems, given its advantages of heightened productivity and quality, reduced technology costs, minimized errors, expedited sample delivery, and lessened human involvement. Radio Frequency Identification (RFID) is an automated identification system reliant on wireless exchanges involving a tag and a reader, using radiofrequency for communication. Though similar to bar code technology, RFID technology is superior due to its ability to autonomously perform extra functions without human intervention. An RFID system, equipped with a transponder, transceiver, and data processor, facilitates advanced identification and tracking needs in hospital labs. These laboratory automation systems utilize RFID tags attached to patient samples for identification, while using smart cards to store patient data at a workstation that oversees the laboratory process. For instance, healthcare enterprise, Mayo Clinic implemented RFID-enabled laboratory automation systems, achieving error reduction by 70%, enhancing efficiency and patient safety, and cutting down the specimen turnaround time by half.
Which growth-oriented segments of the laboratory automation systems market are leading the industry's development?
The laboratory automation systems market covered in this report is segmented -
1) By Type: Modular Automation, Total Lab Automation
2) By Equipment And Software: Automated Liquid Handling, Microplate Readers, Standalone Robots, Automated Storage, Retrieval
3) By Application: Drug Discovery, Clinical Diagnostics, Genomics Solutions, Proteomics Solutions, Others
4) By End User: Biotechnology And Pharmaceutical Industries, Research Institutes, Hospitals And Private Labs, Academic Institutes
Subsegments:
1) By Modular Automation: Robotic Systems for Sample Handling, Automated Liquid Handling Systems, Modular Sample Storage Systems
2) By Total Lab Automation: Integrated Workflow Systems, Fully Automated Laboratory Analyzers, Comprehensive Data Management Solutions
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What regions are leading the charge in the laboratory automation systems market?
North America was the largest region in the laboratory automation systems market in 2024. Western Europe was the second largest region in the global laboratory automation systems market analysis. The regions covered in the laboratory automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the laboratory automation systems market?
Major companies operating in the laboratory automation systems market include Abbott Laboratories, Danaher Corporation, Thermo Fisher Scientific, Agilent Technologies, Inc., Tecan Group Ltd., PerkinElmer, Inc., F. Hoffmann-La Roche AG, QIAGEN N.V., Becton Dickinson and Company, Siemens AG, Brooks Automation, Inc., Hamilton Company, Eppendorf Ag, Biotek Instruments, Inc., Bee Robotics Ltd, Gilson Inc., Labware, Artificial, Intersystems, Biomerieux, Cerner Corporation, LTS Health, Omnia Health, Sysmex, Formulatrix, Beckman Coulter, Festo ZA
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What Is Covered In The Laboratory Automation Systems Global Market Report?
• Market Size Forecast: Examine the laboratory automation systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the laboratory automation systems market for a structured understanding.
• Key Players Overview: Analyze major players in the laboratory automation systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the laboratory automation systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the laboratory automation systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the laboratory automation systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the laboratory automation systems market.
• Competitive Landscape: Review strategic developments in the laboratory automation systems market, including expansions, agreements, and new product launches.
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