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Lab Automation In Drug Discovery Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Lab Automation In Drug Discovery Market
The surge in the demand for precision medicine is anticipated to fuel lab automation's expansion in the drug discovery market. Precision medicine, also referred to as personalized medicine, provides a tailored approach to medical treatment and prevention that considers the genetic, environmental, and lifestyle variations of each individual. Lab automation enhances research, ensures consistent results, and increases the efficacy of drug discovery and personalized medicine operations, ultimately leading to the development of more tailored medications and diagnostics. For instance, the Personalized Medicine Coalition (PMC), a U.S.-based organization advocating for understanding and uptake of personalized medicine, reported in October 2022 that over 75,000 genetic testing products and 300 personalized medicines will be available for people with a variety of cancers, rare genetic diseases, and various chronic and infectious diseases. Consequently, the growing demand for precision medicine is fueling the expansion of lab automation in the drug discovery market.
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What is the projected compound annual growth rate (CAGR) of the lab automation in drug discovery market from 2025 to 2034, and what factors influence it?
The market for lab automation in drug discovery has seen substantial growth over the recent years. Projected to increase from $6.47 billion in 2024 to $6.81 billion in 2025, the market anticipates a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this significant rise in the historic period include the escalating complexity of drug discovery, the need for efficiency and a reduction in costs, a growing demand for high-throughput screening, increasing labor costs, and the ongoing urgency to expedite drug development timelines.
The market size for lab automation in drug discovery is predicted to experience a notable surge in the forthcoming years, escalating to an approximate $8.4 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 5.4%. This projected expansion during the forecast period is attributed to factors such as the diversification of pharmaceutical companies' drug pipelines, the surge in personalized medicine and precision therapeutics, and the intensified focus on rare diseases and orphan drugs. Other contributing factors include the need for remote and decentralized clinical trials, and the rise of microfluidics and lab-on-a-chip advancements. The forthcoming trends anticipated during this period include the widespread adoption of modular and customizable automation solutions, the use of cloud-based platforms for the management and collaboration of data, the proliferation of automation in emerging markets, the emergence of virtual drug discovery companies utilizing both automation and digital technologies, and the establishment of standardized protocols and interoperative systems.
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How are the latest trends influencing the growth of the lab automation in drug discovery market?
Big players in the lab automation of the drug discovery market are intensifying their efforts to develop cutting-edge solutions like rapid idea-to-data offerings, to stay ahead of the competition. A rapid idea-to-data solution is a streamlined approach or platform enabling individuals or organizations to swiftly convert their ideas into actionable data or insights. For instance, in April 2022, Strateos Inc., a US-company specializing in biotechnology, rolled out a rapid idea-to-data solution specifically tailored for small molecule discovery on its cloud lab automation-as-a-service platform. This lab automation tool is purpose-built for small-molecule discovery in drug development. The Strateos Cloud Lab Automation-as-a-Service Platform, available on-demand, combines robotic automation with 23 workcells and hundreds of instruments. The platform supports initial lead generation up to lead optimization, managed by software architecture, allowing users to design compounds of interest in the cloud, and then automatically put together and tested using various methods like cell-based, biochemical and structured-activity relationship (SAR) assessments.
What are the major segments of the lab automation in drug discovery market and their role in driving growth?
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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Which regions are key players in the growth of the lab automation in drug discovery market?
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.
Who are the key firms paving the way for growth in the lab automation in drug discovery market?
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
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What Is Covered In The Lab Automation In Drug Discovery Global Market Report?
•Market Size Forecast: Examine the lab automation in drug discovery market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the lab automation in drug discovery market for a structured understanding.
•Key Players Overview: Analyze major players in the lab automation in drug discovery market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the lab automation in drug discovery market.
•Segment Contributions: Evaluate how different segments drive overall growth in the lab automation in drug discovery market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the lab automation in drug discovery market.
•Industry Challenges: Identify potential risks and obstacles affecting the lab automation in drug discovery market.
•Competitive Landscape: Review strategic developments in the lab automation in drug discovery market, including expansions, agreements, and new product launches.
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