Global Lab Automation Market Projected to Surpass $11.9 Billion by 2029 with 10.1% Annual Growth

How Are the key drivers contributing to the expansion of the lab automation market?
The uptick in demand for customized healthcare or personalized medicine is projected to fuel the expansion of the lab automation market. Personalized medicine represents a healthcare strategy that customizes decisions, protocols, operations, and treatments to individuals. Several factors contribute to the growing preference for personalized medicine such as developments in genomics and molecular diagnostics, increased knowledge and education, intensified prevalence of chronic diseases, and cost-effectiveness. Lab automation enhances the effectiveness, precision, and scalability of laboratory processes, permitting medical professionals and scientists to devise customized medicine practices to enhance patient results and maximize treatment effectiveness. For example, in October 2022, the Personalized Medicine Coalition (PMC), a US-based body that encourages understanding and implementation of personalized medicine, estimated that over 75,000 genetic testing products and 300 personalized medicines will be available in the market for individuals with diverse cancer types, rare genetic diseases, and various chronic and infectious diseases. Consequently, the accelerating demand for personalized medicine is steering the expansion of the lab automation market.

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What growth opportunities are expected to drive the lab automation market's CAGR through 2034?
In recent times, the lab automation market has experienced significant expansion. From a size of $7.33 billion in 2024, the market is projected to swell to $8.09 billion in 2025, representing a compound annual growth rate (CAGR) of 10.5%. Factors that have contributed to the growth during the historical period include the downsizing of assays and equipment, developments in robotic and automation technologies, a surge in demand for high-throughput screenings in the discovery of drugs, an amplified focus on precision and reproducibility in studies, and the urgency for more rapid and precise diagnostic tests.

Projected to experience swift expansion in the coming years, the lab automation market is predicted to reach a value of $11.9 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.1%. The estimated expansion in this forecast duration is attributed to factors such as regulatory compliance necessities, the need for remote access and supervision, labor shortages coupled with skills gaps, and a surge in demand for high-throughput screening, compounded by pressures to reduce costs. Key trends anticipated during this period include the incorporation of artificial intelligence (AI) and machine learning methodologies, the extension of robotic automation, the acceptance of modular and adjustable automation solutions, a heightened utilization of high-throughput screening technologies and the inclusion of cutting-edge imaging and microscopy techniques.

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What are the emerging trends shaping the future of the lab automation market?
Leading firms in the lab automation market are pioneering innovative solutions like lab automation systems for microbiology labs, with the aim of optimizing laboratory space and enhancing workflow. These systems are cutting-edge tech solutions tailored to improve the processing, analyzing, and managing of microbiological samples and data. For example, in January 2023, Becton, Dickinson, and Company, an American medical technology firm, unveiled the third-generation BD Kiestra Total Lab Automation System specifically for microbiology labs. This modular system can match and support the needs of diverse laboratories, thereby boosting lab operations, enhancing budgetary efficiencies, and improving lab results. It is a highly sophisticated, fully automated robotic system that refines procedures like sample processing, digital imaging, incubation, and result analysis in microbiology laboratories. Additionally, numerous features like automated microbiology processes, modular and scalable design, the BD Synapys microbiology informatics solution, and high throughput processing, are set to revolutionize clinical bacteriological testing, enhance lab results, and cater to the evolving demands of contemporary microbiology labs.

Which growth-oriented segments of the lab automation market are leading the industry's development?
The lab automation market covered in this report is segmented -

1) By Stage Of Automation: Pre-Analytical Stage, Analytical Stage, Post-Analytical Stage, Total Lab Automation
2) By Process: Discrete Processing, Continuous Flow
3) By Application: Diagnostics, Genomic Solutions, Microbiology, Drug Discovery, Proteomic Solutions, Other Applications
4) By End-User: Pharmaceutical and Biotechnology Companies, Research and Diagnostic Laboratories, Other End-Users

Subsegments:
1) By Pre-Analytical Stage: Sample Collection, Sample Preparation, Sample Storage
2) By Analytical Stage: Sample Analysis, Data Collection, Testing & Measurement
3) By Post-Analytical Stage: Data Interpretation, Reporting Results, Quality Control
4) By Total Lab Automation: End-To-End Automation Of Lab Processes, Integration Of Pre, Analytical, And Post-Analytical Stages

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What regions are leading the charge in the lab automation market?
North America was the largest region in the lab automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lab automation 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 lab automation market?
Major companies operating in the lab automation market report are Thermo Fisher Scientific; Becton Dickinson And Company (BD); Agilent Technologies Inc.; PerkinElmer LLC; Beckman Coulter Inc.; Biomek Inc.; Bio-Rad Laboratories; QIAGEN N.V.; Tecan Group; Brooks Life Sciences; Hamilton Company; Promega Corporation; Opentrons Labworks Inc; Analytik Jena AG; Gilson Inc.; Eppendorf Corporate; Hudson Robotics; Cartesian Therapeutics; Labcyte Inc. (now part of Beckman Coulter Life Sciences); Zymo Research Corp.; Perceptive Instruments Ltd.; Synthace Ltd.; Festo Corp.; Roche Diagnostics; Peak Analysis & Automation (PAA)

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What Is Covered In The Lab Automation Global Market Report?

•Market Size Forecast: Examine the lab automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the lab automation market for a structured understanding.
•Key Players Overview: Analyze major players in the lab automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the lab automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the lab automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the lab automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the lab automation market.
•Competitive Landscape: Review strategic developments in the lab automation market, including expansions, agreements, and new product launches.

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