Lab Automation In Genomics Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What industry-specific factors are fueling the growth of the lab automation in genomics market?
The surge in precision medicine adoption is anticipated to stimulate genomics market enhancement via lab automation. Precision medicine epitomizes a healthcare approach that draws on individual differences in genetics, environment, and lifestyle to provide personalized medical therapy. The increasing demand for precision medicine is spurred by multiple factors like genomics advancements, targeted treatments, patient-focused attention, and drug inventions. A staggering amount of genetic tests are required in precision medicine to identify genes associated with diseases. This requirement fuels labs' need to quickly and accurately process an ample number of samples, leading to a reliance on automated systems. For example, as reported by the Personalized Medicine Coalition, a not-for-profit organization in the US, in February 2024, the FDA's recognition of 16 unique personalized treatments for rare diseases in 2023 is a significant increase from the six authorized in 2022. Hence, the escalating adoption of precision medicine serves as a catalyst for the amplified growth of lab automation within the genomics market.

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What Is the projected market size and growth rate for the lab automation in genomics market?
In recent years, there has been a swift expansion in the scale of the lab automation in genomics market. The market, which is projected to rise from $2.33 billion in 2024 to $2.7 billion in 2025, boasts a compound annual growth rate (CAGR) of 16.0%. The growth in the previous period can be accredited to a surge in demand for precision medicine, a rise in the intricacy of genomic data, a heightened focus on genomic research, increased utilization in clinical diagnostics, and the need for scalability and flexibility.

In the coming years, the market size of lab automation in genomics is projected to have a steady surge, reaching $4.82 billion in 2029 with a 15.6% compound annual growth rate (CAGR). The anticipated growth within the forecast period is due to several factors including the enlargement of point-of-care testing, transition towards cloud-based solutions, emphasis on real-time and ongoing monitoring, growth of precision agriculture, and the introduction of multi-omics integration. The forecasted period is also expected to see major trends such as the utilization of automated devices, the incorporation of lab automation systems, automated technologies, and the employment of cloud-based platforms.

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What new trends are reshaping the lab automation in genomics market and its opportunities?
The genomics market is being transformed by significant enterprises such as Clear Labs, Inc. who strive to develop innovative solutions, including automated whole genome sequencing (WGS). This advanced technique is a means of sequencing an entire genome using automated high-throughput technologies. For example, Clear Labs, Inc., a US-based genetics testing organization, unveiled Clear Dx in May 2023. This state-of-the-art solution offers completely automated sample processing, ensuring accurately consistent library preparation and management for genomics studies. The incorporation of Clear Dx automation diminishes human discrepancies and offers reliability within the sequencing process, ensuring uniform and repeatable results. It optimizes the genome sequencing procedure, reducing manual intervention to a mere 30 minutes and needing only a single touchpoint, thereby facilitating accessible WGS even for untrained individuals.

What major market segments define the scope and growth 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, pettin*g 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

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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.

Which key market leaders are driving the lab automation in genomics industry growth?
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, dic*kinson 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

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

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

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