Global Automated Sample Storage Systems Market to reach USD 3298.7 Million by 2033 growing at 11.6% CAGR: FMI Study

The global automated sample storage systems market is set for significant expansion, with a valuation of USD 1,100 million in 2023, according to a recent report by Future Market Insights. The market is anticipated to grow at a compound annual growth rate (CAGR) of 11.6% from 2023 to 2033, reaching an estimated USD 3,298.7 million by the end of the forecast period.

✅ Market Growth Drivers

The rising demand for efficient laboratory storage solutions is a key factor driving market expansion. Automated sample storage systems offer multiple advantages, including high efficiency, enhanced sample security, and improved sample integrity, all while reducing technician costs. These factors make them an indispensable tool in modern laboratories handling large sample volumes.

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Additionally, technological advancements in robotics and automation have further propelled the adoption of these systems. The growing emphasis on research and development (R&D) activities in the pharmaceutical sector has significantly contributed to increased investments in cutting-edge sample storage solutions. As pharmaceutical and biotechnology companies continue to expand their R&D efforts, the need for automated storage systems to ensure precision, reliability, and scalability is expected to rise.

✅ Advancements in Automation Technology

The market's rapid evolution is closely linked to breakthroughs in robotics, artificial intelligence (AI), and automation technologies. The integration of smart storage solutions, AI-powered inventory management, and cloud-based connectivity has enhanced the efficiency of automated sample storage systems. These advancements not only minimize human error but also streamline laboratory workflows, ensuring optimal sample tracking and retrieval.

Moreover, improvements in temperature-controlled storage solutions have enabled laboratories to maintain sample integrity under ultra-low temperature (ULT) conditions, which is particularly crucial for biopharmaceutical and genomic research applications.

✅ Growing Investments in Pharmaceutical R&D

The pharmaceutical and biotechnology industries are witnessing an unprecedented surge in R&D investments, primarily driven by the demand for novel drug development, personalized medicine, and genomic research. As a result, biorepositories, academic research institutions, and clinical laboratories are increasingly adopting automated storage systems to efficiently manage large-scale sample libraries.

Governments and private organizations worldwide are also supporting biomedical and life sciences research, further fueling demand for state-of-the-art storage solutions that comply with regulatory requirements and ensure long-term sample preservation.

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✅ Key Takeaways from the Market Study

• The global automated sample storage systems market expanded at a CAGR of 9.4% between 2018 and 2022.

• Global automated sample storage systems market is anticipated to be dominated by North America where the region secured 42.1% of the global market share in 2022.

• The United States of America is anticipated to hold a significant part of the market share consisting of 37.8%.

• Market in Europe is expected to be the second most flourishing, across the globe holding 34.2% of the global market share in the coming period in 2022.

• The United Kingdom is anticipated to make a significant position and its contribution to developing the market in the forthcoming period is said to expand at a CAGR of 10.1%.

• Germany's automated sample storage systems market accounted for a growth share at a CAGR of 10.6% in 2022.

• Japan has robust demand for the automated sample storage systems market thus capturing a market share of 2.4%.

• Automated sample storage systems market in India is expanding at a CAGR of 16.6%.

• Growth in the economy for the automated sample storage systems market has led to enormous growth in China market holding a leading position at a CAGR of 17.6%.

• Biopharmaceutical industries are said to dominate the market region.

• Biopharmaceutical companies accounted for the most dominant market share having a value of market share of 47.90%.

• System units segment dominates the global automated sample storage systems market, holding a market share of 67.30%.

Growth in research and development acts as a key driver in the automated sample storage systems market, comments a Future Market Insights Analyst.

✅ Future Outlook

With continuous technological innovations, rising laboratory automation, and expanding R&D initiatives, the automated sample storage systems market is expected to sustain robust growth over the next decade. As laboratories seek cost-effective, scalable, and reliable storage solutions, industry players will continue investing in advanced automation technologies to meet evolving market demands.

As the market progresses toward wider adoption and technological integration, automated sample storage systems will play a pivotal role in shaping the future of laboratory management, making them an essential component in modern research and healthcare infrastructure.

✅ Competitive Analysis

✔️ Key players in the global market include:

• Hamilton Company
• Exact Sciences
• Thermo Fisher Scientific
• Brooks Automation
• TTP Labtech
• Swisslog
• Angelantoni Life Science
• Panasonic Healthcare
• Haier Biomedical
• Liconic AG

✅ Notable Developments in the Market

• May 2023 - Hamilton and Biosero, Inc., a leading provider of laboratory automation solutions, announced a strategic co-marketing agreement to enhance automated liquid handling workflows. This collaboration integrates Hamilton's cutting-edge automated platforms with Biosero's Green Button Go® Software Suite, improving lab efficiency.

• February 2023 - Hamilton introduced the Vial Cap Management System (VCMS), an advanced walk-away lab automation solution. The VCMS performs multiple tasks, including vortexing, de-capping, barcode scanning, tube type identification, and re-capping for 96 vials, significantly reducing the risk of cross-contamination and injury.

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✅ Automated Sample Storage Systems Market Segmentation

✔️ By Type:
• System Unit
• Reagents and Consumables

✔️ By End-User:
• Hospitals
• Diagnostic Labs
• Chemical Industries
• Biopharmaceutical Industries
• Research Laboratories

✔️ By Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• The Middle East and Africa

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This release was published on openPR.