Evolving Market Trends In The Lab Automation In Drug Discovery Industry: The Role Of Lab Automation Technologies In Precision Medicine

The Lab Automation In Drug Discovery Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Lab Automation In Drug Discovery Market Size During the Forecast Period?
In the past few years, the lab automation in drug discovery market has seen robust growth. Its size which is projected to grow from $6.47 billion in 2024 to $6.81 billion in 2025, represents a compound annual growth rate (CAGR) of 5.3%. This growth during the historical period is due to factors such as the rising complexity of drug discovery, the need for more efficiency and cost cuts, an increasing demand for high-throughput screening, heightened labor costs, and the urgency to fast-track drug development schedules.

Over the next few years, the lab automation in drug discovery market is projected to experience robust growth, eventually reaching a value of $8.4 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 5.4%. Factors driving this growth during the forecast period include the growth of pharmaceutical companies' drug portfolios, advancements in personalized medicine, attention paid to rare diseases and specific drugs, needs for remote clinical trials, and the advent of microfluidics and lab-on-a-chip technologies. Predicted trends for the coming period comprise an increase in modular and customizable automation solutions, the use of cloud platforms for data management, expanding automation in emerging markets, the rise of virtual companies utilizing automation for drug discovery, and the creation of standardized protocols with interoperable systems.

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What Are the High-Growth Segments in the Lab Automation In Drug Discovery Market?
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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What Key Drivers Are Expected to Influence Future Lab Automation In Drug Discovery Market Growth?
The growth of lab automation in the drug discovery sector is set to be driven by an escalating demand for precision, or personalized, medicine. This method of treatment and prevention takes into account the variances in genetics, environment, and lifestyle that make each person unique. Lab automation speeds up research and enhances the repeatable nature of experiments, improving the efficiency of drug discovery procedures and precision medicine. This leads to the development of better diagnostics and medications tailored to individual patients. To underline this, in October 2022, the US-based Personalized Medicine Coalition (PMC), which encourages the comprehension and adoption of personalized medicine, estimated that over 75,000 genetic testing products and 300 personally-tailored medicines would be available for patients with a range of diseases - from multiple types of cancer to rare genetic conditions, chronic diseases, and infectious diseases. This underscores the pivotal role played by the increasing demand for precision medicine in driving lab automation within the drug discovery market.

Which Companies Hold the Largest Share Across Different Lab Automation In Drug Discovery Market Segments?
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

What Are the Latest Developing Trends in the Lab Automation In Drug Discovery Market?
High-ranking enterprises in the field of lab automation for drug discovery are directing their attention towards inventing cutting-edge solutions like rapid idea-to-data systems to maintain a competitive position in the market. The derivative idea-to-data system pertains to a simplified procedure or stage that enables individuals or institutions to promptly translate their ideas or theories into workable insights or data-oriented results. For example, Strateos Inc., an American biotechnology firm, inaugurated a rapid idea-to-data system for small molecule discovery on its cloud lab automation-as-a-service program in April 2022. This lab automation instrument is uniquely tailored for small molecule discovery in medicinal creation. The accessible, flexible Strateos Cloud Lab Automation-as-a-Service Platform comes with 23 integrated robotic work cells and hundreds of tools. It aids in the generation of initial leads via lead optimization, managed by a software framework that enables users to create compounds of interest in the cloud and automatically compile and examine them using various methods such as cell-based, biochemical, and structured-activity relationship (SAR) evaluations.

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What Are the Emerging Geographies for The Lab Automation In Drug Discovery Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Lab Automation In Drug Discovery Market?
2. What is the CAGR expected in the Lab Automation In Drug Discovery Market?
3. What Are the Key Innovations Transforming the Lab Automation In Drug Discovery Industry?
4. Which Region Is Leading the Lab Automation In Drug Discovery Market?

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