Lab Automation In Genomics Market Size Projected To Reach $4.82 Billion By 2034 With A Cagr Of 15.6%

The Lab Automation In Genomics 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 Projected Growth of the Lab Automation In Genomics Market?
The genomics lab automation market has experienced swift expansion in the last few years. It is anticipated that it will expand from $2.33 billion in 2024 to $2.7 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 16.0%. The growth during the historical phase is linked to the heightened demand for precision medicine, the rising complexity of genomic data, a greater emphasis on genomic research, increased usage in clinical diagnostics, and the need for scalability and flexibility.

In the ensuing years, a swift expansion is projected in the lab automation in genomics market, with its size predicted to surge to $4.82 billion in 2029 at a compound annual growth rate (CAGR) of 15.6%. This growth during the forecast period can be traced back to an increase in point-of-care testing, a transition towards cloud-based solutions, a concentration on real-time and incessant monitoring, enhancement of precision agriculture, and the surge in multi-omics integration. The forecast period is expected to see major trends such as the utilization of automated instruments, the embracement of lab automation systems, automated technologies, and cloud-based platforms.

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What Are the Different Lab Automation In Genomics Market Segments?
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, Pipet*ting 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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What Are the Primary Drivers Shaping the Lab Automation In Genomics Market?
The surge in the application of precision medicine is projected to drive the expansion of lab automation within the genomics market. Precision medicine caters to health care on a personal level, considering unique genetic differences, environmental factors, and lifestyle patterns to provide tailored medical treatments. The escalating demand for precision medicine can be attributed to factors like genomics advancements, targeted therapies, patient-focused care, and drug discovery. Precision medicine necessitates numerous genetic tests to identify disease-associated genes, compelling labs to process a multitude of samples swiftly and precisely, resulting in the implementation of automated systems. As per the Personalized Medicine Coalition, a non-profit organization based in the US, the FDA approved 16 new individualized therapies for patients with rare illnesses in 2023, a marked increase from six in 2022. Consequently, the increasing utilization of precision medicine contributes to the advancement of lab automation in the genomics market.

Which Companies Are Leading in the Lab Automation In Genomics Market?
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, Dickinson 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

What Trends Are Expected to Dominate the Lab Automation In Genomics Market in the Next 5 Years?
Leading businesses in the genomics lab automation market are concentrating on creating innovative solutions such as automated whole genome sequencing (WGS), which are crucial for progressing genomics research, clinical diagnostics, and personalized medicine. Automated WGS involves the sequencing of an individual's genome using high-efficiency, automation-based sequencing technologies. For example, Clear Labs, Inc., a genomics testing firm based in the United States, introduced Clear Dx in May 2023. This new technology ensures fully automated sample processing, offering accurate and dependable library preparation and management for genomics. Clear Dx automation minimizes human inconsistency and assures uniform results throughout sequencing, yielding reliable and repeatable end results. It simplifies genome sequencing, acting as a time saver by reducing the hands-on time to a mere 30 minutes with a single touch point, making simple whole genome sequencing possible even without prior training.

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What Are the Top Revenue-Generating Geographies in 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.

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

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