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Laboratory Robotics Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Laboratory Robotics Market: By Type (Low-Cost Laboratory Robotics, Biological Laboratory Robotics, Pharmaceutical Laboratory Robotics, and others); Application (Drug Discovery, Clinical Diagnosis, Microbiology Solutions, and others); End User (Clinical Laboratories, Research Laboratories, Biotechnology and Pharmaceutical companies, and others); and Region—Industry Dynamics, Market Size, Opportunity and Forecast for 2023–2031

  • Published On: 11-Jan-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0122120
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Laboratory Robotics Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 289.3 Mn
Expected Revenue in 2031US$ 527.5 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
CAGR6.9% 
Segments coveredBy Type, By Application, By End-user, By Region
Key Companies                                                                             AB Controls, Aerotech, Anton Paar, Aurora Biomed, Biosera, Chemspeed Technologies, Cleveland Automation Engineering, Hamilton Robotics, HighRes Biosolutions, Hudson Robotics, Labman, PerkinElmer Inc., Protedyne (LabCorp), Siemens AG, ST Robotics, Tecan Group, Thermo Fisher Scientific, Universal Robots, Yaskawa Electric, Other Prominent Players
 
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FREQUENTLY ASKED QUESTIONS

Global Laboratory Robotics market is projected to expand at a CAGR of 6.9% during the forecast period 2023-2031.

Increased productivity, consistent results, safe working conditions, and significant time, space, and cost savings are some advantages of lab automation.

Laboratory robotics are very expensive to set up, many small and medium-sized laboratories find it challenging to invest in automation due to financial constraints. A key stumbling block is the high maintenance and service expenses associated with laboratory informatics solutions.

Funding levels for pharmaceutical industry have been increasing, especially in Research and Development sector. The laboratory robots further help researcher and scientist to create new drug into market. 

AI provides a foundation for the creation of intelligent bots. The integration of AI laboratory robotics will be able to analyze, compute more, require and constantly add more advanced features to their equipment and offer accurate results.

The healthcare sector, including pharmaceutical and biotechnological companies are demanding laboratory robotics to accelerate the diagnosis and research activities for drug discovery and vaccination during this COVID-19 pandemic. 

The Global Laboratory Robotics Market is segmented based on type, application, end user, and region. The period of the study for the Global Laboratory Robotics Market is 2018-2031. 

The biological laboratory robotics segment is estimated to have the highest market share of 34.5% in 2022.

The biotechnology and pharmaceutical companies segment contributed the major share of 30% in the global Laboratory Robotics market in 2022.

Asia Pacific region in Global laboratory robotics market is growing at a fastest CAGR of 8.0% during the forecast period.

North America holds major share of 38.7% in term of revenue in the global laboratory robotics market in 2022. 

The key players in the market of laboratory robotics are Aurora Biomed Inc., Tecan Group, Thermo Fisher Scientific, Siemens AG, YASKAWA Electric Corporation, PerkinElmer Inc., Chemspeed Technologies AG, and Hamilton Company among others. 

Primary and secondary research was undertaken and further the Value Chain Analysis, PESTLE Analysis and Porter’s Five Forces Analysis were conducted to identify strengths, weaknesses, and potential threats.