LAB AUTOMATION MARKET ANALYSIS

Lab Automation is a multi-disciplinary approach to develop and optimize technologies in the laboratory, in order to improve the medical tests and processes. It has replaced the manual steps with automated processes, which were potentially dangerous and error-prone. Lab automation can be differentiated into pre-analytical, or post-analytical stages. Automationin laboratory improves the overall efficiency of processes by using lower quantity of reagents cutting waste, and other. In pre-analytical automation, all the steps such as sample/reagent storage up to addition and preparation are involved. Errors in pre-analytical stage are up to 70% due to the factors such as poor storage, incorrect volume, and others.

Global lab automation market is estimated to be valued at US$ 4,903.9 million in 2022 and is expected to exhibit a CAGR of 4.9% during the forecast period (2022-2030).

Analysts’ Views on Global Lab Automation Market:

The global lab automation market growth can be hindered due to expensive and inflexible systems. For instance, in October 2022, an article was published by ScienceDirect according to which the companies in the market offers specialized solutions in lab automations but they are very expensive and inflexible.  For example, some instruments are suitable only for automation of single instruments (e.g., so-called autosamplers). There are several low-cost lab automation solutions which are also commercially available, but this do not solve the problem of existing lab equipment such as thermal cyclers, incubators, and shakers that cannot be integrated into automation systems.

Figure 1. Global Lab Automation Market Share (%), by Product, 2022

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Global Lab Automation Market - Drivers

Increasing strategies such as investment by the key players      

For instance, in January 2021, Tecan Trading AG, one of the leading global providers of laboratory equipment specialized in the development, production and distribution of instruments, announced that it had participated as the lead investor in the series B financing round of Labforward GmbH, a provider of smart lab software tools for research labs. Tecan Trading AG has invested US$ 4.28 million and has acquired 10% stake in Labforward.

Increasing inorganic strategies such as collaboration by the key players

Moreover, increasing inorganic strategies such as collaborations by key players are expected to propel the market growth during the forecast period. For instance, in February 2022, Biosero, Inc., a member of the BICO group, a developing science-centric software and laboratory automation tool, announced that it had joined the Genedata, a bioinformatics company that provides enterprise software, Ready-to-Run program, which helps to accelerate drug discovery with frictionless integrations that streamline the laboratory automation processes in biopharmaceutical companies. This collaboration will accelerate and increase the efficiency of experimental workflows through the workflow automation.

Figure 2. Global Lab Automation Market Share (%), by Region, 2022

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Global Lab Automation Market - Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global lab automation market over the forecast period. In the year 2022, North America holds 41.1% of the market share due to increasing number of collaborations by the key market players. For instance, in April, 2020, Hamilton Company, a United States based company, specialized  in precision measurement devices, automated liquid handling workstations, sample management systems, and Integrated Micro-Chromatography Systems (IMCS), a biotechnology company, collaborated to introduce the affinity Pure STAR assay- ready workstation, an assay that fully automates the source-target sampling of the blood and other homogeneous and heterogeneous biological samples.

Moreover, In the year, 2022, Europe is expected to hold the second largest position in the global lab automation market due to the product launches by the key players in the market. For instance, in September 2020, Porvair Sciences, an U.K.- based  manufacturer of consumables, porous plastics (Vyon), instruments for life science and analytical laboratories, announced the launch of a range of low-profile deep well micro plates, analytical plates used for sample preparation, high-throughput screening, etc.

Global Lab Automation Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020. According to the World Health Organization’s report, the manifestation of coronavirus (COVID-19) has resulted in more than 651,918,402 confirmed cases which means huge number of people were infected by COVID-19 globally as of  December 2022.

COVID-19 has affected the economy in three main ways: by directly affecting the production and demand of drugs and vaccines, by creating disruptions in the distribution channels, and through its financial impact on the firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, faced problems with the transportation of drugs and vaccines from one place to another.

Moreover, there is a significant impact of the COVID-19 pandemic on healthcare systems, and HealthCare Professionals (HCPs) providing care during COVID-19. According to the article, published by Thermo Fisher Scientific in October 2021, diagnostic laboratories were working during the COVID-19, due to which the lab automation market was thriving. Continuous advances in laboratory automation technology gave the diagnostic labs an access to the wealth of workflow- solutions that rapidly improved productivity, efficiency, and reproducibility. A range of flexible automation solutions has enabled the visionary lab to quickly return to near-full productivity while complying with local social- distancing requirements and thus there was positive impact of COVID-19 pandemic on the global lab automation market.

 Global Lab Automation Market Segmentation:    

The global lab automation market report is segmented into Product, End User and Region

Based on Product, the market is segmented into liquid handling products, microplate reader, and robotics, and others. Out of which, liquid handling products segment is expected to have a dominant position in the global lab automation market during the forecast period and this is attributed due to increase in the product launches and product release of liquid handling products by the market player.

Based on End User, the market is segmented into research institutes, biopharmaceuticals and pharmaceuticals, and others. Out of which, research institutes is expected to dominate the market over the forecast period due to the increased research and development activities.

Based on Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Out of which, North America is expected to have a dominant position in the global lab automation market during the forecast period and this is attributed  due to increasing number of collaborations by the key market players

Global Lab Automation Market Cross Sectional Analysis:

In the end user segment, as there are numerous advantages of lab automation in research institutes, the end user segment is dominant. For instance, in November 2020, according to data provided by the National Center for Biotechnology Information, there are number of benefit of a using lab automation instruments in the research institutes which includes reproducibility, increasing laboratory efficiency, faster translation, and most importantly safety of the person.

In product segment, liquid handling products is dominant in European region throughout the forecast period, due to the increasing number of product launches by the key players. For instance, in February 2022, SPT Latch Ltd, an U.K.-based company providing laboratory automation for the life sciences industry, announced the launch of apricot DC1, an automated liquid handling platform, using dual-core pipetting technology.

Global Lab Automation Market: Key Developments

In June 2021, PerkinElmer Inc., one of the global providers of analytical instruments, genetic testing and diagnostic tools, etc., launched GC 2400 Platform, an advanced automated gas chromatography solution. The automation in gas chromatography is expected to propel the market growth during the forecast period.

In May 2022, Biosero, a Part of BICO Biosciences and developer of laboratory automation solutions, announced the issuance of a key patent underlying its laboratory automation scheduling software, the Green Button Go Scheduler. It is an automated laboratory scheduling software which helps to  work the devices, in the labs.

In July 2022, PerkinElmer Inc., one of the global providers of analytical instruments, genetic testing and diagnostic tools, etc.,  announced the global availability of its MicrofastTM microbial count plates for food safety testing. MicrofastTM microbial count plates provide efficient, effective, and user-friendly quantification of aerobic, E. coli, coliform, enterobacteriaceae, yeast and mold, and staphylococcus aureaus contamination in dairy, meat/poultry, fruit, vegetable, baked goods and environmental surface samples.

In August 2020, Tecan Trading AG, one of the leading global providers of laboratory equipment specialized in the development, production and distribution of instruments, in collaboration with Thermo Fisher Scientific, an analytical laboratory instrument manufacturing company, announced the introduction of an automated, real-time PCR solution, to enable scaled-up COVID-19 testing globally.

Global Lab Automation Market: Key Trends

Increasing strategies such as collaborations by the market players is expected to drive the lab automation market over the forecast period.

For instance, in January, 2020, Eli Lilly and Company, one of the global healthcare leaders, collaborated with Striates Inc., one of the leading providers of on-demand discovery science, launched a remote-controlled robotic cloud lab, an automated platform which can perform designing, synthesis, purification, analysis, sample management, and hypothesis testing during the drug discovery process.

Global Lab Automation Market: Restraint

Limitations of lab automation instruments will hinder the market pace

For instance, in November 2020, a review article was published by Frontiers Bioengineering and Biotechnology, according to which there are certain limitations for lab automation such as incorrect application, obsolescence, innovation inhibition, and others, which can hamper the lab automation market. Despite the obstacles that researchers must overcome in order to partially or entirely automate their experimental processes, there are numerous instances of laboratory automation development being done "in-house," without the aid of a commercial partner or a sizable grant specifically designated to funding automation. The possibility of incorporating automation into research teams' processes is becoming increasingly apparent.

Global Lab Automation Market- Key Players

Major players operating in the global lab automation market includes Tecan Trading AG, PerkinElmer Inc., Danaher, Thermo Fisher Scientific, QIAGEN, Agilent Technologies, Inc., Hamilton Company, COPAN Diagnostics Inc., Abbott, Merck KGaA, F. Hoffmann-La Roche Ltd, Siemens Healthcare Private Limited, UiPath, and  Porvair Sciences, SPT Labtech Ltd, Endress+Hauser Group Services AG,  Automata, accroma, Molecular Devices, LLC, Beckman Coulter, Inc., BD, Reshape Biotech, Peak Analysis & Automation among other prominent players