Global Laboratory Robotics market share will accelerated CAGR a +7.5 % and in terms of revenue will reach US$ 4.8 Billion by 2026.
APAC represents profitable openings for existing main players in the laboratory automation market. Heave in cognizance about advanced laboratory automation systems, surge in demand for laboratory automation systems and increase in number pharma companies support the growth of the market.Technological advancements and investments by leaders of the market in North America is the driving force behind the market becoming the largest laboratory robotics market in the world.This particular market is competitive due to several businesses running their operations on national and international levels. The market looks to be soberly combined with important players adopting strategies like product innovation along with M&A.
Due to high adoption of continuous flow in labs for providing top quality service, the continuous flow dominated the market in whole and accounted for close to 60% share. Furthermore, continuous flow analysis is a tried and tasted method and is also suitable when there is a need to analyze a greater number of samples for considerably lesser number of chemistries. Depending upon the process, this particular market is segmented into two categories which are discrete processing and continuous flow.
In the discrete processing method, there is no wastage of excess reagents used for flow when compared to continuous flow processing. This method is expected to witness stronger growth due to numerous advantages over continuous processing.
Laboratory robotics is the act of the usage of robots in biology or chemistry labs. The pharmaceutical groups set up robots to transport biological or chemical samples round to synthesize novel chemical entities or to test pharmaceutical price of current chemical count. The contemporary superior laboratory robotics completely automate the system of science, as inside the robot science tasks. The high fee of laboratory robots has inhibited their adoption in lots of programs. However currently many robotic devices which have very low value, and it may be hired to do some jobs in a laboratory. Organic and chemical zone, their samples are in both liquid or strong nation and are stored in vials, plates or tubes. They need to be frozen and/or sealed to keep away from infection or to retain their biological and/or chemical houses. Particularly, the existence science enterprise has standardized on a plate layout, known as the microtiter plate, to save such samples. One fundamental region wherein automatic synthesis has been implemented is structure determination in pharmaceutical research. Strategies including NMR and HPLC-MS can now have pattern training finished through robot arm. Moreover, structural protein evaluation may be accomplished robotically the usage of a combination of NMR and X-ray crystallography.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Laboratory Robotics Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
IBM has launched a new industrial chemistry lab robot called RoboRXN, describing it as “the first remotely accessible, autonomous chemical laboratory.
ST Robotics, a pioneer of laboratory bench-top robot arms, is ramping up its shipments of four, five and six-axis industrial robots, in response to the recent increase in demand from COVID-19.
Corindus Launches technIQ 1 Smart Procedural Automation Series for CorPath GRX Cath lab Robotic System
Corindus, A Siemens Healthineers company and a leading developer of vascular robotics, began its global launch of a new set of automated robotic movements in the technIQ Series designed for the CorPath GRX System. The company received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for new software automation that provides predictable and consistent movements to aid in advanced device manipulation during complex coronary and peripheral procedures.
Thermo Fisher Scientific, Inc. Launched Rapid EZ DNA-Seq library preparation kit, offering PCR-free generation of sequencing-ready libraries for NGS
Danaher Corporation(Beckman Coulter, Inc.) entered into a marketing agreement with Clever Culture Systems (CCS), a leader in microbiology automation using AI, to promote the APAS Independence in their suite of lab automation solutions.
Eli Lilly and Company (NYSE: LLY) and Strateos, Inc. unveiled a new robotic laboratory in San Diego, California designed to accelerate the drug discovery process. The Lilly Life Sciences Studio lab was conceptualized and designed by Lilly as part of a $90 million investment made to expand Lilly's research footprint in San Diego. Strateos will utilize their robotic cloud platform to enable the access of this remote-controlled lab to other drug discovery companies and research scientists through its secure cloud-based platform as part of the collaboration.
Top Key players in the Laboratory Robotics Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Laboratory Robotics Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Tecan Group, Yaskawa Electric, Universal Robots, Protedyne (LabCorp), Thermo Fisher Scientific, Anton Paar, HighRes Biosolutions, Hamilton Robotics, Aurora Biomed, Aerotech, Cleveland Automation Engineering, Biosero, Hudson Robotics, Labman, AB Controls, ST Robotics, Chemspeed Technologies, Peak Analysis & Automation, PerkinElmer Inc., Siemens AG, Beckman Coulter Inc. and others.
Laboratory Robotics Market is segmented based on the type, applications, companies and regions.
By Application Laboratory processes are suited for robotic automation as the processes are composed of repetitive movements (e.g. pick/place, liquid & solid additions, heating/cooling, mixing, shaking, testing).
The report offers in-depth assessment of the growth and other aspects of the Laboratory Robotics Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Asia-Pacific presents profitable openings for the key players operating in the laboratory automation market. Heave in cognizance about advanced laboratory automation systems, increase in number of pharmaceutical companies, and surge in demand for laboratory automation systems support the market growth.
In the North American region, the increasing technological advancements and investments by the market leaders are driving the market to be the largest laboratory robotics market in the world. Additionally, with the increased R&D activities by the biotechnology and pharmaceutical firms in this region, as well as the increased adoption of lab automation by most of the hospitals and clinical diagnostic labs (due to the increasing volume of test samples) are driving the growth in the lab automation market in North American region
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2025. The report presents the analysis of Laboratory Robotics Market for the historical period of 2017-2021 and the forecast period of 2021-2025.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.