Total Lab Automation Market Size

Laboratory Automation Systems Market Analysis

The Total Lab Automation Market size is estimated at USD 6.23 billion in 2024, and is expected to reach USD 8.66 billion by 2029, growing at a CAGR of 6.82% during the forecast period (2024-2029).

Technological advancements and increasing pressure to deliver results have led to the use of automated systems in laboratories, driving the market. The adoption rate of automated systems has been growing due to their accuracy, advanced data management capacity, reduced repetitiveness, and reduced human intervention.

• Laboratory automation contains computerized lab instruments and gadgets, which give many advantages, such as expanded profitability, enhanced work process scope, reduced time cycle, and improved information quality. Lab automation is vital to handle large volumes of sample tests in less time.
• For instance, automated liquid handlers are widely adopted in lab automation since they drastically reduce the time for processing and minimize the scope for sample contamination by dispensing dead volumes very efficiently. Liquid handlers work on software using an integrated system, which customizes handling procedures with large transfer volumes.
• With users expecting an immersive experience integrated with the Internet of Things (IoT), industries are now more dependent on automation than ever before. The Internet of Things (IoT) explosion enabled everything to be connected wirelessly, including heating, badging, lighting, sample collection and testing, and security cameras. Robots are restocking shelves in the medical sector; in hospitals, lifesaving medical equipment is connected, whereas manufacturing connects heavy machinery. These applications will drive the studied market in the future.
• Furthermore, in November 2021, Automata announced the launch of Automata Labs, an accessible, worry-free laboratory workflow automation solution to empower life science labs to innovate and upscale at pace. It transforms labs of all shapes and sizes by providing scientists with accessible, flexible, and end-to-end lab automation.
• Laboratories are facing pressure to produce faster turnaround times while also reducing errors to enhance patient care and therefore are using automation and robotics pervasive in clinical laboratories. The high-end automation in instruments and modular systems offers an array of highly user-friendly features. Most instruments can be integrated with IT to maximize the benefits of laboratory automation, which offers mechanized solutions in each workflow phase in a lab.
• With the outbreak of the COVID-19 pandemic, the pressure on laboratories to increase testing labs' capacity and speed increased. With the increase in the number of samples being tested every day, the market studied witnessed growth in the development of automation systems by vendors, which is expected to create opportunities for the market's growth.