Laboratory Robotics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Laboratory Robotics Market is segmented by Application (Drug Discovery, Clinical Diagnosis, and Microbiology Solutions), End-user (Clinical Laboratory and Research Laboratory), and Geography.

Laboratory Robotics Market Size

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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.72 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Laboratory Robotics Market Analysis

The Laboratory Robotics Market was valued at USD 185.80 million in 2020 and is expected to reach USD 274.49 million by 2026, at a CAGR of 6.72% over the forecast period 2021 - 2026. By delegating repetitive applications to robots, they provide consistency in sample preparation and testing, which increases the efficiency of the test. This advantage of robots is driving the market studied.

  • Laboratory robotics can be broadly defined as using robotics technology to conduct a scientific study and research experiments in a safe environment without the interference of human hands.
  • The increasing need to ensure the safety of manual workers and the adoption of stringent regulatory protocols in laboratories have initiated the businesses to adopt robotic technologies for critical process applications.
  • Robotics has revolutionized mankind to a greater extent. The reason can be that once the robots are programmed to do a certain task, they continue to do the assigned job at a stretch. They do not get tired or worn out, unlike humans.
  • Moreover, robots maintain accuracy and precision and are highly efficient. These factors are driving the adoption of robotics in laboratories across the world.
  • The high costs associated with the robotic equipment and also the low priority of automation in small to medium-sized labs are restraining the growth of the market studied.

Laboratory Robotics Market Trends

This section covers the major market trends shaping the Laboratory Robotics Market according to our research experts:

Safety of Both Humans and Property to Drive the Market

  • Laboratory experiments involve the usage of hazardous chemicals and substances that are harmful when coming into direct contact with the human body.
  • However, a number of precautionary measures are being undertaken in the laboratories to overcome the ill-effects of these chemicals. There are a number of cases where these experiments have caused injuries to researchers. Moreover, in some adverse conditions, they can also lead to death.
  • Considering these factors, the need for laboratory robots has grown significantly. These robots make sure that humans are not exposed to these chemicals directly, and in turn, provide a safer working environment.
  • With the increasing sales of medical robots across the world, it is evident that the medical sector is adopting more robots to create a safer workplace and to increase the efficiency of the medical process. This factor is directly boosting the growth of the market studied.
laboratory robotics market

North America Occupies the Largest Market Share

  • 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.
  • With the increase in the number of players in this region, the market in this region is witnessing enterprise collaborations and partnerships to achieve a technological breakthrough in the field of robotics, which is also boosting the focus toward technology.
  • 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.
laboratory robotics market

Laboratory Robotics Industry Overview

The laboratory robotics market iscompetitive, owing to the presence of small and large players in the market running their business on national as well as international boundaries. The market appears to be moderately consolidated, with the key players adopting strategies, like product innovation and mergers and acquisitions. Some of the key players in the market arePerkinElmer Inc.,Thermo Fisher Scientific,Siemens AG,Tecan Group, among others.

  • May 2018 - Thermofisher Scientific, a leading company in the laboratory robotics market, announced that it is collaborating with Astex Pharmaceuticals, a pioneer in innovative drug discovery and development. Astex Pharmaceuticals picked Thermo Fisher Scientific Glacios Cryo-Transmission Electron Microscope (Cryo-TEM) to help them in drug discovery and development program.

Laboratory Robotics Market Leaders

  1. PerkinElmer Inc.

  2. Thermo Fisher Scientific

  3. Siemens AG

  4. Tecan Group

  5. Beckman Coulter Inc.

*Disclaimer: Major Players sorted in no particular order

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Laboratory Robotics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Growing Focus on Safety of Both Humans and Property

    4. 4.4 Market Restraints

      1. 4.4.1 Higher Setup Costs

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Drug Discovery

      2. 5.1.2 Clinical Diagnosis

      3. 5.1.3 Microbiology Solutions

      4. 5.1.4 Genomics Solutions

      5. 5.1.5 Proteomics Solutions

    2. 5.2 By End-user

      1. 5.2.1 Clinical Laboratory

      2. 5.2.2 Research Laboratory

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Hamilton Company

      2. 6.1.2 Peak Analysis & Automation (PAA)

      3. 6.1.3 PerkinElmer Inc.

      4. 6.1.4 Thermo Fisher Scientific

      5. 6.1.5 Hudson Robotics Inc.

      6. 6.1.6 Tecan Group

      7. 6.1.7 Anton Paar GmbH

      8. 6.1.8 Biomérieux SA

      9. 6.1.9 Beckman Coulter Inc.

      10. 6.1.10 Siemens AG

      11. 6.1.11 Cleveland Automation Engineering

      12. 6.1.12 QIAGEN NV

      13. 6.1.13 Abbott Laboratories

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Laboratory Robotics Industry Segmentation

Laboratory robotics is the practice of using robots to perform or assist in various types of laboratory tasks, such as pick/place the sample and the solid additions. They can also heat/cool, mix, shake, and test the samples. While the laboratory robots have found their application in various industries and sciences, the pharmaceutical companies have been using them more than any other industry.

By Application
Drug Discovery
Clinical Diagnosis
Microbiology Solutions
Genomics Solutions
Proteomics Solutions
By End-user
Clinical Laboratory
Research Laboratory
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Laboratory Robotics Market Research FAQs

The Laboratory Robotics Market is projected to register a CAGR of 6.72% during the forecast period (2024-2029)

PerkinElmer Inc., Thermo Fisher Scientific, Siemens AG, Tecan Group and Beckman Coulter Inc. are the major companies operating in the Laboratory Robotics Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Laboratory Robotics Market.

The report covers the Laboratory Robotics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Laboratory Robotics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Laboratory Robotics Industry Report

Statistics for the 2024 Laboratory Robotics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Laboratory Robotics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Laboratory Robotics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)