Market Overview:
The Global Automated Storage Retrieval System Market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automated storage retrieval systems in various applications such as solid tumors and hematological cancer. North America is expected to hold the largest share of the global automated storage retrieval system market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness the highest CAGR during the forecast period due to rising demand from countries such as China and India.
Product Definition:
An automated storage retrieval system is a computerized system for managing and retrieving stored items from a warehouse or other storage facility. The importance of automated storage retrieval systems is that they improve efficiency and accuracy in the management of inventory. They also allow for more rapid retrieval of items from the warehouse, which can speed up production processes.
Phase I:
Phase I is the initial stage of data processing in an ASRS system. It helps to identify unique files and directories, extracts relevant information from them and stores it into a database. Phase I process includes file identification, extraction of relevant information from each file or directory, and storing it into a database for further analysis.
Phase II is used for analyzing the stored data to generate reports which can be used by managers to make decisions on business expansion or new product development etc.
Phase II:
Phase II is the second major phase of data processing in an ASRS. It is also known as post-processing or follow-up study. In this phase, researchers compare and analyze the results obtained from all the participants and then prepare a final paper for publication. This process requires more time than Phase I but it ensures that all relevant data is collected and analyzed completely, which leads to accurate results with higher reliability.
Application Insights:
The solid tumors segment dominated the market in 2017 and is expected to witness lucrative growth over the forecast period. This can be attributed to an increase in cancer cases, coupled with rising awareness about early diagnosis. As per the World Health Organization (WHO), globally, around 1 in 6 people dies of cancer. In 2016, it was reported that around 2 million people died due to this disease worldwide. Phase I ASCRS systems are commonly used for tumor screening as they provide rapid screening at a lower cost than other automated storage retrieval systems currently available in the market place.
Hematological cancers comprise of blood disorders such as leukemia and myeloma along with other cancers such as breast cancer and lymphoma among others which involves blood cells production or development abnormality respectively.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by various organizations, such as the National Cancer Institute (NCI), and increased adoption of automated storage devices for cancer research. For instance, in September 2018, a new automated storage system was installed at NCI’s Herbert C. Hoover Cancer Research Center that holds more than 150 million images of stored tumor samples from over 80 different types of cancers along with associated data pertaining to these samples. The system is expected to accelerate research on cancer immunotherapy treatments using image-based analysis techniques such as computerized tomography (CT) and magnetic resonance imaging (MRI).
Growth Factors:
- Increasing demand for automated storage retrieval system from the automotive and aerospace industries due to the need for high-speed, reliable, and accurate storage and retrieval of parts and components.
- Growing demand for automated storage retrieval systems from the e-commerce sector to manage an ever-growing volume of inventory in a cost effective manner.
- Proliferation of warehouse automation technologies that are driving down the overall cost of ownership for automated storage retrieval systems.
- Rising labor costs coupled with increasing demands on warehouse staff to handle more complex tasks is leading companies towards adoption of automated solutions like ASRSs .
Scope Of The Report
Report Attributes
Report Details
Report Title
Automated Storage Retrieval System Market Research Report
By Type
Phase I, Phase II, Phase III, Phase IV
By Application
Solid Tumors, Hematological Cancer
By Companies
Medpace, Novartis, Exscientia, Syneous Health, AstraZeneca, ICON plc, IQVIA Holdings, BioNtech, Covance, Inc., IO BIOTECH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Automated Storage Retrieval System Market Report Segments:
The global Automated Storage Retrieval System market is segmented on the basis of:
Types
Phase I, Phase II, Phase III, Phase IV
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Solid Tumors, Hematological Cancer
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medpace
- Novartis
- Exscientia
- Syneous Health
- AstraZeneca
- ICON plc
- IQVIA Holdings
- BioNtech
- Covance, Inc.
- IO BIOTECH
Highlights of The Automated Storage Retrieval System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Phase I
- Phase II
- Phase III
- Phase IV
- By Application:
- Solid Tumors
- Hematological Cancer
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automated Storage Retrieval System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automated storage retrieval system (ASRS) is a computerized system that retrieves stored information from electronic media. ASRSs are used in libraries, archives, museums, and other institutions to access digital files.
Some of the major players in the automated storage retrieval system market are Medpace, Novartis, Exscientia, Syneous Health, AstraZeneca, ICON plc, IQVIA Holdings, BioNtech, Covance, Inc., IO BIOTECH.
The automated storage retrieval system market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automated Storage Retrieval System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automated Storage Retrieval System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automated Storage Retrieval System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automated Storage Retrieval System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automated Storage Retrieval System Market Size & Forecast, 2020-2028
4.5.1 Automated Storage Retrieval System Market Size and Y-o-Y Growth
4.5.2 Automated Storage Retrieval System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Phase I
5.2.2 Phase II
5.2.3 Phase III
5.2.4 Phase IV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Solid Tumors
6.2.2 Hematological Cancer
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automated Storage Retrieval System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automated Storage Retrieval System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Phase I
9.6.2 Phase II
9.6.3 Phase III
9.6.4 Phase IV
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Solid Tumors
9.10.2 Hematological Cancer
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Phase I
10.6.2 Phase II
10.6.3 Phase III
10.6.4 Phase IV
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Solid Tumors
10.10.2 Hematological Cancer
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Phase I
11.6.2 Phase II
11.6.3 Phase III
11.6.4 Phase IV
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Solid Tumors
11.10.2 Hematological Cancer
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Phase I
12.6.2 Phase II
12.6.3 Phase III
12.6.4 Phase IV
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Solid Tumors
12.10.2 Hematological Cancer
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Phase I
13.6.2 Phase II
13.6.3 Phase III
13.6.4 Phase IV
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Solid Tumors
13.10.2 Hematological Cancer
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automated Storage Retrieval System Market: Competitive Dashboard
14.2 Global Automated Storage Retrieval System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medpace
14.3.2 Novartis
14.3.3 Exscientia
14.3.4 Syneous Health
14.3.5 AstraZeneca
14.3.6 ICON plc
14.3.7 IQVIA Holdings
14.3.8 BioNtech
14.3.9 Covance, Inc.
14.3.10 IO BIOTECH
