Market Overview:
The global lab automation in drug discovery market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for lab automation in hospitals and private labs, biotech and pharma companies, academics and research institutes, and other end-users. Additionally, the growing focus on reducing costs and improving efficiency is also propelling the growth of this market. However, factors such as high installation cost may restrain the growth of this market to some extent during the forecast period. On the basis of type, automated liquid handlers are expected to hold a major share of the global lab automation in drug discovery market during 2018-2030 owing to their ability to handle large number of samples simultaneously with high accuracy and precision.
Product Definition:
Lab Automation is the process of using machines to do tasks that are traditionally done by people in a laboratory setting. This can include things like pipetting, plate reading, and sample prep. The use of automation can improve accuracy and speed up the process of drug discovery.
Automated Liquid Handlers:
Automated liquid handlers are used to transfer liquid samples from one container to another without any human intervention. It is a part of lab automation and has gained immense popularity in the drug discovery market owing to its efficiency, speed, and accuracy. The automated liquid handlers have been designed for use with microplates that contain reagents for specific assays or reactions.
Automated Plate Handlers:
Automated plate handlers are used for handling and scanning of samples in drug discovery processes. Drug discovery is a process where large volumes of biological data needs to be processed and analyzed which includes sample identification information, raw material source, extraction solvent information, structure/formulation of the final product along with other factors that need to be considered during drug development.
The automated plate handler system helps in reducing human errors during sample processing which increases efficiency and reduces time consumption thereby increasing productivity.
Application Insights:
The drug discovery and development segment dominated the global lab automation in drug discovery market, accounting for over 40% of the overall revenue share in 2017. The key factors contributing to this growth include an increase in R&D activities across various industries and verticals, growing need for efficient & effective solutions that can help reduce costs & time while improving productivity, technological advancements such as cloud-based technologies that automate data management & processing.
Automated liquid handlers held a significant share of 29.1% of the global market revenue share in 2017 owing to its ability to process large volumes with high throughput screening (Proteomics) at higher speeds than humans can do by hand. Automated plate handlers also held a significant share owing to its ability not only to handle plates but also scan them for proper identification thus reducing human errors during processes like sequencing or western blotting which are crucial stages of research work at biotechnology companies or academic institutions where thousands of samples are processed daily.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of automation providers and customers in this region. The U.S.-based companies are engaged in extensive R&D activities, which is expected to have a positive impact on regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing investments by various organizations for drug discovery research coupled with growing healthcare expenditure levels in emerging economies such as China and India. Furthermore, favorable government initiatives pertaining towards lab automation are also likely to contribute towards regional demand during the same period (2018-2030).
Growth Factors:
- Increasing demand for faster, more accurate and reliable lab results
- Growing focus on reducing the time to market for new drugs
- Rising pressure to cut costs in drug discovery process
- Advances in technology that improve lab automation processes
- Increased use of robots and artificial intelligence in labs
Scope Of The Report
Report Attributes
Report Details
Report Title
Lab Automation in Drug Discovery Market Research Report
By Type
Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems, Others
By Application
Hospitals and Private Labs, Biotech and Pharma, Academics and Research Institutes, Others
By Companies
Thermo Fisher Scientific, Beckman Coulter (Danaher), Hudson Robotics, Becton, Dickinson and Company, Agilent Technologies, Siemens Healthineers, Tecan Group Ltd, PerkinElmer, Bio-Rad, Roche, Shimadzu Corporation, Aurora Biomed
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Lab Automation in Drug Discovery Market Report Segments:
The global Lab Automation in Drug Discovery market is segmented on the basis of:
Types
Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems, Others
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
Hospitals and Private Labs, Biotech and Pharma, Academics and Research Institutes, Others
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:
- Thermo Fisher Scientific
- Beckman Coulter (Danaher)
- Hudson Robotics
- Becton, Dickinson and Company
- Agilent Technologies
- Siemens Healthineers
- Tecan Group Ltd
- PerkinElmer
- Bio-Rad
- Roche
- Shimadzu Corporation
- Aurora Biomed
Highlights of The Lab Automation in Drug Discovery 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:
- Automated Liquid Handlers
- Automated Plate Handlers
- Robotic Arms
- Automated Storage and Retrieval Systems
- Others
- By Application:
- Hospitals and Private Labs
- Biotech and Pharma
- Academics and Research Institutes
- Others
- 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 Lab Automation in Drug Discovery 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.
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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?
Lab automation is the use of computer systems to automate laboratory procedures. This can include everything from running standard tests on samples to generating complex chemical structures. Automation allows for more efficient and accurate work, which can lead to faster drug discovery times.
Some of the major companies in the lab automation in drug discovery market are Thermo Fisher Scientific, Beckman Coulter (Danaher), Hudson Robotics, Becton, Dickinson and Company, Agilent Technologies, Siemens Healthineers, Tecan Group Ltd, PerkinElmer, Bio-Rad, Roche, Shimadzu Corporation, Aurora Biomed.
The lab automation in drug discovery market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lab Automation in Drug Discovery 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 Lab Automation in Drug Discovery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lab Automation in Drug Discovery 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 Lab Automation in Drug Discovery 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 Lab Automation in Drug Discovery Market Size & Forecast, 2020-2028
4.5.1 Lab Automation in Drug Discovery Market Size and Y-o-Y Growth
4.5.2 Lab Automation in Drug Discovery 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 Automated Liquid Handlers
5.2.2 Automated Plate Handlers
5.2.3 Robotic Arms
5.2.4 Automated Storage and Retrieval Systems
5.2.5 Others
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 Hospitals and Private Labs
6.2.2 Biotech and Pharma
6.2.3 Academics and Research Institutes
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lab Automation in Drug Discovery 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 Lab Automation in Drug Discovery 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 Automated Liquid Handlers
9.6.2 Automated Plate Handlers
9.6.3 Robotic Arms
9.6.4 Automated Storage and Retrieval Systems
9.6.5 Others
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 Hospitals and Private Labs
9.10.2 Biotech and Pharma
9.10.3 Academics and Research Institutes
9.10.4 Others
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 Automated Liquid Handlers
10.6.2 Automated Plate Handlers
10.6.3 Robotic Arms
10.6.4 Automated Storage and Retrieval Systems
10.6.5 Others
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 Hospitals and Private Labs
10.10.2 Biotech and Pharma
10.10.3 Academics and Research Institutes
10.10.4 Others
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 Automated Liquid Handlers
11.6.2 Automated Plate Handlers
11.6.3 Robotic Arms
11.6.4 Automated Storage and Retrieval Systems
11.6.5 Others
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 Hospitals and Private Labs
11.10.2 Biotech and Pharma
11.10.3 Academics and Research Institutes
11.10.4 Others
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 Automated Liquid Handlers
12.6.2 Automated Plate Handlers
12.6.3 Robotic Arms
12.6.4 Automated Storage and Retrieval Systems
12.6.5 Others
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 Hospitals and Private Labs
12.10.2 Biotech and Pharma
12.10.3 Academics and Research Institutes
12.10.4 Others
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 Automated Liquid Handlers
13.6.2 Automated Plate Handlers
13.6.3 Robotic Arms
13.6.4 Automated Storage and Retrieval Systems
13.6.5 Others
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 Hospitals and Private Labs
13.10.2 Biotech and Pharma
13.10.3 Academics and Research Institutes
13.10.4 Others
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 Lab Automation in Drug Discovery Market: Competitive Dashboard
14.2 Global Lab Automation in Drug Discovery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 Beckman Coulter (Danaher)
14.3.3 Hudson Robotics
14.3.4 Becton, Dickinson and Company
14.3.5 Agilent Technologies
14.3.6 Siemens Healthineers
14.3.7 Tecan Group Ltd
14.3.8 PerkinElmer
14.3.9 Bio-Rad
14.3.10 Roche
14.3.11 Shimadzu Corporation
14.3.12 Aurora Biomed
