Lab Automation Market Growing Rapidly With Recent Trends, Development, Revenue, Demand And Forecast To 2030

Lab Automation Industry Overview

The global lab automation market size was estimated at USD 6.87 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.64% from 2023 to 2030. Laboratory automation utilizes a special kind of technology to streamline or substitute the manual manipulation of methods and equipment. Based on the laboratory workflow, the level and degree of automation are decided. The higher adoption of automated instruments is most often observed at academic and research institutes to bolster productivity and decrease the time spent on different time-consuming tasks.

In addition, the rising use of automated instruments for drug discovery and development purposes is further anticipated to propel the market growth during the forecast period. For instance, in June 2022, Insilico Medicine announced its plans to launch an automated AI-driven robotics laboratory for drug discovery.

The increasing number of benefits offered by process automation is one of the critical factors driving the growth of the market. For clinical laboratories, a paradigm shift from manual operation to laboratory automation has several advantages. Some major advantages of lab automation include enhanced productivity, safe working conditions, reliable results, and a great saving of time, effort, and overall cost of the product.

Gather more insights about the market drivers, restrains and growth of the Lab Automation Market

Moreover, lab automation facilitates the efficiency of laboratory equipment for processes such as sample handling, verifications, and labeling tubes, and helps lower the physical strain due to manual processes. Thus, numerous benefits offered by automated systems are projected to facilitate small and medium-scale laboratories to use automated systems for enhanced productivity.

Increase in demand for miniaturization of the process is another factor driving the global market. One of the main reasons for the adoption of automated technologies in clinical laboratories is to accelerate the miniaturization of research processes to derive solutions for various complex lab automation processes for applications such as microbiology, biotechnology, and clinical chemistry. Moreover, miniaturization makes it simpler to expand, monitor, and cultivate cells, which speeds up turnaround times, particularly in point-of-care settings.

Moreover, the market growth is expected to be driven by the increasing range of applications for lab automation. Various laboratory processes that were formerly done manually have been revolutionized by lab automation. Automated chemistry, synthetic biology, cell line development, genomics, cellular assays, drug discovery, and other applications are among them. Therefore, the adoption of lab automation systems is anticipated to be fueled by the expanding clinical applications of automated instruments in laboratories.

Furthermore, the increasing demand for high throughput analysis in labs to process large numbers of samples is projected to offer significant growth opportunities for the market. Lab automation systems allow the automation of time-consuming and repetitive tasks like liquid handling, data analysis, and sample preparation thereby bolstering the output and facilitating research and testing capabilities.

Some of the recent product launches to support high throughput analysis are pushing market growth forward. For instance, in March 2023, Scientific Laboratory Supplies introduced Accuris Instruments AutoMATE 96 of Benchmark Scientific in the market. This fully automatic product boasts exceptional liquid handling capabilities, contributing to increased throughput in laboratory operations.

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Lab Automation Market Segmentation

Grand View Research has segmented the global lab automation market based on process, automation type, end-use, and region:

Lab Automation Process Outlook (Revenue, USD Million, 2018 - 2030)

Continuous Flow
- By Workflow
  - Sequential Processing
  - Parallel Processing
- By Components
  - Consumables
  - Equipment
- Discrete Processing
  - By Method
    - Centrifugal Discrete Processing
    - Random Access Discrete Processing
  - By Components
    - Consumables
    - Equipment
  - By Workflow
    - Dependent Analysis
    - Independent Analysis

Lab Automation Type Outlook (Revenue, USD Million, 2018 - 2030)

Total Automation Systems
- By Steps
  - Pre-analysis
    - Centrifugation
    - Sample Preparation
    - Sample Sorting
  - Transport Mechanisms
  - Liquid Handling
  - Sample Storage
  - Sample Analysis
- Modular Automation Systems
  - By Steps
    - Specimen Acquisition Identification Labelling
    - Transport Mechanisms
    - Sample Preparation
    - Sample Loading Aspiration
    - Reagent Handling Storage
    - Sample Analysis Measurements