Laboratory Robotics Market Size, Share & Trends Analysis Report By Product (Automated Liquid Handling Robots, Automated Plate Handlers), By Application (Drug Discovery), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Laboratory Robotics Market Size, Share & Trends Analysis Report By Product (Automated Liquid Handling Robots, Automated Plate Handlers), By Application (Drug Discovery), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Laboratory Robotics Market Growth & Trends

The global laboratory robotics market size is anticipated to reach USD 3.86 billion by 2030 and is projected to grow at a CAGR 7.1% during the forecast period, according to a new report by Grand View Research, Inc. This growth is largely influenced by advancements in technology, the rising demand for high-throughput screening, and the ongoing developments in the pharmaceutical and biotechnology sectors. For instance, in May 2024, Portal Biotechnologies and Multiply Labs announced a collaboration to automate cell engineering in cell therapy manufacturing. By integrating Portal’s cell engineering platform with Multiply Labs’ robotic systems, the collaboration aims to reduce costs, enhancing the scalability and accessibility of cell therapy. As laboratories seek to improve their operational workflows and reduce human error, the adoption of robotic systems has become more widespread.

One of the primary factors driving the growth of the laboratory robotics market is the technological advancements in robotics and automation. Innovations such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) have enhanced the capabilities of robotic systems, making them more adaptable, precise, and efficient. These technologies enable robots to perform complex tasks with high accuracy, such as liquid handling, sample preparation, and data analysis, thereby increasing the overall productivity of laboratories.

Moreover, a significant factor contributing to market growth is the rising demand for high-throughput screening (HTS) in drug discovery and development. HTS involves the rapid testing of thousands of chemical compounds to identify potential drug candidates. Laboratory robots are essential in this process as they can handle large volumes of samples quickly and accurately, reducing the time and cost associated with manual screening. This demand is further amplified by the increasing prevalence of chronic diseases and the need for new therapeutic solutions.

Furthermore, the laboratory robotics market is experiencing significant growth driven by the strategic initiatives of key market players.Strategic collaborations, acquisitions, and technological advancements are pivotal in this market. For instance, in March 2024, ABB and Mettler Toledo announced a partnership. According to a recently signed memorandum of understanding, the collaboration aims to integrate ABB with Mettler Toledo’s LabX laboratory instrument management software, as reported by Control Design.By automating complex processes and ensuring standardized outputs, these advancements drive the reliability and efficiency of laboratory operations. As a result, the laboratory robotics market is poised for sustained growth, offering innovative solutions to meet the evolving demands of modern laboratories and advancing scientific research capabilities globally.

Laboratory Robotics Market Report Highlights

• The lab automation workstations segment held the largest share of 37.8% in 2023. Increasing demand for streamlined laboratory processes, driven by the need for higher throughput and efficiency, is a primary growth driver
• The drug discovery segment is expected to grow fastest during the forecast period, due to automation advancements that enhance efficiency and accuracy. Staff shortages further drive demand for robotic solutions, which streamline workflows and increase throughput, addressing the critical need for faster, more reliable drug development processes amidst limited human resources
• The clinical laboratory segment is expected to grow fastest during the forecast period, driven by increased investments and technological advancements. Increasing incidence of chronic disorder further escalates market growth
• North America dominated the overall global market due to technological advancements, increased automation demand, and substantial investments. Key players are implementing strategic plans, including partnerships and innovative product development, to enhance market presence and meet evolving laboratory needs

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