Laboratory Robotics Market - Segmented by Application, End User, and Region - Growth, Trends, and Forecast (2018 - 2023)

Laboratory Robotics Market - Segmented by Application, End User, and Region - Growth, Trends, and Forecast (2018 - 2023)

The laboratory robotics market is expected to witness a CAGR of over 6.7% over the forecast period (2018 - 2023).

Laboratory robotics can be broadly defined as using a technology to conduct scientific study and research experiments in a safe environment. The scope of this report is restricted to end-user industries, like clinical laboratories and research laboratories. Laboratory robotics are developed by a number of firms, like Thermo Fisher Scientific, Beckman Coulter Inc., Hudson Robotics, Peak Analysis & Automation (PAA), Tecan Group, and Perkin Elmer, among others. North America is likely to stay at the helm during the forecast period, due to the advent of advanced research institutes and increasing investments by market players.

Ensures Safety of Both Humans and Property

Laboratory experiments involve the use hazardous chemicals and substances, however, a number of precautionary measures are being undertaken to overcome 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.

Robots More Accurate and Precise than Humans

In the recent past, robotics has revolutionized the mankind to a great extent. The reason being, once robots are programmed to do a task, they continue to do the assigned job at a stretch. They do not get tired or worn out, unlike humans. By delegating repetitive applications to robots, they provide consistency in sample preparation. On the other hand, robots maintain accuracy and precision and are highly efficient.

North America is the Largest Region

In North America, increasing technological focus and investments by market leaders are driving the market to be the largest laboratory robotics. The increasing number of players in the region has a led to a rise in collaborations in the market, which is boosting the focus toward technology. Asia-Pacific, followed by Europe, is the second-largest market, due to the growing aged population and high demand for healthcare services fueling the demand for laboratory robotics.

Key Developments in the Market

  • October 2017 – Peak Analysis & Automation (PAA), one of the leading companies in laboratory automation, launched S-LAB, an automated plate handler at ELRIG Drug Discovery, ACC Liverpool. S-LAB is similar to a robotic arm but much easier to use, compact, reliable, and affordable.
  • May 2018 - Thermo Fisher 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.

Reasons to Purchase this Report
  • Advancements in the laboratory robotics market
  • Various perspectives of the market with the help of Porter’s five forces analysis
  • The type of service and end user expected to dominate the market
  • Regions expected to witness the fastest growth during the forecast period
  • The latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Growing Focus on Safety of Both Humans and Property
4.2.2 Robots More Accurate and Precise than Humans
4.3 Factors Restraining the Market
4.3.1 The Setup Costs on the Higher End
4.4 Industry Attractiveness – Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
5. Laboratory Robotics Market Segmentation
5.1 By Application
5.1.1 Drug Discovery
5.1.2 Clinical Diagnosis
5.1.3 Microbiology Solutions
5.1.4 Genomics Solutions
5.1.5 Proteomics Solutions
5.2 By End-user Industry
5.2.1 Clinical Laboratory
5.2.2 Research Laboratory
5.3 By Region
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6. Competitive Intelligence – Company Profiles
6.1 Hamilton Company
6.2 Peak Analysis & Automation (PAA)
6.3 PerkinElmer, Inc.
6.4 Thermo Fisher Scientific
6.5 Hudson Robotics, Inc.
6.6 Tecan Group
6.7 Anton Paar GmbH
6.8 Biomérieux SA
6.9 Beckman Coulter Inc.
6.10 Siemens AG
6.11 Cleveland Automation Engineering LLC
6.13 Abbott Laboratories
*List not Exhaustive
7. Investment Analysis
8. Future of the Laboratory Robotics Market
9. Disclaimer

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