The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth Overview

• Rapid Growth: The lab automation market has seen significant growth, from $6.67 billion in 2023 to $7.33 billion in 2024, with a CAGR of 9.9%.
• Future Projections: Expected to reach $10.80 billion by 2028, growing at a CAGR of 10.2%.

Key Drivers of Growth

• Technological Advancements: Miniaturization of assays and instruments, and advancements in robotics and automation technologies.
• Demand for High-Throughput Screening: Crucial for drug discovery and precision in research.
• Precision and Reproducibility: Growing emphasis on accurate and reproducible results in research.
• Diagnostic Testing: Need for faster and more accurate diagnostic testing.

Forecasted Growth Factors

• Regulatory Compliance: Increasing requirements drive automation adoption.
• Remote Access and Monitoring: Demand for efficient lab management and monitoring.
• Labor Shortages: Automation bridges the skills gap.
• Cost Reduction: Pressure to minimize operational costs while maximizing efficiency.

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Major Trends in Lab Automation

• AI and Machine Learning: Integration of advanced algorithms for improved data analysis and operational efficiency.
• Robotic Automation: Expansion of robotics to handle complex lab processes.
• Modular and Scalable Solutions: Adoption of flexible and scalable automation solutions.
• High-throughput screening Technologies: Increased use for rapid analysis.
• Advanced Imaging and Microscopy: Incorporation of cutting-edge techniques for detailed analysis.

Personalized Medicine as a Growth Driver

• Precision Medicine: Tailoring healthcare decisions to individual patients.
• Advancements in Genomics: Progress in molecular diagnostics fuels personalized medicine.
• Chronic Disease Management: Addressing the growing burden of chronic diseases.
• Cost-Effectiveness: Personalized treatments improve outcomes and optimize costs.
• Market Impact: Rising demand for personalized medicine boosts the lab automation market.

Major Market Players

• Leading Companies: Thermo Fisher Scientific, Becton Dickinson, Agilent Technologies, PerkinElmer, Beckman Coulter, Biomek, Bio-Rad Laboratories, QIAGEN, Tecan Group, Brooks Life Sciences, Hamilton Company, Promega Corporation, Opentrons Labworks, Analytik Jena, Gilson, Eppendorf, Hudson Robotics, Cartesian Therapeutics, Labcyte (Beckman Coulter), Zymo Research, Perceptive Instruments, Synthace, Festo, Roche Diagnostics, Peak Analysis & Automation.

Innovations in Microbiology Lab Automation

• New Solutions: Companies are developing advanced lab automation systems for microbiology labs.
• BD Kiestra System: Launched by Becton Dickinson in January 2023, the third-generation system optimizes lab space and workflow.
• Features: Automated processes, modular design, high throughput, and advanced informatics solutions.
• Impact: Improved microbiology lab operations, efficiency, and outcomes.

Strategic Acquisitions

• Bruker Corporation’s Acquisition: In March 2024, Bruker acquired Chemspeed Technologies to enhance R&D and QC productivity.
• Chemspeed Technologies: A Swiss company specializing in high-throughput lab automation solutions.

Market Segmentation

• By Stage of Automation: Pre-Analytical, Analytical, Post-Analytical, Total Lab Automation.
• By Process: Discrete Processing, Continuous Flow.
• By Application: Diagnostics, Genomic Solutions, Microbiology, Drug Discovery, Proteomic Solutions, Other Applications.
• By End-User: Pharmaceutical and Biotechnology Companies, Research and Diagnostic Laboratories, Other End-Users.

Regional Insights

• Largest Market: North America led the lab automation market in 2023.
• Fastest-Growing Region: Asia-Pacific is projected to experience the fastest growth during the forecast period.

The lab automation market is poised for substantial growth, driven by technological advancements, demand for precision medicine, and strategic industry developments. As automation becomes increasingly integral to laboratory operations, stakeholders can expect continued innovation and expansion in this dynamic field.

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The Lab Automation Global Market Report 2024  provides an overview of the lab automation market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The lab automation market forecast analyzes lab automation market size, lab automation market share, leading competitor and their market positions.

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