Lab Automation In Genomics Market Forecast: What to Expect by 2029

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#What Is The Projected Market Size Of The Lab Automation In Genomics Market By 2029?

The market size for lab automation in genomics has experienced rapid expansion over recent years. Projections indicate it will expand from $2.33 billion in 2024 to $2.68 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 15.1%. This past growth is attributable to several factors, including a heightened demand for precision medicine, the growing complexity of genomic data, a greater emphasis on genomic research, wider adoption in clinical diagnostics, and a need for improved scalability and flexibility.

The market for lab automation in genomics is anticipated to experience rapid growth in the upcoming years. It is projected to expand to $4.56 billion in 2029, achieving a compound annual growth rate (CAGR) of 14.3%. This expansion during the forecast period is attributable to the increasing prevalence of point-of-care testing, a move towards cloud-based solutions, an emphasis on real-time and continuous monitoring, the spread of precision agriculture, and the growing integration of multi-omics. Significant trends for the forecast period include the adoption of automated instruments, the implementation of lab automation systems, advanced automated technologies, and the use of cloud-based platforms.

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What Are The Drivers Pushing New Developments In The Lab Automation In Genomics Market?

The increasing embrace of precision medicine is anticipated to accelerate the expansion of lab automation within the genomics market. This personalized healthcare method considers an individual’s distinct genetic makeup, environment, and lifestyle to provide tailored medical therapies. The demand for precision medicine is on the rise, driven by advancements in genomics, targeted therapies, patient-centered care, and drug development. Implementing precision medicine necessitates numerous genetic tests to identify disease-related genes, prompting laboratories to process a high volume of samples swiftly and precisely, which in turn leads to the adoption of automated systems. For instance, in February 2024, the Personalized Medicine Coalition, a US-based non-profit organization, reported that the FDA approved 16 novel personalized therapies for patients with rare diseases in 2023, marking an increase from six in 2022. Consequently, the growing adoption of precision medicine is propelling the growth of lab automation in the genomics market.

What Are The Segment Types Shaping The Lab Automation In Genomics Market?

The lab automation in genomicsmarket covered in this report is segmented –

1) By Type: Automated Liquid Handlers; Automated Plate Handlers; Robotic Arms; Automated Storage And Retrieval Systems; Other Types

2) By Process: Continuous Automation System; Modular Automation System

3) By Application: Hospitals And Private Labs; Biotech And Pharma; Academics And Research Institutes; Other Applications

Subsegments:

1) By Automated Liquid Handlers: Liquid Transfer Systems; Pipetting Robots

2) By Automated Plate Handlers: Plate Stacker Systems; Microplate Transport Systems

3) By Robotic Arms: Single-Axis Robotic Arms; Multi-Axis Robotic Arms

4) By Automated Storage And Retrieval Systems: Sample Storage Systems; Automated Retrieval Systems

5) By Other Types: Nucleic Acid Extraction Systems; Other Custom Automation Solutions

Which Market Trends Are Creating New Opportunities In The Lab Automation In Genomics Industry?

Leading firms involved in lab automation within the genomics market are concentrating on creating sophisticated solutions, including automated whole genome sequencing (WGS), to substantially propel advancements in genomics research, clinical diagnostics, and personalized medicine. Automated whole genome sequencing (WGS) involves mapping an individual’s entire genetic code through high-capacity, automated sequencing methods. As an illustration, in May 2023, Clear Labs, Inc., a US-based genomics testing company, introduced Clear Dx. This novel offering delivers entirely automated sample handling, ensuring accurate and uniform library preparation and management specifically for genomics applications. The automation provided by Clear Dx minimizes human error and ensures uniformity during the sequencing process, leading to reliable and repeatable results. It optimizes genome sequencing, reducing manual intervention to merely 30 minutes via a single interaction point, thus making whole genome sequencing accessible even to untrained users.

Who Are The Top Performing Companies In The Lab Automation In Genomics Market In Recent Years?

Major companies operating in the lab automation in genomics market report are Pfizer Inc.; Robert Bosch GmbH; Johnson & Johnson; F. Hoffmann-La Roche Ltd.; Thermo Fisher Scientific Inc.; Novartis International AG; GlaxoSmithKline plc; Danaher Corporation; Becton, Dickinson and Company; Agilent Technologies Inc.; PerkinElmer Inc.; Bio-Rad Laboratories Inc.; Qiagen N.V.; Tecan Group Ltd.; Illumina Inc.; Hamilton Company; Promega Corporation; Oxford Nanopore Technologies Ltd.; Fluidigm Corporation; Gilson Incorporated

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How Is Lab Automation In Genomics Market Demand Varying Across Different Regions?

North America was the largest region in the lab automation in genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lab automation in genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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