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How Does the Projected Growth of the Lab Automation In Genomics Market Compare Over the Forecast Period?

The market size of lab automation in genomics has experienced substantial expansion in the past few years. The growth is projected to continue from $2.33 billion in 2024 to $2.7 billion in 2025 at a compound annual growth rate (CAGR) of 16.0%. The rise during the past years can be credited to increasing demand for accuracy in medicine, the growing complexity of genomic data, a sharper focus on genomic research, larger utilization in clinical diagnostics, as well as the need for scalability and flexibility.

The market size for lab automation in genomics is anticipated to witness considerable growth in the forthcoming years, expanding to $4.82 billion in 2029 with a compound annual growth rate (CAGR) of 15.6%. The growth in this predicted timeline can be due to the proliferation of point-of-care testing, the shift towards cloud-based solutions, the emphasis on real-time and continuous monitoring, the burgeoning of precision agriculture, and the rise in multi-omics integration. The forecast period is also expected to see major trends such as the adoption of automated instruments, the implementation of lab automation systems, automated technologies, and cloud-based platforms.

What Key Drivers Are Accelerating the Growth of the lab automation in genomics Market During the Forecast Period?

The increasing acceptance of precision medicine is anticipated to stimulate the growth of lab automation within the genomics market in the future. Precision medicine offers a bespoke approach to healthcare, taking into account individual variations in genes, lifestyle, and environment in order to provide tailored medical treatments. The call for precision medicine is growing due to factors like genomics advancements, targeted treatments, patient-centric care, and progress in drug development. Precision medicine requires a multitude of genetic tests to identify disease-related genes. This compels labs to efficiently and accurately process a large volume of samples, leading to the utilization of automated systems. For instance, the Personalized Medicine Coalition, a non-profit organization based in the U.S., reported in February 2024 that the FDA had approved 16 new personalized therapies for patients with rare diseases in 2023, a significant increase from just six in 2022. Thus, the rising acceptance of precision medicine is pushing the growth of lab automation in the genomics market.

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Who Are the Key Players Steering the Development of the Lab Automation In Genomics Market?

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_x000D_

How Are Consumer Trends Shaping the Current and Future Landscape of the Lab Automation In Genomics Market?

Key players in the genomics market for lab automation are concentrating on the creation of advanced solutions like automated whole genome sequencing (WGS) to make significant strides in genomics research, clinical diagnostics, and precision medicine. Automated WGS involves the use of high-throughput, automated sequencing technologies to sequence an individual’s genome. For example, in May 2023, Clear Labs, Inc., a US company that specializes in genomics testing, introduced Clear Dx. This innovative solution delivers complete automation of sample processing, assuring exact and consistent library preparation and management for genomics. Clear Dx’s automation reduces human discrepancy and ensures consistency in sequencing, resulting in dependable and repeatable results. It simplifies the process of genome sequencing, reducing manual intervention to merely 30 minutes with a single touchpoint, making easy whole genome sequencing a possibility even without specialized training.

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What Are the Primary Segments of the Lab Automation In Genomics Market and Their Roles in Growth Dynamics?

The lab automation in genomics market 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 Geographical Regions Are Shaping the Lab Automation In Genomics Market Growth?

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.

What Are the Defining Aspects of the Lab Automation In Genomics Market Landscape?

Lab automation in genomics refers to the use of advanced technologies and systems to streamline and automate various laboratory processes involved in genomic research and analysis. Lab automation in genomics aims to improve the efficiency, accuracy, and reproducibility of genomic research by reducing manual errors, increasing throughput, and accelerating data analysis.

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