How the Lab Automation In Drug Discovery Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Lab Automation In Drug Discovery Market?
The surge in demand for precision medicine is projected to fuel the expansion of lab automation in the drug discovery sector. Precision or personalized medicine entails an approach towards prevention and medical treatment that factors in each person’s unique gene, environment, and lifestyle variation. The application of lab automation enhances research, boosts experimental consistency, and optimizes the effectiveness of precision medicine and drug discovery methods. The end result is the production of more beneficial medicines and diagnostic tools tailored to the needs of individual patients. For example, the Personalized Medicine Coalition (PMC), a US organization advocating for the understanding and implementation of personalized medicine, reported in October 2022 that over 75,000 genetic testing products and 300 personalized medicines would be available in the market, targeting multiple cancer types, rare genetic diseases, and various chronic and infectious diseases. Consequently, the escalating demand for precision medicine prompts the growth of lab automation in the drug discovery sector.
Get Your Free Sample Report Now – Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14410&type=smp
What is the Predicted Annual Growth Rate of theLab Automation In Drug Discovery Market Impact Industry Trends by 2034?
Recent years have seen a robust expansion of the lab automation in drug discovery market. The market’s value, which is projected to reach $6.47 billion by 2024, is expected to increase further to $6.81 billion by 2025, indicating a compound annual growth rate (CAGR) of 5.3%. Factors such as the rising complexities in drug discovery, the need for more efficient and cost-effective methods, surging demand for high-throughput screening, escalating labor costs, and the urgency to hasten drug development timelines have all contributed to significant growth during the historic period.
The lab automation in drug discovery market is predicted to experience significant growth in the coming years, with anticipation to reach $8.4 billion by 2029, progressing at a compound annual growth rate (CAGR) of 5.4%. This growth during the forecast period is attributed to factors such as the expansion of pharmaceutical firms’ drug pipelines, increased interest in personalized medicine and precision therapeutics, a heightened focus on rare diseases and orphan drugs, and demand for remote and decentralized clinical trials, coupled with the rise of microfluidics and lab-on-a-chip technologies. The imminent trends to dominate the projected period include the widespread adoption of modular and customizable automation solutions, the use of cloud platforms for data management and collaboration, expansion of automation in nascent markets, evolution of virtual drug discovery businesses utilizing automation and digital helpers, and creation of standardized, interoperable systems.
You can Directly Purchase the Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14410
What Are the Most Significant Market Trends Transforming theLab Automation In Drug Discovery Market?
Top firms in the drug discovery lab automation market are intensifying their efforts to create innovative solutions, including rapid idea-to-data solutions, to maintain their market dominance. Rapid idea-to-data solutions refer to an efficient platform or procedure that enables individuals or businesses to swiftly convert their ideas or designs into actionable information or data-driven outcomes. For example, in April 2022, Strateos Inc., an American biotech firm, introduced a fast idea-to-data solution for small molecule discovery on its cloud lab automation-as-a-service platform. This lab automation tool is custom-made for small-molecule discovery in drug development. The adaptable, on-demand Strateos Cloud Lab Automation-as-a-Service Platform comprises connected robotic automation with 23 workcells and countless instruments. This platform aids in early lead generation through lead optimization, steered by a software structure that lets users create compounds of interest in the cloud. These compounds are then automatically assembled and tested through various techniques such as cell-based, biochemical, and structured-activity relationship (SAR) evaluations.
What Are the Top Market Players Propelling the Growth of theLab Automation In Drug Discovery Industry?
Major companies operating in the lab automation in drug discovery market are Thermo Fisher Scientific Inc., Abbott Diagnostics, Roche Holdings Inc., Beckman Coulter, Siemens Healthineers, Becton Dickinson and Company, Agilent Technologies Inc., PerkinElmer Inc., Endress+Hauser, Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., QIAGEN, Beckhoff Automation GmbH & Co. KG, Eppendorf AG, Tecan Group Ltd., Brooks Automation Inc., Hamilton Company, AbCellera Biologics Inc., Hudson Robotics Inc., OpenTrons Labworks Inc., Quanterix Corporation, The Technology Partnership, HighRes Biosolutions Inc., Biosero Inc., Peak Analysis and Automation Ltd., Aurora Biomed Inc., Arctoris, Inveox GmbH, Synthace, Synchron Lab Automation
Order Your Report Now For A Swift Delivery:
Which Primary Segments of the Lab Automation In Drug Discovery Market Are Driving Growth and Industry Transformations?
The lab automation in drug discovery 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 Component: Instruments, Software, Services
3) By Application: High-Throughput Screening, Compound Management, Sample Preparation, Other Applications
4) By End-User: Biotechnology And Pharmaceutical Industries, Research Institutes, Other End-Users
Subsegments:
1) By Automated Liquid Handlers: Automated Liquid Handlers, Multi-Channel Pipettes, Reagent Dispensing Systems, Automated Titrators, Liquid Handling Workstations
2) By Automated Plate Handlers: Automated Plate Handlers, Microplate Stacker Systems, Plate Transportation Systems, Plate Sorting Systems
3) By Robotic Arms: Robotic Arms, Cartesian Robots, SCARA Robots, Articulated Robots, Delta Robots
4) By Automated Storage And Retrieval Systems (ASRS): Automated Storage and Retrieval Systems (ASRS), Vertical Lift Modules (VLM), Automated Guided Vehicles (AGVs), Carousel-Based Systems, High-Density Storage Systems
5) By Other Types: Automated Sample Preparation Systems, Laboratory Information Management Systems (LIMS), Microarray Processors, Automated Screening Systems
Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=14410&type=smp
Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Lab Automation In Drug Discovery Market?# Market?
North America was the largest region in the lab automation in drug discovery 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 drug discovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Reports Similar to the Global Lab Automation In Drug Discovery Market 2025, By The Business Research Company:
Network Automation Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/network-automation-global-market-report
Intelligent Building Automation Technologies Global Market Report 2024
Security Orchestration, Automation And Response (SOAR) Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
