Top Growth Trends in the Lab Automation In Genomics Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Lab Automation In Genomics Market?
The increasing acceptance of precision medicine is anticipated to boost the genomics market’s lab automation expansion. Precision medicine is a tailor-made approach to health care that takes into account individual genetic, environmental, and lifestyle variances to offer personalized medical treatments. The need for precision medicine is growing due to enhancements in genomics, targeted treatments, patient-focused care, and drug creation. Precision medicine necessitates a multitude of genetic tests to identify disease-linked genes, compelling labs to process numerous samples quickly and accurately, leading to the deployment of automated systems. For instance, the FDA endorsed 16 new personalized treatments for patients suffering from rare diseases in 2023, compared to six in 2022, as per the Personalized Medicine Coalition, a non-profit organization based in the US, in February 2024. Consequently, the increasing embracement of precision medicine is propelling the growth of lab automation in the genomics market.
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#How Does the ProjectedLab Automation In Genomics Market Growth Compare Over the Forecast Period?
In recent times, there has been significant growth in the size of the lab automation in genomics market. It is forecasted to increase from $2.33 billion in 2024 to $2.7 billion in 2025, with a compound annual growth rate (CAGR) of 16.0%. Factors such as higher demand for precision medicine, more complex genomic data, increased emphasis on genomic research, greater adoption in clinical diagnostics, and desire for scalability and flexibility, account for this growth observed during the historical period.
The genomics lab automation market is projected to undergo significant expansion in the coming years, with an expected value of $4.82 billion in 2029 and a compound annual growth rate (CAGR) of 15.6%. This impressive growth in the future can be credited to various factors such as the broadening of point-of-care testing, the shift to cloud-based solutions, a focus on real-time and continuous monitoring, the expansion of precision agriculture, and the rise of multi-omics integration. Key trends to watch for during this period include the increased use of automated instruments, the adoption of automated lab systems and technologies, and cloud-based platforms.
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What New Market Trends Are Reshaping theLab Automation In Genomics Market and Its Opportunities?
Companies at the forefront of the genomics lab automation market, such as Clear Labs, Inc., are concentrating on creating sophisticated solutions like automated whole genome sequencing (WGS) to make significant strides in genomics research, clinical diagnostics, and personalized medical treatment. In essence, automated WGS utilizes high-capacity, computerized sequencing technologies to sequence an individual’s entire genome. Clear Labs, Inc., for example, introduced Clear Dx in May 2023, a game-changing solution that ensures accurate, consistent preparation and management of genomic libraries through fully automated sample processing. The Clear Dx automation system minimizes human error, ensuring a consistent sequencing process for reliable results. Furthermore, it simplifies genome sequencing by condensing the hands-on time to a mere 30 minutes with one point of contact, making comprehensive genome sequencing accessible even to those with no prior training.
Who Are the Leading Market Players Fueling Growth in the Lab Automation In Genomics Market Trend?
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 the Global Lab Automation In Genomics Market Segemented?
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
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Which Geographics are Influencing the Growth of the Lab Automation In Genomics Market?
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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