Lab Automation In Drug Discovery Industry Valued at $8.4 Billion by 2029 With CAGR of 5.4% | Size and Share Insights
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What Is the Forecast for the Lab Automation In Drug Discovery Market from 2024 to 2025?
The lab automation in drug discovery sector has seen a robust expansion in recent times. The market which was valued at $6.47 billion in 2024, is projected to increase to $6.81 billion in 2025, witnessing a compound annual growth rate (CAGR) of 5.3%. The surge in the earlier period was driven by several factors including the growing complexity of drug discovery, the need for efficiency and cost effectiveness, the increasing demand for high-throughput screening, escalating labor costs and the urgency to speed up drug development timelines.
What Is the Projected Market Size of the Lab Automation In Drug Discovery Market?
The size of the lab automation in drug discovery market is predicted to experience significant growth in the coming years. With an estimated worth of $8.4 billion in 2029 and a compound annual growth rate of 5.4%, the market’s progress during the forecast period is largely credited to the expansion of pharmaceutical companies’ drug pipelines, increasing personalized medicine and precision therapeutics, heightened focus on rare diseases and orphan drugs, and the demand for de-centralized clinical trials and remote-led experiments. Additionally, the rise of microfluidics and lab-on-a-chip technologies also contribute to this growth. Regarding the upcoming trends within the forecast period, they encompass the adoption of flexible and customizable automation solutions, cloud-based platforms as a medium of data management and collaboration, automation’s growth in emerging markets, the surfacing of virtual drug discovery companies which exploit automation and digital technologies, alongside the creation of standardized protocols and systems that are compatible with each other.
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Who are the Major Competitors in the Lab Automation In Drug Discovery Market Outlook?
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
What Is Fueling Growth in the Lab Automation In Drug Discovery Market?
The surge in need for precision medicine is pushing the growth of lab automation in the drug discovery market. Personalized or precision medicine is a method of medical prevention and treatment that considers genetic, environmental, and lifestyle individual differences. Lab automation speeds up research, enhances research repeatability, and increases the efficiency of precision medicine and drug discovery practices, eventually resulting in the production of drugs and diagnostics tailored to individual patients. For example, the Personalized Medicine Coalition (PMC), which is a US-based organization advocating the understanding and implementation of personalized medicine, revealed in October 2022 that over 75,000 genetic testing products and 300 personalized medicines for several types of cancer, rare genetic diseases, and various chronic and infectious diseases would be available in the market. Consequently, the rising demand for precision medicine is stimulating the expansion of lab automation in the drug discovery market.
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Which Lab Automation In Drug Discovery Market Segments Are Growing the Fastest?
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
Which Industry Trends Are Shaping the Future of the Lab Automation In Drug Discovery Market?
Key organizations in the drug discovery lab automation market are increasing their emphasis on innovation, particularly the creation of advanced solutions like fast idea-to-data solutions, as a strategy to maintain a competitive advantage. Rapid idea-to-data solutions equate to efficient processes or platforms enabling the speedy conversion of individual or collective ideas into practical insights or data-informed results. An example of this was seen in April 2022 when Strateos Inc., a biotech company based in the US, introduced a quick idea-to-data solution for small molecule discovery integrated into its cloud lab automation platform as a service. This lab automation tool is tailored specifically for small-molecule discovery within drug development. This flexible, on-demand Strateos Cloud Lab Automation-as-a-Service Platform is equipped with a connected robotic automation system with 23 workcells and hundreds of devices. The platform aids in accelerating early lead generation through optimization, facilitated by a software framework enabling automated assembly and testing of user-designed compounds in the cloud through various methods like cell-based, biochemical, and SAR assessments.
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Which Countries Are Leading the Lab Automation In Drug Discovery 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.
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This Report Delivers Insight On:
1. How big is the lab automation in drug discovery market, and how is it changing globally?
2. Who are the major companies in the lab automation in drug discovery market, and how are they performing?
3. What are the key opportunities and risks in the lab automation in drug discovery market right now?
4. Which products or customer segments are growing the most in the lab automation in drug discovery market?
5. What factors are helping or slowing down the growth of the lab automation in drug discovery market?
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