Total Lab Automation Market projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.5% during the forecast period of 2023-2030 - says MarketDigits in its latest study
The Global Total Lab Automation Market was valued USD 5.2 Billion in 2023 and projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.5% during the forecast period of 2023-2030
Richmond, Jan. 03, 2024 (GLOBE NEWSWIRE) -- According to a research report *"**Total Lab Automation Market”*,* by* *Type (Software, Equipment), Application (On-premise, Cloud), End User (Pharmaceutical Companies, Hospitals and Diagnostic Centers, Educational Institutions, Contract Research Organizations (CROs), Research Institutes), Application (Proteomics, Protein Engineering, Genomics, Drug Discovery, Clinical Diagnostics, Bio-analysis, Analytical Chemistry) and Region - Global Forecast to 2030.*
*Global Total Lab Automation Market* *Report Scope:*
*Report* *Details*
*Market size value in 2023* *USD 5.2 Billion*
*Market size value in 2030* *USD 8.1 Billion*
*CAGR (2023-2030)* *6.5%*
*Forecast Period* *2023–2030*
*Historic Data* *2019*
*Forecast Units* *Value (USD Million/USD Billion)*
*Segments Covered* *Type**, **Application**, End User and Region*
*Geographies Covered* *North America, Europe, Asia Pacific, and RoW*
* * · *Thermo Fisher Scientific Inc, , , *
· *Siemens Healthineers AG*
*Sample of Companies Covered * · *Agilent Technologies, Inc.*
· *PerkinElmer, Inc*
· *Roche Diagnostics*
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*TOC Covers in Depth & Breath on **Total Lab Automation Market*
*170 - Market Data Tables *
*65 - List of Figures*
*225 – Pages*
*The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Equipment, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits*. *View detailed Table of Content here* -
*Market Overview*
The global Total Lab Automation market has emerged as a key factor in revolutionizing various industries by offering innovative solutions to long-standing challenges. The total lab automation is based on the increasing demand for streamlined and efficient laboratory processes across various industries. This market revolves around the adoption of automated systems and technologies to perform tasks traditionally carried out by humans in laboratories.
The Total Laboratory automated (TLA) is used in the laboratory to carry out extremely repetitive activities. Robotic equipment generally takes the place of human operators in the preparation and transportation of specimens. Also the automation in the laboratory allows fewer people to handle the control of several distinct analytical instruments which in turn reduces the price of laboratory testing.
With the huge database it might be able to forecast cancer. The recent release of a new cancer protein profile database assembled using artificial intelligence (AI) and machine learning has given cancer prediction medicine a boost. The proteome signature in cancer patient blood is mapped for the first time with the help of the recently released open-access Disease Blood Atlas.
Also The Human Protein Atlas consortium2, housed within SciLifeLab, a collaborative research center comprising KTH Royal Institute of Technology, Uppsala University, Karolinska Institutet, and Stockholm University, all in Sweden, has created a new database that showcases 1,463 proteins linked to 12 distinct cancer types. Additionally, the database presents proteins that can be utilized to distinguish between distinct cancer types based on a drop of blood.
Additionally the information compiled by The Disease Blood Atlas is able to measure the minute amounts of blood plasma at the time of diagnosis and before the treatment. This blood samples have undergone a statistical analysis of the gene expressions and machine learning based disease predictions.
*Major Vendors in the Global Total Lab Automation Market:*
· Thermo Fisher Scientific Inc.
· Siemens Healthineers AG
· Agilent Technologies, Inc.
· PerkinElmer, Inc.
· Beckman Coulter, Inc. (Danaher Corporation)
· Roche Diagnostics
· Abbott Laboratories
· Hamilton Company
· Bio-Rad Laboratories, Inc.
· Hudson Robotics Inc
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*Advancements in Total Lab Automation*
The recent release of a new cancer protein profile database assembled using artificial intelligence (AI) and machine learning has given cancer prediction medicine a boost. The proteome signature in cancer patient blood is mapped for the first time with the help of the recently released open-access Disease Blood Atlas.
The Human Protein Atlas consortium2, housed within SciLifeLab, a collaborative research center comprising KTH Royal Institute of Technology, Uppsala University, Karolinska Institutet, and Stockholm University, all in Sweden, has created a new database that showcases 1,463 proteins linked to 12 distinct cancer types. Additionally, the database presents proteins that can be utilized to distinguish between distinct cancer types based on a drop of blood.
*Market Dynamics*
*Drivers:*
· Cost Savings.
· Data Management
· High Throughput Screening
· Lab automation helps in reducing operational costs by optimizing resource utilization.
· Performing of tedious task like chromatography and filtration faster and more consistently than manual methods.
*Opportunities:*
· The growing interest in personalized medicine, tailored to individual patient profiles, creates opportunities for lab automation
· Lab automation presents growth prospects in environmental testing, helping to analyze and monitor air, water, and soil quality.
· Streamlining workflows in pathology through automation can improve the productivity of clinical and molecular pathology laboratories by handling tasks including sample preparation, staining, and imaging.
· Quality assurance and control in pharmaceutical manufacture, lab automation is essential. Pharmaceutical items are consistently of a high quality thanks to the standardization of production processes facilitated by automated technologies.
· The integration of emerging technologies, such as artificial intelligence and robotics, into lab automation systems opens up new growth opportunities.
*Rising Demand for Total Lab Automations in Protein Engineering*
The increasing adoption of Total Lab Automations assist in S Protein design and library creation applications is a significant driver for the market's growth. The Automated DNA synthesis and manipulation can be easily done with the same. Moreover robots can precisely and efficiently assemble complex genes for the desired protein variants accurately. Additionally TLA platforms can perform multiple protein expression and assay cycles in parallel, rapidly identifying optimal protein variations. Moreover with the addition of robots the tedious tasks such as chromatography and filtration can be done more consistently and precisely using manual methods.
Protein expression and purification: Automated growth and fermentation: TLA systems can manage multiple bioreactors and control growth conditions with precision, optimizing protein production.
*North America dominates the market for Total Lab Automation.*
North America dominates the global total lab automation market specifically United States, emerging as the dominating region in the global Total Lab Automation market. The region's dominance can be attributed to the presence of key market players, robust research and development activities, and favorable regulatory frameworks that encourage the testing and Application of Total Lab Automation technologies. Moreover U.S. being home to the several advanced manufacturers along with the established infrastructure has led towards the growth and development in the region. Also The U.S., with the established infrastructure, supportive policies and conducive environment for technological innovation, leads in the adoption of Total Lab Automation solutions across diverse sectors.
Asia-Pacific, exhibits high growth potential in the Total Lab Automation market due to the advancements in healthcare facilities along with the favorable healthcare policies and support from the government in the region. Moreover the region is home to about 60% of the global population and India and China being the two most populated countries. Also the market is mostly driven by the region's growing number of medical centers with cutting-edge laboratories and better healthcare facilities. In addition, modular laboratories have become popular due to the technological advancement in the biomedical and pharmaceutical fields, providing a dependable and affordable alternative. Additionally, in an effort to lower input costs and speed up tests in automated laboratories, the governments in the region's are funding R&D projects.
*The Application Segment is anticipated to hold the Largest Market Share during the Forecast Period*
In the global Total Lab Automation market in, the Application segment is categorized into Proteomics , Protein Engineering ,Genomics ,Drug Discovery ,Clinical Diagnostics ,Bio-analysis and Analytical Chemistry. The protein engineering held the largest market share. With this method the robots can separate the proteins from different cellular ingredients using filters and strainers. Additionally they can use their blueprints (DNA) to precisely create different versions of proteins, like adding or swapping ingredients to change their properties. This increases the discovery of new proteins for drugs, therapies, and materials. Also the handling of hazardous and infectious substances has become convenient for lab workers and professionals.
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