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The global lab robotics market exceeded US$ 186 million in 2022 and is expected to rise at a healthy CAGR of roughly 6.8% between 2022 and 2032, totaling approximately US$ 300 million by 2032. The increased popularity of robotics technology and the increasing integration of automation across the pharmaceutical and biopharmaceutical industries, research laboratories, and clinical laboratories are driving growth.
As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global Lab Robotics market is projected to witness robust growth during the forecast year 2022 to 2032. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the Lab Robotics market.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Lab Robotics Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Lab Robotics market.
Key Lab Robotics Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Lab Robotics market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Lab Robotics Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Lab Robotics market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Lab Robotics Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Lab Robotics market. As per the survey, Lab Robotics sales will project steady growth over the forecast period.
- Lab Robotics Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Lab Robotics market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Lab Robotics Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Lab Robotics market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Lab Robotics market.
Some of the prominent market players are profiled by FMI are:
- AB Controls
- Thermo Fisher Scientific
- Aurora Biomed
- Tecan Group
- Peak Analysis & Automation
- Yaskawa Electric
- Chemspeed Technologies
- ALS Automated Lab Solutions
- Hudson Robotics
- Universal Robots
- ST Robotics
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Key Segments Profiled in the Lab Robotics Industry Survey
By End User:
- Pharmaceutical Industry
- Life Science Industry
- Biopharmaceutical Industry
- Research Laboratories
- Clinical Laboratories
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
