The global lab automation market was valued at USD 6.87 billion in 2022 and is forecast to grow at a compound annual growth rate (CAGR) of 6.64% from 2023 to 2030. Laboratory automation refers to the application of specialized technology designed to simplify, streamline, or entirely replace manual handling of processes and equipment within a laboratory setting. The degree and type of automation adopted depend on the specific needs and workflows of the laboratory. A notable trend is the increasing adoption of automated instruments in academic and research institutions, where such technologies help to boost productivity while reducing the time required to perform various labor-intensive tasks.
Furthermore, the rising use of automated instruments in drug discovery and development is expected to fuel the market's growth over the forecast period. For example, in June 2022, Insilico Medicine revealed plans to launch an automated, AI-driven robotics laboratory specifically designed for drug discovery, which is indicative of the growing trend in this sector.
Gather more insights about the market drivers, restrains and growth of the Lab Automation Market
A key driver of market expansion is the numerous advantages offered by laboratory process automation. In clinical laboratories, the shift from manual to automated systems brings a wide range of benefits, such as higher productivity, enhanced safety in the work environment, more reliable and consistent results, and substantial reductions in time, effort, and overall operational costs.
Automation Type Segmentation Insights
The modular automation systems segment led the market in 2022, accounting for the largest revenue share of 51.69%. This segment's dominance is largely due to the flexibility and customization options offered by modular systems, which allow for the integration of different automation components to meet specific lab needs. Additionally, the growing adoption of modular systems across various types of laboratory settings contributes to the expansion of this market segment. These systems are particularly advantageous in labs that require automation tailored to specific processes.
On the other hand, the total automation segment is expected to experience the fastest growth, with a projected CAGR of 7.15% during the forecast period. This growth is driven by the increasing demand for advanced, fully integrated automation systems that can be customized to the specific requirements of different laboratories. Total automation systems are particularly suited for laboratories handling high volumes of samples and those with stringent quality control standards, which further supports the segment’s expansion.
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