Automated Sample Storage Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automated Sample Storage Systems Market Analysis
The Automated Sample Storage Systems Market is expected to register a CAGR of 12.0% over the forecast period (2022-2027).
COVID-19 has impacted the severely world and so had an impact on the automated sample storage systems market. The increasing incidence of COVID-19 cases leads to an increase in mass sample testing thereby, increasing the storage of samples. All types of laboratories need sample storage, irrespective of the type of sample being stored namely chemical or biological. Conventional freezers generally take up a large amount of highly valuable lab space, and present issues in ensuring sample quality, therefore automated sample storage is used to store the samples. The biological specimens of blood, saliva, urine, and others are collected for various purposes from patients and normal individuals for monitoring and conducting basic, clinical, and epidemiological research studies. On the other hand, compound storage refers to the storage of chemical libraries as well as bios samples that are used for clinical research and drug discovery purposes. The shift toward automation is leading to the growing prominence of automated biological sample storage systems. Automated freezer systems have enabled convenient storage as well as retrieval of samples.
With the increase in research and development activities and biobanking sectors, the market is expected to show significant growth over the forecast period. However, the requirement for consecutive electricity and high installation and maintenance costs may slow down the growth of the market. In recent years with advancements and the introduction of new drug molecules in the pharmaceutical market have led to an increase in R&D activities. Also, after the COVID-19 pandemic, many governments have initiated funding for pharmaceutical companies for the testing of new drug molecules to overcome the spread of this virus. For instance, the 2021 Thermo Fisher Scientific Inc. annual report, reported that the company's research and development expenses in 2021, were USD 1,406 million as compared to USD 1,181 million in 2020. The company's R&D expenses increased by 19% over a year. For another instance, in 2021, Agilent Technologies' annual report, reported that the company's R&D expenses were USD 246 million in 2021 as compared to USD 219 million in 2020. Thus, an increase in R&D expenses is driving the growth of this market. High investments in the R&D of advanced therapies, such as regenerative medicine, personalized medicine, and cancer genomic studies, are driving the growth of biobank sectors. Moreover, the onset of COVID-19 has put biobanks at the forefront of the pandemic control measures, resulting in the growth of the market.
Thus, due to the above-mentioned factors, the market is expected to show significant growth over the forecast period. However, the requirement for consecutive electricity and high installation and maintenance costs may slow down the growth of the market over the studied period.
Automated Sample Storage Systems Market Trends
This section covers the major market trends shaping the Automated Sample Storage Systems Market according to our research experts:
The Automated Compound Storage Systems Segment to Witness Significant Growth over the Forecast Period (2022-2027)
The automated storage solutions provide efficiencies in drug discovery workflows to eliminate the time-consuming hassle of manual reagent and compound management and the risk of mishandling or other errors. Technology and advancement are rapidly driving this segment. To meet the needs of the increasingly rapid and parallelized lead optimization process, a fully integrated local compound storage and liquid handling system were designed and implemented to automate the generation of assay-ready plates directly from newly submitted and cherry-picked compounds. A key feature of the system is the ability to create project- or assay-specific compound-handling methods, which provide flexibility for any combination of plate types, layouts, and plate bar codes. The adaptable and integrated combination of software and hardware provides a basis for reducing cycle time, fully automating compound processing, and ultimately increasing the rate at which accurate, biologically relevant results can be produced for compounds of interest in the lead optimization process.
Pharma and biotech laboratories performing high-throughput screening, high-content screening, and molecular cell biology are now benefiting from a series of new automated incubators and storage solutions that offer a large capacity, fast access, and wide temperature range while helping eliminate contamination issues in high-throughput environments. For instance, in 2021 Thermo Fisher Scientific Inc. introduced Cytomat 24 automated incubators and storage systems that bought the latest incubation technology to large capacity microplate incubation applications, with excellent temperature uniformity and stability that ensure reproducibility for cell culture applications. The system provides speedy delivery of microtiter plates through an advanced plate shuttle system to meet the needs of high-throughput laboratories and accelerate research.
Therefore, the automated compound storage systems segment is expected to witness significant growth over the forecast period due to the above-mentioned factors.
North America to Dominate the Automated Sample Storage Systems Market over the Forecast Period (2022-2027)
North America is expected to dominate the market owing to factors such as the easy availability of technologically advanced products, well-established healthcare infrastructure, and a strong network of suppliers.
The presence of various leading global biobanks and research institutions is fostering growth for the automated sample storage market in North America. Ongoing research and development initiatives are fueling demand for the novel systems. Moreover, the advancements in the pharmaceutical sector are fueling the demand for advanced technologies in the region. A significant increase in the number of biobanks as well as contract research organizations is opening new avenues of growth for market participants. All these factors are together boosting the growth of this market in the North American region.
The rapid growth of e-commerce is driving the demand for automated warehouses in the region and steadily increasing labor costs are another contributing factor. Along with this increasing number of biotechnology and pharmaceutical companies, private biobanks, and academic research laboratories are some of the major users of automated sample storage systems. For instance, in March 2022 an article titled, "Biobanking Concepts Specific for Developing Countries" reported that the highest density of biobanks is reported in the North American region. The key mission of biobanks is to ensure that all activities and materials are managed according to standardized procedures and best practices to ensure and preserve sample integrity. When handling large numbers of biospecimens automation of sample handling and storage is often the method of choice to maintain and improve sample integrity. Thus, increasing biobanks reported in the region are leading to increasing storage of sample storage, thereby driving the market in the region.
Thus, due to the aforesaid mentioned reasons the automated sample storage systems market is expected to witness significant growth in the region.
Automated Sample Storage Systems Industry Overview
The automated sample storage systems market is consolidated in nature due to the presence of fewer companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known as Brooks Automation, TTP LabTech, Thermo Fisher Scientific Inc., Hamilton Company, Angelantoni Life Science, Panasonic Healthcare, Biotron Healthcare, Haier BioMedical, ASKION GmbH, LiCONiC AG, and Tsubakimoto Chain.
Automated Sample Storage Systems Market Leaders
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Brooks Automation
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Thermo Fisher Scientific
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TTP LabTech
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Hamilton Company
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ASKION GmbH
*Disclaimer: Major Players sorted in no particular order
Automated Sample Storage Systems Market News
- In April 2021, Brooks Automation, Inc. announced the acquisition of Precise Automation, Inc. Precise Automation's proprietary technology has enabled human-robot workflows in a safe and easy-to-use manner, automating processes. Precise Automation's products can be used in a variety of end markets including laboratory automation.
- In February 2022, Hamilton launched the new Verso Q50 and Verso Q75 Automated Sample Storage Systems that offer compact, walkaway sample storage and access to decrease manual labor and increase overall laboratory efficiency. Verso Q50 and Verso Q75 are equipped with redundant refrigeration to enhance sample safety in this class of storage systems. The new models offer up to 4 times more capacity and facilitate direct installation.
Automated Sample Storage Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Research Activities in Biopharmaceutical Industry and Bio Banking Sectors
- 4.2.2 Reduced Labor Cost
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4.3 Market Restraints
- 4.3.1 The Requirement for Consecutive Electricity
- 4.3.2 High Installation and Maintenance Cost
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Products
- 5.1.1 Automated Compound Storage Systems
- 5.1.2 Automated Liquid Handling Systems
- 5.1.3 Other Products
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5.2 Sample Type
- 5.2.1 Biological Samples
- 5.2.2 Chemical Compounds
- 5.2.3 Other Sample Types
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5.3 End-Users
- 5.3.1 Pharmaceutical and Biotech Companies
- 5.3.2 Chemical Industries
- 5.3.3 Private Biobanks
- 5.3.4 Other End-Users
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United states
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Brooks Automation
- 6.1.2 TTP LabTech
- 6.1.3 Thermo Fisher Scientific Inc.
- 6.1.4 Hamilton Company
- 6.1.5 Angelantoni Life Science
- 6.1.6 Panasonic Healthcare
- 6.1.7 Biotron Healthcare
- 6.1.8 Haier BioMedical
- 6.1.9 ASKION GmbH
- 6.1.10 LiCONiC AG
- 6.1.11 Tsubakimoto Chain
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAutomated Sample Storage Systems Industry Segmentation
As per the scope of the report, automated sample storage systems are computer-controlled storage devices for the preservation of samples widely used in chemical, seed storage and management, medical material management, and life science domains. The automated sample storage systems market is segmented by Product Type (Automated Compound Storage Systems, Automated Liquid Handling Systems, and Other Products), Sample Type (Biological Samples, Chemical Compounds, and Other Sample Types), End-Users (Pharmaceutical and Biotech Companies, Chemical Industries, Private Biobanks, and Other End-Users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| Products | Automated Compound Storage Systems | |
| Automated Liquid Handling Systems | ||
| Other Products | ||
| Sample Type | Biological Samples | |
| Chemical Compounds | ||
| Other Sample Types | ||
| End-Users | Pharmaceutical and Biotech Companies | |
| Chemical Industries | ||
| Private Biobanks | ||
| Other End-Users | ||
| Geography | North America | United states |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Automated Sample Storage Systems Market Research FAQs
What is the current Global Automated Sample Storage Systems Market size?
The Global Automated Sample Storage Systems Market is projected to register a CAGR of greater than 12% during the forecast period (2024-2029)
Who are the key players in Global Automated Sample Storage Systems Market?
Brooks Automation, Thermo Fisher Scientific, TTP LabTech, Hamilton Company and ASKION GmbH are the major companies operating in the Global Automated Sample Storage Systems Market.
Which is the fastest growing region in Global Automated Sample Storage Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Automated Sample Storage Systems Market?
In 2024, the North America accounts for the largest market share in Global Automated Sample Storage Systems Market.
What years does this Global Automated Sample Storage Systems Market cover?
The report covers the Global Automated Sample Storage Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Automated Sample Storage Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Automated Sample Storage Systems Industry Report
Statistics for the 2024 Global Automated Sample Storage Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Automated Sample Storage Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
