Lab Automation Software Market Size (2024 - 2029)

The Lab Automation Software Market is anticipated to experience significant growth, driven by the increasing integration of robotics and automation, which enhances productivity and reduces operational costs. This growth is further supported by advancements in life science applications and the automation of clinical trials, leading to improved efficiency and faster data processing. However, the high costs associated with implementing lab automation modules pose a challenge, particularly for small enterprises, potentially hindering market expansion.

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Market Size of Lab Automation Software Industry

lab automation in proteomics market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 8.15 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Lab Automation Software Market Major Players

*Disclaimer: Major Players sorted in no particular order

Lab Automation Software Market Analysis

The Lab Automation Software Market is expected to grow at a CAGR of 8.15% during the forecast period (2022 to 2027).

  • Automation is used in various life science applications, from proteomics to systems biology. Automating routine laboratory procedures for using dedicated workstations and software to program instruments allows associate scientists and technicians to think creatively about the implications of their experimentation and to design useful follow-up projects or develop alternative approaches to their work instead of spending their days performing tasks with tedious repetition.
  • The integration of robotics and automation is rapidly increasing, owing to enhanced productivity and mitigated laboratory operational costs. It is likely to boost market growth over the forecast period. The progress in understanding and the discovery of the nature of life, including the polymerase chain reaction (PCR), splice genes, and means of sequencing, are on the rise, which may propel the market growth.
  • Additionally, the experts have credited automation as a crucial solution for the rapid increase in the number of clinical trials. With digitalization and automation, scientists were able to automate the whole process, which resulted in fewer contaminations, digital data recording, and faster processing of the data. This reduced the time taken by each trial significantly.
  • Automation plays a key role in helping laboratories maximize efficiency, simplify operations and establish a scalable and sustainable approach to minimize disruption to the services they provide and the patients they serve. However, The impact of the COVID-19 pandemic worsened many of the existing challenges labs face with staffing shortages, improving TAT, and reducing diagnostic testing errors.
  • The cost to set lab automation modules, including software, is on the higher side and discourages small enterprises. This factor is expected to hamper the market growth over the forecast period.

Lab Automation Software Industry Segmentation

Lab automation software automatically detects any faults or defects and notifies the concerned person to take action. Moreover, it helps in maintaining schedules and lab routines, which can be accessed through the software present for various platforms. Some laboratories have established an integrated end-to-end robotics system that requires software to operate and track maintenance.

By Software
Laboratory Information Management System (LIMS)
Laboratory Information System (LIS)
Chromatography Data System (CDS)
Electronic Lab Notebook (ELN)
Scientific Data Management System (SDMS)
By Field of Application
Drug Discovery
Genomics
Proteomics
Clinical Diagnostics
Other Applications
By Geography
North America
Europe
Asia Pacific
Rest of the world
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Lab Automation Software Market Size Summary

The Lab Automation Software Market is experiencing significant growth, driven by the increasing integration of robotics and automation in laboratory settings. This trend is largely attributed to the need for enhanced productivity and reduced operational costs in labs. Automation is becoming essential in various life science applications, allowing scientists to focus on creative and complex tasks rather than repetitive procedures. The market is further propelled by advancements in life sciences, such as PCR and gene sequencing, which require efficient and precise laboratory processes. Additionally, the rise in clinical trials has underscored the importance of automation in minimizing contamination, improving data accuracy, and expediting trial processes. However, the high cost of implementing lab automation systems poses a challenge, particularly for smaller enterprises, potentially hindering market expansion.

The laboratory information management system (LIMS) sector has shown robust growth, driven by the increasing demand for diagnostic testing and the need for regulatory compliance and data security. The shift from legacy systems to modern LIMS solutions, coupled with technological advancements, is fueling market growth. The Asia-Pacific region is emerging as a key growth area due to its expanding pharmaceutical market and investments in research and development. The region's diverse population and cost-effective research capabilities make it an attractive destination for pharmaceutical research. In contrast, North American companies are increasingly partnering with contract research organizations to navigate stringent regulations and reduce costs. The market is characterized by the introduction of innovative solutions, such as Biosero's Green Button Go software, which enhances workflow automation and lab management. Despite the competitive landscape, the market continues to evolve with new technologies aimed at improving laboratory efficiency and throughput.

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Lab Automation Software Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of the COVID-19 Impact on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Software

      1. 2.1.1 Laboratory Information Management System (LIMS)

      2. 2.1.2 Laboratory Information System (LIS)

      3. 2.1.3 Chromatography Data System (CDS)

      4. 2.1.4 Electronic Lab Notebook (ELN)

      5. 2.1.5 Scientific Data Management System (SDMS)

    2. 2.2 By Field of Application

      1. 2.2.1 Drug Discovery

      2. 2.2.2 Genomics

      3. 2.2.3 Proteomics

      4. 2.2.4 Clinical Diagnostics

      5. 2.2.5 Other Applications

    3. 2.3 By Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia Pacific

      4. 2.3.4 Rest of the world

Lab Automation Software Market Size FAQs

The Lab Automation Software Market is projected to register a CAGR of 8.15% during the forecast period (2024-2029)

Thermo Fisher Scientific, Danaher Corporation, Hudson Robotics, Becton Dickinson and Synchron Lab Automation are the major companies operating in the Lab Automation Software Market.

Lab Automation Software System Market Report Snapshots

Lab Automation Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)