Laboratory Robotics Market Size (2024 - 2029)

Laboratory Robotics Market Analysis

The Laboratory Robotics Market was valued at USD 185.80 million in 2020 and is expected to reach USD 274.49 million by 2026, at a CAGR of 6.72% over the forecast period 2021 - 2026. By delegating repetitive applications to robots, they provide consistency in sample preparation and testing, which increases the efficiency of the test. This advantage of robots is driving the market studied.

• Laboratory robotics can be broadly defined as using robotics technology to conduct a scientific study and research experiments in a safe environment without the interference of human hands.
• The increasing need to ensure the safety of manual workers and the adoption of stringent regulatory protocols in laboratories have initiated the businesses to adopt robotic technologies for critical process applications.
• Robotics has revolutionized mankind to a greater extent. The reason can be that once the robots are programmed to do a certain task, they continue to do the assigned job at a stretch. They do not get tired or worn out, unlike humans.
• Moreover, robots maintain accuracy and precision and are highly efficient. These factors are driving the adoption of robotics in laboratories across the world.
• The high costs associated with the robotic equipment and also the low priority of automation in small to medium-sized labs are restraining the growth of the market studied.

Laboratory Robotics Industry Segmentation

Laboratory robotics is the practice of using robots to perform or assist in various types of laboratory tasks, such as pick/place the sample and the solid additions. They can also heat/cool, mix, shake, and test the samples. While the laboratory robots have found their application in various industries and sciences, the pharmaceutical companies have been using them more than any other industry.