Benchtop Automation Market
Number of pages: 100 | Report Format: PDF | Published date: April 04, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 1.32 billion |
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Revenue Forecast in 2031 |
US$ 2.11 billion |
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CAGR |
5.4% |
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Base Year For Estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Product Type, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global benchtop automation market was valued at US$ 1.32 billion in 2022 and is expected to register a revenue CAGR of 5.4% to reach US$ 2.11 billion by 2031.
Benchtop Automation Market Fundamentals
Benchtop automation refers to using automated systems or machines on a laboratory bench or work surface to perform various tasks such as liquid handling, sample preparation, and analysis. Benchtop automation can increase efficiency, reduce errors, and increase throughput in a laboratory setting. Common examples of benchtop automation systems include robotic arms, liquid handling systems, and plate readers. These systems can be programmed to perform tasks such as dispensing precise volumes of liquids, mixing samples, and reading the results of experiments. Benchtop automation systems can also be integrated with other laboratory equipment and software to create a fully automated workflow. The market for benchtop automation is driven by the increasing demand for high-throughput screening, the need for improving laboratory efficiency and productivity, and the rising focus on drug discovery and development. Key players in the benchtop automation market include Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, PerkinElmer, and Tecan Group. Benchtop automation has become increasingly popular in the life sciences industry, where it is used for various applications such as drug discovery, genomics, and proteomics research. Benchtop automation has enabled researchers to process larger quantities of samples in less time and with greater accuracy, ultimately accelerating scientific progress.
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Benchtop Automation Market Dynamics
The global benchtop automation market revenue is expected to grow significantly in the coming years, driven by several key factors. As the demand for high-throughput screening continues to grow in industries such as pharmaceuticals, biotechnology, and academic research, there is an increasing need for benchtop automation solutions to improve efficiency and accuracy. Advances in automation technology, such as robotic arms and advanced software development, have made benchtop automation more efficient, accurate, and user-friendly. This has led to increased adoption of benchtop automation in various industries. Benchtop automation reduces labor costs and increases productivity, making it a viable solution for businesses looking to improve their bottom line. Benchtop automation technologies are becoming more crucial as the emphasis on customized medicine increases to help researchers analyze enormous amounts of patient data accurately and rapidly. It is expected that the demand for high-throughput screening and personalized treatment will continue to rise and that benchtop automation will become more efficient and cost-effective due to technical improvements.
However, the global benchtop automation market, which involves using robotics and other automated systems for laboratory research and analysis, faces several challenges. Benchtop automation systems can be expensive, which may prevent smaller research labs and institutions from using them. The lack of technology expertise worries about their jobs' future, and changes in work procedures may prevent researchers from implementing benchtop automation systems, impeding the market revenue share.
Benchtop Automation Market Ecosystem
The global benchtop automation market has been analyzed from three perspectives: product type, end user, and region.
Benchtop Automation Market by Product Type
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Based on product type, the global benchtop automation market is segmented into sample storage and handling equipment, automated liquid handling and dispensing equipment, laboratory robotics system, and laboratory automation system accessories.
The automated liquid handling and dispensing equipment segment account for a significant revenue share in the global benchtop automation market. In laboratories, automated liquid handling and dispensing equipment are used to properly measure and transport liquid samples. One advantage of adopting automated liquid handling and dispensing technology is the ability to speed up and improve the accuracy of liquid handling jobs. As they do not require manual pipetting, which can result in human error, they can also lessen the danger of contamination. For activities like dilution series, plate replication, and serial dilution, automated liquid handling and dispensing equipment can be set to dispense a given volume of liquid at a specific spot. This equipment can accomplish even more complex liquid handling tasks, such as transporting liquids between various container types and combining multiple liquids. The ability to conduct liquid handling activities with greater accuracy, precision, and efficiency has made automated liquid handling and dispensing technology an indispensable tool in modern laboratories.
The sample storage and material handling systems segment are expected to register a high revenue CAGR in the benchtop automation market. The global consumption of pharmaceuticals is rising in terms of money spent and the number of drugs taken. The rising prevalence of chronic diseases and the aging population contribute to this demand. The need for sample storage and material handling systems is ultimately driven by the increasing demand for medications and the consequent need for the pharmaceutical sector to embrace new practices, technologies, and equipment.
Benchtop Automation Market by End User
Based on end users, the global benchtop automation market is segmented into hospitals and diagnostic laboratories, biotechnology & pharmaceutical companies, and research & academic institutes.
The diagnostic laboratories segment has a significant global benchtop automation market revenue share. Diagnostic labs are under strain and struggle to keep up with the rising test demand, an aging population, and a high employee turnover rate. Nevertheless, several technologies—particularly those that automate laboratory workflow—have been created to solve these issues. Automation has the potential to completely change the way labs operate since it offers a few significant advantages, from improved outcomes to increased scalability. Automation equipment in a clinical laboratory lets lab staff conduct many of the procedures necessary for diagnostic testing with little assistance. Also, it lessens the errors brought on by individuals performing repetitive activities.
Benchtop Automation Market by Region
Based on region, the global benchtop automation market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounts for the largest global benchtop automation market revenue share. The benchtop automation market in North America refers to the market for laboratory automation equipment designed to fit on a benchtop or desktop. This market includes various products, such as liquid handling systems, microplate readers, thermal cyclers, etc. North America is a major market for benchtop automation equipment, with the United States and Canada being the largest contributors. The revenue growth of the global market is attributed to factors such as increasing investment in R&D activities, rising demand for personalized medicine, and the need for high-throughput screening. Some key players in North America's benchtop automation market include Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, PerkinElmer, and Tecan Group. These companies continuously focus on product innovation and development to stay ahead.
Europe accounts for the second-largest global benchtop automation market revenue share. The benchtop automation market in Europe refers to the need for automated laboratory equipment that is small enough to fit on a benchtop or tabletop. This market includes a wide range of equipment, such as liquid handling systems, microplate readers, and robotic workstations used in various laboratory applications, such as drug discovery, genomics, proteomics, and cell analysis. The market's revenue growth is driven by increasing demand for high-throughput screening, emphasis on data precision and accuracy, and adoption of automated solutions in various applications.
The benchtop automation market in the Asia Pacific region is experiencing significant revenue growth due to the increasing adoption of automation solutions in various industries, such as pharmaceuticals, biotechnology, and healthcare. The need for cost-effective and efficient processes, increased accuracy, and reduced errors drive the demand for benchtop automation. The increasing investment in research and development activities by government and private organizations also contributes to the revenue growth of the benchtop automation market in the Asia Pacific region. In addition, the growing demand for personalized medicine and the need to improve the quality of healthcare services are driving the adoption of benchtop automation in the region. Countries such as China, Japan, and South Korea are major contributors to the growth of the benchtop automation market in Asia Pacific. These countries' growing pharmaceutical and biotechnology industries drive the demand for benchtop automation solutions. Furthermore, the increasing focus on precision medicine and personalized healthcare is expected to drive the revenue growth of the benchtop automation market in the Asia Pacific region. Adopting advanced technologies such as robotics, artificial intelligence, and machine learning is expected to further revenue growth of the benchtop automation market in the area.
Competitive Landscape of Benchtop Automation Market
The prominent players operating in the global benchtop automation market are:
Strategic Developments in Benchtop Automation Market
The global benchtop automation market is expected to grow at a revenue CAGR of 5.4% during the forecast period.
Thermo Fisher Scientific Corporation, Danaher Corporation, Agilent Technologies, PerkinElmer Inc., and Qiagen N.V. are key global benchtop automation players.
The automated liquid handling and dispensing equipment segment account for the largest global benchtop automation market revenue share.
Europe accounts for the second-largest global benchtop automation market revenue share.
Operating and maintaining benchtop automation systems often requires technical expertise that may not be readily available within some research labs and institutions. This can be one of the challenges in the global benchtop automation market.
*Insights on financial performance are subject to the availability of information in the public domain