The anticipated size of the automated sample storage systems market in 2022 was US$ 1004.7 million and is estimated to be US$ 1100 million in 2023 exhibiting a CAGR of 11.6%. Automated sample storage systems consist of various factors like benefits performed by appropriateness through laboratories, and quantity of managing huge volumes of fragments are projected for expanding and supporting the market.
Fundamental benefits of automated systems are high efficiency, enhanced sample security, improved sample integrity, and reduction in technician costs. Moreover, an increase in research and development activities and investments made by pharmaceutical companies, and improvements in robotics and automation technologies are other factors expediting market growth ahead.
Future Market Insights has mentioned in its reports that the automated sample storage systems market is projected to expand at a CAGR of 11.6% between 2023 and 2033, totaling around US$ 3298.7 million by 2033.
| Attribute | Details |
|---|---|
| Projected Forecast Value (2022) | US$ 1004.7 million |
| Projected Forecast Value (2023) | US$ 1100 million |
| Projected Forecast Value (2033) | US$ 3298.7 million |
| Growth rate | 11.6% CAGR |
| Forecast period | 2023 to 2033 |
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The global automated sample storage systems market grew at a CAGR of 9.4% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 11.6% between 2023 and 2033.
The increasing number of research and development actions in the life science and pharmaceutical industries is expected to benefit the market during the forecast period. Benefits like cost-effectiveness on the ground of reduced labor expenses and an improvising security environment are other factors augmenting the market size in the forecast period. Moreover, sample storage systems are relatively simple and small storage operating devices, which can significantly boost their demand in the market during the forecast period.
Growing initiatives by players to launch novel products are anticipated to widen the market size in the forecast period. For example, in February 2022, Hamilton Storage expanded the Verso Q-Series Automated Sample Storage Systems. New Verso Q50 and Verso Q75 Automated Sample Systems are likely to offer compact walkaway sample storage, and access to decrease manual labor and enhance overall laboratory efficiency. Further, these factors are expected to drive market growth during the forecast period.
Growth in Research and Development
The global automated sample storage systems market is expected to be notably driven by the growing research and development activities across sectors such as the biotechnology sector and pharmaceutical. Moreover, benefits offered by automated sample storage systems like complete control over environmental conditions, reduced labor cost, a better workplace, and real-time traceability are other vital factors driving the market in the forecast period.
The launch of new products is anticipated to widen the market size in the forecast period. For instance, in November 2018, Oxford Instruments announced the launch of their new sample automation system MQ-Auto, which is specifically designed for the MQC+ range of benchtop NMR analyzers where this system boosts productivity and can be used without any experts. Such factors are expected to benefit the market during the forecast period.
Principal Consultant
High Expenses Involved in Training of Personnel
High costs associated with automated sample storage systems are expected to hamper the market growth during the forecast period. Also, the demand for continuous electric supply and expenses involved in the training of personnel are other factors hindering the market growth in the forthcoming period.
The ongoing development and launch of new products in the market are projected to act as a significant counter to the market in the forecast period. For instance, in February 2018, Brooks Automation, Inc. announced the launch of the FluidX AcoustiX Sample tube for enhanced efficiency and optimization of high-throughput compound management, developed in a strategic collaboration with Labcyte, Inc, and AstraZeneca. Owing to such factors, the market is anticipated to develop in the forecast period.
The Presence of Giant Players in the United States Market is Raising the Demand in the Global Automated Sample Storage Systems Market
The global automated sample storage systems market is anticipated to be dominated by North America where the region secured 42.1% of the global market share in 2022.
The United States of America is anticipated to make a significant contribution to developing the market holding a key part of the market share consisting of 37.8%. Moreover, the domination of the market can be attributed to the presence of giant players making a notable contribution to developing the regional market. For instance, in May 2017, Brooks Automation, Inc. announced the launch of BioStore IIIv, the industry’s first 80-degree LN2 Automated Storage System for storing biological samples.
Increasing efforts to expand players’ reach is another factor that can propel market growth in the forecast period. For instance, in February 2021, Hamilton Storage announced that Hamilton BioOS ® automated sample storage system will be installed as a part of a shared biorepository for storing biological material at Emory University’s new Woodruff Health Sciences Center Health Sciences Research Building (HSRB)-II. Such initiatives are expected to benefit the regional market during the forecast period.
Rise in the Number of Biobanks and Contract Research Organisations
The market in Europe is expected to be the second most flourishing, across the globe. The region procured about 34.2% of the global market share in 2022. The United Kingdom is anticipated to make the dominant position and its contribution to developing the market in the forthcoming period is said to expand at a CAGR of 10.1%.
The growth of the regional market can be attributed to ongoing research and development. Further, the increasing number of biobanks, as well as contract research organizations, are expected to offer growth opportunities in the forecast period. Owing to such factors, the market in Europe is anticipated to develop significantly in the coming time.
Government-led Research and Development Initiatives are Taken
Germany’s automated sample storage systems market accounted for a growth share at a CAGR of 10.6% in 2022. The dominant position of Germany in the market can be characterized due to the availability of key market players and important government-led research and development initiatives in this market region.
The Presence of Developed and Advanced Technologies
Japan itself is one of the most developed nations and has its presence for various developed and advanced technologies that might help in the robust demand of the automated sample storage systems market thus witnessing a market share of 2.4%
Costs for Automated Sample Storage Systems in India’s Market are Reasonable
The automated sample storage systems market in India is considered to be a great choice as the cost of such storage system parts are feasible in India and people can easily repair them whenever a problem is arising, thus raising and dominating the market at a CAGR of 16.6%
Economic Growth Helps China to Hold a Leading Position in the Market
Growth in the economy for the automated sample storage systems market has led to enormous growth in China market holding a leading position at a CAGR of 17.6%
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Biopharmaceutical Industries are Said to Dominate the Market
Biopharmaceutical companies accounted for the most dominant market share for automated sample storage systems due to the rise in demand for compound storage in drug discovery applications having a value of market share of 47.90%.
System Unit is Said to Grow in the Market
The system unit segment dominates the global automated sample storage systems market, accounting for the significant growth in the market share during the forecast period owing to the rise in demand and approval of automated sample storage systems globally holding a market share of 67.30%.
Competitive Analysis
Some of the prominent players working in the global market are:
Some of the Important Developments of the Key Players in the Market
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 11.6% from 2023 to 2033 |
| Market value in 2023 | US$ 1100 million |
| Market value in 2033 | US$ 3298.7 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | US$ million for Value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customisation Scope | Available on Request |
The market is slated to reach US$ 3298.7 million by 2023.
The market is anticipated to reach 11.6% CAGR by 2033.
Historically, the market advanced at a CAGR of 9.4%.
High costs may restrict the growth of the market.
Research and development activities and investments to influence market growth.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.3.1. System Unit
5.3.2. Reagents and Consumables
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-User, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-User, 2023 to 2033
6.3.1. Hospitals
6.3.2. Diagnostic Labs
6.3.3. Chemical Industries
6.3.4. Biopharmaceutical Industries
6.3.5. Research Laboratories
6.4. Y-o-Y Growth Trend Analysis By End-User, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End-User, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By End-User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By End-User
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By End-User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By End-User
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By End-User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By End-User
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By End-User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By End-User
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By End-User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By End-User
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By End-User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By End-User
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By End-User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By End-User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Type
15.1.2.2. By End-User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Type
15.2.2.2. By End-User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Type
15.3.2.2. By End-User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Type
15.4.2.2. By End-User
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Type
15.5.2.2. By End-User
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Type
15.6.2.2. By End-User
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Type
15.7.2.2. By End-User
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Type
15.8.2.2. By End-User
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Type
15.9.2.2. By End-User
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Type
15.10.2.2. By End-User
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Type
15.11.2.2. By End-User
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Type
15.12.2.2. By End-User
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Type
15.13.2.2. By End-User
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Type
15.14.2.2. By End-User
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Type
15.15.2.2. By End-User
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Type
15.16.2.2. By End-User
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Type
15.17.2.2. By End-User
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Type
15.18.2.2. By End-User
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Type
15.19.2.2. By End-User
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Type
15.20.2.2. By End-User
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Type
15.21.2.2. By End-User
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Type
15.22.2.2. By End-User
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Type
15.23.2.2. By End-User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By End-User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Hamilton Company
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Exact Sciences
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Thermo Fisher Scientific
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Brooks Automation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. TTP Labtech
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Swisslog
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Angelantoni Life Science
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Panasonic Healthcare
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Haier Biomedical
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Liconic AG
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Automated Sample Storage Systems Market
