The automated sample storage systems Industry, which stood at approximately US$ 1004.7 million in 2022, is poised to reach an estimated US$ 1100 million in 2023, reflecting an impressive Compound Annual Growth Rate (CAGR) of 11.6%. This growth is attributed to several key factors, including the advantages offered by these systems in laboratory operations, their capacity to efficiently manage large sample volumes, and their ability to uphold sample integrity and security.
Automated sample storage systems deliver fundamental benefits such as heightened efficiency, enhanced sample security, reduced technician costs, and improved sample preservation. Furthermore, increased investments in research and development by pharmaceutical companies, alongside advancements in robotics and automation technologies, are contributing to the continued expansion of this market.
According to Future Market Insights, the automated sample storage systems market is anticipated to maintain its robust growth, with a CAGR of 11.6% expected from 2023 to 2033. By 2033, it is forecasted to reach a substantial value of approximately US$ 3298.7 million.
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Various sample storage service providers are also increasing their market as a large number of samples can be stored in one place instead of installing devices in separate institutes such as the development of regional and national biobanks. Demand for automated sample storage systems is more for clinical research purposes. These systems are designed to overcome several problems in sample collection and storage. It stores a variety of labware, including a wide variety of microtubes, cryovials, and blood tubes, some systems can store more than 10 million samples. The machine size varies from M to XL. Robotic systems are also nowadays integrated along with the system in many workstations.
Automated Sample Storage Systems Market: Drivers & Restraints
The automated sample storage market is anticipated to have linear growth proportional to the increase in several life science and pharmaceutical research activities globally. These automated sample storage systems have overcome the shortcomings of storing in liquid nitrogen. These automated freezer systems check any significant temperature rises, thus the freeze-thaw cycles are restricted and potential sample degradation is prevented.
These type of advantages associated with the automated sample storage system drives its market. The rise in funding in the research sector also increases its market. High installation and maintenance cost limits the market expansion. Uninterrupted electricity problem in some region also limits its installation. Maintaining a large and highly integrated system also requires training and experience. Companies often experience significant ongoing costs for the maintenance and updating of various subsystems.
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Automated Sample Storage Systems Industry: Overview
Automated sample storage systems have created a requirement for effective storage practices and standard operating procedures. The requirement of maintaining sample integrity and viability by adopting new storage methodologies and solutions assures better sample quality for the research community and thus proliferates the market of automated sample storage systems.
Demand for these products is also increasing in the manufacturing industries for storing large-scale industrial samples mostly in the biopharmaceutical and chemical industries. Vendors such as Biomatrica and IntegenX, Inc. are also involved in developing reagents for stabilizing the DNA and RNA as to keep them last long under ambient temperature. This process effectively eliminates the need for freezer units and extra storage space.
Automated Sample Storage Systems Industry: Region-wise Outlook
North America and European regions are established markets with a large number of global key players and several established biobanks in the region.
The ongoing research and development activities and huge funding in commercial manufacturing in the region are fueling the demand for highly advanced laboratory and research solutions In addition, a huge number of biopharmaceutical research is also carried out in these nations thus requiring large storage units for sample storage.
Asia Pacific has a growing demand in this business sector and a time for marketing and business development in these countries as these nations are going to proliferate in the future because of the growing economy and continuous investment in various research facilities.
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Automated Sample Storage Systems Industry: Key Players
Various companies are involved in the manufacturing and distribution of devices for automated sample storage systems. Some of the companies are involved in providing services for storing samples such as various biobanks. Several global key players in this industry are Hamilton Company, Biomatrica Inc., IntegenX, Inc., Brooks Automation, Inc., TTP Labtech, Swisslog, Thermo Electron Corporation, Angelantoni Life Science, and others.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Current Trends/Issues/Challenges
- Competition and companies involved
- Value Chain
The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Automated Sample Storage Systems Industry: Segmentation
Segmentation by Product Type
- System Unit
- Reagents and consumables
Segmentation by End User
- Hospitals
- Diagnostic Labs
- Chemical Industries
- Biopharmaceutical Industries
- Research Laboratories.
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