An increasing demand of storing and retrieving samples efficiently is one of the chief drivers of the global automated sample storage systems market. According to a report by Fortune Business Insights, titled, “Automated Sample Storage Systems Market Size, Share and Global Trend, By Product Type (System Units, Reagents & Consumables), By Capacity (Less than 100k, 100k-500k, 500k-2 Million, More Than 2 Million), By Application (Biological Sample, Chemical Compound Sample, Others), By End User (Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, Private Biobanks, Others), and Geography Forecast till 2026,” an increasing research and development activities in biotechnology and pharmaceutical sectors across the globe is likely to propel the global automated sample storage systems market.
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Some of the major companies that are present in the Global Automated Sample Storage Systems Market are;
- Hamilton Company
- Thermo Fisher Scientific, Inc.
- TTP Labtech
- Angelantoni Life Science
- Brooks Automation, Inc. and LiCONiC AG, and other players.
The American Cancer Society estimated that there would be 1,735,350 new cancer cases diagnosed and 609,640 cancer deaths in the U.S. in 2018. Hence, it will cause a rise in the requirement for research and development facilities for associated therapeutics and drugs. Automated sample storage systems would be critical for research and developments of these therapeutics.
Moreover, the automated sample storage systems provide several benefits such as, reduction of labor cost, improvements in space utilization and workplace safety, real-time traceability of a particular sample, and an outright control over environmental conditions. These are the factors that are likely to propel the global automated sample storage systems market.
However, the automated storage systems are expensive in nature. It requires a heavy amount of monetary funds for installation and maintenance processes. Also, there is a need of constant electricity supply in order to run the systems. All these factors together are likely to restraint the growth of the global automated sample storage systems market.
North America and Europe are Likely to Exhibit Higher Demand
Geographically, the global automated sample storage systems market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. North America is projected to emerge as the largest market for automated sample storage during the forecast period. Europe is anticipated to follow North America. This is likely to occur due to an increasing demand for modern and technologically advanced tools for the betterment of research and development activities.
Further, because of the ongoing research and development activities in healthcare sector of both the regions, automated sample storage systems market is likely to grow at a fast pace. On the other hand, Asia Pacific is projected to witness a notable growth in the automated sample storage systems market during the forecast period. Rapid emergence of biobanks and contract research organizations as well as an increasing demand and usage of automated storage systems are anticipated to rise market growth in this region.
Segmentation for Automated Sample Storage Systems Market
By Product Type
- System Units
- Reagents & Consumables
- Less than 100k
- 500k-2 Million
- More Than 2 Million
- Biological Sample
- Chemical Compound Sample
Key Players to Adopt Innovative Strategies to Lead Market
Brooks Automation, a semiconductor manufacturing company announced the launch of their new product called FluidX AcoustiX Sample Tube in February 2018. The company developed the product in partnership with two pharmaceutical leaders AstraZeneca and Labcyte, Inc. This collaboration has led to the creation of a sample management solution that enables acoustic dispensing directly from a sample storage system.
Previously, Brooks Automation, Inc had announced the launch of BioStore IIIv in May 2017. BioStore IIIv is the world’s first ever and only 80°C LN2 Automated Storage System for storing biological samples. Hamilton Storage, a leader in innovative automated sample storage, introduced SAM HD, a low-capacity automated sample management system in December 2016.
KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
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Which company accounted for the highest market share?
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