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How Has the Lab Automation In Genomics Market Size Shifted in Recent Years?
The market size for lab automation in genomics has seen quick expansion in recent times. It’s projected to escalate from a value of $2.33 billion in 2024 to about $2.68 billion in 2025, with a compound annual growth rate (CAGR) of 15.1%.
The factors responsible for this growth during the historic period include the heightened demand for precision medicine, the rise in complexity of genomic data, a heightened focus on genomic research, increased usage in clinical diagnostics, and the need for scalability and flexibility.
The market size for lab automation in genomics is projected to experience rapid expansion in the forthcoming years, with expectations for it to reach $4.56 billion in 2029, recording a compound annual growth rate (CAGR) of 14.3%. Key drivers for this prospective growth during the forecast period include the proliferation of point-of-care testing, the migration towards cloud-based solutions, the emphasis on continuous and real-time monitoring, the growth of precision agriculture, and the surge in multi-omics integration.
The forecast period will also see major trends such as the adoption of automated instruments and systems, automated technologies, and cloud-based platforms.
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What Drivers Are Powering the Rise of the Lab Automation In Genomics Market?
The increased uptake of precision medicine is anticipated to boost lab automation in the genomics market. Characterized by its tailoring to individual genetic, environmental and lifestyle differences, precision medicine offers unique medical therapies.
A combination of factors, including genomics advancements, targeted therapies, patient-centric care, and drug development, is driving the demand for precision medicine. This field requires numerous genetic tests to identify disease-related genes, encouraging labs to swiftly and accurately process a high volume of samples, thereby resorting to automation.
For example, the Personalized Medicine Coalition, a non-profit organization based in the US, highlighted in February 2024 the FDA’s approval of 16 novel personalized therapies for patients with rare diseases in 2023, a significant increase from just six in 2022. Hence, the rising adoption of precision medicine is propelling the expansion of lab automation within the genomics market.
How Is the Lab Automation In Genomics Market Structured Across Key Segments?
The lab automation in genomicsmarket covered in this report is segmented –
1) By Type: Automated Liquid Handlers; Automated Plate Handlers; Robotic Arms; Automated Storage And Retrieval Systems; Other Types
2) By Process: Continuous Automation System; Modular Automation System
3) By Application: Hospitals And Private Labs; Biotech And Pharma; Academics And Research Institutes; Other Applications
Subsegments:
1) By Automated Liquid Handlers: Liquid Transfer Systems; Pipetting Robots
2) By Automated Plate Handlers: Plate Stacker Systems; Microplate Transport Systems
3) By Robotic Arms: Single-Axis Robotic Arms; Multi-Axis Robotic Arms
4) By Automated Storage And Retrieval Systems: Sample Storage Systems; Automated Retrieval Systems
5) By Other Types: Nucleic Acid Extraction Systems; Other Custom Automation Solutions
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How Will Market Trends Drive Strategic Shifts in the Lab Automation In Genomics Sector?
Key players in the genomics sector’s lab automation space are focusing on the development of cutting-edge solutions, like automated whole genome sequencing (WGS), to drive genomics research, clinical diagnostics, and precision medicine forward.
Automated WGS involves the use of high-throughput and automated sequencing technologies to sequence a person’s genome.
For instance, Clear Labs, Inc., a genomics testing company based in the US, introduced Clear Dx in May 2023. This innovative solution offers end-to-end automated sample processing, ensuring the precise and reliable preparation and handling of the genomics library.
Clear Dx automation minimizes human inconsistencies and assures uniformity throughout sequencing, leading to consistent and repeatable results. This automation simplifies the genome sequencing process, reducing the hands-on time required to a mere 30 minutes with a single touch, making it possible to conduct effortless whole genome sequencing even by those with no training.
Where Is the Lab Automation In Genomics Market Experiencing the Fastest Regional Growth?
North America was the largest region in the lab automation in genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the lab automation in genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Leading Players Shaping the Future of the Lab Automation In Genomics Industry
Major companies operating in the lab automation in genomics market report are Pfizer Inc.; Robert Bosch GmbH; Johnson & Johnson; F. Hoffmann-La Roche Ltd.; Thermo Fisher Scientific Inc.; Novartis International AG; GlaxoSmithKline plc; Danaher Corporation; Becton, Dickinson and Company; Agilent Technologies Inc.; PerkinElmer Inc.; Bio-Rad Laboratories Inc.; Qiagen N.V.; Tecan Group Ltd.; Illumina Inc.; Hamilton Company; Promega Corporation; Oxford Nanopore Technologies Ltd.; Fluidigm Corporation; Gilson Incorporated
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