According to the report, the global market for automated sample
storage will exhibit an impressive 15.5% CAGR over the period between
2017 and 2025. The market, valuing at US$617 mn in 2017, is estimated
to rise to a revenue opportunity of US$1,950 mn by 2025.
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The steady expansion of the global pharmaceuticals sector in the past
few years has significantly helped the global automated sample
storage market pick pace. Demand from the sector accounts for a large
share in the revenue of the overall market and an increasing number
of pharma companies are shifting to automated solutions so as to
boost their throughput and bring down the number of errors that are
incurred due to manual handling of critical samples. This scenario is
likely to remain one of the key drivers of the market over the
report’s forecast period as well.
The market is also benefitting from the increased support of
government bodies towards the automation of biobanks. The usage of
automation tools in biobanks can lead to benefits such as reduction
in errors presented through manual handling of samples, preservation
of sample integrity, and energy and cost savings. The rise in funds
for the development and effective management of biobanks is expected
to provide a massive push to the overall development of the global
automated sample storage market.
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Despite mostly promising growth prospects, the global market for
automated sample storage systems could be restrained owing to a lack
of necessary technologically advanced infrastructure and awareness
regarding the vast benefits of automated sample storage systems
across developing economies in regions such as Latin America, Asia
Pacific, Middle East, and Africa. Nevertheless, the rate of adoption
of automated sample storage systems in economies such as China and
India is estimated to rise at a promising pace in the near future,
with China playing a leading role in the overall development of the
market owing to the encouraging support of government to the
healthcare industry.
Of the key application areas served by the automated sample storage
systems market covered by the report, the segment of pharmaceuticals
accounted for the dominant share in the overall market in 2017. From
a geographical standpoint, the market in Europe dominated, valuing at
US$209.3 mn of the global market in 2017. The Europe market for
automated sample storage is anticipated to retain its dominant
position over the forecast period as well, trailed by the markets in
North America and Asia Pacific.
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Presence of a number of product manufacturers and suppliers has
rendered the vendor landscape of the global automated sample storage
systems market largely fragmented and competitive, observes
Transparency Market Research in a recent report. The market was
dominated by Brooks Automation, Inc. in 2016 owing to the company’s
expansive product portfolio, strong geographical outreach, and vast
investment in research and development activities. Some of the other
leading companies in the market are Angelantoni Life Science, Thermo
Fisher Scientific, Inc., TTP LabTech, LiCONiC AG, Biotron Healthcare,
ASKION, Haier BioMedical (Haier Group), Panasonic Healthcare Co.,
Ltd., and Tsubakimoto Chain Co.
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