Global Automated Sample Storage System Market Predicted To Increase At A CAGR Of 13.8% During The Forecast Period Of 2023-2028

The ‘Global Automated Sample Storage System Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global automated sample storage system market, assessing the market based on its segments like product types, applications, end-uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Automated Sample Storage Systems Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2027): 13.8% 

The sample storage system is important for all types of laboratories, industrial facilities, and research institutions. However, manual storage frequently leads to haphazard sample storage and overcrowding, which causes deterioration of the sample and mismanagement.

Manual storage options can be time-consuming and costly because they need a lot of physical labour to handle a lot of samples. As a result, the use of automated sample storage systems surged due to their ability to store and collect samples quickly and efficiently. Additionally, automated systems enable users to increase their savings as they are more space-efficient compared to manual storage.

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Moreover, with technological advancements, such as automated barcode scanning and monitored environmental controls, the automatic sample storage solutions were able to decrease handling and placement mistakes while reducing the danger of sample deterioration and contamination.

Automated Sample Storage Systems Industry Definition and Major Segments

The automated sample storage system refers to an automation system that is utilised for the preservation and storage of biological and chemical compound samples, which are employed in multiple varieties of sectors and applications, including chemical, pharmaceutical, and biotechnology.

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The exposure of samples to temperature change is reduced by automating the biospecimen storage and retrieval procedure.

The segments of the market, based on product type, include:

• System Units
• Reagents and Consumables

Based on application, the market segments include:

• Biological Sample
• Chemical Compound Sample
• Others

Based on the end-use, the market divisions include:

• Pharmaceutical and Biological Companies
• Academic and Research Institutions
• Private Biobanks
• Others

Based on region, the market for automated sample storage systems can be segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Automated Sample Storage Systems Market Trends

Research and development efforts have increased in the pharmaceutical industry as governments around the world increase their focus on the development of new drug compounds. The increasing emphasis on research and development to test and introduce new novel medication compounds is especially strong after the COVID-19 pandemic.

Region-wise, North America is expected to hold a leading position in the market owing to developed healthcare infrastructure, technologically advanced products, and a robust supply network.

The expansion of the automated sample storage market in North America is being supported by the presence of leading global biobanks and research facilities. The need for new systems is being fueled by ongoing research and development projects.

Moreover, due to the presence of major players in the pharmaceutical industry, the sector is growing rapidly which further propels the demand for advanced technologies to support the development.

Key Market Players

The major players in the automated sample storage system market report are

• Thermo Fisher Scientific Inc.
• Hamilton Bonaduz AG
• SPT Labtech Ltd
• Angelantoni Life Science Srl
• LiCONiC AG
• Azenta Life Sciences
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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