U.S. and China Lead the Charge in Automated Sample Storage Systems Market, U.S. Valued at $364 Million in 2022, China Forecasted for 15.4% CAGR to Reach $260.6 Million by 2030
Wednesday, October 25, 2023
DUBLIN, Oct. 17, 2023 /PRNewswire/ -- The "Automated Sample Storage Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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The global market for Automated Sample Storage Systems, valued at US$1.1 billion in 2022, is on a trajectory of substantial expansion, projected to reach an impressive size of US$2.7 billion by 2030. This remarkable growth is anticipated to occur at a robust compound annual growth rate (CAGR) of 12.4% during the analysis period spanning from 2022 to 2030. Specific segments within the market are expected to perform exceptionally well.
Reagents & Consumables Segment to Lead with a 13.2% CAGR, Reaching US$1.9 Billion
Among the segments analyzed in the report, the Reagents & Consumables segment stands out with a projected CAGR of 13.2%, reaching a substantial market size of US$1.9 billion by the end of the analysis period.
Strong Growth in the System Units Segment with a 10.9% CAGR
The System Units segment is estimated to achieve steady growth with a CAGR of 10.9% over the next 8 years.
U.S. Market Estimated at $364 Million, China Forecasted to Grow at 15.4% CAGR
In the United States, the automated sample storage systems market is estimated to be worth US$364 million in 2022. Meanwhile, China, as the world's second-largest economy, is forecasted to experience remarkable growth, with a projected market size of US$260.6 million by 2030, boasting an impressive CAGR of 15.4% from 2022 to 2030.
Other Noteworthy Geographic Markets
In addition to China and the United States, several other geographic markets exhibit noteworthy growth potential. Japan and Canada are each forecasted to grow at rates of 10.7% and 11.2%, respectively, over the 2022-2030 period. In Europe, Germany is expected to achieve approximately 12% CAGR. The global market is poised for significant expansion.
Key Competitors in the Automated Sample Storage Systems Market
The following companies are prominent players in the automated sample storage systems market:
-- Angelantoni Life Science Srl
-- ASKION GmbH
-- B Medical Systems Sarl
-- Biotron Healthcare
-- Brooks Life Sciences
-- Eppendorf AG
-- Haier Biomedical
-- Hamilton Company
-- LabWare, Inc.
-- Thermo Fisher Scientific, Inc.
Economic Outlook and Market Sentiments
The global economic outlook is showing signs of improvement, with growth recovery anticipated in the near future. While challenges persist, including inflation concerns, governments are actively addressing these issues. The rise of new technologies, such as AI, machine learning, and renewable energy, is expected to drive growth and add value to the global GDP.
Despite short-term challenges, businesses and leaders who demonstrate resilience and adaptability will find opportunities in this evolving landscape.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Automated Sample Storage Systems - Global Key Competitors Percentage
Market Share in 2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Impact of COVID-19 Pandemic and Looming Global Recession
-- 2020 Marked as a Year of Disruption & Transformation
-- Pandemic Raises Significance of Automated Sample Processing & Storage
Systems
-- An Introduction to Automated Sample Storage Systems
-- Global Market Prospects & Outlook
-- Myriad Benefits of Automated Sample Storage Systems to Boost Adoption
-- Competition
-- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
-- Automation as an Important Efficiency Enhancement Strategy for Labs to
Fuel Market Growth
-- Global Laboratory Automation Market in US$ Billion for Years 2018, 2020,
2022, 2024 & 2026
-- Safeguarding Sample Integrity with Automated Storage Systems
-- Laboratory 4.0 Set to Expand Market Opportunities
-- Microbiology Laboratories Switch to Automation to Push Yields
-- Total Lab Automation (TLA) Drives Potential for Automated Sample Storage
Solutions
-- Increasing in R&D Initiatives in Life Science and Pharmaceutical Sectors
to Drive Need for Automated Sample Storage Systems
-- Aging Population & Rising Prevalence of Chronic Diseases to Propel
Market Growth
-- Global Aging Population Statistics for the 65+ Age Group in Million by
Geographic Region for the Years 2019, 2025, 2035 and 2050
-- Elderly Population (65+ Years) as a % of Total Population by Developed,
Less Developed and Least Developed Regions: 2019 & 2030
-- Global Cancer Incidence: Number of New Cancer Cases in Million for the
Years 2018, 2020, 2025, 2030, 2035 and 2040
-- Global Number of Deaths Caused Due to Communicable Diseases (In 000s)
-- Growth of Translational Research and Personalized Medicine Augurs Well
for the Market
-- Global Personalized Medicine Market: Revenues in US$ Million for the
Years 2019, 2021, 2023 and 2025
-- World Personalized Medicine Market by Region/Country (in %) for 2021E
-- Companion Diagnostics Lead the Way to Personalized Medicine
-- Increasing Support for Biobank Operations to Spur Market Opportunities
-- Global Biobanks Market Size (in US$ Billion) for the Years 2020, 2022,
2024 and 2026
-- Focus on Biobanking Automation to Drive Robust Growth Prospects for
Sample Storage Systems
-- Removal of Errors in Sample Collection and Storage Processes by
Automation
-- Conditions Requiring Automation of Sample Storage
-- Conditions Facilitating Adoption of Storage Automation
-- Best Practices of Sample Storage and Management used by Leading
Laboratories
-- Uptrend in Drug Discovery Industry Builds Robust Market Momentum
-- Global Drug Discovery Market Size (in US$ Billion) for the Years 2020,
2022, 2024 & 2026
-- Automated Compound Storage and Retrieval (ACSR) Market Poised for Growth
-- Compound Management Trends to Impact Market Outlook
-- Improving Healthcare & Life Science Expenditure to Turbo Charge Future
Growth of the Market
-- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
-- Elderly Healthcare Expenditure as a % of GDP for 1970, 2010 and 2050
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ihlw67
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