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
18 Oct 2023
DUBLIN, Oct. 17, 2023 /PRNewswire/ -- The "Automated Sample Storage Systems - Global Strategic Business Report" report has been added to
ResearchAndMarkets.com's offering.
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:
B Medical Systems Sarl
Biotron Healthcare
Haier Biomedical
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 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
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
For more details,please visit the original website
The content of the article does not represent any opinions of Synapse and its affiliated companies. If there is any copyright infringement or error, please contact us, and we will deal with it within 24 hours.
Organizations
Indications
Targets
-Drugs
-Chat with Hiro
Hot reports
Get started for free today!
Accelerate Strategic R&D decision making with Synapse, PatSnap’s AI-powered Connected Innovation Intelligence Platform Built for Life Sciences Professionals.
Start your data trial now!
Synapse data is also accessible to external entities via APIs or data packages. Empower better decisions with the latest in pharmaceutical intelligence.