Automated Sample Storage Systems Market Booming at 11.6% CAGR, US$3.3 Billion Market Projected by 2033 | FMI Study

Automated Sample Storage Systems Market

The Automated Sample Storage Systems Market is experiencing a significant upsurge, driven by the critical need for efficient and secure sample management across various sectors. A recent report by Future Market Insights (FMI), a leading market research firm, forecasts the market to reach a staggering US$1.1 billion by 2023. This translates to a robust Compound Annual Growth Rate (CAGR) of 11.6%, following a projected industry valuation of US$1.005 billion in 2022.

Future Growth Trajectory Poised for Continued Expansion:

FMI’s forecasts paint an even more impressive picture for the automated sample storage systems market in the coming decade. The report predicts sustained growth with a CAGR of 11.6% between 2023 and 2033, propelling the market to reach a staggering US$3.3 billion by 2033.

Several variables, most notably the many benefits these systems provide to laboratories, are driving the growing demand for automated sample storage systems. Their extraordinary capacity to manage large amounts of pieces with great efficiency has made them invaluable resources in the fields of chemistry and biological sciences.

Automated sample storage systems herald a paradigm shift in sample preservation. These state-of-the-art, computer-controlled devices provide a seamless solution for storing and retrieving samples as needed. By lowering sample temperatures below the glass transition phase of water, these systems effectively arrest all metabolic activities, ensuring prolonged storage durations.

The spectrum of sample storage solutions is diverse, from manually controlled and relatively simple storage devices to large, computer-controlled automated systems. The implementation of automated systems not only slashes labor costs but also reduces essential workforce requirements. Moreover, these systems enhance workplace safety by eliminating personnel exposure to challenging working conditions, such as those found in cold storage environments.

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Various sample storage service providers are also increasing their market as a large number of samples can be stored in one place instead of installing devices in separate institutes such as the development of regional and national biobanks. Demand for automated sample storage systems is more for clinical research purposes. These systems are designed to overcome several problems in sample collection and storage. It stores a variety of labware, including a wide variety of microtubes, cryovials, and blood tubes, some systems can store more than 10 million samples. The machine size varies from M to XL. Robotic systems are also nowadays integrated along with the system in many workstations.

Automated Sample Storage Systems Market: Drivers & Restraints

The automated sample storage market is anticipated to have linear growth proportional to the increase in several life science and pharmaceutical research activities globally. These automated sample storage systems have overcome the shortcomings of storing in liquid nitrogen. These automated freezer systems check any significant temperature rises, thus the freeze-thaw cycles are restricted and potential sample degradation is prevented.

These type of advantages associated with the automated sample storage system drives its market. The rise in funding in the research sector also increases its market. High installation and maintenance cost limits the market expansion. Uninterrupted electricity problem in some regions also limits its installation. Maintaining a large and highly integrated system also requires training and experience. Companies often experience significant ongoing costs for the maintenance and updating of various subsystems.

Automated Sample Storage Systems Market: Overview

Automated sample storage systems have created a requirement for effective storage practices and standard operating procedures. The requirement of maintaining sample integrity and viability by adopting new storage methodologies and solutions assures better sample quality for the research community and thus proliferates the market of automated sample storage systems.

Demand for these products is also increasing in the manufacturing industries for storing large-scale industrial samples mostly in the biopharmaceutical and chemical industries. Vendors such as Biomatrica and IntegenX, Inc. are also involved in developing reagents for stabilizing the DNA and RNA to keep them last long under ambient temperature. This process effectively eliminates the need for freezer units and extra storage space.

Automated Sample Storage Systems Market: Region-wise Outlook

North America and European regions are established markets with a large number of global key players and several established biobanks in the region.

The ongoing research and development activities and huge funding in commercial manufacturing in the region are fueling the demand for highly advanced laboratory and research solutions In addition, a huge number of biopharmaceutical research is also carried out in these nations thus requiring large storage units for sample storage.

Asia Pacific has a growing demand in this business sector and a time for marketing and business development in these countries as these nations will proliferate in the future because of the growing economy and continuous investment in various research facilities.

Automated Sample Storage Systems Market: Key Players

Various companies are involved in the manufacturing and distribution of devices for automated sample storage systems. Some of the companies are involved in providing services for storing samples such as various biobanks. Several global key players in this industry are Hamilton Company, Biomatrica Inc., IntegenX, Inc., Brooks Automation, Inc., TTP Labtech, Swisslog, Thermo Electron Corporation, Angelantoni Life Science, and others.

The report covers an exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Current Trends/Issues/Challenges
• Competition and companies involved
• Value Chain

The regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Automated Sample Storage Systems Market: Segmentation

Segmentation by Product Type

• System Unit
• Reagents and consumables

Segmentation by End User

• Hospitals
• Diagnostic Labs
• Chemical Industries
• Biopharmaceutical Industries
• Research Laboratories.

Report Highlights:

• Detailed overview of the parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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