LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global laboratory plate handling systems market is expected to grow at a CAGR of more than 3% during the forecast period.
This research report titled ‘Global Laboratory Plate Handling Systems Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The global plate handling systems market is expected to grow during the forecast period due to the increase in the adoption of laboratory automation to meet the throughput needs of end-users. The forecast period will see an increase in the adoption of automated plate handling systems to achieve the improvement in quality and reliability. Over the years, the adoption of laboratory automation systems dealing with the storage, movement, manipulation, and evaluation of plates has increased. The evolution of software components and complementary systems such as microplate washers and readers will also affect the market growth in a significant manner.
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Technavio’s industrial automation research analysts categorize the global laboratory plate handling systems market into the following segments by end-user. They are:
- Research institutes
- Biotechnology and pharmaceutical industries
- Hospitals and private labs
- Academic institutes
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The top three revenue-generating end-user segments of the global laboratory plate handling systems market are discussed below:
The segment will be propelled by the increase in the demand for automation from research institutes that are investing in the laboratory for applications such as antibody discovery, microbiology and microbiome research, cell line development, and advancement of synthetic biology. The use of laboratory plate handling for the identification and picking of monoclonal hybridoma colonies that secrete antibody has allowed research institutes to modify the project workflow and capacity.
According to Raghav Bharadwaj Shivaswamy, a lead robotics research analyst from Technavio, “There is an increase in efforts by vendors to understand customers’ workflow and to help end-users adopt laboratory automation solutions incorporating third-party instruments for certain microplate handling operations. Vendors are devising training methods to ensure that they can train users about the implementation of these systems. Their focus is on retaining old customers while also acquiring new ones.”
Biotechnology and pharmaceutical industries
The segment is driven by the increase in the investment in R&D by companies in the biotechnology and pharmaceutical industries. Companies are implementing laboratory plate handling systems to achieve efficiency for their research purposes. Biotechnology and pharmaceutical companies are increasingly investing in R&D to automate laboratories and improve the production.
“The systems will witness an increase in the adoption from pharmaceutical companies that are focusing on automating their processes to ensure the elimination of human intervention and achievement of high-throughput drug screening. The rise of robotic systems specifically designed for microplate handling, sold either individually or as a part of a modular work cell, will significantly affect the growth of the global laboratory plate handling systems market,” adds Raghav.
Hospitals and private labs
The segment will be driven by innovations in the automation of clinical microbiology labs. In the face of increasing healthcare costs and aging population, vendors are introducing laboratory automation systems that can help in improving the research on the possible diagnoses.
Hospitals are increasingly relying on clinical laboratories for important medical decisions and the reduction in medical errors to enhance patient safety. The decrease in the availability of skilled labor is also driving clinical laboratories to adopt new processes and systems to deal with the lack of skilled staff. The improvement in laboratory procedures can ultimately result in reducing the length of stay of a patient, lower the risk of infections, and decrease the general healthcare expenditure.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Hudson Robotics
- Molecular Devices
- Tecan Group
- Thermo Fisher Scientific
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