Asia Pacific is projected to constitute the highest growth rate over the forecast period owing to increasing adoption of automated sample storage systems among contract research organizations, research laboratories, and biobanks in the region. The regional market’s projected 19.4% CAGR is expected to propel the market from a 2017 valuation of US$119.5 mn to a 2025 valuation of US$493.5 mn.
Automated sample storage systems are computer controlled storage devices used for the preservation of samples such as chemical compounds and biological samples. These systems help laboratory facilities store and retrieve samples efficiently as and when required.
The sample storage systems vary from manually controlled, relatively simple and small storage operating devices to large computer controlled automated storage devices. Automated sample storage systems help reduce labor costs and lower essential workforce requirements, improving workplace safety and taking personnel out from difficult working conditions such as cold storage environments.
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These systems also help in improving space utilization and increasing storage density, both horizontally and vertically. Nowadays, long-term automated sample storage systems are a requirement for almost every research laboratory.
Therefore, this sector has raised the opportunity for business investment. A large number of samples can be stored at individual biobanks with the help of automated sample storage systems, instead of installing devices in separate institutes at the regional and national levels.
This is likely to drive demand from the automated sample storage systems market in the 2017-2025 forecast period.
The global automated sample storage systems marketis expected to rise from US$617 mn to close to US$2 bn over the 2017-2025 forecast period, exhibiting a robust 15.5% CAGR.
Automated Sample Storage Systems Market: Segmentation
The automated sample storage systems market has segmented into four categories, namely by product type, by application, by capacity, by end-user and by region.
Automated Sample Storage Systems Market: Geographical and Competitive Dynamics
Geographically, the global automated sample storage systems market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the regions have been further segmented by major countries from each region.
These include the U.S., Canada, the U.K., Germany, France, China, Japan, India, Saudi Arabia, UAE, Brazil, and Mexico.
The report also profiles major players in the automated sample storage systems market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Brooks Automation, Inc., TTP LabTech, Thermo Fisher Scientific, Inc., Angelantoni Life Science, LiCONiC AG, Panasonic Healthcare Co., Ltd., Biotron Healthcare, Haier BioMedical (Haier Group), ASKION, and Tsubakimoto Chain Co.
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The global Automated Sample Storage Systems market is segmented as follows:
Global Automated Sample Storage Systems Market Revenue, by Product Type
- System Unit
- Reagents & Consumables
Global Automated Sample Storage Systems Market Revenue, by Application
- Biological Sample Storage
- Compound Storage
Global Automated Sample Storage Systems Market Revenue, by Capacity
- Less Than 100K Samples
- 100K – 500K Samples
- 500K – 2M Samples
- More Than 2M Samples
Global Automated Sample Storage Systems Market Revenue, by End User
- Pharma & Biotech Companies
- Academic Research Labs
- Private Biobanks
Global Automated Sample Storage Systems Market Revenue, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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