Automated Storage and Retrieval Systems in Laboratories Market Analyzed Globally by Top Industry Trends and Forecasts To 2025

Automated Storage and Retrieval Systems in Laboratories Market Analyzed Globally by Top Industry Trends and Forecasts To 2025

The automated storage and retrieval systems (ASRS) in laboratories market is expected to witness a CAGR of 12.58% over the forecast period (2018 – 2023). Automated storage and retrieval systems (ASRS) is a computer-enhanced mechanism for automatically placing and retrieving loads from defined storage locations. It is beneficial in enhancing the efficiency of a laboratory by providing operators with increased inventory control and tracking, including greater flexibility to address changing needs of the laboratory and business conditions. These systems also help reduce labor costs, workforce requirements, and increase workplace safety.

Apart from reducing mundane tasks, ASRS installations in laboratories are also driven by the need for consistency in quality as the cost of an error is very high in laboratory processes. Even a reasonably low error rate can have a profound impact on the conclusions. It is believed that taking out the human element from the equation, helps in achieving more consistency. This one of the primary reasons why both the commercial and in-house laboratories are including ASRS equipment in their automation strategies increasingly.

Key Developments in the Market
•December 2017 – Thermo Fisher Scientific Inc., acquired MTI GlobalStem at USD 6 million to strengthen their Life Sciences Solutions segment. MTI GlobalStem is well known for its reagents which had special applications in cell transfection, neurobiology, and stem cell research. This shows a clear strategy of the company of investing in the sector with the highest growth.


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Increasing Rate of Laboratory Automation to Create Huge Demand for ASRS
Automation is used in a wide variety of life science applications ranging from proteomics to systems biology. Automation is a dominant feature in the diagnostics market, followed by the discovery and research labs. In clinical diagnostics, where profits are based on the number of samples, high throughput is the core driving factor. Total automation is generally preferred in such labs and manufacturing setups. Research labs and academic institutions are generally opting for modular automation, wherein they reduce the human intervention in tedious and repetitive tasks. On the other hand, increase in the number of commercial laboratories is creating a huge demand for lab automation solutions. According to American Hospital Association, there are more than 98 million medical enrollees in 2016, just in the United States.
This high number of enrollees and additional samples/specimen form pickup services that go to the patients and collect samples/specimen leading to a large number of samples transported to the commercial laboratories every day. This scenario is exceptionally high in the Asian countries where most of the medical establishments are not equipped with in-house labs. According to a study conducted by University of Utah School of Medicine and ARUP Laboratories, an average clinical laboratory receives more than 5000 specimens per day (most of them arriving between 21:00 hrs and 3:00 hrs) that are brought to and fro in 162 containers involving 320 separate tracing and shipment slips. Traditionally, such high number of specimen leads to a high rate of laboratory errors due to human intervention. However, with the use of ASRS systems, many pre-analytical and post-analytical errors could be eliminated leading to faster results for the patients and higher throughputs to the lab owners.

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Reasons to Purchase this Report
•Current and future automated storage and retrieval systems in laboratories market outlook in the developed and emerging markets
•Analyzing various perspectives of the market with the help of Porter’s five forces analysis
•Identifying the segment that is expected to dominate the market
•Identifying the regions that are expected to witness the fastest growth during the forecast period
•Identify the latest developments, market shares, and strategies employed by the major market players
•3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report
•This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Companies Mentioned:
Thermo Fisher Scientific, Inc., Danaher Corp, Hudson Robotics, Inc., Becton, Dickinson and Company, Synchron Lab Automation, Agilent Technologies, Inc., Siemens Healthcare, Tecan Group Ltd, PerkinElmer, Inc., Honeywell International, Inc., BioRad, Laboratories, Inc., Roche Holding Ag, Eppendorf Ag, Shimadzu Corp, Aurora Biomed, Inc.

Table of Content

  1. Introduction
  2. Executive Summary
  3. Market Overview
  4. Market Dynamics
  5. Technology Overview
  6. Global Automated Storage and Retrieval Systems in Laboratories Market Segmentation
  7. Company Profiles
  8. Investment Analysis
  9. Future of Global Automated Storage and Retrieval Systems in Laboratories Market

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