According to a new report, published by KBV research, The Global Laboratory Robotics Market size is expected to reach $2.6 billion by 2031, rising at a market growth of 6.9% CAGR during the forecast period.
The Research Laboratory segment is registering a CAGR of 7.5% during (2024 - 2031). Research laboratories conduct complex experiments, often involving repetitive tasks such as sample preparation, liquid handling, and data analysis. Laboratory robotics automate these tasks, reducing manual labour, minimizing errors, and ensuring consistency in experimental procedures. This automation accelerates research workflows, allowing scientists to focus on data interpretation, hypothesis testing, and innovation.
The Drug Discovery segment is leading the Global Laboratory Robotics Market by Application in 2023; thereby, achieving a market value of $651 million by 2031. Drug discovery involves complex experimental protocols that require precise timing, sequential processing steps, and controlled environmental conditions. Robotic platforms can precisely execute these protocols, automating tasks such as compound dilution, cell culture maintenance, and assay plate handling. This automation enhances experimental reproducibility and reliability, which is crucial for validating drug efficacy and safety.
The Automated Plate Handlers segment is experiencing a CAGR of 6.3% during (2024 - 2031). Automated plate handlers excel in handling large volumes of microplates used in high-throughput screening (HTS) and assay workflows. These systems automate the loading, unloading, and transportation of microplates between instruments, significantly increasing throughput compared to manual handling. By automating repetitive plate handling tasks, automated plate handlers reduce the need for manual intervention, saving time and labour resources.
Full Report: https://www.kbvresearch.com/laboratory-robotics-market/
The North America region dominated the Global Laboratory Robotics Market by Region in 2023; thereby, achieving a market value of $988.4 million by 2031. The Europe region is poised to grow at a CAGR of 6.7% during (2024 - 2031). Additionally, The Asia Pacific market would witness a CAGR of 7.5% during (2024 - 2031).
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