Automated Sample Storage Systems Market Scope
Automated Sample Storage Systems are used to protect, manage and monitor the forensic sample reports. These systems are widely used in hospitals, labs, and research institutes. As these systems are computer-controlled, it is easy to automatically remove or replace micro vials from storage modules into racks held within the unit. This helps in reducing the labor costs, lowers essential workforce requirements, and hence improves workplace safety. The increasing demand for automated sample storage systems from research laboratories will boost the market growth in the upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Tsubakimoto Chain Co. (Japan), Thermo Fisher Scientific, Inc. (United States), Hamilton Company (United States), Automated Sample Storage Systems (United States), Askion GmbH (Germany), LiCONiC AG (Liechtenstein), Brooks Automation (United States), TTP Labtech Ltd. (United Kingdom), Angelantoni Life Science (Italy) and Panasonic Healthcare Co. Ltd. (Japan) |
CAGR | % |
The market is fragmented by numerous key players who have the bargaining power high in the global automated sample storage systems market as the market is dominated by several key players. The intensity of rivalry appears to be high in this market as competitors are numerous and the systems are undifferentiated. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Automated Sample Storage Systems market throughout the predicted period.
Tsubakimoto Chain Co. (Japan), Thermo Fisher Scientific, Inc. (United States), Hamilton Company (United States), Automated Sample Storage Systems (United States), Askion GmbH (Germany), LiCONiC AG (Liechtenstein), Brooks Automation (United States), TTP Labtech Ltd. (United Kingdom), Angelantoni Life Science (Italy) and Panasonic Healthcare Co. Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Haier BioMedical (China) and Biotron Healthcare (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automated Sample Storage Systems market by Type and Region with country level break-up.
On the basis of geography, the market of Automated Sample Storage Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2022 Spark Dental Management, backed by Rock Mountain Capital, announced that it has acquired Children's Dental Management (CDM) and its 35 locations in three states. Financial terms of the deal were not disclosed.
In 2019, TTP Labtech launched Chameleon, an automated system for cryo-electron microscopy. This product allows researchers to more easily and accurately determine the structure of biomolecules, supporting protein research and drug discovery.
Influencing Trend:
Demand for Automation in Healthcare Services
Market Growth Drivers:
Increasing Research In Pharmaceutical’s And Life Science and High Demand From Clinical & Research Laboratories
Challenges:
Expensive Maintenance Cost
Restraints:
High Installation Cost
Opportunities:
Rising Number Of Life Science & Pharmaceutical Research Activities and Untapped Opportunities From The Emerging Countries
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Automated Sample Storage Systems Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry