Automated Sample Storage Systems Market Size, Share, Opportunities And Trends By Application (Biological Sample Storage, Compound Storage), By End User (Pharmaceutical & Biotech Companies, Academic Research Labs), And Geography - Forecasts From 2019 To 2024

The automated sample storage systems market is projected to grow at a CAGR of 12.85% to reach US$1,525.316 million by 2023, from US$738.500 million in 2017.

An increasing number of research and development activities in life science and pharmaceutical industries around the globe work as the key driving factor for the growth of the market. These are computer-controlled devices and provide facilities to store and retrieve the sample when required.

Moreover, the benefit of cost efficiency on the grounds of reducing labour costs and improving the safety environment also works as the driving factor for the growth of the market. However high installation and maintenance cost works as the restraining factor for the growth of the market.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions.

Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.

The values obtained are correlated with the primary inputs of the key stakeholders in the Automated Sample Storage Systems value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the Automated Sample Storage Systems market.

Major industry players profiled as part of the report are Hamilton Company, Angelantoni Life Science, LiCONiC AG, Brooks Automation, Inc., Thermo Fisher Scientific, Inc., and TTP LabTech among others.

Segmentation

The Automated Sample Storage Systems market has been analyzed through the following segments:

By Application

Biological Sample Storage

Compound Storage

 

By End User

Pharmaceutical & Biotech Companies

Academic Research Labs

 

By Geography

North America

USA

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

United Arab Emirates

Saudi Arabia

Others

 

Asia Pacific

China

Japan

South Korea

India

Others

Hamilton Company

Angelantoni Life Science

LiCONiC AG

Brooks Automation, Inc.

Thermo Fisher Scientific, Inc.

TTP LabTech

LiCONiC AG

Panasonic Healthcare Co., Ltd.

Tsubakimoto Chain Co.

Askion