Automated Storage and Retrieval Systems in Laboratories Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 9.1% from 2026 to 2033.
The Automated Storage and Retrieval Systems (ASRS) in laboratories market was valued at approximately USD 2.5 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 7.5% from 2023 to 2030. This growth is driven by the increasing demand for efficient and organized laboratory storage solutions, especially with the rising adoption of automation technologies in research and development environments. The market growth is also influenced by the need for higher throughput, better inventory management, and the demand for improving laboratory productivity. North America dominates the market, contributing the largest share, owing to the presence of advanced research infrastructure and significant investments in laboratory automation. Europe and the Asia Pacific region follow, with notable adoption rates of ASRS solutions in research labs, biotechnology, and pharmaceutical industries.
Regionally, North America accounted for a major share of the market in 2022, with a market size exceeding USD 1.2 billion. This is due to the high concentration of pharmaceutical and biotechnology companies, along with government and private sector investments in laboratory research. Europe holds the second largest share, valued at over USD 600 million in 2022, driven by increased laboratory automation in the healthcare and life sciences sectors. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, with a CAGR of 8.4%, supported by the rapid expansion of the pharmaceutical and healthcare industries in emerging markets such as China and India. The Middle East and Africa regions are also seeing gradual growth in ASRS adoption as automation technology becomes more accessible to regional laboratories.
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Thermo Fisher Scientific
Danaher
Agilent
Synchron
Siemens
Tecan Group
BioRad
Eppendorf
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automated Storage and Retrieval Systems in Laboratories Market
Vertical Lift Modules (VLMs)
Horizontal Carousels
Vertical Carousels
Shuttle Systems
Robotic Storage Systems
Racking Systems
Conveyors
Automated Guided Vehicles (AGVs)
Control Software
Sensors and Monitoring Systems
Pharmaceutical Laboratories
Biotechnology Laboratories
Clinical Laboratories
Research and Development Laboratories
Quality Control Laboratories
Fully Automated Systems
Semi-Automated Systems
Manual Systems with Automation Features
Small-scale Solutions
Medium-scale Solutions
Large-scale Solutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automated Storage and Retrieval Systems in Laboratories Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automated Storage and Retrieval Systems in Laboratories Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automated Storage and Retrieval Systems in Laboratories Market, By Type
6. Global Automated Storage and Retrieval Systems in Laboratories Market, By Application
7. Global Automated Storage and Retrieval Systems in Laboratories Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automated Storage and Retrieval Systems in Laboratories Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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