Automated Sample Storage Systems Market will Register a CAGR of 15.5%through 2025

Global Automated Sample Storage Systems Market: Snapshot

Automated sample storage systems are computer controlled storage devices used for the preservation of samples such as chemical compounds and biological samples. These systems help laboratory facilities store and retrieve samples efficiently as and when required. The sample storage systems vary from manually controlled, relatively simple and small storage operating devices to large computer controlled automated storage devices. Automated sample storage systems help reduce labor costs and lower essential workforce requirements, improving workplace safety and taking personnel out from difficult working conditions such as cold storage environments.

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These systems also help in improving space utilization and increasing storage density, both horizontally and vertically. Nowadays, long-term automated sample storage systems are a requirement for almost every research laboratory. Therefore, this sector has raised the opportunity for business investment. A large number of samples can be stored at individual biobanks with the help of automated sample storage systems, instead of installing devices in separate institutes at the regional and national levels. This is likely to drive demand from the automated sample storage systems market in the 2017-2025 forecast period.

The global automated sample storage systems market is expected to rise from US$617 mn to close to US$2 bn over the 2017-2025 forecast period, exhibiting a robust 15.5% CAGR.

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Pharma and Biotech Sector to Dominate Demand from Automated Storage Systems Market

The automated sample storage systems market is segmented by product type, application type, capacity, end user, and region. Based on product type, the automated sample storage systems market is segmented into systems units and reagents and consumables. The reagents and consumables segment dominates the global automated sample storage systems market, accounting for the largest market share in 2016. The segment is anticipated to dominate the automated sample storage system market during the forecast period owing to increasing demand and adoption of automated sample storage systems worldwide.

Based on application type, the automated sample storage systems market is segmented into biological sample storage and compound storage. The biological sample storage segment accounted for largest market share for automated sample storage systems in 2016 due to increasing adoption of automation by biobanks and research laboratories.

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Based on capacity, the automated sample storage systems market is segmented into less than 100K samples, 100K - 500K samples, 500K - 2M samples, and more than 2M samples. The less than 100K samples segment accounts for the largest share in the automated sample storage systems market due to the high demand for small capacity storage systems from biobanks and research laboratories.

Based on end user, automated sample storage systems market is segmented into pharmaceutical and biotech companies, academic research labs, private biobanks, and others. Pharmaceutical and biotech companies accounted for the largest market share for automated sample storage systems in 2016 due to increasing demand for compound storage in drug discovery application from pharmaceutical and biotech companies. The growing government support to drug discovery programs in developed Western economies is thus likely to remain a key driver for the global automated sample storage systems market in the coming years.

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