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Automated Sample Storage Market to Reach US$1,950 Million by 2025: Rising Government Support to Remain Vital Driver


News provided by

Transparency Market Research

Aug 24, 2017, 08:30 ET

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ALBANY, New York, August 24, 2017 /PRNewswire/ --

The fragmented global automated sample storage systems market was dominated by Brooks Automation, Inc. in 2016. The major factors responsible for its dominance are its widespread market presence, innovative product catalog, and huge investment in R&D. These significant factors are likely to ensure steady dominance of the company in the coming years. Other major players in the automated sample storage systems market include TTP LabTech, Thermo Fisher Scientific, Inc., Angelantoni Life Science, LiCONiC AG, Panasonic Healthcare Co., Ltd., Biotron Healthcare, Haier BioMedical (Haier Group), ASKION, and Tsubakimoto Chain Co.

According to Transparency Market Research (TMR), the global automated sample storage systems market was valued at US$617 mn in 2017. Exhibiting a solid 15.5% CAGR, the market is expected to rise to a revenue valuation of US$1,950 mn by 2025.

Browse Market Research Report @ http://www.transparencymarketresearch.com/automated-sample-storage-systems-market.html

By end use, the pharmaceuticals sector accounted for the leading share in the global automated sample storage systems market in 2017. Geographically, the global automated sample storage systems market is dominated by Europe, with the regional market accounting for US$209.3 mn in 2017. The Europe market is likely to remain the leading contributor to the global automated sample storage systems market over the 2017-2025 forecast period, followed by North America and Asia Pacific.

Rising Government Support to Biobanks Drives Automated Sample Storage Systems Market 

The dominance of Europe in the global automated sample storage systems market is majorly due to the widespread adoption of automation tools in biobanks, which has presented key benefits such as preserving sample integrity, ease of error handling, labor maintenance, and energy cost savings. Increased funding for biobanks is a significant boost for the automated sample storage systems market in Europe. The UK Biobank is one of the largest biobanks in Europe and has already recruited over 500,000 participants. Many other biobanks are also moving toward automation to address the challenge of sample integrity and to cut down the cost of sample storage. This is a major trend in Europe as well as North America, which is likely to drive the automated sample storage systems market at a steady growth rate.

The steady growth of the pharmaceuticals industry in recent years has been a key driver for the global automated sample storage systems market. Pharma industry players account for the dominant share in the revenue of the global automated sample storage systems market and are increasingly preferring automation solutions in order to boost their bottom line. This is likely to remain a key driver for the global automated sample storage systems market in the coming years.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22691

Lack of Technological Progression in Emerging Regions Holds Automated Sample Storage Systems Market Back 

Lack of awareness and the supporting technological framework for automated sample storage systems in emerging regions such as Asia Pacific, the Middle East, and Africa is a key restraint for the automated sample storage systems market. Leading economies in Asia Pacific and the Middle East are likely to adopt automated sample storage systems at an increasing rate in the near future, with China likely to play a leading role due to its high population and high extent of government support to the healthcare sector. However, most countries in the Middle East, Southeast Asia, and Africa are likely to remain away from the global automated sample storage systems market in the coming years.

The information in this preview comes from a Transparency Market Research report titled 'Automated Sample Storage Systems Market (Product Type: System Units, Reagents and Consumables; Application: Biological Sample Storage, Compound Storage; Capacity: Less Than 100K Samples, 100K - 500K Samples, 500K - 2M Samples, More Than 2M Samples; End User: Pharma and Biotech Companies, Academic Research Labs, Private Biobanks) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025.'

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/automated-sample-storage-systems-market.htm

The global Automated Sample Storage Systems Market is segmented as follows: 

Global Automated Sample Storage Systems Market Revenue, by Product Type 

  • System Unit
  • Reagents & Consumables

Global Automated Sample Storage Systems Market Revenue, by Application 

  • Biological Sample Storage
  • Compound Storage

Global Automated Sample Storage Systems Market Revenue, by Capacity 

  • Less Than 100K Samples
  • 100K - 500K Samples
  • 500K - 2M Samples
  • More Than 2M Samples

Global Automated Sample Storage Systems Market Revenue, by End User 

  • Pharma & Biotech Companies
  • Academic Research Labs
  • Private Biobanks
  • Others

Global Automated Sample Storage Systems Market Revenue, by Geography 

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa

Browse Related Research Report: 

Biological Safety Testing Market (Product Type - Instruments and Reagents & Kits; Test - Endotoxin Tests, Sterility Test, Cell Line Authentication and Characterization Tests, Bioburden Tests, Residual Host Contaminant Detection Tests, Adventitious Agent Detection Tests, Toxicity Tests, and Stability Tests; Application - Vaccines & Therapeutics, Blood & Blood Products, Tissue & Tissue Products, Stem Cell Products, Gene Therapy, and Cellular Therapy) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

http://www.transparencymarketresearch.com/biological-safety-testing-market.html

Medical Imaging Reagents Market (Class: Contrast Reagents, Optical Reagents and Nuclear Reagents; Technology: Nanoparticles, Fluorescent Proteins, Fluorescent Dyes and Probes, Radiopharmaceuticals and Quantum Dots & Application: Diagnostics, Drug Discovery and Development and Research and Development) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

http://www.transparencymarketresearch.com/biologic-imaging-reagents-market.html

Oligonucleotide Synthesis Market (Product - Reagents & Consumables, Equipment, and Synthesized Oligonucleotides (DNA Oligonucleotides and RNA Oligonucleotides); Application - Research (Polymerase Chain Reaction and Next Generation Sequencing), Therapeutics (Antisense Oligonucleotides, and Nucleic Acid Aptamers), and Diagnostics; End User - Biotechnology & Pharmaceutical Companies, Research Institutes, and Diagnostic Laboratories) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

http://www.transparencymarketresearch.com/oligonucleotide-synthesis-market.html

About Us: 

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.


Contact Us:
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: http://www.transparencymarketresearch.com

Blog: https://theglobalhealthnews.com/

      http://www.editiontruth.com/

SOURCE Transparency Market Research

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