Automated Sample Storage Systems Market Size, Share and Global Trend, By Product Type (System Units, Reagents & Consumables), By Capacity (Less than 100k, 100k-500k, 500k-2 Million, More Than 2 Million), By Application (Biological Sample, Chemical Compound Sample, Others), By End User(Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, Private Biobanks, Others), and Regional Forecast, 2024-2032

The automated sample storage system is a computer handled storage device used for storing and preservation of biological samples and chemical compounds, which are utilized in a multitude of functions in various industries such as chemical, pharmaceuticals, biotechnology, and others. Every laboratory, industrial unit or research institution requires sample storage and manual storage, which often results in haphazard storing of samples and overcrowding, leading to the degradation & misplacement of samples.

Automated sample storage systems thus offer efficient facilitation for storing and retrieval of samples, whenever it is required. There are several factors contributing to the considerable and rapid growth of the global automated sample storage systems. For instance, the American Cancer Society estimated that in 2018, there would be 1,735,350 new cancer cases diagnosed and 609,640 cancer deaths in the U.S., which will lead to an increased need for research and development activities for drugs and associated therapeutics. Automated sample storage systems would then be critical for the R&D initiatives for these therapeutics.

The major factor driving the growth in global automated sample storage systems market is the increasing research and development activities across industries, especially pharmaceutical and biotechnology sector. Furthermore, automated sample storage systems offer various advantages such as complete control over environmental conditions, real-time traceability of the sample, reduced labor cost, improved workplace safety, and better utilization of space, which is expected to boost the global automated sample storage systems market.

However, the high maintenance and installation cost associated with automated sample storage systems, the requirement of continuous electric supply, and cost involved in the training of personnel are the key factors that are likely to hamper the growth in the global automated sample storage systems market.

Key Players Covered

Some of the major companies that are present in the global automated sample storage systems market are Hamilton Company, Thermo Fisher Scientific, Inc., TTP Labtech, Biomatrica, Angelantoni Life Science, Brooks Automation, Inc., and LiCONiC AG, and other players.

 Segmentation

 Among the end users, the pharmaceutical & biotechnology companies are estimated to have a considerable share of the global automated sample storage systems market during the projected period due to ongoing R&D activities and increasing demand for advanced and efficient therapeutics for various acute and chronic diseases.

Key Insights

• Overview of the usage of biorepositories
• New product launch
• Technological advancements in automated sample storage systems
• Recent industry developments such as partnerships, mergers, and acquisitions

Regional Analysis

North America followed by Europe, are anticipated to emerge as the two largest markets for automated sample storage systems in the forecast period. This is due to the extensive ongoing research & development (R&D) activities for healthcare in both the regions and increasing demand for the technologically advanced tools for the facilitation of the R&D activities. The automated sample storage systems market is anticipated to have significant growth in the Asia Pacific by the end of 2026 owing to the increase in demand, rapid adoption of automated sample storage systems, and fast emergence of contract research organizations & biobanks.

Key Industry Developments   

• In February 2018, Brooks Automation, Inc. announced the launch of new FluidX AcoustiX Sample Tube for the increased efficiency and optimizations of high-throughput compound management, developed in collaboration with AstraZeneca and Labcyte, Inc.
• In May 2017, Brooks Automation, Inc. announced the launch of their BioStore IIIv, the industry’s first ever 80°C LN2 Automated Storage System for storing the biological samples
• In December 2016, Hamilton Storage announced the launch of their new SAM HD for the purpose of reliable and automated sample management in the laboratories.