1. Market Research
  2. > Pharmaceutical Market Trends
Global Automated Sample Storage Systems Industry

Global Automated Sample Storage Systems Industry

  • July 2021
  • 195 pages
  • ID: 5960784
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

Abstract:

Global Automated Sample Storage Systems Market to Reach $1.6 Billion by 2026

All types of laboratories need sample storage, irrespective of the type of sample being stored namely chemical or biological. Use of manual storage methods involve use multiple types of sample containers that are stacked haphazardly in several freezers, which also need to be shared with other users. Conventional freezers generally take up a large amount of highly valuable lab space, and also present issues in ensuring sample quality. Crowded samples can create blockages for air flow in the freezers, which can lead to degradation of the samples due to temperature gradients. Also, users will have to spend considerable time searching for their samples, which can also threaten other contents of the freezer as they are exposed to ambient room conditions. There is also risk of samples being inadvertently moved or even mishandled, with lack of documentation preventing tracking of the times freezer content is exposed to ambient conditions. In this regard, the role of automated sample storage system continues to gain importance, enabling comprehensive control over environmental conditions, providing traceability and ensuring proper access. As a result, sample integrity remains unchanged even among shared users.

Biological specimens or biospecimens such as blood, saliva, urine and others are collected for various purposes including normal patient monitoring and for conducting basic, clinical and epidemiological research studies. The reliable access to and appropriate use of biospecimens is a critical contributor to several medical advances including research on heart disease, cancer and AIDs. While biospecimens have been collected for several years, it is only in the recent times that appropriate protocols and practices have been established for collection, storage and processing of the specimens. The biological specimens can be stored under various conditions based on their designed laboratory analyses. Common specimens like serum, DNA and plasma are stored in mechanical freezers at -80°C, while lymphocytes and other cellular specimens are required to be stored in vapor phase of liquid nitrogen at temperatures -150°C or below, in case of a need for long-term cellular viability. On the other hand, compound storage refers to the storage of chemical libraries as well as bios-samples that are used for clinical research and drug discovery purposes. The shift towards automation is leading to the growing prominence of automated biological samples storage systems. Automated freezer systems for instance enable convenience storage as well as retrieval of samples. Automated systems are considered suited for facilities or studies using one or few specimen types to be collected in large volumes for processing and storage. Sample storage systems vary based on sample capacity and sample temperature requirements.

Amid the COVID-19 crisis, the global market for Automated Sample Storage Systems estimated at US$846.8 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2026, growing at a CAGR of 12.2% over the analysis period. Reagents & Consumables, one of the segments analyzed in the report, is projected to grow at a 12.9% CAGR to reach US$1.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the System Units segment is readjusted to a revised 10.8% CAGR for the next 7-year period. This segment currently accounts for a 35.3% share of the global Automated Sample Storage Systems market.

The U.S. Market is Estimated at $330.4 Million in 2021, While China is Forecast to Reach $145.4 Million by 2026

The Automated Sample Storage Systems market in the U.S. is estimated at US$330.4 Million in the year 2021. The country currently accounts for a 33.94% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$145.4 Million in the year 2026 trailing a CAGR of 15.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 11% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR while Rest of European market (as defined in the study) will reach US$167.5 Million by the end of the analysis period.

Biotechnology and pharmaceutical companies, private biobanks, and academic research laboratories are some of the major users of automated sample storage systems. Biobanking segment is likely to witness high growth due to growing use of human biomaterials for performing scientific experiments. The global automated sample storage system market comprises consumables, reagents, and system units. Consumables and reagents dominate the global market for automated sample storage equipment. North America dominates the global market for automated sample storage systems, driven by increasing acceptance of automated systems. European market for automated sample storage systems is benefiting from the increasing focus on research and development. Additionally, rising government support to construct biobanks is fueling demand for automated sample storage systems in the region. In order to conduct biopharmaceutical research, it is critical for countries to construct large sample storage units.

The presence of various leading global biobanks and research institutions is fostering growth for the automated sample storage market in both North America as well as Europe. Ongoing research and development initiatives is fueling demand for the novel systems. Bourgeoning economy and pharmaceutical sector is fueling demand for the advanced technologies in the Asia-Pacific. Significant increase in number of biobanks as well as contract research organizations is opening new avenues of growth for the market participants. In order to tap the available opportunity, companies are devising a broad range of novel technologies. Driven by high population base and growing healthcare sector, demand for automated sample storage systems is gaining momentum in China. Propelled by ongoing research and development initiatives, the market for automated sample storage system is expected to witness robust growth in the Asia Pacific.

By Application, Biological Sample Storage Segment to Reach $1.1 Billion by 2026

Global market for Biological Sample Storage (Application) segment is estimated at US$554.8 Million in 2020, and is projected to reach US$1.1 Billion by 2026 reflecting a compounded annual growth rate of 13.0% over the analysis period. The United States constitutes the largest regional market for Biological Sample Storage segment, accounting for 33.9% of the global sales in 2020. Asia-Pacific is poised to register the fastest compounded annual growth rate of 16.3% over the analysis period, to reach US$123.4 Million by the close of the analysis period.

Select Competitors (Total 66 Featured)
  • Angelantoni Life Science s.r.l.
  • Brooks Automation, Inc.
  • Hamilton Company
  • LICONIC AG
  • Thermo Fisher Scientific, Inc.
  • TTP Labtech Ltd.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Chemoinformatics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • $ 2299
  • November 2021
  • 142 pages

The global chemoinformatics market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of 13% during 2021-2026. Keeping in mind the uncertainties ...

  • World
  • Chronic Disease
  • Pharmaceutical
  • Industry analysis
  • Chronic Disease Prevalence

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on