Market Analysis: Global Automated Sample Storage Systems Market

Global Automated Sample Storage Systems Market is expected to rise from its initial estimated value of USD 833.84 million to an estimated value of USD 2202.63 million by 2026, registering a CAGR of 12.91% in the forecast period of 2019-2026. Increasing demand for automated sample storage systems from research laboratory is driving the growth of this market.

Few of the major competitors currently working in the automated sample storage systems market are Hamilton Company, Brooks Automation, Inc., TTP Labtech, Thermo Fisher Scientific Inc., Angelantoni Life Science, LiCONiC AG, PHC Holdings Corporation, Biotron Healthcare, Haier Inc., ASKION, TSUBAKIMOTO CHAIN CO., Swisslog Holding Ltd., LabWare, Kardex Group, B Medical Systems, and Oxford Instruments among others.

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Market Definition: Global Automated Sample Storage Systems Market

Automated sample storage methods are specially designed for the laboratories so, that they can easily manage and monitor the forensic sample reports. They are widely used in hospitals, chemical industries, biopharmaceutical industries etc. There is an increase in the R&D investment in pharmaceutical and life science is fueling the growth of this market.

Market Drivers

Increasing research in pharmaceutical’s and life science are driving the growth of this market
Reduced labor cost is driving the growth of this market

Market Restraints

High installation cost is restraining the growth of this market.
The requirement for consecutive electricity is restraining the growth of this market
Segmentation: Global Automated Sample Storage Systems Market
By Product Type
 System Unit
 Reagents and Consumables
By End- User
 Hospitals
 Diagnostic Labs
 Chemical Industries
 Biopharmaceutical Industries
 Research Laboratories
By Application
 Biological Sample Storage
 Compound Storage
By Capacity
 Less Than 100K Samples
 100K – 500K Samples
 500K – 2M Samples
 More Than 2M Samples
By Geography
North America
US.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia-Pacific
Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa

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Key Developments in the Market:

In November 2018, Oxford Instruments announce the launch of their new sample automation system MQ-Auto which is specially designed for MQC+ range of benchtop Nuclear Magnetic Resonance (NMR) analyzers. This system is specially designed to enhance the productivity and can be used without any experts.
In December 2016, Hamilton Storage announced the launch of new low-capacity automated sample management system SAM HD. It is a reliable solution for the lab so that it can change from manual to automated sample storage. It has a user- friendly touchscreen PC along with INSTINCT S Software.
Competitive Analysis: Global Automated Sample Storage Systems Market

Global automated sample storage systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automated sample storage systems market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.