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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.
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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.
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.
By Product Type
· System Units
· Reagents & Consumables
· Less than 100k
· 500k-2 Million
· More Than 2 Million
· Biological Sample
· Chemical Compound Sample
By End User
· Pharmaceutical & Biotechnology Companies
· Academic & Research Institutions
· Private Biobanks
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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.
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.
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