Global Automated Sample Storage Systems Market is valued at approximately USD 942 million in 2019 and is anticipated to grow with a healthy growth rate of more than 12.9% over the forecast period 2020-2027. Automated sample storage systems are a sort of computer-controlled storage devices utilized for the safety of samples, such as biological samples and chemical compounds. These systems assist laboratory facilities to retrieve and store samples competently as and when needed. The systems differ from manually controlled, comparatively simple and compact-sized storage operating devices to large computer controlled automated storage devices. More often these systems help to lower labor costs and reduce vital workforce requirements, enhancing workplace safety and carrying personnel out from challenging working conditions, such as cold storage environments. Therefore, these factors may strengthen the adoption for automated storage systems worldwide. Furthermore, the rise in research and development activities in laboratories, along with the increase in prevalence of chronic diseases, such as cancer and immunological disorder are the few factors responsible for the high CAGR of the market during the forecast period. For instance, the National Cancer Institute (NIH) assessed that the prevalence of cancer has a major impact on society across the United States and in the world. As of January 2019, there were around 16.9 million cancer patients reported in the United States and is likely to increase to almost 22.2 million by the year 2030. Also, in 2020, an estimated 1,806,590 new cases of cancer were found and will be diagnosed in the United States. Similarly, according to the National Center for Biotechnology Information (NCBI), the total cancer cases were almost 979,786 in 2010 and is reached to almost 1,148,757 cases in 2020. This, in turn, is expected to leverage the market growth during the forecast period. However, the high installation and maintenance cost, coupled with uninterrupted electricity problem are the few major factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Automated Sample Storage Systems market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in research & development activities in research laboratories, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in prevalence of cancer and immunological disorder, along with the increasing healthcare infrastructure in developing countries, such as China and India, would create lucrative growth prospects for the automated sample storage systems market across the Asia-Pacific region.

Major market player included in this report are:
Brooks Automation
TTP LabTech
Thermo Fisher Scientific Inc.
Hamilton Company
Angelantoni Life Science
Panasonic Healthcare
Biotron Healthcare
Haier BioMedical
ASKION GmbH
Tsubakimoto Chain

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Products:
Automated Compound Storage Systems
Automated Liquid Handling Systems
Others

By Sample Type:
Biological Samples
Chemical Compounds
Others

By End-User:
Pharmaceutical and Biotech Companies
Chemical Industries
Private Biobanks
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of the Global Automated Sample Storage Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors