DUBLIN–(BUSINESS WIRE)–Added the “Laboratory Automation in Genomics Market – Growth, Trends, Impact of COVID-19 and Forecasts (2022-2027)” report has been added ResearchAndMarkets.com Offer.
The global laboratory automation in genomics market is anticipated to grow at a CAGR of 7.70% during the forecast period (2021-2026). With advances in technology and increased computing power, knowledge of genome sequencing has greatly improved in relation to advances in data analysis that reveal unknown correlations, hidden patterns and other insights, especially when it comes to testing datasets at scale.
In addition, new advances in medicine are being made rapidly, largely due to recent developments in genomic analysis. DNA sequence analysis provides a clearer understanding of how genetic variation leads to disease and will ultimately lead to new cures. In addition, laboratory automation has made room for great flexibility, higher throughput and affordable solutions. It offers faster handling and the process can be sped up without worrying about lack of reliability and precision. Genotyping and DNA sequencing have been very affordable, making the growth rate robust.
Advances in DNA sequencing technology have made them cheaper and more accessible than before, leading to a surge in genetic testing startups. To bring the price down, companies like Color Genomics and Counsyl have built their sequencing labs and analysis software from the ground up, using robots and machine learning to streamline operations.
Various genomics applications that incorporate automation into their processes include nucleic acid isolation, RNAi screening, CRISPR analysis, PCR, and gene expression analysis. Players/vendors in laboratory automation are developing tools that address these application needs. For example, in July 2021, the Tecan Group released its new “Fluent Automation Workstation” platform, which includes various functions to simplify daily laboratory automation and increase worker productivity. During a run, the system reacts dynamically and makes adjustments based on actual times needed to maintain continuously optimal throughput, all of which can be viewed in real-time via an easy-to-understand Gantt chart.
In addition, the companies’ other product launches will be launched through partnerships, increasing automation market share in genomics. For example, in January 2021, nRichDX Inc. announced the “Semi-Automated Revolution” sample preparation workflow to increase sensitivity, yield and throughput by providing exponentially more target cfDNA for molecular testing while reducing technician time.
Since the beginning of the COVID-19 epidemic, laboratories have converted their premises and resources into COVID-19 testing facilities, leading to increased adoption of automation equipment. The University of Washington labs were the first to do so. The Broad Institute followed an announcement of the conversion of its clinical processing laboratory into a large-scale COVID-19 testing facility.
Key Market Trends
Automated liquid handlers are witnessing high growth
Cross-contamination is a major problem in the genomics laboratory that can be avoided by implementing automated systems to manage the reagents and reaction mixes. Taking out human intervention is thought to help achieve more consistency.
Many technological advances have been made in the molding of plastics, reducing the volumes of reagents used and allowing smaller volumes of liquid to be easily handled. These advances have favored the development of micro and nanoliter plates to match automated liquid handling equipment.
Leading companies have set the benchmark for the development of automated liquid handlers. These companies are constantly investing in the development of premium products to increase the productivity of the process.
According to the Robotic Industries Association, the life sciences sector has the third highest growth in industrial robots, including automated liquid handlers, automated plate handlers, and robotic arms to meet demand.
Main topics covered:
2 RESEARCH METHOD
4 MARKET INSIGHTS
5 MARKET DYNAMICS
6 MARKET SEGMENTATION
7 COMPETITIVE LANDSCAPE
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
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