The global demand for Laboratory Automation Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Laboratory Automation or lab automation is an integrative approach to developing, research, optimizing, and capitalizing on technologies in the laboratory. This system contains automated lab instruments, software, and devices, which provides benefits such as increasing productivity, reducing cycle time, enhancing data quality, and improving workflow coverage. Also, this system aids in achieving higher levels of performance in less time and eliminates human errors. Additionally, the system consists of developing the laboratory information (management) systems (LIS/LIMS) and improving pre and post-analytic automation. Thus, lab automation becomes essential in laboratories for handling high volumes of the sample at a faster rate.
The market is mainly driven by the rising demand for lab automation in the biotechnology and pharmaceutical industry. The growth of this market can be attributed to upsurge demand in drug discovery and clinical diagnostics and rising expenditure in pharmaceuticals sectors. Other factors such as the need for software and devices to increasing productivity, need for the instrument, and established workflow coverage are expected to add new avenues for the market over the forecast period. However, the high cost of automation is likely to impede the growth of the market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of laboratory automation. The growth and trends of laboratory automation industry provide a holistic approach to this study.
This section of the laboratory automation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Equipment and Software
- Automated Workstations
- Off-the-shelf Automated Workcells
- Robotic Systems
- Automated Storage & Retrieval Systems (ASRS)
- Drug Discovery
- Clinical Diagnostics
- Microbiology Solutions
This section covers the regional outlook, which accentuates current and future demand for the Laboratory Automation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Laboratory Automation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the laboratory automation market include Tecan Group Ltd., Thermo Fisher Scientific Inc., Danaher Corporation, Hamilton, F. Hoffmann-La Roche Ltd., Qiagen N.V., Abbott Laboratories, Siemens AG, PerkinElmer Inc., Agilent Technologies, Inc., bioMerieux and Eppendorf. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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