The global demand for Laboratory Automation Systems Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Laboratory automation system is a multi-disciplinary approach that comprises automated devices, software algorithms, and methodologies used for useful scientific research in laboratories. It plays a critical role in the timely progress and effective research in laboratories. It includes activities such as high-throughput screening, combinatorial chemistry, genotyping, imaging, diagnostics, large-scale biorepositories, etc. It generally consists of robots, conveyor systems, machine vision, and computer hardware and software to increase productivity, elevate experimental data quality, and develop new technologies. A laboratory automation system and a laboratory information system works together and are extensively used by academic, commercial, government researchers, scientists, and engineers.
The rising need to increase productivity, elevate experimental data quality, reduce process cycle times, and enable experimentation of ludicrous scenarios in laboratories will be the critical drivers for this market's growth. Large scale research and technological development activities in the biotechnology and pharmaceutical industries, hospitals and private labs, academic institutes, and research institutes will boost the market growth. The increased adoption of robotics and miniaturized equipment will be a market booster. The largest obstacle to the development of this market is the high expenditure in automation implementation in laboratories.
The 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 inclusive assessment of each application/product segment in the global market of laboratory automation systems.
The entire laboratory automation systems market has been sub-categorized into product, end users and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End Users
- Total Laboratory Automation
- Modular Automation
- Biotechnology & Pharmaceutical Industry
- Academic & Research Institutes
- Diagnostic Centers
- Forensic Laboratories
- Drug Discovery
- Clinical Diagnostics
- Proteomics Solutions
- Genomics Solutions
This section covers regional segmentation which accentuates on current and future demand for laboratory automation systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Laboratory Automation Systems 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 systems market include Agilent Technologies, Thermo Fisher Scientific Inc., Hamilton Robotics, Tecan Group, HighRes Biosolutions, Becton, Dickinson and Co., Roche Holding AG, Abbott Diagnostics, Biotek Instruments Inc., Perkinelmer Inc., Siemens Healthcare, Beckman Coulter Inc., Labware Inc. among others. This section includes 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 on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.