Asia-Pacific Lab Automation Market has been Driven by Increase in R&D Expenditure by Pharmaceutical and Biopharmaceutical Companies and Increasing Geriatric Population in the forecast period of 2019-2026

Asia-Pacific Lab Automation Market is projected to register a substantial CAGR in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Drivers: Asia-Pacific Lab Automation Market

  • Increase in R&D expenditure by pharmaceutical and biopharmaceutical companies
  • Increasing geriatric population

Restraints:

  • High cost of laboratory equipment & software

Opportunities:

  • Technological advancements in lab automation
  • Strategic initiatives by market players

Challenge:

  • Shortage of skilled labour

Market Trends:

Asia-Pacific Lab Automation Market is segmented into four notable segments which are product type, automation type, application and end user.

  • On the basis of product type, the market is segmented into equipment, software & informatics and analyser. In 2019, equipment segment is expected to dominate the Asia-Pacific lab automation market with largest market share because equipment are widely used in various industries such as pharmaceutical, biotechnology for the detection of errors as well as provides better accuracy result.
  • On the basis of automation type the market is segmented into modular automation and total lab automation.
  • On the basis application, the market is segmented into drug discovery, clinical diagnostics, bio analysis, analytical chemistry, protein engineering, proteomic solutions, lyophilisation, system biology and others. In 2019, drug discovery segment is expected to dominate the Asia-Pacific lab automation market with largest market share because various type of lab automation equipment, software’s are widely used in drug discovery for practical identification of different kind of drug target.
  • On the basis of end users, the market is segmented into biotechnology & pharmaceuticals, hospitals, research institutions, academics and private labs.

Major Players: Asia-Pacific Lab Automation Market

Some of the major players operating in the Asia-Pacific lab automation market are F. Hoffmann-La Roche Ltd, Siemens, Abbott, Agilent Technologies, Inc., Danaher, BD, PerkinElmer Inc., bioMérieux SA, Bio-Rad Laboratories, Inc., Brooks Automation, Inc., Hamilton Company, Hudson Robotics, LabWare, Thermo Fisher Scientific Inc. among others.

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