Asia-Pacific Lab Automation Market, By Equipment (Automated Liquid Handlers, Automated Plate Handlers, Robotic Systems, Automated Storage and Retrieval Systems, Off-the-shelf Automated Workcells), Software (Laboratory Information Management System, Laboratory Information System, Chromatography Data System, Electronic Lab Notebook, Scientific Data Management System), Analysers (Biochemistry Analysers, Immuno-based Analysers, Haematology Analysers), Application (Drug Discovery, Genomics, Proteomics, Protein engineering, Bio Analysis, Analytical Chemistry, System Biology, Clinical Diagnostics, Lyophilization), End-User (Biotechnology and Pharmaceuticals, Hospitals, Research Institutions, Academics, Private Labs), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)-Industry Trends and Forecast to 2028.
The lab automation market is expected to witness market growth at a rate of 7.24% in the forecast period of 2021 to 2028. Data Bridge Market Research report on lab automation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the geriatric population is escalating the growth of lab automation market.
The healthcare industry is undergoing numerous changes as result of desire for speed, consistency and preciseness which has to be the introduction of automation. The use laboratory automation allows the technicians and scientists to produce the output more efficiently. It has dedicated workstations as well as software that enable for real time analysis of result. The laboratory automation has also been implemented by biotechnology & pharmaceuticals industries which have heled to reduce manual work and also save time.
Major factors that are expected to boost the growth of the lab automation market in the forecast period are the rising adoption of miniaturization process that will result in low cost of reagent and high productivity. Furthermore, the growing government funding for drug discovery research and increase in the clinical diagnostics is further anticipated to propel the growth of the lab automation market. On the other hand, high cost of investment is further projected to impede the growth of the lab automation market in the timeline period.
In addition, the emerging new markets will further provide potential opportunities for growth of the lab automation market in coming years. However, the issue pertaining, and compatibility might further challenge the growth of lab automation market in the near future.
This lab automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lab automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Lab Automation Market Scope and Market Size
The lab automation market is segmented on the basis of equipment, software, analysers, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of equipment, the market is segmented into automated liquid handlers, automated plate handlers, robotic systems, automated storage & retrieval systems, and off-the-shelf automated workcells. Robotic systems have been further sub-segmented into robotic arms and track robots. Off-the-shelf automated workcells have been further sub-segmented into pre-analytical automated systems, post-analytical automated aystems and total lab automation systems.
- On the basis of software, the market is segmented into laboratory information management system, laboratory information system, chromatography data system, electronic lab notebook, and scientific data management system.
- On the basis of analyzers, the market is segmented into biochemistry analyzers, immuno-based analyzers, and hematology analyzers.
- On the basis of application, the market is segmented into drug discovery, genomics, proteomics, protein engineering, bio analysis, analytical chemistry, system biology, clinical diagnostics, and lyophilisation. Drug discovery have been further sub-segmented into high-throughput screening (HTS), ADME screening, compound weighing and dissolution, compound management and others. Clinical diagnostics have been further sub-segmented into sample preparation, splitting, archiving and EIA.
- On the basis of end user, the market is segmented into biotechnology & pharmaceuticals, hospitals, research institutions, academics, and private labs.
Lab Automation Market Country Level Analysis
The lab automation market is segmented on the basis of equipment, software, analysers, application and end user.
The countries covered in the lab automation market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan dominates the lab automation market due to the growing research and development in the pharmaceutical industry because of attractiveness of the medicine sector. Furthermore, the government initiatives to minimize healthcare spending will further boost the growth of the lab automation market during the forecast period. India is projected to observe significant amount of growth in the lab automation market due to the growing need for multiple vaccines around the world.
The country section of the lab automation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The lab automation market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the lab automation market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Lab Automation Market Share Analysis
The lab automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lab automation market.
The major players covered in the lab automation market report are BROOKS AUTOMATION, INC., Hamilton Company, Abbott, bioMérieux SA, Eppendorf AG, Siemens, F. Hoffmann-La Roche Ltd, QIAGEN, Tecan Trading AG Switzerland, PerkinElmer Inc., Thermo Fisher Scientific, Danaher, Agilent Technologies, Inc., BioTek Instruments, Inc., BD, and Cerner Corporation among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Asia-Pacific Lab Automation Market
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