Global Lab Automation Market, By Product (Automated Workstations, Microplate Readers, Automated ELISA Systems, Automated Nucleic Acid Purification Systems), Application (Drug Discovery, Diagnostics, Genomics Solutions, Proteomics Solutions, Microbiology, Other Applications), End User (Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Research and Academic Institutes, Forensic Laboratories, Environmental Testing Laboratories, Food & Beverage Industry), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The lab automation market is expected to witness market growth at a rate of 6.05% 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 improving healthcare infrastructure is escalating the growth of lab automation market.
Lab automation refers to the process in which specimen processing equipment is utilized with the purpose of performing clinical research. This process is carried out in order to develop new technology, for improving the productivity and declining the time cycles.
The increase in demand for the lab automation owning to the high accuracy and reproducibility, acts as one of the major factors driving the growth of lab automation market. The rise in research and development activities in the pharmaceutical industries and growth in demand for process automation for food safety accelerate the lab automation market growth. The rise in adoption of these systems due to the standardization of workflows and stringent regulatory control in the healthcare industry further influences the lab automation market. Additionally, research and development activities, surge in healthcare expenditure, improving healthcare infrastructure and expansion of biotechnology and pharmaceutical sector positively affect the lab automation market. Furthermore, integration of AI and analytical tools in laboratory workflows extends profitable opportunities to the lab automation market players in the forecast period of 2021 to 2028.
On the other hand, long gestation period for workflow implementation and slow adoption of automation among small and medium-sized laboratories are factors expected to obstruct the lab automation market growth. Limited feasibility with technology integration in analytical labs is projected to challenge the lab automation market in the forecast period of 2021-2028.
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 localized 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.
Lab Automation Market Scope and Market Size
The lab automation market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyze 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 product, the lab automation market is segmented into automated workstations, microplate readers, automated ELISA systems and automated nucleic acid purification systems. Automated workstations are further segmented into automated integrated workstations, pipetting systems, reagent dispensers and microplate washers. Microplate readers are further segmented into multi-mode microplate readers and single-mode microplate readers. Multi-mode microplate readers are sub-segmented into filter-based, monochromator-based and hybrid. Single-mode microplate readers are sub-segmented into fluorescence, absorbance and luminescence. Automated nucleic acid purification systems are further segmented into off-the-shelf automated workcells, robotic systems, automated storage and retrieval systems, and software. Off-the-shelf automated workcells are sub-segmented into pre-analytical automation, post-analytical automation and total lab automation. Robotic systems are sub-segmented into robotic arms and track robots. Software is sub-segmented into LIMS, ELN, LES, SDMS and Other.
- On the basis of application, the lab automation market is segmented into drug discovery, diagnostics, genomics solutions, proteomics solutions, microbiology and other applications. Drug discovery is further segmented into ADME screening, high-throughput screening, compound management, compound weighing & dissolution and other drug discovery applications. Diagnostics are further segmented into pre-analytics/sample preparation, sample distribution, splitting and archiving and EIA.
- On the basis of end user, the lab automation market is segmented into biotechnology and pharmaceutical companies, hospitals and diagnostic laboratories, research and academic institutes, forensic laboratories, environmental testing laboratories and food & beverage industry.
Global Lab Automation Market Country Level Analysis
The lab automation market is analyzed and market size insights and trends are provided by country, product, application and end user as referenced above.
The countries covered in the global lab automation market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the lab automation market because of the presence of large pharmaceutical companies and surge in investment in drug discovery and genomics sector.
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 lab automation 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 2011-2019.
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 Beckman Coulter, Inc., Tecan Trading AG, Perkinelmer, Inc., Danaher, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Qiagen, F. Hoffmann-La Roche Ltd, Siemens AG, Hamilton Company, Abbott, Aurora Biomed Inc, BD, BioTek Instruments, Inc, Brooks Automation, Inc., Cerner Corporation, Biomérieux SA, Eppendorf AG, LabVantage Solutions, Inc, LabWare among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Lab Automation Market
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