North America Lab Automation Market, By Software (Laboratory Information Management System, Laboratory Information System, Chromatography Data System, Electronic Lab Notebook, Scientific Data Management System), Equipment (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arm, Automated Storage & Retrieval Systems), Analyzer (Biochemistry Analyzers, Immuno-based Analyzers, Hematology Analyzers), Application (Drug Discovery, Genomics, Proteomics, Protein engineering, Bio Analysis, Analytical Chemistry, System Biology, Clinical Diagnostics, Lyophilization), End-User (Biotechnology & Pharmaceuticals, Hospitals, Research Institutions, Academics, Private Labs), Country (U.S., Canada, and Mexico), Industry Trends and Forecast to 2028
Lab automation market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of 3.14 Billion USD and grow at a CAGR of 5.21% in the above-mentioned forecast period. Rising surge in the adoption of the miniaturization process resulting in low reagent cost and high productivity drives the lab automation market.
The healthcare industry is growing at an extensive rate through various innovations due to the demand for speed, consistency and preciseness which has enabled the adoption of automation. Laboratory automation allows the technicians and scientists to deliver output more effectively and efficiently. It comprises of dedicated workstations and software that allow performing real time result analysis. The pharmaceuticals and biotechnology companies have also adopted laboratory automation as it has helped to reduce the manual labor involved and has enabled to save time.
Rising benefits of lab automation is the vital factor escalating the market growth, also increasing geriatric population, rising progressing markets of drug discovery and diagnostics, rising government funding for biotech and drug discovery research, rising government funding for the development of biotech and drug discovery research, rising drug discovery and clinical diagnostics, increase in number of research and development activities and rising advantages offered by automated laboratories are the major factors among others driving the lab automation market. Moreover, rising emerging markets provide an array of opportunities to market players, wide scope and increasing adoption in microbiology and rising biobanking applications will further create new opportunities for lab automation market in the forecasted period of 2021-2028.
However, low priority for lab automation among small and medium-sized laboratories, increased initial investments and Compatibility and rising portability issues resulting in reduced adoption of lab automation in small laboratories are the major factors among others which will obstruct the market growth, while lack of integration will further challenge the growth of lab automation market in the forecast period mentioned above.
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.
Lab Automation Market Scope and Market Size
Lab automation market is segmented on the basis of software, equipment, analyzer, 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 software, the lab automation market is segmented into laboratory information management system, laboratory information system, chromatography data system, electronic lab notebook and scientific data management system.
- Based on equipment, the lab automation market is segmented into automated liquid handlers, automated plate handlers, robotic arm, automated storage and retrieval systems.
- Based on analyzer, the lab automation market is segmented into biochemistry analyzers, immuno-based analyzers and Hematology analyzers.
- Based on application, the lab automation market is segmented into drug discovery, genomics, proteomics, protein engineering, bio analysis, analytical chemistry, system biology, clinical diagnostics and lyophilization. Drug discovery has been further segmented into high-throughput screening (HTS), adme screening, compound weighing and dissolution, compound management and others. Clinical diagnostics have been further segmented into sample preparation, splitting, archiving and EIA.
- The lab automation market is also segmented on the basis of end-user into biotechnology and pharmaceuticals, hospitals, research institutions, academics and private labs.
Lab Automation Market Country Level Analysis
Lab automation market is analysed and market size insights and trends are provided by country, software, equipment, analyzer, application and end-user as referenced above.
The countries covered in the lab automation market report are U.S., Canada, and Mexico.
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 regional 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
Lab automation market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, 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 2010 to 2019.
Competitive Landscape and Lab Automation Market Share Analysis
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, regional 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 Abbott, Hamilton Company., bioMérieux SA, Siemens, F. Hoffmann-La Roche Ltd, QIAGEN, PerkinElmer Inc., Thermo Fisher Scientific Inc., Danaher, Agilent Technologies, Inc., BioTek Instruments, Inc., Hudson Robotics, Inc., Aurora Biomed Inc., BD, LabWare, Brooks Automation, Inc., and Cerner Corporation among other domestic players. Market share data is available for North America only. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Lab Automation Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.