Global Lab Automation Market 2021 Overview with Demographic Data and Industry Growth Trends 2028

The report deals with the new business challenges and investment research on the market which includes market attributes, industry structure, and competitive scenario, the problems, desire concepts, together with business strategies and market effectiveness. This is the exhaustive market research report which studies the challenges, market structures, opportunities, driving forces, and competitive landscape of the business. All the market insights of the report are collected on a worldwide, regional and country basis. The winning Global Lab Automation Market report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining the crucial insight of the market.

The Global Lab Automation Market analysis report includes competitive study, production information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation and revenue analysis up to 2027. This market report involves use of latest tools and techniques for researching, analysing and gathering of data and information. The credible market report performs systematic gathering, recording and analysis of data about the issues related to the marketing of goods and services and serves the businesses with an excellent market research report. The comprehensive report provides intelligent solutions to the complex business challenges and commences an effortless decision-making process.

Global Lab Automation Market is expected to rise from its initial estimated value of USD 5.3 billion in 2018 to an estimated value of USD 8.4 billion by 2026 registering a CAGR of 5.8%. The upcoming market report contains data for historic year 2017, 2016, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Key Market Competitors: Global Lab Automation Market

Some of the major players of the global lab automation market 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 others

Global Lab Automation Market By Equipment (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arm, Automated Storage & Retrieval Systems), Software (Laboratory Information Management System, Laboratory Information System, Chromatography Data System, Electronic Lab Notebook, Scientific Data Management System), 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), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Definition: Global Lab Automation Market

Lab automation is the process in which specimen processing equipment is used in order to perform clinical research. Lab automation process is carried out to develop new technology, increase productivity and reduce the time cycles.

Competitive Analysis: Global Lab Automation Market

The global lab automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of lab automation market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers

  • Increased adoption of miniaturization process resulting in low reagent cost and high productivity
  • Increased government funding for the development of biotech and drug discovery research
  • Increasing drug discovery and clinical diagnostics

Market Restraint

  • High initial investments
  • Compatibility and portability issues resulting in reduced adoption of lab automation in small laboratories

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Segmentation: Global Lab Automation Market

By Equipment

  • Liquid handlers
  • Automated plate handlers
  • Robotic arm
  • Automated storage
  • Retrieval systems

By Software

  • Management system
  • Laboratory information system
  • Chromatography data system
  • Electronic lab notebook
  • Scientific data management system

By Analyzer

  • Biochemistry analyzers
  • Immuno-based analyzers
  • Hematology analyzers segments

By Application

  • Drug discovery
    • High-Throughput Screening (HTS)
    • Adme Screening
    • Compound Weighing and Dissolution
    • Compound Management
    • Others
  • Genomics
  • Proteomics
  • Protein engineering
  • Bio analysis
  • Analytical chemistry
  • System biology
  • Clinical diagnostics
    • Sample Preparation
    • Splitting
    • Archiving
    • EIA
  • Lyophilization

By End User

  • Biotechnology & pharmaceuticals
  • Hospitals
  • Research institutions
  • Academics
  • Private labs.

Key Developments in the Market:

  • In May, 2019, the Labstep announced that they are bringing Internet of Things to lab researchers. This will help to record the data automatically which can be used for further analysis
  • In May 2019, Beckman Coulter a global leader in clinical diagnostics has achieved European CE Mark and China Food and Drug Administration approval for the DxA 5000 total laboratory automation solution. The DxA 5000 will help to significantly improve laboratory efficiency.

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Reasons to Purchase this Report

  • Current and future of global lab automation market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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