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Global Lab Automation Market by : Complete Analysis of Key Players, Growth Rate, Opportunities, Challenges

Global Lab Automation Market

DBMR has added a new report titled Global Lab Automation Market with analysis provides the insights which bring marketplace clearly into the focus and thus help organizations make better decisions. The research report includes a thorough analysis of the market drivers, restraints, threats, and opportunities while it also addresses the lucrative investment options for the market players in the coming years. This analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimate forecast frame. All the statistics are signified in graphical and tabular format for a clear understanding on facts and figures. By accomplishing an inspiration from the marketing strategies of rivals, businesses can set up inventive ideas and striking sales targets which in turn make them achieve competitive advantage over its competitors.

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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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.

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

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)

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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