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.
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
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.
Table of Content:
Market Overview: The report begins with this section where product overview and highlights of product and application segments of the Lab Automation Market are provided. Highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.
Competition by Company: Here, the competition in the Worldwide Lab Automation Market is analyzed, by price, revenue, sales, and market share by company, market rate, competitive situations Landscape, and latest trends, merger, expansion, acquisition, and market shares of top companies.
Company Profiles and Sales Data: As the name suggests, this section gives the sales data of key players of the Lab Automation Market as well as some useful information on their business. It talks about the gross margin, price, revenue, products, and their specifications, type, applications, competitors, manufacturing base, and the main business of key players operating in the Lab Automation Market.
Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the Lab Automation Market is deeply analyzed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.
Application or End User: This section of the research study shows how different end-user/application segments contribute to the Lab Automation Market.
Market Forecast: Here, the report offers a complete forecast of the Lab Automation Market by product, application, and region. It also offers global sales and revenue forecast for all years of the forecast period.
Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.
Highlights of the worldwide Report:
Imperative alteration of the market dynamics
Broad-gauge analysis of the parent market
Market share study
Estimate the role of business growth and advancement
Current, historic, and future research in terms of importance and volume
Main strategies of the foremost important players
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