Global Modular Lab Automation Market to Reach $4.6 Billion by 2026

SAN FRANCISCO , April 18, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Modular Laboratory Automation – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.

Global Modular Lab Automation Market to Reach $4.6 Billion by 2026

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Editing: 7; Published: February 2022
Executive Pool: 5996
Companies: 46 – Players covered include Agilent Technologies, Inc.; Coulter Beckman, Inc.; Becton, Dickinson and company; Bio-Rad Laboratories, Inc.; Eppendorf AG; F. Hoffmann-La Roche Ltd; Honeywell International Inc.; Hudson Robotics, Inc.; PerkinElmer, Inc.; QIAGEN SA; Shimadzu scientific instruments; Siemens Healthineers; Synchron Lab Automation; Tecan Group Ltd. ; Thermo Fisher Scientific, Inc. and others.
Cover: All major geographies and key segments
segments: Equipment and software (automated liquid handlers, automated plate handlers, robotic arms, automated storage and retrieval systems (ASRS), software, analyzers); and end use (hospitals and diagnostic laboratories, pharmaceutical and biotechnology companies and other end uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.

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ABSTRACT-

Global Modular Laboratory Automation Market to Reach $4.6 billion by 2026

Lab automation is a proactive and personalized process, involving automation from the analytical process to the total lab process. Lab automation is gradually moving towards modular lab automation systems, which offer more flexibility and take up less space. Rapid advances in laboratory automation have further led to the evolution of automated analytical and clinical testing, high-throughput screening, large-scale biodeposits, diagnostics, and combinatorial chemistry laboratories. Amid COVID-19 crisis, Global Modular Laboratory Automation Market Estimated at US$3.6 billion in 2022, is expected to reach a revised size of US$4.6 billion by 2026, registering a compound annual growth rate (CAGR) of 6.1% over the analysis period. United States represents the largest regional market for modular laboratory automation and is expected to reach US$2.4 billion by 2026. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 8.4% over the analysis period.

The dynamics of the modular laboratory automation market are expected to remain robust in the coming years. Concerns about skilled labor shortages, the pressing need for faster, error-free, high-quality laboratory analysis, and the continued drive for total laboratory automation (TLA) would pave the way for growth progressive market. Continuous advancements in technology and deployment of sophisticated modular platforms for diagnostic and research laboratories would aid in the growth of the market. Improving the healthcare infrastructure of developing regions would play a vital role in the future growth of the market. Rising awareness of various diagnostic procedures and increased emphasis on early detection for better therapeutic results are the major factors driving the demand for high-tech laboratory technologies in the United States. The rising incidence of cancer, heart disease as well as other neurodegenerative disorders in the country is driving wider deployment of advanced laboratories with end-to-end automation capabilities. Factors such as increased public and private sector investment in life sciences and healthcare, increased incidence of chronic and lifestyle diseases, improved access to healthcare and increasing levels of awareness are driving the market growth in developing regions. Chinain particular, is expected to spearhead growth, due to healthcare infrastructure modernization efforts and growing demand for laboratory services in clinical and diagnostic laboratories.

Automated liquid handlers are the largest type of equipment in the modular lab automation market. Automated liquid handling devices of various types are widely used in laboratories and include automated pipetting stations, automated liquid handlers, automated dilutors, and titrators. Automated liquid handling equipment parts automate the laboratory process of well plate handling and sample preparation. These automated liquid handling devices minimize the risk of conventional pipetting errors. Robotic equipment is a programmable device to perform various laboratory functions. For example, robotic devices are designed to manipulate microplate instruments such as dispensers and stackers. Stackers are used to move the microplate from one platform/place to another, while dispensers deliver the measurable amount of material to the microplates. These robotic systems are operated automatically or designed as computer-controlled. These robotic systems are more accurate, decrease sample contamination and minimize manual errors. Automated pipetting robots help eliminate human error and inter-operator variability on pipetting volumes throughout the pipetting process, from filling the plate and adding reagents to serial dilutions. A significant trend impacting the laboratory automation systems market is the reduction in sample load volumes to microliters and nanoliters. As smaller volume sizes require less reagents, the cost per test is significantly reduced. After

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