The laboratory automation market is expected to witness considerable growth in the near future
The information gathered to prepare this Laboratory Automation market report is supported by the most preferred tools i.e. SWOT analysis and Porter’s Five Forces analysis which companies can rely on by full confidence. The details about the competitive landscape play a very important role in the decision on the required enrichments in the product already in the market or the future product. To better generate this promotional report, a good mix of advanced industry information, practical solutions, talent solutions, and advanced technologies are used, which presents an excellent experience for the readers or end users. Additionally, companies can gain information on profitable growth and sustainability program with this report.
The compelling report has been prepared specifically with the needs of businesses of all sizes in mind. Economic intelligence has been used here to generate this market report, which is an essential aspect when it comes to obtaining deep and extensive market insights. Additionally, this report provides details about historical data, current market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities and the technical advancement in related industry.
The global laboratory automation market is expected to grow 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 next market report contains data for the historical year 2017, 2016, the base year for the calculation is 2018 and the forecast period is 2019 to 2026.
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Key Market Competitors: Global Laboratory Automation Market
Some of the major players in the global laboratory 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 Laboratory Automation Market by Equipment (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arm, Automated Storage and Retrieval Systems), Software (Laboratory Information Management System, Laboratory Information System, chromatography data system, electronic lab notebook, scientific data management system), Analyzer (biochemical analyzers, immunological analyzers, hematology analyzers), application (drug discovery, genomics, proteomics, protein engineering, biological analysis, analytical chemistry , systems biology, clinical diagnostics, freeze-drying), end user (biotechnology and pharmaceuticals, hospitals, research institutes, academics, private laboratories), geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecasts up to 2 026
Market Definition: Global Laboratory Automation Market
Laboratory automation is the process in which sample processing equipment is used to perform clinical research. The laboratory automation process is implemented to develop new technologies, increase productivity and reduce time cycles.
Competitive Analysis: Global Laboratory Automation Market
The global laboratory 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 laboratory automation market market shares for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Increased adoption of miniaturization process resulting in low reagent cost and high productivity
- Increased government funding for the development of biotechnology research and drug discovery
- Increase drug discovery and clinical diagnostics
- High initial investments
- Compatibility and portability issues leading to reduced adoption of lab automation in small labs
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Segmentation: global laboratory automation market
- Liquid handlers
- Automated Plate Handlers
- robotic arm
- Automated storage
- Recovery systems
- Management system
- Laboratory information system
- Chromatography Data System
- Electronic lab notebook
- Scientific Data Management System
- Biochemistry analyzers
- Immuno-Based Analyzers
- Hematology analyzer segments
- drug discovery
- High Throughput Screening (HTS)
- Adme Screening
- Weighing and dissolving compounds
- Compound Management
- Protein engineering
- Biological analysis
- Analytical Chemistry
- System biology
- Clinical diagnosis
- Sample preparation
Per end user
- Biotechnology and pharmaceuticals
- Research institutions
- Private laboratories.
Key Market Developments:
- In May 2019, the Labstep announced that it was bringing the Internet of Things to researchers in the lab. This will help to automatically record data which can be used for further analysis
- In May 2019, Beckman Coulter, a global leader in clinical diagnostics, obtained European CE Marking and Chinese Food and Drug Administration approval for the DxA 5000 total laboratory automation solution. The DxA 5000 will help dramatically improve laboratory efficiency.
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Reasons to buy this report
- Current and future prospects of the global laboratory automation market in both developed and emerging markets
- The segment that is expected to dominate the market as well as the segment that holds the highest CAGR during the forecast period
- Regions/countries expected to experience the fastest growth rates during the forecast period
- The latest developments, market shares and strategies employed by major market players
- All segmentations provided above in this report are represented at country level
- All market covered products, product volume and average selling prices will be included as customizable options which may incur little or no additional cost (depending on customization)
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