The global laboratory automation systems market is expected to reach a market size of USD 6.39 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research.
Laboratory automation systems are playing a key role in optimizing and maximizing the accuracy of laboratory test results and reducing human errors, while simultaneously ensuring that tests are conducted fast and efficiently. These systems also enable laboratories to deliver more accurate reports and generates data faster which ensures actionable data is available on short notice and for proper review.
A key factor driving increasing demand for laboratory automation systems is that adoption helps laboratories to reduce manual efforts and work, as automation solutions can finish many testing processes that would otherwise require a considerable amount of manual effort and time. Moreover, automation systems optimize and improve productivity ratio of labs and significantly decrease costs that may arise due to wastage.
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Report Objective:
The report offers a complete analysis of the global Laboratory Automation Systems Market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Tecan Group., PerkinElmer, Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, F. Hoffmann-La Roche, QIAGEN N.V., Siemens Healthineers, Eppendorf AG, bioMérieux, and Abbott and others are some of the top companies profiled in the report.
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Key Findings in the Report:
In February 2020, Tecan launched Rapid EZ DNA-Seq library preparation kit, which is an end-to-end solution for PCR-free generation of NGS libraries in just 2.5 hours. The kit uses Tecan’s robust enzymatic DNA fragmentation and DimerFree library construction technologies, which eliminates the need for tedious optimization regardless of input amount.
In August 2019, Agilent acquired BioTek Instruments. The acquisition helped Agilent to expand its presence and expertise in cell analysis as well as create a robust position in large and growing immuno-oncology and immunotherapy areas.
The market in Europe accounted for second-largest revenue share of 25.2% in 2020. Key driving factors include rising focus on laboratory research and increasing funding by investors and international organizations.
Emergen Research has segmented the laboratory automation systems market based on product, application, end-use, and region:
Product Outlook (Revenue: USD Billion; 2020–-2028)
Robotic Arm
Microplate Readers
Automated Workstation
Others
Application Outlook (Revenue: USD Billion; 2020–-2028)
Drug Discovery
Clinical Diagnostics
Microbiology
Genomics
Proteomics
End-Use Outlook (Revenue: USD Billion; 2020–-2028)
Biotechnology
Pharmaceutical
Diagnostics lab
Forensics
Others
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Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Laboratory Automation Systems market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Laboratory Automation Systems market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Laboratory Automation Systems market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Key Questions Addressed in the Report:
Who are the leading players in the Laboratory Automation Systems industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Laboratory Automation Systems?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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