Lab Automation Market is expected to grow in upcoming years due to factors such as miniaturization of process and rise in demand for lab automation equipment in drug discovery and clinical diagnostics.
Lab automation or laboratory automation helps in developing and optimizing technologies regarding clinical and research laboratories. Lab automation helps in achieving higher level of performance in lesser time. It has assisted in rise of productivity and decreasing the lab process cycle times and elevating the experimental data quality and allowing easy experimentation. The lab automation system includes development of laboratory information (management systems) and advancement of pre and post analytical automation. Thus, lab automation technology is expected to achieve higher level performance for the market.
COVID-19 scenario analysis:
To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.Considering these factors, COVID -19 is expected to have significant impact on Lab Automation Market.
Top Impacting factors:
Factors such as miniaturization of process and rise in demand for lab automation equipment in clinical diagnostics and drug discovery is expected to drive the lab automation market growth.
Lab automation equipment has enhanced the productivity and assured personal safety, also reduced the cost of samples and reagents.
Need for instruments, devices and software for increasing productivity and improved workflow coverage are the opportunities to grow the lab automation market in upcoming years.
Rise in prevalence of infectious diseases and increase in number of clinical studies is expected to increase the number of diagnostics tests in the laboratories.
New Product Launch / News:
In May 2019, Beckman Coulter received European CE Mark and China Food and Drug Administration approval for the DxA 5000 total laboratory automation solution. The DxA 5000 will help in Improving efficiency of laboratories.
In May, 2019, the Labstep announced the service Internet of Things to lab researchers. This will help to record the data automatically which can be used for further analysis.
In October 2018, Abbott announced the launch of two web-based laboratory information management systems, such as STARLIMS Life Sciences Solution CL 11.0 and STARLIMS Quality Manufacturing Solution QM 11.1. This will enable laboratories to make data management simpler, better integrated, and more user-friendly.
Key benefits of the report:
This study presents the analytical depiction of the GlobalLab AutomationMarket along with the current trends and future estimations to determine the investments.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of theLab Automation Market share.
The current market is quantitatively analyzed to highlight theLab Automation Market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailedLab AutomationMarketanalysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in theLab AutomationMarketReport:
What are the leading market players active inLab Automation Market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?
What Segments and region will drive the market growth & why?
What are the major end users for Lab Automation Market?
Lab Automation Market Report Highlights
By End Users
Key Market Players
Eppendorf, Thermo Fisher Scientific, QIAGEN., Abbot Diagnostics, Agilent Technologies, Roche Diagnostics, Hamilton Robotics, PerkinElmer, Tecan Group, Siemens Healthcare