0
2019
Laboratory Automation Market

Laboratory Automation Market

by Product Type (Equipment and Software & Informatics), Application (Drug Discovery, Clinical Diagnostics, Genomics Solutions, and Proteomics Solutions), and End User (Biotechnology & Pharmaceutical Industries, Research Institutes, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
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Report Code: A02375
Pages: 270
Nov 2019 | 13228 Views
Author(s) : Sanjivan Gill , Onkar Sumant
Tables: 120
Charts: 72
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Laboratory Automation Market Overview:

The global laboratory automation market size was valued at $4,884 million in 2018, and is projected to reach $8,424 million by 2026, registering a CAGR of 6.9%. Laboratory automation is a multi-disciplinary innovative approach used in the laboratory to increase productivity, reduce times, and increase efficiency of the laboratory process.  The laboratory automation market is anticipated to exhibit market growth during the forecast period due to technological advancements in laboratory equipment, and growth in adoption of automated laboratory equipment in pharmaceutical & R&D institutes. In addition, rise in demand for miniaturize process equipment further supports the market growth. However, higher initial investment impedes the market growth.

Laboratory Automation Market Segmentation

Laboratory Automation Market Size, Share, Growth & Segmentation By Product Type (Equipment and Software & Informatics), Application (Drug Discovery, Clinical Diagnostics, Genomics Solutions, and Proteomics Solutions), and End User (Biotechnology & Pharmaceutical Industries, Research Institutes, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
 
 

Laboratory Automation Market

Segment review

By product, the market is categorized into equipment and software & informatics. At present, the equipment segment is the major revenue contributor and is estimated to grow significantly during the forecast period. Some key factors such as rise in demand for automated laboratory equipment, and technological advancements are majorly driving the market share.

Laboratory Automation Market
By Product

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Equipment is projected as one of the most lucrative segment.

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By end user, the global laboratory automation market is categorized into biotechnology & pharmaceutical industries, research institutes, and others. Presently, the biotechnology & pharmaceutical industries segment is the major revenue contributor owing to large presence of pharmaceutical companies worldwide with increase in adoption of robotics & laboratory automation. In addition, laboratory automation has shifted from the support of products manufacturing & quality control in laboratory applications, to R&D within pharmaceutical companies; this factor further supports the market growth.

Laboratory Automation Market
By End User

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Biotechnology & Pharmaceutical Industries holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

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Snapshot of Asia-Pacific laboratory automation market

Asia-Pacific presents lucrative opportunities for the key players operating in the laboratory automation market. Surge in awareness about advanced laboratory automation systems, rise in number of pharmaceutical companies, and increase in demand for laboratory automation systems support the market growth. However, higher cost of laboratory automation systems hamper the market growth in Asia-Pacific. In addition, factors such as improvement in healthcare infrastructure, rise in number of hospitals equipped with advanced medical facilities, the developing R&D sector, and rise in healthcare reforms drive the market growth. Furthermore, surge in focus of leading manufacturers on expanding their geographic presence in emerging countries in Asia-Pacific further creates growth opportunities in this region.

Laboratory Automation Market
By Region

2026
Europe 
North America
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 8.3% during 2019-2026.

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The key players profiled in this report include Agilent Technologies, Inc., BioMerieux SA, Danaher Corporation, F. Hoffmann-La Roche AG, Hamilton Robotics, PerkinElmer, Inc., Qiagen N.V., Siemens AG, Tecan Group Ltd., and Thermo Fisher Scientific Inc.

Key Benefits for Laboratory Automation Market:

  • The study provides an in-depth analysis of the laboratory automation market share along with the current trends and future estimations to elucidate the imminent investment pockets.
  • It offers laboratory automation market analysis from 2019 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
  • A comprehensive analysis of all the geographical regions is provided to determine the prevailing opportunities.
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and global laboratory automation market growth.

Laboratory Automation Key Market Segments:

  • By Product
    • By Product Type
      • Equipment
        •  Automated Workstations
          • Automated Liquid Handling
          • Automated Integrated Workstations
          • Pipetting Systems
          • Reagent Dispensers
          • Microplate Washers
        • Microplate Readers
          • Multi-mode Microplate Readers
          • Single-mode Microplate Readers
        • Automated ELISA Systems
        • Automated Nucleic Acid Purification Systems
      • Robotic Systems
      • Others 
    • Software & Informatics 
      • Workstation/Unit Automation Software
      • laboratory information management system LIMS
      • Electronic Laboratory Notebook
      • Scientific Data Management System

Application

  • Drug Discovery
  • Clinical Diagnostics
  • Genomics Solutions
  • Proteomics Solutions

End user

  • Biotechnology & Pharmaceutical Industries
  • Research Institutes
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China 
    • India 
    • Australia
    • South Korea 
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia 
    • South Africa
    • Rest of LAMEA
 

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Laboratory automation is a multi-disciplinary innovative approach use in the laboratory to perform scientific experiments, carry out research, and execute analysis of different scientific materials. Automated laboratory systems are widely use in biotechnology & pharmaceutical industries, research institutes, hospitals and academic institutes to enhance workflow in shorter time.

Growing in adoption of automated laboratory equipment in pharmaceutical & R&D institutes, technological advancement in lab automation systems, and increase in demand for miniaturize process equipment majorly driving the market growth. In addition, advantages offered by laboratory automation such as increase in productivity, improve efficiency, lower cost of operation, reduce fluctuation in the production further supports the market growth.     

North America is expected to remain dominant during the forecast period due to higher adoption of laboratory automation system, large presence of pharmaceutical companies and R&D institutes, wide availability of advanced laboratory automation system with trained medical professionals, large presence of key players. In addition, Asia-Pacific and LAMEA are expected to offer lucrative opportunities to the key players during the forecast period due to increase in adoption of laboratory automation systems with developing infrastructure of pharmaceutical industries and improvement in R&D sectors.   

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