Allied Market Research
Loading...
Cart
0

Global Laboratory Automation Market Expected to Reach $8,424 Million by 2026

 

quote Increase in demand for automated laboratories across geographies with rise in popularity of laboratory automation equipment majorly drives the market growth. Furthermore, improvement in infrastructure of pharmaceutical companies & R&D institutes is expected to boost the requirement of laboratory automation in the coming years. quote

Onkar Sumant
Assistant Manager, Healthcare Research at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, "Laboratory Automation Market, by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global laboratory automation market was valued at $4,884  million in 2018, and is expected to reach $8,424 million by 2026, growing at a CAGR of 6.9% from 2019 to 2026.

Laboratory automation is a multi-disciplinary innovative approach used in the laboratory to perform scientific experiments, carry out research, and execute analysis of different scientific materials. Automated laboratory equipment and software are adopted among the laboratories in biotechnology & pharmaceutical industries, research institutes, and hospitals to streamline workflow. Key advantages such as increase in productivity efficiency, lower cost of operation, and enhanced safety are the key drivers of the laboratory automation market. In addition, growth in adoption of automated laboratory systems in pharmaceutical companies & R&D institutes, developing R&D infrastructure in emerging economies, technological advancement in lab automation equipment, and rise in demand for miniaturize process equipment are significantly contributing toward the market growth.

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 growth.

By application, the global laboratory automation market is categorized into drug discovery, clinical diagnostics, genomics solutions, and proteomics solutions. Presently, the drug discovery segment dominating the global market due to increase in adoption of lab automation equipment in drug discovery laboratories, surge in number of R&D activities for new drug development, and rise in demand for miniaturize process equipment in drug discovery laboratories drives the segment growth.

Biotechnology & pharmaceutical industries segment is major revenue contributor in 2018 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 manufactured products and quality control of laboratory applications, to R&D within pharmaceutical & biotechnology companies. This further supports the market growth.

Key Finding of The Laboratory Automation Market:

  • On the basis of product type, the equipment segment held more than three-fourth share in the global market in 2018.
  • On the basis of application, the genomics solutions segment exhibits fastest growth and is expected to grow at a CAGR of 10.0% from 2019 to 2026.  
  • On the basis of end user, the biotechnology & pharmaceutical industries segment held largest market share in 2018 and is expected to remain dominant throughout the forecast period.  
  • On the basis of region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 8.3% during the forecast period.

North America accounted for approximately one-half of the global laboratory automation market share in 2018 and is expected to remain dominant throughout the forecast period. This was attributed to the rise in higher adoption of laboratory automation system, wide availability of advanced laboratory automation system, large presence of pharmaceutical, biotech companies, and R&D laboratories with higher adoption of automated laboratory systems, and large presence of trained professionals. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to, rise in awareness about advanced laboratory automation systems, the developing R&D sector, and increase in number of pharmaceutical & biopharmaceutical companies that majorly drive the market growth.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote 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 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Global Laboratory Automation Market"
Purchase Enquiry