Report Code: A11458 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Total Lab Automation Market
Request Now !Total lab automation is referred as the combination of the analyzers or the work cells with the pre-analytical samples management and transportation system governed by process of the control software. It is a key feature for developing the efficacy and cost containment of the laboratory services. It is important that the implementation of the fully integrated pre-analytical and analytical systems improves the efficacy of the specimen processing, reduces the number of laboratory errors that may occurs during sorting, labelling and aliquoting, preserves sample quality and improves the reliability clinical chemistry testing. It has various advantage like it can significantly upgrade the time interval from the time of the submission of process till the time of the completion of the process, upgrade the length of stay in the emergency department and accelerate the process of the diagnosis which increases the quality of the care. It is used in the increasing the productivity and increasing the experimentation quality of the data. It also poses some of the major disadvantages like higher costs as it may make difficult for the small and medium sized market players to setup the total lab automation, developed expenditure for supplies, requirement of the great space, overcrowding of the staff, increase in the noise and heat production, various problems in the bio specimen management, psychological dependence and others.
 Â
COVID-19 Scenario Analysis:
At the early phase of COVID-19 pandemic, there was no availability of specific diagnostic tests to detect the disease in patients. Alternative diagnostic tests were used initially but were not much effective. This unavailability of specific COVID-19 diagnostic tests presented lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. Many leading players as well as some start-ups from various countries utilized this opportunity and introduced COVID-19 diagnostics kits into local as well as global market. These players achieved edge over other diagnostics players capitalizing the opportunity from demand for COVID-19 diagnostic tests, which, in turn, helps them in maintaining their revenues in such a crisis.
Increase in the gap between the availability of trained professionals and demand for laboratory procedures is expected to increase the growth of the market. Accuracy and the reproducibility of the lab automations are also helping to increase the growth of the market. Safety of the staff, decrease in the volumes of the samples and the cost cutting of the processes are also the factors responsible for the growth of the market. Moreover, increase in number of infected patients can also help increase the diagnostic tests done of the patients, which can create opportunity for the growth of the market. Increase in number of clinical development studies can also help to increase the growth of the total lab automation market.
However, high cost of the setup and maintenance of the total lab automation poses the key restraints in the growth of the market. Furthermore, the lack of the risk-taking capabilities of the labs and evidence-based cost effectiveness can also hamper the growth of the total lab automation market.
In February 2020, BD Kiestra ReadA was approved by the U.S FDA, which was created by Becton, Dickinson and Company. This device improves the operational efficacy in the microbiology laboratories.
In October 2019, the new product was announced under Protean Workcell to automate the discovery of the drug and the genomics applications for biotech companies by Hudson Robotic Inc.
The increase in the number of diseases and the diagnosis over it can help to increase the usage of the total lab automations. The rise in the efficacy and the reproducibility of the results can also help to surge the usage of the total lab automation.
  Â
      Key benefits of the report:
     Questions answered in the total lab automation market research report:
Total Lab Automation Market Report Highlights
Aspects | Details |
---|---|
By Equipment |
|
By Software |
|
By Application |
|
By Region |
|
Key Market Players | others., Thermo Fisher Scientific, PerkinElmer, Tecan Group Ltd., Synchron Lab Automation, Inpeco SpA, Becton, Dickinson and Company, F. Hoffmann-La Roche AG, Sysmex Corporation, Danaher Corporation, Abbott Laboratories, Siemens Healthineers AG, Hudson Robotics, Inc., Agilent Technologies, Inc. |
Start reading.
This Report and over 67,068+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers