“New report on Lab automation market dominated by automated workstations, off-the-shelf work cells, robotic systems, automated storage and retrieval system, software, & equipment. Report covers the forecast, regional study, analysis and company profiles.
The lab automation market is expected to reach USD 5.20 billion by 2022 from an estimated USD 4.06 billion in 2017, at a CAGR of 5.1%. Factors such as process miniaturization, high demand for lab automation equipment in drug discovery and clinical diagnostics, higher reproducibility and accuracy, and large workforce demand and supply gap are likely to drive the growth of this market. The genomic solutions segment to grow at the highest rate during the forecast period.
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Lab automation market and estimate the size of other dependent submarkets. Various secondary sources such as Clinical and Laboratory Standards Institute (CLSI), Society for Laboratory Automation and Screening (SLAS), Association for Laboratory Automation (ALA), Journal of Laboratory Automation, Annual Reports, Presentations, Press Releases, Journals, Paid Databases, have been used to identify and collect information useful for the study of this market.
“The genomic solutions segment to grow at the highest rate during the forecast period.”
Report analyzes lab automation market & aims at estimating market size & future growth potential of this market based on various aspects such as equipment and software, application, end user, and region. Report also includes an in-depth market trend analysis for various regions across globe & competitive analysis of key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
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The lab automation market is segmented into pharmaceutical and biotechnology companies, hospitals and diagnostic labs, and research and academic institute. In 2017, the biotechnology & pharmaceutical companies segment is expected to account for the largest share of the lab automation market. Factors such as increasing product intricacy, pricing pressure, high cost incurred by errors. Software segment is expected to witness highest growth during forecast period.
Break of primary participants was as mentioned below:
- By Company Type – Tier 1–32%, Tier 2–42% and Tier 3–26%
- By Designation – C-level–23%, Director Level–35%, Others–42%
- By Region – North America–41%, Europe–34%, Asia Pacific–16%, RoW–8%
Key top players in lab automation market are Tecan Group (Switzerland), PerkinElmer (US), Danaher (Beckman Coulter & Molecular Devices) (US), Thermo Fisher (US), Agilent Technologies (US), Hamilton Robotics (US), Abbot Diagnostics (US), Eppendorf (Germany), QIAGEN (Netherlands), Roche Diagnostics (Switzerland), and Siemens Healthcare (Germany).
More Information “Lab Automation Market by Equipment and Software (Robotic Arms, Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics, Genomics), End Users (Biotechnology and Pharmaceuticals, Diagnostic Labs) – Global Forecast to 2022” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=252623 .
The lab automation market is segmented into pharmaceutical and biotechnology companies, hospitals and diagnostic labs, and research and academic institute. In 2017, the biotechnology & pharmaceutical companies segment is expected to account for the largest share of the lab automation market.
Reasons to Buy the Report
Factors such as increasing product intricacy, pricing pressure, high cost incurred by errors, and need for consistency in quality are driving biotechnology and pharmaceutical companies to adopt automation and accelerate the drug discovery process. Growth of this segment can be attributed to the rising need for efficient data storage, analysis, and sharing methods.