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The global laboratory automation systems market is expected to reach a market size of USD 6.39 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Laboratory automation systems are playing a key role in optimizing and maximizing the accuracy of laboratory test results and reducing human errors, while simultaneously ensuring that tests are conducted fast and efficiently. These systems also enable laboratories to deliver more accurate reports and generates data faster which ensures actionable data is available on short notice and for proper review.
A key factor driving increasing demand for laboratory automation systems is that adoption helps laboratories to reduce manual efforts and work, as automation solutions can finish many testing processes that would otherwise require a considerable amount of manual effort and time. Moreover, automation systems optimize and improve productivity ratio of labs and significantly decrease costs that may arise due to wastage. The application of automation systems has also led to a significant increase in the productivity of drug discovery processes. These systems can operate for long hours with minimal monitoring and instruction. They also allow more time for researchers to focus on core tasks and reduce need for repetitive tasks.
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The report projects the market is anticipated to grow at a significant rate owing to rapid advancements and technological developments in the sector. The report offers strategic recommendations to businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration.
Leading companies profiled in the report:
Tecan Group., PerkinElmer, Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, F. Hoffmann-La Roche, QIAGEN N.V., Siemens Healthineers, Eppendorf AG, bioMérieux, and Abbott.
Emergen Research has segmented the laboratory automation systems market based on product, application, end-use, and region:
Product Outlook (Revenue: USD Billion; 2020–-2028)
Application Outlook (Revenue: USD Billion; 2020–-2028)
End-Use Outlook (Revenue: USD Billion; 2020–-2028)
Laboratory Automation Systems Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Unfolding the prime factors prompting global market growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Laboratory Automation Systems market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Key Highlights of Report
In February 2020, Tecan launched Rapid EZ DNA-Seq library preparation kit, which is an end-to-end solution for PCR-free generation of NGS libraries in just 2.5 hours. The kit uses Tecan’s robust enzymatic DNA fragmentation and DimerFree library construction technologies, which eliminates the need for tedious optimization regardless of input amount.
In August 2019, Agilent acquired BioTek Instruments. The acquisition helped Agilent to expand its presence and expertise in cell analysis as well as create a robust position in large and growing immuno-oncology and immunotherapy areas.
The market in Europe accounted for second-largest revenue share of 25.2% in 2020. Key driving factors include rising focus on laboratory research and increasing funding by investors and international organizations.
The latest report on the global Laboratory Automation Systems market offers strategic insights into the market landscape to stakeholders, investors, and business owners to help them make efficient and lucrative business decisions based on key statistical data and facts. The report aims to offer a thorough outlook of the Laboratory Automation Systems market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Laboratory Automation Systems market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline of 2021-2028.
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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