Lab Automation Market Rising From Us$ 1.8 Billion to Us$ 2 Bn
Demand for lab automation services experienced a Y-o-Y expansion rate of over 11% in 2022 compared to 2021, rising from US$ 1.8 Billion to US$ 2 Billion.
Going forward, the market is poised to flourish at a 7% value CAGR from 2022-2032, reaching a valuation of nearly US$ 4 Billion.
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Key Segments Covered
Product
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
Software & Informatics
Workstation/Unit Automation Software
Laboratory Information Management Systems (LIMS)
Electronic Laboratory Notebook
Scientific Data Management System
Application
Drug Discovery
Clinical Diagnostics
Genomics Solutions
Proteomics Solutions
End User
Biotechnology & Pharmaceutical Industries
Research & Academic Institutes
Hospitals & Diagnostic Laboratories
Forensic Laboratories
Environmental Testing Labs
Food & Beverage Industry
Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Key Takeaways from Market Study
By product, demand for integrated automated workstations to expand at a rapid pace
Biotechnology & pharmaceutical industry experiencing major uptake of lab automation systems
By application, drug discovery and clinical diagnostics to collectively capture a lucrative share
Voluminous biopharmaceuticals manufacturing to elevate lab automation deployment across the U.S.
The U.K. to generate fresh revenue ecosystems amid high reliance on in vitro diagnostics
Growing R&D initiatives by government and non-governmental entities bolstering France and Germany’s growth prospects
India and China to emerge as lucrative hotspots amid increasing need to offset asymmetries in efficient lab testing mechanisms
“Growing irregularities in quality diagnosis & drug development due to high error margins are prompting healthcare providers to invest in the most contemporary lab automation solutions, driving market growth,”comments a Fact.MR analyst.
Competitive Landscape
Thermo Fisher Scientific, PerkinElmer, Agilent Technologies, Hudson Robotics, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Hamilton Robotics, Bio-Rad Laboratories, bioMerieux SA, Becton Dickinson & Company, Qiagen NV, Danaher Corporation, and Hudson Robotics are some prominent lab automation equipment and software providers profiled in Fact.MR’s report.
With regard to solution offerings, Siemens Healthineers provides the SIMATIC SIPAT Process Analytical Technology, facilitating the right-first-time production via Quality by Design (QbD) transfer of previously downstream quality controls into the manufacturing process itself. The software helps healthcare settings become more flexible with regard to production expansion, new product launches, and entry into new markets.
Similarly, Bio-Rad Laboratories offers its CFX Automation System II, a robotic plate handler compatible with all CFX RT-PCR Detection Systems to enable walk-away, high throughput qPCR operation in a simplified format. This systems generates large volumes of data and rapid data analysis. It is ideally suited to meet the high throughput RT-PCR requirements of today’s drug discovery and screening workflows.
Thermo Fisher Scientific
Agilent Technologies
PerkinElmer
Hudson Robotics
Qiagen NV
Hoffmann-La Roche Ltd.
Hamilton Robotics
Siemens Healthineers
Becton Dickinson and Company
Bio-Rad Laboratories
FORMULATRIX
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global lab automation market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of product (equipment and software & informatics), application (drug discovery, clinical diagnostics, genomic solutions, and proteomics solutions), and end-user (biotechnology & pharmaceutical industries, research & academic institutes, hospitals & diagnostic laboratories, forensic laboratories, environmental testing labs, and food & beverage industry), across five major regions of the world.
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