Laboratory Automation Market Analysis, Segments & Report 2022-27

As per the latest report by IMARC Group, entitled “Laboratory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on global laboratory automation industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global laboratory automation market reached a value of US$ 5.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.84 Billion by 2027, exhibiting at a CAGR of 7.69% during 2022-2027.

Laboratory automation, also called lab automation, refers to the utilization of any device, software, or process that requires minimal human intervention and improves the efficiency of the laboratory. It comprises robots, conveyor belts, circuit boards, programable robotic equipment, a track system, control software, machine vision, etc. The equipment used in lab automation is embedded with an interface mechanism to enable several instruments to communicate and move specimens amongst each other. In line with this, laboratory automation aids in saving time, reducing costs, eliminating human error, improving the efficiency of experiments, etc. It eases the interaction between hospital information systems (HIS) and laboratory information systems (LIS). Laboratory automation can be differentiated into open automation, discrete analysis, autoanalyzer, closed automation, single-channel analysis, multiple-channel analysis, random access analysis, assays, etc.

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Market Trends:

The increasing demand for the miniaturization of research processes for performing complex tasks in clinical chemistry, microbiology, biotechnology, etc., is primarily driving the laboratory automation market. Additionally, the shifting consumer preferences from manual intervention towards automated processes across clinical laboratories for safer working conditions, improved productivity, more reliable results, increased savings on space, time, and costs, etc., are further catalyzing the market growth. Besides this, the rising utilization of automated testing solutions to complete several testing processes by minimizing manual work is acting as another significant growth-inducing factor. Moreover, these systems also enhance the productivity of lab teams as they can track everything that happens to a sample, enabling them to view its entire history. Apart from this, the growing number of R&D institutions is expected to fuel the laboratory automation market in the coming years.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• Danaher

• PerkinElmer

• Tecan Group

• Thermo Fisher

• Abbott Diagnostics

• Agilent Technologies

• Aurora Biomed

• Becton Dickinson

• BioMérieux

• Biotek Instruments

• Brooks Automation

• Cerner

• Eppendorf

• Hamilton Storage Technologies

• LabVantage Solutions

• Labware

• Olympus

• Qiagen

• Roche Holding

• Siemens Healthcare

Laboratory Automation Market Segmentation:

Our report has categorized the market based on region, type, equipment/software type and end use.

Breakup by Type:

• Modular Automation

• Whole Lab Automation

Breakup by Equipment and Software Type:

• Automated Clinical Laboratory Systems

  • Workstations

  • LIMS (Laboratory Information Management Systems)

  • Sample Transport Systems

  • Specimen Handling Systems

  • Storage Retrieval Systems

• Automated Drug Discovery Laboratory Systems

  • Plate Readers

  • Automated Liquid Handling Systems

  • LIMS (Laboratory Information Management Systems)

  • Robotic Systems

  • Storage Retrieval Systems

  • Dissolution Testing Systems

Breakup by End-Users:

• Biotechnology

• Pharmaceutical Companies

• Hospitals and diagnostic laboratories

• Research and academic institutes

Breakup by Region:

• North America (United States, Canada)

• Europe (Germany, France, United Kingdom, Italy, Spain, Others)

• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2016-2021)

• Market Outlook (2022-2027)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

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