$ 4.67 Billion Laboratory Automation Market by Equipment & Software, Application, End User & Geography – Global Forecast to 2027 | News

DUBLIN, December 17, 2021 / PRNewswire / – The “Global Laboratory Automation Market (2021-2027) by Product, Type and Geography. Impact of Covid-19, Ansoff analysis ” the report was added to ResearchAndMarkets.com‘s offer.

Laboratory automation is expected to develop over the forecast period considering several factors such as adoption of laboratory automation in pharmaceutical and R&D institutes, increase in demand for process equipment miniaturization.

The global laboratory automation market is estimated at $ 4.67 billion in 2021 and should reach $ 6.66 billion by 2027, with a CAGR of 6.1%

Various factors are contributing to the growth of the laboratory automation market such as increase in geriatric population, process miniaturization, laboratory automation benefits, advancement in the discovery and diagnostics markets of drugs and public funding of biotechnology research and drug discovery, while on the contrary receiving little priority. for laboratory automation among small and medium-sized laboratories act as a limiting factor in the market.

Market dynamics

Conductors

• Increased adoption of laboratory automation
• Miniaturization of processes
• Growing markets for drug discovery and diagnostics
• Government funding for biotechnology and drug discovery research

Constraints

• Low priority for lab automation among small to mid-sized labs

Opportunities

• Emerging markets offer a pool of opportunities to market players
• The wide scope and increasing adoption in microbiology
• Biobank applications

Covered segments

Based on equipment and software, the market is segmented into automated workstations, standard work cells, robotic systems, automated storage and retrieval system, software, and other equipment. In 2020, the automated workstation segment is expected to account for the largest share of the laboratory automation market. The high demand for automation in liquid handling is the key driver for the market growth in this segment. Automated workstations offer benefits such as reduced costs and time and improved accuracy.

Based on the application, the market is segmented into drug discovery, clinical diagnostic, and microbiology solutions. In 2020, the clinical diagnostics segment is expected to account for the largest share of the laboratory automation market. Factors such as growing population and increasing scope of healthcare facilities in growing economies attribute to its growth.

Based on the end user, the laboratory automation market is segmented into pharmaceutical and biotechnology companies, hospitals and diagnostic laboratories, and research institutes and academics. In 2020, the biotech and pharmaceutical companies segment is expected to account for the largest share of the laboratory automation market. Factors such as increasing product complexity, price pressure, high costs caused by errors, and the need for consistency in quality are driving biotech and pharmaceutical companies to embrace automation and accelerate the discovery process. drugs.

North America is expected to represent a larger share of the global laboratory automation market. The growth of laboratory automation in North America is driven by the growing number of investments in research and innovation by the government, the significant presence of pharmaceutical R&D laboratories present in this region and the adoption of laboratory automation by hospitals and diagnostic laboratories clinical due to the increasing volume of testing. However, high equipment costs and low priority for automation in small and medium-sized labs are holding back the growth of this market.

The global laboratory automation systems market is segmented on the basis of equipment and software, applications, and end users.

Laboratory Automation Market, by Equipment and Software

• Ready-to-use automated work cells
• Robotic systems
• Automated workstations
• Automated Storage and Retrieval Systems (ASRS)

Laboratory Automation Market, By Application

• Drug discovery
• Clinical diagnosis
• Microbiology solutions

Laboratory Automation Market, By End User

• Biotech and pharmaceutical companies
• Hospitals and diagnostic laboratories
• Research institutes and universities

Laboratory Automation Market, By Geography

• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

Companies mentioned

• Tecan
• PerkinElmer
• Danaher
• Thermo Fisher
• Agilent Technologies
• Hamilton robotics
• Abbot diagnosis
• Eppendorf
• QIAGEN
• Roche Diagnostics
• Siemens Healthineers
• BMG Labtech GmbH
• Aurora Biomed Inc.
• Hudson Robotics
• ORGANIC

Highlights of the report:

• A comprehensive market analysis including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current and projected market size based on value and volume
• Market shares and strategies of the main players
• Recommendations for companies to strengthen their presence in the market

For more information on this report, visit https://www.researchandmarkets.com/r/dyms94

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SOURCE Research and Markets