Lab Automation Market 2018 centers on Top Most key Players - Siemens Healthineers, Perkin Elmer Private Limited, Eppendorf India Ltd, Abbott Diagnostics International Ltd, Thermo Fisher Scientific, Roche Diagnostics, Qiagen, Tecan, Agilent Technologies

A research study titled, “Lab Automation Market by software & equipment, application and end user- global industry analysis and forecast to 2023” published by crystal market research.

Competitive Insights:
The major players in the market are Siemens Healthineers, Perkin Elmer Private Limited, Eppendorf India Ltd, Abbott Diagnostics International Ltd, Thermo Fisher Scientific, Roche Diagnostics, Qiagen, Tecan, Agilent Technologies, Danaher Corporation and Hamilton Company. In 2017, Tecan dominated the Lab Automation Market.

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Industry Outlook -
The Lab Automation Market was worth USD 3.58 billion in 2014 and is expected to reach approximately USD 5.60 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.11% during the forecast period.
Lab automation is characterized as the usage of technology to streamline or substitute manual control of processes and equipment. The level of automation that any lab requires relies upon its work process. While an academic research lab may use just a few instruments with a specific end goal to build efficiency and lessen the time spent on a tedious task, a drug discovery unit in a pharmaceutical organization will need to automate the majority of its research phases. Factors, for example, process scaling down, popularity for lab automation equipment in drug discovery and clinical diagnostics, higher reproducibility and exactness, and huge workforce demand and supply gap are probably going to drive the development of this market. Furthermore, lab automation offers upgraded profitability and lessened costs, better staff safety, and little volumes of samples and reagents.

Market Segmentation
By Software and Equipment:
Off-the-shelf Automated Workcells
Automated Workstations
Automated Storage & Retrieval Systems (ASRS)
Robotic Systems
Software
Other Equipment

By Application:
Clinical Diagnostics
Drug Discovery
Microbiology Solutions
Other Applications

By End User:
Hospitals and Diagnostic Laboratories
Biotechnology and Pharmaceutical Companies
Research and Academic Institutes

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By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

Application Outlook and Trend Analysis
On the basis of applications, the lab automation market is portioned into clinical diagnostics, drug discovery, proteomics solutions, genomics solutions, microbiology, and other applications. The genomics arrangements fragment is anticipated to develop at the most astounding CAGR amid the figure time frame. The usage of mechanization is on the ascent in genomics for high-throughput necessities, giving significant reproducibility and throughput when contrasted with manual techniques.

Regional Trend Analysis
In 2017, North America is anticipated to represent the biggest share of the worldwide lab automation market. The interest for lab robotization in North America is driven by the expanding number of investments in research and development by the administration, substantial existence of pharmaceutical R&D labs in this area, and lab automation selection by healing centres and clinical diagnostic labs because of expanding volume of tests.

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