Lab Automation Market Revenue Opportunities and Growth Predicted by Global Top Players - Abbot Diagnostics, Tecan Group Ltd., PerkinElmer Inc., Danaher Corporation, QIAGEN, Eppendorf, and Siemens Healthineers

Coherent Market Insights recently released “Global Lab Automation Market Research Report 2025” that centers around the latest developing trends and technologies in the Lab Automation Market having few Years of forecast period from 2018 to 2025 and considering Market status study from 2012 to 2025.

Lab automation systems incorporates use of high end equipment’s and software into various laboratory procedure such as sample preparation with reagent mixing, pipetting out sample, performing sample analysis for characterization of the compound in the sample, sensitive lab ware movement, liquid dispensing assay performance, and cell culture preparation. Lab automation systems provides advantage such as precision in operations, saving time by performing batch operations, and accuracy of data due to minimizing human error. It also prevents sample wastage (in case sample having very low yield). Increasing applications of lab automation in research laboratory is creating potential opportunity for growth of the market.

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Market Dynamics -

Major factor driving growth of the lab automation market include the need for accurate diagnosis in less time with minimum error. For instance, ELISA test is utilized in diagnosis of diseases such as Zika, AIDS, rotavirus, syphilis, and chickenpox. These diseases has high prevalence worldwide and frequent outbreaks of the same as infectious disease may promote use of automated ELISA systems. Increasing use of the DNA sample in diagnostics with tedious procedure involved in it is expected to propel growth of the lab automation market. Pharmaceutical companies worldwide are involved in genomics research, there is increasing research spending and collaboration with genomics firms by pharmaceutical and biotechnological companies in which lab automation will play crucial role. In April 2016, AstraZeneca launched project to sequence genome of over 2 million people by collaborating with biotech firm Human Longetivity, Inc., and other academic institutions. In March 2015, Genomics England announced to partner with 10 pharmaceutical and biotechnological companies to develop new diagnostics and treatments for cancer patient and rare disease, using the genomic sequences gathered through the 100,000 Genomes Project.

Research And Development Conducted By Pharmaceutical And Biotech Companies Is Fueling Growth Of The Global Lab Automation Market

Integration of the lab automation system reduces the time required for preclinical studies by lead molecule failure due to precision in procedure. Steps involved in drug development such as screening and lead optimization, sample assay development, and ADME (Absorption, Distribution, Metabolism and Excretion)-toxicological studies majorly require lab automation equipment. For instance, assay development can be performed in real-time for large volume of new drug samples with the help of micrometer plate. Furthermore, high throughput screening of ADME samples can be performed with liquid handling system through automated cell permeability, drug solubility, in vitro drug metabolism, protein binding studies, and compound characterization procedures. However, high cost associated with these equipment is major factor restraining growth of the market.

Key Players operating in the Lab Automation Market include;

Tecan Group Ltd., PerkinElmer Inc., Danaher Corporation, Thermo Fisher Scientific, QIAGEN, Agilent Technologies, Hamilton Robotics, Abbot Diagnostics, Eppendorf, Roche Diagnostics, and Siemens Healthineers.

The information for each competitor includes:
• Company Profile
• Main Business Information
• SWOT Analysis
• Sales, Revenue, Price and Gross Margin
• Market Share

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Detailed Segmentation:

Global Lab Automation Market, By Product Type:
• Automated Liquid Handling System
• Microplate Reader
• Automated Storage And Retrieval System
• Automated ELISA System
• Automated Nucleic Acid Purification System
• Robotic Systems
• Software
• Others

Global Lab Automation Market, By Application:
• Drug Discovery
• Clinical Diagnostics
• Genomics Solutions
• Proteomics Solutions
• Cell Biology
• Others

Global Lab Automation Market, By Geography:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.