Lab Automation Market Study Report on Key Players in (Biotechnology, Pharmaceuticals and Diagnostic Labs) Users to 2022

Report analyzes lab automation market & aims at estimating market size & future growth potential of this market based on various aspects such as equipment and software, application, end user, and region. Report also includes an in-depth market trend analysis for various regions across globe & competitive analysis of key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

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The lab automation market is expected to reach USD 5.20 billion by 2022 from an estimated USD 4.06 billion in 2017, at a CAGR of 5.1%. Factors such as process miniaturization, high demand for lab automation equipment in drug discovery and clinical diagnostics, higher reproducibility and accuracy, and large workforce demand and supply gap are likely to drive the growth of this market.

Objectives of the Study
• To define, describe, and forecast the laboratory automation market by equipment and software, application, end user, and region
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze the opportunities in the market for stakeholders and details of the competitive landscape for market leaders
• To forecast the size of market segments with respect to the four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
• To profile key players and comprehensively analyze their core competencies in terms of key market developments, product portfolios, and financials
• To track and analyze competitive developments such as acquisitions; product developments; partnerships, agreements, and collaborations; and expansions in the laboratory automation market

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The major players in the lab automation market include Tecan Group (Switzerland), PerkinElmer (US), Danaher (Beckman Coulter & Molecular Devices) (US), Thermo Fisher (US), Agilent Technologies (US), Hamilton Robotics (US), Abbot Diagnostics (US), Eppendorf (Germany), QIAGEN (Netherlands), Roche Diagnostics (Switzerland), and Siemens Healthcare (Germany).

Lab Automation Market, By Application
1 Drug Discovery
2 High-Throughput Screening (HTS)
3 Compound Weighing and Dissolution
4 Compound Management
5 Other Drug Discovery Applications
6 Clinical Diagnostics
7 Pre-Analytics/Sample Preparation
8 Sample Distribution, Splitting, & Archiving
9 Genomics Solutions

The lab automation market is segmented into pharmaceutical and biotechnology companies, hospitals and diagnostic labs, and research and academic institute. In 2017, the biotechnology & pharmaceutical companies segment is expected to account for the largest share of the lab automation market. Factors such as increasing product intricacy, pricing pressure, high cost incurred by errors.

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Lab automation market is segmented into automated workstations, off-the-shelf work cells, robotic systems, automated storage and retrieval system, software, & equipment. Software segment is expected to witness highest growth during forecast period. Growth of this segment can be attributed to the rising need for efficient data storage, analysis, and sharing methods.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1–32%, Tier 2–42% and Tier 3–26%
• By Designation – C-level–23%, Director Level–35%, Others–42%
• By Region – North America–41%, Europe–34%, Asia Pacific–16%, RoW–8%

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This release was published on openPR.