Increasing acceptance of lab automation in developing economies and rising use of lab automation in large integrated health systems to boost revenue growth
To know key findings Request Sample Report @: https://www.futuremarketinsights.com/reports/sample/rep-gb-394
Dynamics of the Global Lab Automation Market
Increasing incidences of life threatening diseases and injuries have led to increasing diagnostics procedures, worldwide. It is estimated that, the direct and indirect costs of diagnosis will increase over a period of time. The rising research and development activities in the field of molecular and genetics, biochemistry, microbiology, and immunology have also boosted the demand for accurate and cost saving facilities. To develop cost-effective and cost-efficient medical devices and lab automation services, various governments in developed countries are actively funding R&D activities. For instance, the New South Wales (NSW) government in Australia, has provided a medical devices fund of around US$ 8.0 million in 2017-2018 to help encourage and support investments in the development and commercialization of medical devices, related technologies, and services.
Favourable government policies for start-ups enable companies to develop cost-effective healthcare solutions in the lab automation market. Over the last few years, government authorities in Asia Pacific and Middle East and Africa are encouraging start-up companies as well as MNCs to boost industrial growth in the healthcare and medical device industries. Major players in the in-vitro diagnostics market can capitalize on the economies of scale to strengthen their position in the market.
For instance, India, a developing country in the Asia Pacific region, has announced new policies for attracting MNCs as well as start-up companies across domains, including medical device manufacturing. According to the policies, start-up companies in India are exempt from tax for the first three years after establishment, and patent protection costs are subsidized. Thus, favourable government policies in developing countries are expected to drive overall the lab automation devices and services market.
However, the complex integration of lab tools hinders the demand for lab automation solutions. Lab professionals are focusing on the better utilization of test tools, consolidating various resources and deploying effective lab tools across all platforms. Interconnecting various platforms across the lab is a very critical task, and needs advanced PR-PR open-source high-level robot programming language as a cross-platform laboratory automation system, which may lead to complexity and a variety of test configurations, and restrain the growth of the lab automation market over the forecast period.
Global Lab Automation Market: Segmentation & Analysis
On the basis of component, the global lab automation market is segmented into devices and software. Further, the devices segment has been segmented into six categories - biochemistry devices, molecular devices, hematology devices, immunology devices, microbiology devices, and others. The software segment is bifurcated into two segments scheduling software and momentum integration software.
On the basis of application, the lab automation market is segmented into life sciences research & development, drug-discovery, and diagnostics, in terms of revenue share. The life Sciences R&D segment dominated the global lab automation market in 2017, and is expected to do so throughout the forecast period. The diagnostics application segment is anticipated to expand at the fastest CAGR over the forecast period.
On the basis of end user, the global lab automation market is segmented into pharmaceutical companies, hospitals and diagnostic centers, educational institutions, contract research organizations (CROs), and research institutes. The hospitals and diagnostic centers segment currently accounts for the highest revenue share in the lab automation market, due to the increasing usage of automation devices in hospitals and diagnostic centers in developed countries.
This lab automation market report also covers trends that drive each segment, and offers analysis and insights regarding the potential of the lab automation market in regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East & Africa, and Japan. Among these regions, the North American lab automation market is projected to exhibit relatively high growth in the global lab automation market, with a CAGR 10.6% over the forecast period. Revenue from the lab automation market in North America is estimated to account for over 37.1% of the global lab automation market revenue in 2016. Lab automation solution providers can focus on expanding across several countries in North America, such as the U.S. and Canada.
Request for Report customization @: https://www.futuremarketinsights.com/customization-available/rep-gb-394
Global Lab Automation Market: Key Players
Some of the key competitors in the lab automation market are Abbott Laboratories, Agilent Technologies, Perkin Elmer, Inc, Thermo Fisher Scientific, Inc, Siemens Healthcare, Danaher Corporation, Becton, Dickinson and Company, and Transcriptic, Inc. These key players are constantly focusing on product innovation and geographical expansions to sustain their market presence and increase revenue generation by developing various types of solutions and delivering outstanding offerings to several end users.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Increasing acceptance of lab automation in developing economies and rising use of lab automation in large integrated health systems to boost revenue growth here
News-ID: 1439048 • Views: 120
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Lab
Global Lab Accessories Market
Global lab accessories market was valued US$ 378.2 Mn in 2017 and is expected to reach US$ 687.5 Mn by 2026, at a CAGR of 7.76% during a forecast period. The lab accessories market is segmented into type, end-user, and region. In terms of type, global lab accessories market is classified into microplates, label printers, pipettes, pumps, reagent reservoirs, valves, tubings, and wash stations. Based on an end-user, global lab accessories market is
Global Lab Automation Industry
Global Lab Automation Industry Latest Report on Lab Automation Market Global Analysis & 2021 Forecast Research Study Lab Automation Market Analysis Automation is one of the best weapon in the life science laboratory due to the growing demands for productivity in speed, accuracy, throughput and efficiency. Helped by advance technology, contemporary automated systems are already adept of a wide range of functions that were previously performed by slow, tedious and manual labor. Instrumentation
Electronic Lab Notebook (ELN) Market
Future Market Insights (FMI) delivers key insights on the global electronic lab notebook market in its latest report titled, “Electronic Lab Notebook Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. The global electronic lab notebook (ELN) market is anticipated to grow from US$ 221.5 Mn in 2015 to US$ 615.2 Mn by 2026, registering a CAGR of 10.1% in terms of revenue during the forecast period (2016-2026). In this report,
City of Stuttgart becomes reality lab
Research project on new forms of knowledge transfer and civic participation Starting in January 2015, several University of Stuttgart research institutes will be investigating new forms of knowledge transfer in the applied research project “Future City Lab_Stuttgart: Reality Lab for Sustainable Mobility Culture.” It is planned to run for at least three years. The innovative “reality lab” research format is designed to make it easier to link scientific findings with policy
New Off-Grid Testing Lab
GOLDEN, CO, 22 January 2013 Positive Energies is establishing an off-grid lab in Golden, Colorado. The off-grid lab will develop, test, and verify power and energy technologies for off-grid or minimally served commercial operations. Examples of applications are light manufacturing factories, water purification and distribution facilities, communications, medical facilities, and hotels/resorts. Examples of technologies are DC microgrids, fuel cells, micro-hydro and micro-wind, solar, geothermal, and electric storage systems. Dan Gregory, CEO of
Environmental Monitoring lab in Chennai
ABC Environ Solutions Pvt.Ltd is the Environmental Engineering company,EIA Consultants and Tamil Nadu Pollution Control Board,team offer the Operation and Maintenance of R/O plants and desalination plants based on Reverse Osmosis (RO) Plant. ABC Environ involved in Environmental Monitoring and conducting Environmental Assessment,EIA (Environmental Impact Assessment) studies, EIA Consultants in Chennai, Environmental Consultants in India also in Chennai and Water Treatment. We are the first firm in India to be Accredited by