Lab Automation Market for In-vitro Diagnostics Market to grow at a CAGR of 4.43% over the forecast period (2018 - 2023)| Major Players - COGNEX CORPORATION, ROCHE HOLDING AG, ABBOTT LABORATORIES INC., BEE ROBOTICS LTD, amongst others

Market Analysis:

UK to be Dominant Market
It is also expected that there will be an annual increase of 10.34% in the demand for blood and tissue tests over the forecast period, owing to increase in the aging population and increasing incidence of chronic diseases.

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IVDs may be used in a variety of environments, including laboratories, clinics, diagnostic centers, educational institutes, or homes. They are employed for preventive diagnosis, early-stage screening, therapy selection, and monitoring. Technological innovations have improved productivity of clinical labs. With the increasing reliance on technology-based systems and drastic growth of internet-driven processes, the need for automation is increasing. Digital transformation i.e. connecting devices to the internet ensures remote monitoring, alerts, remote control, and notifications for everything, ranging from temperature to threats. Laboratories (Hospitals and private labs) are the largest consumer for the market.

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Market Segments:
Lab Automation Market for IVD Market is segmented by:
1. Equipment: Automated Plate Handler, Automated Liquid Handler, Robotic Arm, Automated Storage and Retrieval System, Analyzer
2. End User: Academic, Laboratory, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments In The Market
• December 2017 - Becton, Dickinson and Company announced its acquisition of C.R Bard technologies, due to which improvement in both the treatment of disease for patients and the process of care provision for health care providers has improved for the company.
• September 2017 - Agilent Technologies announced a platinum sponsorship agreement with LabCentral, a biotech innovation hub, based in Cambridge, Massachusetts.

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