Lab Automation Market to Grow at 5.1% CAGR and Projected to Reach USD 5.20 Billion by 2022 Overview by Robotic Arms, Microplate Readers, LIMS for Drug Discovery, Clinical Diagnostics, Genomics Applications

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The global lab automation market is expected to reach USD 5.20 Billion by 2022 from 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.

“The global lab automation market is projected to grow at a CAGR of 5.1%.”

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).

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Lab automation market is segmented into automated workstations, off-the-shelf workcells, robotic systems, automated storage and retrieval system, software, and other equipment. In 2017, automated workstation segment is expected to account for largest share of lab automation market. High demand for automation in liquid handling is key factor driving market growth in this segment.

In addition, lab automation offers enhanced productivity and reduced costs, better personnel safety, and small volumes of samples and reagents. 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.

Target Audience:
• Laboratory equipment manufacturers and lab automation consultants
• Academic and government research institutes
• Contract manufacturing organizations (CMOs) and contract research organizations (CROs)
• Venture capitalists and investors

More Information on Study of “Lab Automation Market by Equipment and Software (Robotic Arms, Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics, Genomics), End Users (Biotechnology and Pharmaceuticals, Diagnostic Labs) - Global Forecast to 2022” at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=100313 .

Research Coverage:
Lab automation is defined as use of technology to streamline or substitute manual manipulation of equipment and processes. Degree of automation that any lab requires depends on its workflow. While an academic research lab may prefer to use only some instruments in order to increase productivity & reduce time spent on a tedious task, a drug discovery unit in a pharmaceutical company will perhaps need to automate all of its research phases.

Top-down and bottom-up approaches were used to validate the size of the lab automation market and estimate the size of other dependent submarkets. Various secondary sources such as Clinical and Laboratory Standards Institute (CLSI), Society for Laboratory Automation and Screening (SLAS), Association for Laboratory Automation (ALA), Journal of Laboratory Automation, Annual Reports, Presentations, Press Releases, Journals, Paid Databases, have been used to identify and collect information useful for the study of this market.

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